Marriott News Center

37 posts categorized "Middle East & Africa"

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
[email protected] 

Tom Marder
(301) 380-2553
[email protected]

 

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 [email protected]

 

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, [email protected]
Felicia McLemore, (301) 380-2702, [email protected]

 

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 [email protected]

12/06/2013

Marriott CEO Discusses Company's Move to NASDAQ and African Hotel Deal (Video)

NASDAQ Closing Bell

Arne Sorenson talks about why Marriott made the switch to NASDAQ and the company's plan to become the largest hotel company in Africa.

 

  

  

 

 

11/26/2013

Mobile Check-In Goes Global at Marriott Hotels

Iphone5-7[15]Now available in 19 countries worldwide with more to follow.

The faster, easier and more convenient mobile check-in from Marriott Hotels, the signature brand of Marriott International is now available at 20 additional Marriott hotels* in 19 countries including United Kingdom, Mexico, United Arab Emirates and India.  First launched at 329 hotels in the U.S. and Canada, the mobile check-in feature on the Marriott Mobile App has expanded internationally, representing the broadest mobile offering of its kind in the lodging industry.

http://www.marriott.com/marriott/mobile-check-in-marriott-hotels-and-resorts.mi

According to research by GroupM Next*, 57 percent of business travellers aged 21-39 use their smartphone to book a hotel.  These younger travellers are also more likely to use mobile devices to enhance their travel experiences.  Marriott Hotels expects to complete the full global roll out of mobile check-in at all 500 hotels, as well as offer check-out functionality, in the first half of 2014.  

With the Marriott Mobile App, check-in is simple.  Marriott Rewards members, who have downloaded the app, can check-in through a smartphone as early as 4 pm the day before arrival, receiving an automatic notification when the room is ready. On arrival, Marriott Rewards guests simply go to the expedited mobile check-in desk where a key card will be ready and waiting. 

“As Marriott developed the app and tested mobile check-in, we engaged customers, asking for their feedback to perfect the experience and learn what mattered most to them,” said Paul Cahill, senior vice president of brand management for Marriott Hotels. “Mobile check-in is just the start.  Our guests are more mobile and global than ever before and technology is increasingly important to them, which is why we will add check-out next year.  We will continue to solicit feedback from our guests as we enhance the travel experience with Marriott.”

The brand’s mobile innovation will continue as Marriott Hotels has launched 12 mobile “incubator” hotels in the U.S. to test future mobile enhancements. Guests at those hotels can make service requests using their smartphones. The most popular guest requests so far include additional towels, wake-up calls and housekeeping.

Further innovations from Marriott Hotels

  • Future of Meetings – Marriott Hotels is introducing a number of initiatives to refresh meetings.  New meeting spaces with stylish design, natural light, flexible seating and wireless or web enabled technology enable planners and attendees to focus on the meeting objectives.  Marriott properties in Munich and Amsterdam feature the new design with the London Kensington Marriott and Paris Marriott Rive Gauche following early next year.  The Red Coat Direct app enables meeting organisers to adjust and edit their meeting requests and preferences with a touch of a button and without ever leaving the meeting room.  Currently available in 35 Marriott hotels in Europe, Red Coat Direct will roll-out globally in early 2014.   
  • Greatroom lobby concept - An open and flexible lobby space for guests to use for business, leisure or time to themselves.  They will be stylish, modern, comfortable and welcoming with all day menus for light bites and meals and full access to technology from Wi-Fi to power points.  The brand expects to introduce the concept at every Marriott Hotel by the end of 2015
  • Guest room - In The Underground – the company’s subterranean innovation lab – Marriott Hotels is working on the next generation guest room.  The lab offers rapid prototyping with 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.com & Mobile
Mobile check-in is part of the free Marriott mobile app available in the Apple iTunes Store and Google Play.  Learn more about mobile check-in at http://travel-brilliantly.marriott.com/our-innovations/check-in-app

The Marriott Mobile App has been downloaded over 2.5 million times, and Marriott.com receives over 4.5 million visitors a month from smartphones. 

*The 20 international hotels offering mobile check-in are:

Europe
• Bristol Marriott Royal Hotel
• Brussels Marriott Hotel
• London Marriott Hotel Grosvenor Square
• Prague Marriott Hotel
• Zurich Marriott Hotel

Asia Pacific
• Bangkok Marriott Hotel Sukhumvit
• Bangalore Marriott Hotel Whitefield
• Goa Marriott Resort & Spa
• Manila Marriott Hotel
• Singapore Marriott Hotel
• Sydney Harbour Marriott Hotel at Circular Quay

Caribbean & Latin America
• Bogota Marriott Hotel
• CasaMagna® Marriott Cancun Resort
• Panama Marriott Hotel
• Santiago Marriott Hotel
• San Juan Marriott Resort & Stellaris Casino

Middle East & Africa
• Amman Marriott Hotel
• Cairo Marriott Hotel & Omar Khayyam Casino
• Dubai Marriott Harbour Hotel & Suites

Hawaii
• Waikiki Beach Marriott Resort & Spa

*Source: GroupM Next, September 2013; GBTA, August 2013; blog.librarypd.com, July 2013

Visit Marriott International, Inc. (NYSE: 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.

