Travel & Entertainment M&A » By The Online Investor Staff, updated Thu., Apr. 9, 6:08 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 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.
 
|
Hold (2.21 out of 4) 10th percentile
(ranked lower than approx. 90% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
