Travel & Entertainment M&A » By The Online Investor Staff, updated Sat., Aug. 13, 11:19 AM
Recent mergers and acquisitions in the Travel & Entertainment M&A category.
| This Slide: #8 of 87 |
Slide #8. Marriott International — Protea Hospitality Group
Acquirer:
Marriott International (NASDAQ:MAR)
Acquiree:
Protea Hospitality Group
Details:
Marriott International, Inc. (NASDAQ: MAR) today became the largest hotel company in Africa according to published information, and nearly doubled its presence in its Middle East and Africa region to more than 160 hotels and 23,000 rooms as it completed its acquisition of the 116-hotel Protea Hospitality Group (PHG), based in South Africa. Marriott now operates or franchises more than 4,000 hotels in 79 countries.
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.
Marriott International SEC Filing Email Alerts Service
Open the MAR Page at The Online Investor »
|
||||||||||||||||||||||||
Open the MAR Page at The Online Investor (in a new window) »
 Free MAR Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
Avg. Broker Rec.
 
|
Buy (2.91 out of 4) 14th percentile
(ranked lower than approx. 86% of all stocks covered)
Analysts' Target Price: MAR Stock Forecast Based on Zacks ABR data; powered by Xignite |
