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Marriott Signs Protea Agreement

Marriott Signs Protea Agreement

BETHESDA, Md.—Marriott International and South Africa’s Protea Hospitality Holdings announced that they have signed definitive agreements for the purchase by Marriott of Protea’s three brands and management company. The intent to broker this deal was announced in November of last ...

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Marriott CEO Talks Protea Deal

Marriott International CEO Arne Sorenson recently sat down for an interview with Bloomberg’s Street Smart team to go over the company’s acquisition of Protea Hotel Group, which will fuel its growth in Africa. Sorenson told Street Smart anchors Trish Regan ...

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Marriott to Acquire Protea Hotel Group

Marriott to Acquire Protea Hotel Group

BETHESDA, Md.—Marriott International said it has signed a letter of intent with Protea Hospitality Holdings of Cape Town, South Africa to acquire Protea Hotels’ brands and its management business that operates or franchises 116 hotels across three brands with 10,184 ...

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