Travel & Entertainment M&A » By The Online Investor Staff, updated Thu., Aug. 13, 12:22 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 a worldwide operator, franchisor, and licensor of hotel, residential and timeshare properties under various brand names at different price and service points. Co. has operations in the following reportable business segments: North American Full-Service, which includes Co.'s Luxury and Premium properties located in United States and Canada; North American Limited-Service, which includes Co.'s Select properties located in United States and Canada; and Asia Pacific, which includes all properties in Co.'s Asia Pacific region.
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Avg. Broker Rec.
 
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Hold (2.35 out of 4) 12nd percentile
(ranked lower than approx. 88% of all stocks covered)
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