Marriott signs agreements to develop hotels in four African countries
Marriott International, the world's largest hotel chain, has announced that it has signed agreements to develop six new hotels in South Africa, Kenya, Egypt and Mauritius. This came after Marriott completed its acquisition of Starwood Hotels & Resorts Worldwide, in a deal worth about $13 billion last month.
“The past couple of weeks have seen an incredible transformation for our company, and I am proud to say that we are continuing the momentum with our expansion and development plans across the African continent,” said Alex Kyriakidis, President and Managing Director, Middle East and Africa, Marriottt International.
Marriott said the latest deals will add over 1,100 rooms to its existing Africa offering and will include the debut of its AC Hotels brand on the continent. Working with its partners, Marriott plans development of total 539 rooms and suites in South Africa, 189 in Mauritius, 344 in Egypt, and 96 in Kenya.
“These new deals are testament to our combined development efforts going forward, as there are significant growth synergies between the brands and our newly combined company, with a focus on expending brands across the region, and looking for opportunities in new markets,” concluded Mr. Kyriakidis.