Marriott to Acquire Protea Hospitality Holdings for $186M
January 22, 2014 at 06:35 AM EST
Marriott International (NASDAQ: MAR ) and South Africa's Protea Hospitality Holdings announced today that they have signed definitive agreements for the purchase by Marriott of Protea's three brands and management company. Under terms of the agreements Marriott will pay approximately 2.02 billion rand, or approximately US $186 million at
