Announced
Completed
Financials
Sources
Press release
Marriott International -Â
RNS announcement
Marriott International -Â
Offer update
Marriott International -Â
Publication of Scheme Document
Elegant Hotels Group -Â
Press Release
Marriott -Â
Update to stated post-offer intentions statements
Marriott International -Â
RNS Announcement
Marriott International -Â
Tags
Acquisition
Hotels and Motels
Friendly
hotels
beach resort
Majority
Barbados
Public
Single Bidder
Completed
Synopsis
Marriott International, an American multinational diversified hospitality company, completed the acquisition of Elegant Hotels, which owns and operates seven luxury freehold hotels and a beachfront restaurant, Daphne's, on the island of Barbados, for $207m. "There is a strong and growing consumer demand for premium and luxury properties in the all-inclusive category. The addition of the Elegant portfolio will help us further jumpstart our expansion in the all-inclusive space, while providing more choices on the breathtaking island of Barbados for our 133m Marriott Bonvoy members," Arne Sorenson, Marriott International President and Chief Executive Officer.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.