Travel & Entertainment M&A » By The Online Investor Staff, updated Mon., Oct. 14, 9:18 AM
Recent mergers and acquisitions in the Travel & Entertainment M&A category.
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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 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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Avg. Broker Rec.
 
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Hold (2.37 out of 4) 10th percentile
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