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Marriott Acquires Protea Hotels in Africa

Home Search Send to Friend Latest Travel News Asia Tuesday, 27 May 2014

Marriott recently completed the approximately US$200 million acquisition of Protea Hotels and its sub-brands African Pride Hotels and Protea Hotel Fire & Ice!, in a move that secured its position as one of the largest hotel operators on the African continent.

Now, in the latest phase in the integration of Protea Hotels within the Marriott International portfolio of brands, all Proteaís portfolio of hotels have been added to the website.

In the first quarter of 2014, accounted for more than 26% of Marriott Internationalís room night bookings worldwide, or one-third of the companyís transient business. In addition, 40% of traffic came from mobile devices.

Prior to the acquisition, Marriott International was already operating 10 hotels across the African continent, but Protea adds a further 116 properties bringing the total Middle East and African presence to 162 properties in 18 countries.

 Marriott Internationalís move into Africa is set against a backdrop of burgeoning economic growth throughout the continent, with the World Bank expecting in excess of 5% growth in sub-Saharan Africa through 2015.

Alex Kyriakidis, President and Managing Director of Marriott International Middle East and Africa commented on the announcement saying, ďI am delighted that just a few weeks after the acquisition of Protea Hotels our valued guests have access to the portfolio of hotel options continent-wide and globally across our entire range of brands. Clearly this has been an unprecedented growth phase for our regional business but this is only given context and meaning when we can connect our guests with the experience. This is happening now and it heralds the start of a completely new chapter in the history of Marriott International.Ē

See other recent news regarding: Interviews, Pictures, Videos, Protea, Marriott, South Africa

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