11/20/2013

Courtyard by Marriott Jazan Opens its Doors to Welcome Guests

Courtyard by Marriott Jazan129 room hotel with meeting space, fitness center and 2 F&B outlets.

Courtyard by Marriott Jazan grand openingJazan, Kingdom of Saudi Arabia, 19 November 2013– During an opening ceremony attended by his Highness Prince Mohammad Bin Nasser Bin Abdel Aziz Al Saud the Emir (Prince) of Jizan Region and Alex Kyriakidis President and Managing Director Marriott International, Middle East & Africa - Marriott International announced the opening of the Courtyard by Marriott Jazan, owned by Abdulrahman bin Saad Al Rashid.  This is Marriott International’s first hotel in Jazan, the economic city in the Southwest of Saudi Arabia., and it is the second Courtyard by Marriott property in Saudi Arabia, as Courtyard by Marriott Riyadh Diplomatic Quarter opened last year.

Courtyard by Marriott Jazan is connected to Al Rashid Mall, located in the heart of the city nearby major shopping malls and downtown districts with easy access to and from the King Abdullah bin Abdul-Aziz airport.  It has 129 spacious guest rooms, including 86 king size rooms, 27 double / double rooms, 14 junior suite, 2 royal suite, two food and beverage outlets, Olea café and the lobby lounge, 24 hour room service, a fitness center including an indoor pool and seven executive meeting rooms that can accommodate a combined number or 565 guests.

Courtyard by Marriott Jazan openingAdel Jubran, General Manager at Courtyard by Marriott Jazan said: “We are excited that our new Courtyard is the first in our region following the global celebration of Courtyard by Marriott’s 30th anniversary which took place last month. This is a dynamic brand that is popular in Saudi Arabia, and we are excited to see its expansion in the Kingdom.”

Courtyard understands business travelers, and, through extensive research, the brand continues to evolve 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. Intuitive services accommodate guests’ desire for choice and control and allow them to use the public space and guest rooms to meet all of their needs while on the road.

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 web site at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Connect with [email protected].

11/07/2013

Marriott Signs Letter of Intent to Acquire Protea Hotel Group's Hotel Operations and Brands

Ph umhlanga ridge new ext Aug 2011 edit2Expects to Become Largest Hotel Company in Africa[**]

Bethesda, Md., Nov. 7, 2013 – Marriott International, Inc. (NASDAQ: MAR) today 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 rooms in South Africa and six other Sub-Saharan African countries.  The transaction would nearly double  Marriott’s distribution in Africa to more than 23,000 rooms, and would also provide Marriott with a proven operational platform and leadership team to accelerate Marriott’s expansion plans and solidify its leadership position in the dynamic and growing African hotel market. [Click here for images and b-roll.]

HamishNIVEN-Photography_np_6083-_np_6087-Edit_SRProtea Hotels, founded in 1984, manages, franchises and leases hotels across the Protea Hotels brand (104 hotels), comprising a full and diverse range of outstanding hotels and resorts; the award-winning lifestyle boutique Protea Hotel Fire & Ice! brand (2 hotels); and the superior deluxe African Pride Hotels collection (10 hotels).  In addition to its industry-leading 80 hotels in South Africa, Protea Hotels has a significant presence in Malawi, Namibia, Nigeria, Tanzania, Uganda and Zambia.
Arne Sorenson, president and chief executive officer of Marriott International, said, “Africa has significant untapped potential for travel and tourism, both as a destination and source of new global travelers.  The continent’s GDP is anticipated to grow at over five percent annually over the next several years which we expect will raise more people into the emerging middle class.  With the Protea Hotels acquisition, our expanded footprint should allow us to become the first choice of Africa’s rapidly growing population of young, sophisticated travelers, and drive loyalty to our Marriott Rewards program both within Africa and globally.   Protea Hotels enjoys unparalleled brand recognition in Africa, and our combined portfolio of Protea Hotels and current Marriott International brands would create a platform for accelerated growth and new job growth in South Africa and across the continent.” 

