Home News Marriott to pay R2bn for SA hotel group

Marriott to pay R2bn for SA hotel group

Published on 23/01/2014

Marriott International, the largest publicly traded hotel chain in the US, has signed agreements to acquire the three brands and management company of South Africa's Protea Hospitality Holdings, in a R2.02-billion 186-million transaction that will make Marriott Africa's biggest hotel company.