Marriott News Center

43 posts categorized "Middle East & Africa"

10/02/2014

Marriott International's Commitment to Expansion Across Africa Gathers Momentum

  • 9 hotels, 1300 rooms scheduled to open by 2015; 30 hotels, 5500 rooms expected to open by 2020
  • USD 1.5.bn capital investment by Marriott’s real estate partners

Bethesda, Md., Oct. 2, 2014 Dubai, UAE - Marriott International, Africa’s largest hotel company following its strategic acquisition of Protea Hotel Group, continues to gather momentum with a packed schedule of 30 property openings across the continent by 2020, 9 of which are slated to open by end of 2015.

“The potential of the African market is awe inspiring and only really matched by the extraordinary people and places we encounter every day as our brands puts down roots across the continent,” Alex Kyriakidis, President and Managing Director, Marriott International Middle East and Africa said.  “Over the next few years we plan to expand our presence even further from 10 countries to 17 with a capital investment by Marriott’s real estate partners of $1.5 billion across the continent. With it, we will create jobs and support local communities because our success is only ever possible through strong bonds of friendship, trust and cooperation in the markets we inhabit.”

Residence-Inn-by-Marriott-Kampala-KololoWith a strong eye on the extended stay segment a new Residence Inn by Marriott Kampala Kololo has just been signed, bringing the total property count under the Protea Hotels and Residence Inn brands in Uganda alone to three. A raft of further openings are scheduled to follow in 2015 across the continent with openings in South Africa, Nigeria and Uganda, as well as Marriott International’s first properties in Ethiopia, Ghana and Rwanda.

Marriott Executive Apartments Addis Ababa, owned by Sunshine Business plc, is slated to be the first property under the extended stay brand to open in Africa. With 104 units, located at the financial district, close to the UN Headquarters and Addis Ababa Stadium, Marriott Executive Apartments is designed for the international traveler and executive expat seeking luxurious apartment living with hotel services.

By 2020, in Africa, Marriott International is set to go from 120 properties, 14,000 rooms across 10 markets, to 150 properties with 19,000 rooms across 17 markets. As a result, the company which currently employs 21,000 associates across Africa should see its work-force increase by 10,000. “The fundamental demand generators that drive our industry are alive and well on this continent,” continued Kyriakidis. “Marriott International’s investment into this region represents the economic realisation for the need for hotels – countries need to invest in infrastructure, accommodation and airports to create jobs to grow the economy.  In tangible terms, these planned hotels will create sustainable local jobs.

“We have achieved a great deal in a short period of time but I firmly believe this is just the start of the Marriott International story in Africa.”

Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda, Maryland, USA, with more than 4,000 properties, and more than 690,000 rooms in 78 countries and territories.  Marriott International reported revenues of nearly $13 billion in fiscal year 2013.  The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands.  Marriott has been consistently recognized as a top employer and for its superior business ethics.  The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 45 million members.  For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Note on forward looking statements: The statements about future hotel openings, capital investments by owners, and work force additions are “forward looking statements" within the meaning of federal securities laws, not historical facts, and are subject to a number of risks and uncertainties, including supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth; and other risk factors identified in Marriott International, Inc.'s most recent quarterly report on Form 10-Q/A; any of which could cause actual results to differ materially from those expressed in or implied by our statements. These statements are made as of the date of this press release, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Connect with Deema.Kingsmill-Moore@marriott.com

08/15/2014

Newly Constructed Protea Hotel Opens in Elite Suburb in Lagos, Nigeria

Lagos, Nigeria, Protea Hotel Select Ikeja Aug 2014August 2014 - Nigeria’s new 117-room Protea Hotel Select Ikeja opens its doors this week in the upmarket Lagos suburb of Ikeja.

The internationally competitive hotel is just a stone’s throw away from Ikeja City Mall & Lagos State Secretariat, and a mere 5.2km away from Murtala Muhammed International Airport. 

Accommodation at Protea Hotel Select Ikeja caters for corporate travellers with a variety of room types to suit GUESTS’ needs, as well as a comfortable restaurant, bar and conference facilities for close to 60 people.

President and Managing Director of the Middle East and Africa of Marriott International Inc., Alex Kyriakidis says, “Marriott International’s fast growing footprint across the Middle East and Africa is a response to the potential we continue to observe in the region.  At present we are seeing strong GDP growth across sub-saharan Africa which translates into opportunity for our industry. Nigeria is one of our key markets and presents tremendous opportunity for us with the existing hotels we have in Lagos, as well as the strong pipeline of hotels that are coming up by 2018.”

Protea Hotel Select Ikeja guest roomThe hotel accommodation comprises 75 classic rooms, 8 inter-leading twin bedrooms, 24 deluxe rooms, 8 suites which feature open plan lounge and dining rooms separate from the bedrooms, and 2 universal accessible rooms. All rooms have en-suite bathrooms, mini-bar fridges, satellite TV, work stations and tea/coffee making facilities.

