marriott announces deal to buy biggest african hotel chain
Last Updated : GMT 09:07:40
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Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Marriott announces deal to buy biggest African hotel chain

Egypt Today, egypt today

Egypt Today, egypt today Marriott announces deal to buy biggest African hotel chain

Johannesburg - AFP
US hotel giant Marriott announced on Wednesday it had finalised a deal to buy the South African-headquartered Protea group, Africa's largest hotel chain, for $186 million. "Marriott and Protea plan to close the transaction on April 1, 2014," the firm said in a statement. The Protea has a high profile in South Africa and in total has 116 hotels and 10,148 rooms in seven African countries. The purchase is subject to regulatory approval.
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marriott announces deal to buy biggest african hotel chain marriott announces deal to buy biggest african hotel chain



 
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