Marriott Signs LOI to Acquire Protea Hotel Group's Hotel Operations And Brands
November 07, 2013 at 16:08 PM EST
Marriott International, Inc. (NASDAQ: MAR ) today said it has signed a letter of intent with Protea Hospitality Holdings of Cape Town, South Africa to acquire Protea Hotels' brands and its management business that operates or franchises 116 hotels across three brands with 10,184 rooms in South Africa and
