Travel & Entertainment M&A » By The Online Investor Staff, updated Tue., Aug. 9, 3:08 AM
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 hotel, residential, and timeshare properties under various brand names at different price and service points. Co. has two operating segments: U.S. and Canada and International. 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, Marriott Vacation Club, Westin, Renaissance, and Le Meridien. Co.'s Select hotel brands include Courtyard, Residence Inn, Fairfield by Marriott, SpringHill Suites, Four Points, TownePlace Suites, and Protea Hotels.
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Avg. Broker Rec.
 
|
Buy (2.91 out of 4) 13rd percentile
(ranked lower than approx. 87% of all stocks covered)
Analysts' Target Price: MAR Stock Forecast Based on Zacks ABR data; powered by Xignite |
