Kenya: Marriott Signs Letter of Intent to Acquire Protea Hotels

9 November 2013

Hospitality company Marriott International has signed a letter of intent with Protea Hospitality Holdings to acquire Protea Hotels brands and its management business.

Protea operates or franchises 116 hotels across three brands, with 10 184-rooms in South Africa and six other sub-Saharan African countries. The transaction will nearly double Marriott's distribution in Africa to more than 23 000 rooms.

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