Saturday 25th January 2014,
Reporters-365

Marriott completes purchase of biggest African hotel chain

Reporters365 January 22, 2014 No Comments

 US hotel giant Marriott announced on Wednesday it had finalised a deal to buy the 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.
Based in South Africa, Protea manages 10,148 rooms in 116 hotels in eight African countries

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