October 5, 2016 / 1:26 PM / a year ago

Marriott to spend $218 mln on hotels in South Africa

JOHANNESBURG, Oct 5 (Reuters) - Marriott International plans to spend 3 billion rand ($218.14 million) on hotels in South Africa, it said on Wednesday.

Marriott, which last month won the final clearance to buy rival Starwood Hotels and Resorts Worldwide Inc, said in a press invitation it will provide details at a news conference on Thursday.

The owner of up-market hotel chains such the Ritz Carlton and Sheraton already runs one of Africa’s biggest hotel brands, Protea, which it acquired in 2014. ($1 = 13.7528 rand) (Reporting by Tiisetso Motsoeneng)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below