Conference facilities consist of one conference room seating a maximum of 50 delegates depending on the seating arrangements and one small private boardroom seating a maximum of 6 delegates.

The hotel’s restaurant serves breakfast, lunch and dinner and has a strong focus on local and continental cuisine. The bar is open 24 hours a day, though, offering a Poolside menu, and room service is also available around the clock.

Other hotel facilities include a shuttle service, secure open parking, and laundry service as well as free Wi-Fi access.

Protea Hotels Director of Sales, Marketing and Revenue, Danny Bryer, says Nigeria’s rapidly growing economy is prompting the need for more hotels.

"Nigeria is Africa’s largest economy with numerous industries supporting ongoing economic expansion. We consider Nigeria to be one of our most important development markets and we’d like to at least double the number of Protea Hotels there in the next 5 years.

“We have absolutely no doubt that the hotel will be running at close to capacity within a couple of months.”

The sleek, modern lines of the public areas’ earthy-toned décor is mirrored in the bedrooms, which are decorated in a neutral palate with splashes of warm colour to bring life to the rooms.

As well as the Protea Hotel Select Ikeja the group has five more hotels in the pipeline for Nigeria, these are:

- A 155-room African Pride Avalon Hotel & Spa (2015)
- A 150-room Lagos Marriott Hotel, Victoria Island (2016)
- A 250-room Courtyard by Marriott Abuja (2018)
- A 100-unit Marriott Executive Apartments Abuja (2018)
- A 250-room Lagos Marriott Hotel, Ikeja GRA (2018)

About Protea Hotels:
Protea Hotels is Africa's largest and leading hotel group and has a footprint of more than 116 properties throughout South Africa and six other African countries, including Zambia, Nigeria, Namibia, Ghana and Uganda amongst others. Each hotel is uniquely different in character and the collection ranges from urban accommodation to country retreats, all in the 3 and 4-star markets. Protea Hotels is the winner of 2 World Travel Awards for Best Hotel Group in Africa, winner of 3 Sunday Times Markinor Top Hotel Brand Awards, the winner of 5 Coolest Hotel Group awards in the Sunday Times Generation Next surveys and the winner of the Ask Africa South African Customer Service Award 2013. The hotel group was bought by Marriott International in April 2014 and forms part of Marriott’s global brand portfolio made up of 18 brands that operate more than 4 000 hotels in 79 countries. Follow us on twitter@ProteaHotels

About Marriott International:
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda, Maryland, USA, with more than 4,000 properties and 690,000 rooms in 78 countries and territories.  Marriott International reported revenues of nearly $13 billion in fiscal year 2013.  The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands, including: Marriott Hotels, The Ritz-Carlton, JW Marriott, Bulgari, EDITION, Renaissance, Gaylord Hotels, Autograph Collection, AC Hotels by Marriott, Moxy Hotels (expected opening in 2014), Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, Protea Hotels,  Marriott Executive Apartments and Marriott Vacation Club timeshare brand.  Marriott has been consistently recognized as a top employer and for its superior business ethics.  The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 45 million members.  For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Connect with deema.kingsmill-moore@marriott.com 

08/04/2014

Marriott’s CEO Charts Exponential Hotel Growth in Africa 2014-2020, Tripling Jobs

Lodging Leader to Talk About Business and Tourism Opportunities at US-Africa Business Forum

Protea Umhlanga_Ridge_exteriorBETHESDA, MD, USA – August 4, 2014 – Joining U.S. President Barack Obama, 200 corporate CEOs from the U.S. and Africa and over 45 African heads of state at the US-Africa Business Forum tomorrow, Marriott International, Inc. (NASDAQ: MAR) President and CEO Arne Sorenson will share the company's plans to reach over 150 hotels across 16 African countries, resulting in more than 25,000 jobs, between 2014-2020.

This growth comes on a base of 14 hotels and 10,000 employees prior to the company’s acquisition of South Africa’s Protea Hotel Group in April. The Protea investment lifted Marriott into position as the largest hotel company in Africa, with the addition of 116 managed and franchised hotels, approximately 10,000 rooms and 15,000 employees across seven countries in sub-Saharan Africa.

Protea interior guest roomIn addition to its recent Protea acquisition, Marriott International has plans to open nearly 40 additional hotels with more than 6,000 rooms, adding more than 10,000 employees, at both its managed and franchised hotels in the following 13 African countries by 2020: Algeria, Benin, Egypt, Ethiopia, Ghana, Gabon, Mauritius, Morocco, Nigeria, Rwanda, South Africa, Tunisia, and Zambia.

Sorenson discussed Marriott’s commitment to Africa and support of the growing travel industry by easing travel to and within the continent: “It’s a great time to do business in Africa and Marriott is at the table helping to lead the discussion on trade and investment across the continent. African leaders are looking at ways to spur economic growth by lowering barriers, such as onerous visa regimes. Travel is trade and the more Africa embraces Smart Travel policies that encourage the free flow of people, the quicker growth will come,” says Sorenson.

