Marriott snaps up Protea Hotels
Marriott International and Protea Hospitality Holdings have signed agreements for the purchase by Marriott of Protea’s three brands and management company.
Protea has 116 hotels in seven African countries including South Africa. Its brands include Protea Hotels and African Pride Hotels, Lodges and Country Houses.
Once the transaction is complete Marriott will become the largest hotel company in the Middle East and Africa, almost doubling its distribution in the region to more than 23,000 rooms.
The deal includes the creation of a property ownership company by Protea, which will allow it to keep ownership of the hotels it currently owns.
It will enter long-term management and lease agreements with
Marriott for the hotels.
The transaction, which requires third party and governmental consents, is due to close on April 1.
Ian Jarrett
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025