Travel & Entertainment M&A » By The Online Investor Staff, updated Fri., Dec. 6, 7:55 PM
Recent mergers and acquisitions in the Travel & Entertainment M&A category.
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Slide #21. Marriott International, Inc. — Protea Hospitality Holdings
Acquirer:
Marriott International, Inc. (NASDAQ:MAR)
Acquiree:
Protea Hospitality Holdings
Details:
Marriott International, Inc. (NASDAQ: MAR) and South Africa's Protea Hospitality Holdings announced today that they have signed definitive agreements for the purchase by Marriott of Protea's three brands and management company.
Marriott International is an operator, franchisor, and licensor of hotels, residential and timeshare properties. Co.'s Luxury hotel brands include JW Marriott, The Ritz-Carlton, St. Regis, W Hotels, The Luxury Collection, EDITION, and Bulgari. Co.'s Premium hotel brands include Marriott Hotels, Sheraton, Delta Hotels, Marriott Executive Apartments, and Marriott Vacation Club, Westin, Renaissance, Le Meridien, Autograph Collection, Gaylord Hotels, Tribute Portfolio, and Design Hotels. Co.'s Select hotel brands include Courtyard, Residence Inn, Fairfield by Marriott, SpringHill Suites, Four Points, TownePlace Suites, Protea Hotels, Aloft, AC Hotels by Marriott, Element, and Moxy.
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