In Rwanda, Marriott has partnered with a vocational school, Akilah Institute for Women, to bring 41 women from the school to work and train in Marriott hotels in Dubai. The women are getting on-the-job skills, leadership training, and will be prepared after 18 months to return, as part of the management team, in 2016 to open the company’s first new-build Sub-Saharan Africa hotel – the Kigali Marriott Hotel.  

“Africa is going through an economic transformation,” says Sorenson. “Coupled with that transformation is a mutual promise for opportunity that Africa holds—for us as a business and for the people who are hired, trained and work in hotels across our portfolio. For them, it is like hitting the lottery and shows what a powerfully good force travel can be in the world.”

Editor’s note:
Arne Sorenson will be available for media interviews during the US-Africa Leaders Summit.
Tuesday, August 5, 2014
Mandarin Oriental
1330 Maryland Avenue, SW
Washington, DC 20024
12:00 noon
The Muze

Contact: felicia.mclemore@marriott.com or +1.301.380.2702

# # #

NOTE: The statements about Marriott’s plans for growth in Africa are “forward looking statements" within the meaning of federal securities laws, not historical facts, and are subject to a number of risks and uncertainties, including supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth; and other risk factors identified in Marriott International, Inc.'s most recent quarterly report to the US Securities and Exchange Commission on Form 10-Q; any of which could cause actual results to differ materially from those expressed in or implied by our statements. These statements are made as of the date of this press release, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda, Maryland, USA, with more than 4,000 properties in 79 countries and territories.  Marriott International reported revenues of nearly $13 billion in fiscal year 2013.  The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands, including: Marriott Hotels, The Ritz-Carlton, JW Marriott, Bulgari, EDITION, Renaissance, Gaylord Hotels, Autograph Collection, AC Hotels by Marriott, Moxy Hotels (expected opening in 2014), Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, Protea Hotels, Marriott Executive Apartments and Marriott Vacation Club timeshare brand.  Marriott has been consistently recognized as a top employer and for its superior business ethics.  The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 45 million members.  For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

05/22/2014

Protea Hotels Go Live on Marriott.com

Protea-Hotels-on-m-com

Dubai, UAE and Bethesda, Md., May 22, 2014 - Marriott International, Inc. (NASDAQ: MAR) announced that from today Protea’s portfolio of hotels will be available for booking on the Marriott.com website, as well as through Marriott Global Reservations Offices. Marriott recently completed the approximately US$200 million acquisition of Protea Hotels and its sub-brands, African Pride Hotels and Protea Hotel Fire & Ice! in a move that secured its position as the largest hotel operator on the African continent. Today’s announcement marks the latest phase in the integration of Protea Hotels within the Marriott International portfolio of brands. Download images.

Marriott - PHFICTIn the first quarter of 2014, Marriott.com accounted for more than 26 percent of Marriott International’s roomnight bookings worldwide, or one-third of the company’s transient business. In addition, 40 percent of Marriott.com traffic came from mobile devices.

Marriott - AP15oOPrior to the acquisition, Marriott International was already operating 10 hotels across the African continent, but Protea adds a further 116 properties bringing the total Middle East and African presence to 162 properties in 18 countries. Marriott International’s pioneering strategic move into Africa is set against a backdrop of burgeoning economic growth throughout the continent, with the World Bank expecting in excess of 5 percent growth in sub-Saharan Africa through 2015.

Alex Kyriakidis, President and Managing Director of Marriott International Middle East and Africa commented on the announcement saying, ‘I am delighted that just a few weeks after the acquisition of Protea Hotels our valued guests have access to the portfolio of hotel options continent-wide and globally across our entire range of brands. Clearly this has been an unprecedented growth phase for our regional business but this is only given context and meaning when we can connect our guests with the experience. This is happening now and it heralds the start of a completely new chapter in the history of Marriott International.’

Marriott.com is ranked as one of the world’s largest consumer retail sites, and accounts for US$1.3 billion of revenue annually for bookings outside the United States of America. In addition to the www.marriott.com website, Marriott operates 10 language sites which includes Arabic, Chinese, French, German, Italian, Japanese, Korean, Portuguese, Russian and Spanish.

Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda, Maryland, USA, with more than 4,000 properties, and more than 690,000 rooms in 77 countries and territories. Marriott International reported revenues of nearly $13 billion in fiscal year 2013. For more than 80 years, the company has been committed to guest satisfaction, and operates and franchises hotels under 17 brands, including Marriott Hotels, The Ritz-Carlton, JW Marriott, Bulgari, EDITION, Renaissance, Gaylord Hotels, Autograph Collection, AC Hotels by Marriott, Moxy (expected opening in 2014), Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, Protea Hotels, and Marriott Executive Apartments, and licenses vacation ownership resorts under the Marriott Vacation Club brand. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 45 million members. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Connect with deema.kingsmill-moore@marriott.com

05/07/2014

A Treasure Trove of Summer Experiences From The Ritz-Carlton Hotels of the Middle East

Treasure-Trove‘Intrigue You’ packages offered across the region to provide luxury travelers with memories that outlast the summer season. 