Alex Kyriakidis, president of Marriott International for the Middle East and Africa, said, “The development cycle for opening new hotels in Africa is typically long due to the challenges posed by emerging infrastructure, so joining forces with Protea Hotels and their highly respected management team is the strongest way to jumpstart Marriott’s footprint in Africa.  The Marriott Middle East and Africa management team can deliver value and greater growth for Protea’s hotel owners by leveraging these terrific brands, represented by 116 hotels and more than 10,000 rooms in seven countries, with Marriott’s global sales, marketing and development infrastructure.  We believe this would also result in more job creation in South Africa and across the continent.”

Arthur Gillis, chief executive officer of Protea Hospitality Group, said “Protea Hotels has grown organically to become the largest and leading hotel group in Sub-Saharan Africa. Aligning with a global giant such as Marriott ensures we can realise the Group’s full potential for all of our stakeholders. In Marriott we have found a perfect fit across culture, values and commitment to industry leadership which will ensure that we remain at the forefront of African hospitality.”

The otherwise non-binding letter of intent includes provisions that the parties will negotiate exclusively with each other.  The transaction is subject to completion of due diligence, negotiation and execution of definitive documents, receipt of customary third party and governmental consents and approvals and satisfaction of other customary conditions for transactions of this kind that the parties expect will be included in the definitive transaction documents.

The proposed terms of the transaction are not being disclosed at this time.  The parties stated that they plan to sign definitive agreements by year-end 2013 and the transaction could close in the first three months of 2014.   In any event, Marriott does not expect the transaction would have a material impact on its 2014 results.

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.

[**Defined by STR Global as the total of operating rooms and rooms under construction for Marriott International and Protea Hotels.]

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 signing and closing on definitive transaction documents; the resulting impact on the size of Marriott’s operations in Africa; 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.

Connect with [email protected], 301/380-2553 or [email protected], 301/380-2702

 

 

10/29/2013

Marriott International Expands Job Partnership for Young African Women

Global Hotel Company Will Bring 24 Additional Graduates from Akilah Institute for Women to Train and Work in its Dubai and Doha Hotels (Video)

Grad-pic-2-697x310Washington, D.C., Twenty-four young African women between the ages of 18 and 30 have been selected to participate in the job training partnership in Dubai and Doha launched in 2012 between Marriott International (NASDAQ: MAR) and the Akilah Institute for Women in Kigali, Rwanda. Upon their graduation in December, the new Kigali Marriott Hotel (1)Akilah graduates will join the first group of 17 young women, who began the training program in Marriott hotels in Dubai in the fall of 2012. All will return to Rwanda in 2014 to open Marriott's first hotel in Sub-Saharan Africa, the Kigali Marriott.

Among the new group of employees will be Cecile Musanase and Julian Kankunda, who will speak on October 30 at an event in Washington, D.C., at the Mayflower Renaissance Hotel to celebrate the partnership between Marriott and the Akilah. Also speaking will be U.S. Ambassador-at-Large for Global Women's Issues at the U.S. Department of State, Catherine Russell, former World Bank President Robert Zoellick, Akilah CEO and Co-founder Elizabeth Dearborn-Hughes, and Marriott executive Kathleen Matthews.

"Thanks to partnerships like Marriott, Akilah placed 100 percent of our first graduating class in jobs that are building sustainable careers in Africa," said Elizabeth Dearborn-Hughes. "These young women are thriving in their jobs at the hotels in Dubai and Doha, as they learn to become leaders for Marriott's expanding portfolio of hotels in Africa."
 
"Marriott is committed to investing in all the communities where we build hotels, including Africa," said Kathleen Matthews, Chief Communications and Public Affairs Officer at Marriott International. The Akilah partnership supports our strategy to serve our world, and meet our employment needs."

As Marriott increases its presence in Africa more than six-fold from ten to 33 hotels by 2018, it anticipates hiring nearly 10,000 employees, the majority of whom will be local residents.  “We want promising, local talent to welcome our guests.  We have found some of that talent through our partnership with Akilah,” said Gary Dodds, Marriott International’s vice president of human resources for the Middle East & Africa, who leads the program.  “As part of our commitment to young people in Africa, a partnership like that with Akilah is something we wish to consider at each of our hotel openings including in Ghana and Ethiopia where we have committed to build a hotel.” 

Opened in January 2010, Akilah offers a three-year business diploma with a focus in hospitality management, information systems or entrepreneurship.  The unique Akilah model emphasizes leadership and communication skills. Akilah works closely with the local private sector to develop market-relevant curricula and to ensure job placement for graduates in the fastest growing sectors of the economy.

The Kigali Marriott Hotel – owned by New Century Development Ltd. - will be the largest hotel in Rwanda at 250 rooms. 

