ENEWS CHANNEL AFRICA: PROTEA, MARRIOT HOTELS SEAL R2BILLION DEAL


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.

L-R: Mark Satterfield, Chief Operations Office for Marriott International Middle East & Africa (who becomes SA’s Marriott International business leader), Arthur Gillis, former CEO of the Protea Hospitality Group, who as of today becomes Non-Executive Chairman, Africa Development for Marriott International, Alex Kyriakidis, President & Managing Director Marriott International Middle East & Africa, and Otto Stehlik, founder of the Protea Hospitality Group.


This insert first aired on eNews Channel Africa on 01 April 2014