Dubai, UAE, May 7, 2014The Ritz-Carlton Hotel Company unveiled its latest vacation offering in the Middle East today, with the launch of the ‘Intrigue You’ package, designed to intrigue, surprise and delight. With many residents from across the GCC looking for an opulent break within the region or a short staycation, the luxury hotel operator has promised to deliver individual and tailored experiences, to create memories that last long after the summer has gone.

Each hotel provides its own unique identity and an experience for every global traveler; from properties steeped in local traditions, to bustling city hotels and superlative beach resorts. The package offers guests the chance to book two nights’ accommodation, and receive a third night with the compliments of The Ritz-Carlton. Guests will also enjoy daily breakfast and a raft of additional added value, depending on the individual hotel, including internet access and a range of spa and dining offers.

Available at seven hotels and resorts across the Middle East; from the cooler climes of the magical Al Bustan Palace, Muscat, to resort experiences at The Ritz-Carlton, Bahrain and The Ritz-Carlton, Abu Dhabi Grand Canal, both offering an exceptional array of restaurants, to bustling downtown Dubai at The Ritz-Carlton, Dubai International Financial Centre, minutes from key attractions, including the city’s best shopping and renowned art scene.  For a more traditional taste of the Arabian Gulf, guests can immerse themselves in Qatari culture at Sharq Village & Spa, explore the museums of Qatar from The Ritz-Carlton, Doha, or revel in luxury at the grand palace hotel in Saudi Arabia, The Ritz-Carlton, Riyadh.

To reserve the ‘Intrigue You’ package, being offered now until 31 August 2014, please visit http://www.ritzcarlton.com/en/Promotions/Taste_Genuine_Arabian_Hospitality.

About The Ritz-Carlton Hotel Company, LLC
The Ritz-Carlton Hotel Company, L.L.C., of Chevy Chase, Md., currently operates 85 hotels in the Americas, Europe, Asia, the Middle East, Africa, and the Caribbean. More than 30 hotel and residential projects are under development around the globe. The Ritz-Carlton is the only service company to have twice earned the prestigious Malcolm Baldrige National Quality Award, an award that originated in 1987. Its purpose is to promote the awareness of quality excellence, recognize quality achievements of companies and publicize successful quality strategies. The Ritz-Carlton Hotel Company won the award in 1992 and 1999.

For more information, or reservations, contact a travel professional, call toll free in the U.S. 1-800-241-3333, or visit the company web site at www.ritzcarlton.com. The Ritz-Carlton Hotel Company, L.L.C. is a wholly-owned subsidiary of Marriott International, Inc. (NASDAQ:MAR).

Connect with sarah.walkerkerr@ritzcarlton.com

Marriott Hotels Puts the World in Your Hands – Expands Mobile Check-in and Checkout for Marriott Rewards Members to Nearly 500 Hotels

CheckIn_CHFor today’s global traveler, their smartphone is what links them to their world. To put even more power in the hands of travelers, Marriott Hotels, the flagship brand of Marriott International (NASDAQ:MAR) has expanded mobile check-in and checkout globally for Marriott Rewards members to nearly 500 hotels. This means Marriott Rewards guests from London to Dubai to Shanghai to Mexico City to New York can simply check-in and checkout using the wildly popular Marriott Mobile app on their smartphone. First introduced last year at its hotels in the United States and Canada, Marriott Hotels mobile check-in and checkout is now available in every continent where its nearly 500 properties are located.* 

With the Marriott Mobile app, check-in and checkout is simple to use. Marriott Rewards members receive a push notification on their Apple iPhones or Android devices after 4 pm on the day before their arrival alerting them they can check-in. Then they receive an automatic notification when their room is ready. Because payment information is stored within members profiles, guests simply walk up to the expedited mobile check-in desk where their pre-programmed key card will be waiting for them.

CheckOut_ESAt the end of their stays, guests receive a push notification alerting them mobile checkout is available. Upon completion, guests will then be prompted to provide an email address where their bill will be sent, allowing them to bypass the front desk.

“When we first began testing mobility, we went straight to the experts, our guests, who told us they wanted the power to check-in and checkout on their smartphones,” said Paul Cahill, senior vice president of brand management for Marriott Hotels. “Among Millennials, nine out of ten who tried mobile check-in and checkout for the first time gave it high marks and said they would use it again for their next stay.”

The Marriott Mobile app can be downloaded from the Apple iTunes Store, Google Play and by going to:  http://www.marriott.com/marriott/mobile-apps.mi. These sites also enable easy enrollment in the Marriott Rewards and travelers can learn more about mobility at Marriott Hotels at http://travel-brilliantly.marriott.com/.

