Protea loyalty programmes unaffected by Marriott take-over

2014-01-23 13:07
Cape Town – Marriott International, Inc and South Africa’s Protea Hospitality Holdings announced on Wednesday that they have signed an agreement to purchase Africa's largest hotel group, including its three brands and management company.   

Marriott will pay approximately R2.02 billion or approximately US$186 million (at R10.86/$).

The deal is expected to be concluded in April 2014, following the approval of South Africa Reserve Bank and the  South African Competition Commission and the Common Market for Eastern and Southern Africa.

The Protea Group confirmed that for now the Protea hotel guest experience remains unaffected and all loyalty programmes continue as normal.
 
Protea has 116 hotels with 10 148 rooms in seven African countries including South Africa.  Once the deal is concluded, Marriott will become the largest hotel company in the Middle East & Africa region, nearly doubling its distribution there to more than 23 000 rooms.    
 
Read more on:    travel south africa  |  lifestyle  |  travel international
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