The big financial news of the day in hotels is the completion of Marriott International’s acquisition of 116 hotels in the Protea Hospitality Group for about USD $200 million. Marriott is now the largest hotel operator on the African continent.
The Protea portfolio includes hotels in seven countries.
- South Africa = 79 hotels
Another 37 hotels are in these African countries:
According to the press release, 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.
Related Loyalty Traveler post: Marriott adds 116 hotels in Africa in 2014 with Protea acquisition (Nov 8, 2013)