The Marriott Hotels mobile innovation does not stop at check-in and checkout. For a glimpse into the future, 15 mobile “incubator” hotels in the U.S. are among the first in the industry enabling guests to text service requests, such as additional towels and pillows and valet service, and chat with the hotel’s hosts in real time.  Marriott Hotels is on a journey of transformation to make travel brilliant. Other innovations include the fully re-designed Greatroom lobby that features an open and flexible lobby space for guests to use for business, leisure or time to themselves. Stylish, modern, comfortable and welcoming, the Greatroom lobby offers all day menus for light bites and meals and full access to technology from free Wi-Fi to electrical power points. Additionally, as the industry leader in hosting meetings, Marriott Hotels has introduced new concepts for the mobile worker including Meetings Imagined, the Meeting Services App (Red Coat Direct) and Workspace on Demand.

*Regulations in Armenia, France, Italy, Kazakhstan, Portugal, Poland, Russia, Spain and Turkey allow for mobile check-in but require guests to checkout with the front desk. Mobile check-in and checkout is not available in Japan.

About Marriott Hotels
With more than 500 hotels and resorts in nearly 50 countries around the world, Marriott Hotels is evolving travel through every aspect of the guest’s stay, enabling the next generation to Travel Brilliantly. Boldly transforming itself for mobile and global travelers who blend work and play, Marriott leads the industry with innovations, including the Greatroom, Future of Meetings and Mobile Guest Services that elevates style & design and technology. All Marriott hotels participate in the award winning Marriott Rewards frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information, visit www.MarriottHotels.com. To join the ongoing Marriott conversation, like us on Facebook (Facebook.com/Marriott) and follow us on Twitter (Twitter.com/Marriott, @Marriott).

Visit Marriott International, Inc. (NASDAQ: MAR) for company information. For more information or reservations, please visit our web site at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Connect with john.wolf@marriott.com

 

04/01/2014

Marriott International Completes Acquisition of Protea Hospitality Group; Becomes the Largest Hotel Company in Africa

Protea HotelsBethesda, Md., USA  and Cape Town, April 1, 2014 – 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. [Link to Protea images and b-roll: http://postspots.com/d/j/39d6ba852b.]

 

At the same time, Marriott said that its pipeline of new hotels in the Middle East and Africa, including Protea’s pipeline, is now more than 65 hotels and 14,300 rooms, including more than  20 hotels and 3,000 rooms in Sub-Saharan Africa.

Protea_umhlanga_ridge_exteriorMarriott’s new Protea portfolio consists of 10,148 rooms in seven African countries including South Africa.  The company now manages, franchises and leases hotels across the Protea Hotels brand (103 hotels), comprising a full and diverse range of outstanding hotels and resorts; the award-winning lifestyle boutique Protea Hotel Fire & Ice! (2 hotels); and the superior deluxe African Pride Hotels collection (11 hotels).  In addition to its industry-leading 79 hotels in South Africa, Marriott’s Protea portfolio also has 37 hotels in Malawi, Namibia, Nigeria, Tanzania, Uganda and Zambia.  

Marriott International 1st April 2014 infographic_ENG_FINALArne Sorenson, Marriott International’s president and chief executive officer, said, “Today marks a new beginning.   We can now officially say ‘molweni!’ (Xhosa), ‘sawubona!’ (Zulu) and ‘hello!’  to South Africa and ‘welcome!’ to our approximately 15,000 new associates at both managed and franchised hotels across Protea’s portfolio.   We look forward to integrating the superb Protea team into the Marriott International family, and together, to work toward new opportunities for growth and advancement throughout  South Africa and the continent.” [Double click infographic to enlarge.]

 

Alex Kyriakidis, president and managing director of Marriott International’s Middle East and Africa (MEA) region, said, “Today is the culmination of months of highly productive collaboration between Protea and Marriott International teams.  We are delighted that such a tremendously dedicated, talented and effective team, which has been so well-led by Protea Chief Executive Officer Arthur Gillis, is now joining the Marriott International family.  With the addition of Protea’s regional knowledge, expertise and infrastructure, we are incredibly well-positioned to continue growing in one of the fastest expanding economic markets in the world.”

According to the World Bank, Sub-Saharan Africa is expected to grow at a more than 5 percent pace through 2015. 

Mr. Kyriakidis said that Mr. Gillis will become Non-Executive Chairman, Africa Development for Marriott International, focusing on exploring opportunities for new African hotel growth for all of Marriott International’s brands.  In addition, Mark Satterfield, currently chief operations officer for Marriott International’s MEA region, will relocate to Cape Town, Protea’s headquarters, to act as business leader overseeing the integration of the two companies.   He will continue to report to Mr. Kyriakidis.

As previously disclosed, Marriott paid approximately 2.02 billion rand, or approximately US $200 million at current exchange rates, which represents roughly 10 times anticipated pro forma 2014 calendar year EBITDA (earnings before interest, taxes, depreciation and amortization) excluding transaction costs.

As part of the transaction, the previous owners of Protea Hospitality Group created an independent property ownership company that retained ownership of the hotels PHG formerly owned, and entered into long-term management and lease agreements with Marriott for those hotels.  The property ownership company also retained a number of minority interests in other Protea hotels.  Marriott now manages approximately 45 percent of Protea’s rooms, franchises approximately 39 percent, and leases approximately 16 percent.

