Marriott International, Inc., today published its 2023 Serve 360 Report highlighting data as of year-end 2022 and shared the company’s continued progress on its Environmental, Social, and Governance (ESG) efforts. Marriott’s sustainability and social impact platform, Serve 360: Doing Good in Every Direction, guides the company’s efforts toward its 2025 Sustainability and Social Impact Goals. The full report can be accessed on the company’s Serve 360 website. Key report takeaways can be seen in the video below.
AC Hotels by Marriott announces the opening of its First Hotel in Malta
AC Hotels by Marriott part of Marriott Bonvoy’s portfolio of 30 extraordinary brands, has expanded its European footprint with the opening of its first property in Malta. AC Hotel by Marriott St. Julian’s brings The Perfectly Precise Hotel™ experience to the vibrant coastal town of St. Julian’s. Owned and managed by The Ona Hospitality Ltd, the new lifestyle hotel is located in the heart of the town within close proximity to picturesque beaches, restaurants and the capital city of Valletta, making the perfect base from which to explore everything that Malta has to offer.
Marriott, Hilton, and IHG continue to dominate the U.S. Hotel Construction Pipeline
In the recently released United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts detailed the leading franchise companies and their brands in the construction pipeline at the close of the first quarter. Marriott International (Marriott) tops the charts with the greatest number of projects in the U.S. hotel construction pipeline, at Q1 2023, with 1,499 projects/181,377 rooms, followed closely by Hilton Worldwide (Hilton), with a record-high count of 1,436 projects/161,359 rooms, and then InterContinental Hotels Group (IHG) with 809 projects/80,679 rooms. Combined, these three franchise companies comprise 68% of the projects in the total U.S. pipeline.
Egypt and Marriott power hotel development in Africa
When it comes to hotel development across Africa, Egypt and Marriott are the two phenomena to watch. This insight comes from this year’s African Hotel Chain Development Pipeline report, widely acknowledged as the industry’s most authoritative source, documenting and analysing the number of hotels being planned and built across the continent.
PMZ Realty Capital arranges acquisition financing for courtyard by Marriott
PMZ Realty Capital LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, announced today that it arranged acquisition financing for the Courtyard by Marriott Austin – University Area located in Austin, Texas. The $20.75M non-recourse acquisition loan with a flexible floating rate priced over SOFR was provided by a portfolio lender to cover 73% of the overall total project costs.
Marriott International reports fourth quarter and full year 2022 results
Marriott International, Inc. today reported fourth quarter and full year 2022 results.
Marriott, Hilton, and IHG close Q4 2022 with largest projects counts
As reported in the fourth quarter United States Construction Pipeline Trend Report from Lodging Econometrics (LE) for 2022, the franchise companies with the largest construction pipelines at the end of Q4 are led by Marriott International (Marriott) with 1,490 projects/180,113 rooms. Following Marriott is Hilton Worldwide (Hilton) with 1,378 projects/154,790 rooms and InterContinental Hotels Group (IHG) with 789 projects/78,951 rooms. Combined, these three companies account for 67% of the projects and 64% of the rooms in the total pipeline.
W Hotels ushers in a new era of luxury lifestyle on the Greek Coast
W Hotels, part of Marriott Bonvoy’s portfolio of 30 extraordinary hotel brands, announced the opening of W Costa Navarino.
Marriott signs agreement with Vinpearl to add eight hotels in Vietnam
The agreement is set to strengthen Marriott International’s presence in Vietnam with the expected addition of more than 2,000 rooms to its existing portfolio.
Hospitality industry launches resource hub in united response to aid refugees
Sustainable Hospitality Alliance launches new guidance and resource hub for hotels seeking to support refugees and internally displaced people.