Currently, in Africa, Marriott has ten properties in three countries, including The JW Marriott Hotel Cairo Mirage City in Egypt and the Renaissance Tlemcen in Algeria.  In addition to the Kigali Marriott Hotel, the company has 23 hotels in the Africa pipeline, 10 of which are in Sub-Saharan Africa, including the Accra Marriott Hotel in Ghana (2014), The Ritz-Carlton Reserve Tamuda Bay in Morocco (2014), the Courtyard by Marriott and Marriott Executive Apartment Addis Ababa in Ethiopia (2015), the Librevilla Marriott Hotel in Gabon (2015) and the Contonou Marriott Hotel in Benin (2015).

About Marriott International
Marriott International’s commitment to society blends corporate financial contributions with in-kind giving and the volunteer service of our associates around the world. We participate in efforts to provide shelter, food, and children's health, while creating career opportunities for our associates in the workplace and supporting education in the hospitality industry.  For more information about our social responsibility efforts visit www.marriott.com/socialresponsibility.

About Akilah Institute for Women
Akilah (which means “wisdom” in Swahili) is a college in Kigali, Rwanda, and Bujumbura, Burundi. Opened in January 2010, Akilah has developed a new model of higher education that emphasizes leadership development, market-relevant training and entrepreneurial skills. The first Diploma in hospitality management provides students with the skills and experience to become leaders and entrepreneurs in the hospitality industry, the fastest growing sector of the Rwandan economy, and a regional strategic development priority for the East African Community.  For more information, please visit www.akilahinstitute.org.

Connect with [email protected]

 

 

 

10/15/2013

Party Around the World with Courtyard by Marriott

Courtyard 30thHong Kong, Doha, Berlin, Mexico City, Atlanta Host 30th Anniversary Celebration

BETHESDA, MD - Courtyard, the brand that forever changed the hotel industry by pioneering the upper moderate tier of the hospitality industry in 1983, celebrates turning 30, with nearly 1,000 hotels in 38 countries and more than 30,000 associates.  The largest brand by number of hotels in the Marriott International, Inc. (NYSE: MAR) portfolio, Courtyard is embracing its leadership role and celebrating its heritage with guests and customers across the world at five spectacular events in Hong Kong, Doha, Berlin, Mexico City and Atlanta.

“Launching the Courtyard brand was our biggest risk and also our biggest reward,” said Bill Marriott, Marriott International’s Executive Chairman and Chairman of the Board.  “I’m so proud of what Courtyard has become but even more proud of where it is taking our industry.”

Courtyard’s continued growth and success is attributed to its understanding of business travelers. Through three decades, it has responded to the evolving needs of this important group of guests and continues to do so with its Courtyard Refreshing Business repositioning and its newly introduced Cynergy room design.

“Thirty years ago, our hotels catered to guests who were all about work and more work. We have innovated steadily to meet our guests’ changing needs and their desire for more options and flexibility during their stay. The response has been significant,” he added.

Courtyard’s entrepreneurial spirit has kept it at the forefront of innovation through the last three decades. It was the first brand to launch a digital lobby concierge, namely the GoBoards® as well as the first in the hospitality industry to offer calorie counts in its Bistro. Global expansion has led the brand to develop international prototype rooms and design directions in four regions. This has allowed the brand to maintain its relevancy as well as to ensure efficient business models for its owners.

“Courtyard continues to lead and define the segment year after year. We understood what our guests wanted 30 years ago and we understand them now,” said Janis Milham, senior vice president, Marriott Modern Essentials and Extended Stay Brands. “We are committed to being the segment leader for the future and continue to break new ground to meet the needs of the next generation of guests.”

According to Milham, significant growth for Courtyard lies abroad, and the brand will continue to design and operate hotels that appeal culturally to regional guests. Courtyard recently opened in Riyadh, Mexico City and Aberdeen and expects its first hotel in Brazil to open in 2014 and in Africa in 2015. 

To mark the milestone occasion, Courtyard is hosting a rolling global anniversary party, with major guest and customer events in Hong Kong, Doha, Berlin, Mexico City and Atlanta, the location of the first Courtyard. In addition, at more than 800 hotels in North America, the first 30 guests checking in at a Courtyard will receive commemorative Courtyard t-shirts.  In social media, those who celebrate the same birthday as Courtyard will also receive a surprise gift. During this momentous occasion for the brand, more than 30,000 associates will also be celebrating internally with cakes, balloons and other festivities. Follow hashtag #Courtyard30 to join in the global event.

The Courtyard by Marriott brand features hotels with a refreshing environment that helps guests stay connected, productive and balanced while traveling.  Intuitive services and design accommodate guests’ desire for choice and control and allow them to use the public space and guest rooms to meet all of their needs while on the road. With nearly 1,000 locations in 38 countries, Courtyard has more locations than any other Marriott International brand. For more information about the brand, visit www.courtyard.com.

Click here for Marriott International, Inc. (NYSE: MAR) company information.

NOTE: The statements about the number and opening dates for Courtyard hotels abroad 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; 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 [email protected] and [email protected]