Marriott expects that the Protea portfolio will be available for booking on Marriott.com or via Marriott International’s Global Reservations Centers toward the end of May, and the hotels will join the Marriott Rewards guest loyalty program at a later point, to be announced.   Until then, please go to www.Proteahotels.com for reservations. 

Marriott does not expect the Protea acquisition to have a material impact on 2014 earnings.

Marriott International, Inc. (NASDAQ: MAR)  is a leading lodging company based in Bethesda, Maryland, USA, with reported revenues of nearly $13 billion in fiscal year 2013.   Marriott International operates and manages hotels and licenses vacation ownership resorts, which, in total, comprise more than 4,000 properties in 79 countries.  There are approximately 330,000 employees at headquarters, and at managed and franchised properties.  Marriott is consistently recognized as a top employer and for its superior business operations, which it conducts based on five core values: put people first, pursue excellence, embrace change, act with integrity, and serve our world. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com

Note on forward-looking statements: This press release contains “forward-looking statements” within the meaning of U.S. federal securities laws, including our expectations for opening new hotels in Sub-Saharan Africa, Protea’s anticipated proforma 2014 EBITDA and EBITDA multiple; and the dates we anticipate that PHG’s hotels will be available for booking on Marriott.com and begin participating in Marriott Rewards, and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with franchisees and property owners; the availability of capital to finance hotel growth; the time needed to implement new technology systems; and other risk factors that we identify in our most recent annual report on Form 10-K.  Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these forward-looking statements as of the date of this press release. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Contacts:
Felicia McLemore
(301) 380-2702
felicia.mclemore@marriott.com 

Tom Marder
(301) 380-2553
thomas.marder@marriott.com

 

03/25/2014

Marriott International Expands its Courtyard Footprint in Central India, with Opening of Business Hotel in Bilaspur - in Chattisgarh

Courtyard by Marriott Bilaspur lobbyChattisgarh, India, March 26, 2014– Marriott International strengthens its presence in Central India with the introduction of its Courtyard by Marriott brand - a premium business hotel strategically located in the commercial district of Bilaspur, which will cater to discerning business visitors and locals alike.

The Courtyard by Marriott, Bilaspur officially opened its doors in the presence of Dr. Raman Singh, Honorable Chief Minister of Chattisgarh making it the 11th Courtyard in India. The brand is already present in Mumbai, Chennai, three in Pune, Ahmedabad, Hyderabad, Gurgaon, Kochi and Bhopal.

Speaking on the occasion Mr. Rajeev Menon, Area Vice President, South- Asia, Marriott International Inc, said, “In recognition of the growing popularity and potential of certain key markets in Central India, we decided to enter Bhopal with the Courtyard brand.  Our entry now into Bilaspur is a continuation of that specific growth strategy.  Central India has been growing and attracting business visitors in a big way and Bilaspur being the country’s largest power generating hub is a city that is rapidly growing and offering numerous business opportunities.  It is our endeavor to offer Bilaspur’s visitors –  a hotel that offers the best in hospitality like only Marriott can, thereby giving them an experience that makes their stay comfortable and memorable.”

Courtyard understands business travelers and through continuous research, the brand constantly evolves to meet guests’ changing needs. Combining innovative technology with style and comfort, the adaptable lobby space offers options so guests can make the most of their time on the road.

On behalf of the owners, of the Courtyard By Marriott Bilaspur Mr. Sanjay Gupta (Director of City Mall 36) said, “Marriott® is an international lodging leader, with more than 3,900 properties and the broadest portfolio of brands in the industry. We are delighted to partner with this renowned hospitality major to bring the first international business hotel to our city. Bilaspur is home to people and business visitors who recognize great value and service and hence, we are positive this hotel is sure to meet their every requirement.”

Speaking on the occasion of the launch, Mr. Amit Midha, General Manager, Courtyard by Marriott, Bilaspur, said, “Marriott’s entry into this dynamic and growing city is our attempt to offer visitors and guests a business hotel that offers smart and innovative hospitality, ensuring the right mix of services that would help guests maintain a good work balance and thrive during their stay.”

Courtyard by Marriott Bilaspur guestroomCourtyard by Marriott, Bilaspur offers a choice of 106 (including 70 deluxe rooms, 30 superior rooms, 2 junior suites and 4 courtyard suites) well lit spacious rooms with natural lighting and contemporary décor. All the rooms are amongst the most spacious one will find in the city and are thoroughly equipped with state-of-the-art modern amenities.

Guests will be captivated with a wide and exciting array of international and regional cuisines at the hotel. It offers an incredible gourmet experience with its trademark restaurant, MoMo Café. In addition, the property has MoMo 2 Go for those on the move; MoMo 2 You for a dining experience in the comfort of one’s own room and Bar Thirty Six to relax and unwind over refreshing drinks.

The Courtyard by Marriott, Bilaspur features the only banquet space in the city with a pre-function area and largest indoor halls that comfortably accommodate over 1000 people thereby making it the preferred choice for a professional business activity or a personal celebration for friends and family.  One-on-one business meetings will be a seamless and smooth experience thanks to the range of facilities that each of the meeting rooms offer to guests.

