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.