The Courtyard by Marriott, Bilaspur is thoughtfully designed to assist guests with their requirements, with stimulating environments and an enthusiastic staff to ensure nothing comes in the way of the guest having the best hospitality experience ever!

Courtyard by Marriott offers a refreshing environment that helps guests stay connected, productive and balanced. Intuitive services and design accommodate guests’ needs for choice and control. With more than 950 locations in 38 countries and territories, Courtyard hotels participate in the award-winning Marriott Rewards® frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information or reservations, contact the Courtyard by Marriott Bilaspur directly at (+91- 7752 432222) , call the Courtyard toll-free number at 800-321-2211, visit www.courtyardshatin.com  or become a fan at www.facebook.com/courtyardshatin

Visit Marriott International, Inc. (NASDAQ: MAR) for company information. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Connect with Noelle.rocque@marriott.com

 

01/22/2014

Marriott Signs Definitive Agreements to Acquire Protea Hospitality Holdings

Protea-HotelsBethesda, Md., USA and Cape Town, January 22, 2014 –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.  [Click here for images and b-roll.]

Under terms of the agreements Marriott will pay approximately 2.02 billion rand, or approximately US $186 million at current exchange rates, subject to normal closing adjustments.  The purchase price represents approximately 10 times anticipated pro forma 2014 calendar year EBITDA (earnings before interest, taxes, depreciation and amortization) excluding transaction costs.

The transaction is subject to receipt of certain third party and governmental consents, including exchange control approval from the South African Reserve Bank and competition approval from the South African Competition Commission and the Common Market for Eastern and Southern Africa (“COMESA”) and satisfaction of other customary conditions for transactions of this kind.  Assuming these conditions are met, Marriott and Protea plan to close the transaction on April 1, 2014.  Marriott does not expect the transaction will have a material impact on its 2014 results.

Protea has 116 hotels with 10,148 rooms in seven African countries including South Africa.  At closing, Marriott will become the largest hotel company in the Middle East & Africa region, nearly doubling its distribution there to more than 23,000 rooms.   

As part of the transaction, Protea Hospitality Holdings will create a property ownership company to retain ownership of the hotels it currently owns, entering into long-term management and lease agreements with Marriott for such hotels.  The property ownership company will also retain a number of minority interests in other Protea-managed hotels.  At closing Marriott will manage approximately 45 percent of the rooms, franchise approximately 39 percent of the rooms, and lease approximately 16 percent of the rooms. 

Marriott and Protea announced on November 7, 2013 their intent to enter into this transaction.

Note on forward-looking statements: This press release contains “forward-looking statements” within the meaning of U.S. federal securities laws, including the parties’ plans for closing on the definitive transaction documents; the resulting impact on the size of Marriott’s operations in Africa; our expectations for Protea’s proforma 2014 EBITDA and EBITDA multiple; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including the ability of the parties to agree on definitive transaction documents, the receipt of necessary consents, and other risk factors that we identify in our most recent quarterly report on Form 10-Q.  Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these forward-looking statements as of the date of this press release. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

About Marriott:  Marriott International, Inc. (NASDAQ: MAR) is a leading lodging company based in Bethesda, Maryland, USA, with nearly 3,900 properties in 72 countries and territories and reported revenues of nearly $12 billion in fiscal year 2012.  The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

About Protea Hotels: Protea Hotels is the largest and leading hotel group in Africa with the most extensive footprint; more than 116 hotels throughout South Africa and six other African countries, including Zambia, Nigeria, Namibia, Malawi, Uganda and Tanzania. The company was founded in 1984 and has grown its portfolio and brands since. The group comprises of two brands, namely the mid-up market Protea Hotels (including the lifestyle brand Protea Hotel Fire & Ice!) brand and the superior deluxe African Pride Hotels, Lodges and Country Houses brand. 

Protea Hotels is the winner of 2 World Travel Awards for Best Hotel Group in Africa, winner of 3 Sunday Times Markinor Top Hotel Brand Awards, the winner of 4 Coolest Hotel Group awards in the Sunday Times Generation Next surveys and the winner of the Ask Africa South African Customer Service Award 2013.

For more information or reservations, please visit our website at www.proteahotels.com, and for the latest company news, visit www.proteahotels.com/pressroom/Pages/pressroom.aspx

CONTACTS: 
Tom Marder, (301) 380-2553, thomas.marder@marriott.com
Felicia McLemore, (301) 380-2702, felicia.mclemore@marriott.com

 

01/14/2014

Marriott International Kicks Off 2014 With Two New Dubai Properties

Dubai-Marriott-Al-Jaddaf-Hotel-Lobby-Dubai Marriott Hotel Al Jaddaf and Marriott Executive Apartments Al Jaddaf Open Doors in January.

DUBAI, United Arab Emirates – January 14, 2014 – Marriott International has announced the opening of two new properties in Dubai to kick start the expansion of its ever growing pipeline across the Middle East and Africa. The two properties carry the company’s signature brand, Marriott Hotels, as well as its upscale serviced apartments brand, Marriott Executive Apartments, which are situated in close proximity to Dubai’s MEA Al Jaddaf 1 Bedroom Living and KitchenRoyal residence, Zabeel Palace, and offer beautiful scenic views of the city landscape of Sheikh Zayed Road, Business Bay and the world’s tallest building, Burj Khalifa. Conveniently, the Dubai Marriott Hotel Al Jaddaf and Marriott Executive Apartments Dubai Al Jaddaf are a mere 10 minutes from each of these locations as well as Dubai International Airport, Dubai Mall and the Gold Souk.

“It is an exciting time for Marriott International as we start off the year opening two beautiful properties in Dubai. The Dubai Marriott Hotel Al Jaddaf is our first of many future properties that are aligned with the brand’s new positioning and strategic direction, while the Marriott Executive Apartments Dubai Al Jaddaf further strengthens our footprint in the region’s extended stay segment,” said Alex Kyriakidis, President and Managing Director, Marriott International Middle East and Africa.  “We are delighted to be working with our partners, Nilona Holding, owners of the Dubai Marriott Hotel Al Jaddaf and Marriott Executive Apartments Dubai Al Jaddaf, to open these two attractive properties, which are in line with Dubai’s projected industry growth over the next few years as we move towards Expo 2020.”

The Dubai Marriott Hotel Al Jaddaf is the first Middle East and Africa property to open as per the new brand transformation that Marriott Hotels has been going through globally since last year. This includes not only a new logo which keeps the iconic “M,” while modernizing its overall appeal, but also an ongoing innovation throughout its hotels around the world, with re-designed lobbies and public spaces known as ‘Greatrooms’ and introducing a mobile check-in application, all of which are rapidly being deployed for the next generation of travelers who blend work and play, demand style and substance, and require technology, and feature in the new Dubai Marriott Hotel Al Jaddaf.  Marriott Hotels has also launched a multi-year campaign called ‘Travel Brilliantly’ (www.travelbrilliantly.com); all done in a bold move to amplify the brand’s dedication to the future of travel.

The Marriott Hotels brand currently has 16 hotels in seven countries across the Middle East and Africa, with over 5000 rooms. By 2017, there will be a further twelve properties across the region, raising the room count by nearly 3000 rooms. 

The Dubai Marriott Hotel Al Jaddaf has 352 rooms across eight floors with 192 Deluxe King and 107 Deluxe Double rooms, including 39 Executive Suites, two Zabeel Suites and an exceptional Presidential Suite. Each space is designed for functionality and leisure with state-of-the-art technology, wired and wireless Internet and spacious amenities. The hotel also offers 14 elegant, meeting rooms as well as the magnificent Zabeel ballroom, which can accommodate up to a maximum of 540 persons.

The property boasts seven distinct restaurants, lounges and bars. Offering cuisines from around the world including Asian, European, Middle Eastern and a new American/Scottish concept, the hotel caters to the most discerning connoisseur and to guests looking for a relaxed meal.

Marriott Executive Apartments Dubai Al Jaddaf is the brand’s sixth property in the region; with a further six set to open across the Middle East and Africa by 2017. Introduced in 1997 to the Marriott International portfolio, Marriott Executive Apartments is the company’s only corporate apartment brand designed to provide upscale residential living. Personalized service and the assurance of a Marriott experience allow guests to achieve what they need to in an environment that has all of the comforts of home. Marriott Executive Apartments Dubai Al Jaddaf has 128 fully furnished apartments including one, two and three bedrooms providing the space, ambience and privacy of a home away from home.

About Marriott Hotels

With 500 hotels and resorts in nearly 60 countries around the world, Marriott Hotels is evolving travel through every aspect of the guest’s stay, enabling the next generation to Travel Brilliantly. Boldly transforming itself for mobile and global travelers who blend work and play, Marriott leads the industry with innovations, including the Greatroom, Future of Meetings and Mobile Guest Services that elevates style & design and technology. All Marriott hotels participate in the award winning Marriott Rewards frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information, visit www.MarriottHotels.com.

To join the ongoing Marriott conversation, like us on Facebook (Facebook.com/Marriott) and follow us on Twitter (Twitter.com/Marriott, @Marriott).

About Marriott Executive Apartments
Marriott Executive Apartments (MEA) are international, upscale serviced apartments designed for executive expats staying 30+ nights when traveling to key international gateway cities on a temporary assignment or relocation.  The brand offers studios to three-bedroom apartments, all with full kitchens and fully furnished with plenty of space for living, working and relaxing.  Marriott currently offers over 20 properties in 16 countries outside the United States with a strong pipeline in the Middle East and Asia.
Marriott Executive Apartments strives to be the #1 global brand for extended stay.
MEA locations on www.Marriott.com

Visit Marriott International, Inc. (NASDAQ: MAR) for company information. For more information or reservations, please visit our web site at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Connect with deema.kingsmill-moore@marriott.com