BETHESDA, Md. — Marriott International is purported to become the biggest hotel player in Africa, after acquiring a South African hotel company that owns 116 properties in Africa.
Today, the company announced it acquired Protea Hospitality Group (PHG) for US$200 million. It comprises 10,148 rooms in Malawi, Namibia, Nigeria, Tanzania, Uganda and Zambia, with brands such as Protea Hotel Fire & Ice hotels and African Pride Hotels.
“Today is the culmination of months of highly productive collaboration between Protea and Marriott International teams,” said Alex Kyriakidis, president and managing director of Marriott International’s Middle East and Africa (MEA) region. “We are delighted that such a tremendously dedicated, talented and effective team, which has been so well-led by Protea CEO Arthur Gillis, is now joining the Marriott International family. With the addition of Protea’s regional knowledge, expertise and infrastructure, we are incredibly well-positioned to continue growing in one of the fastest expanding economic markets in the world.”
Marriott’s pipeline of new hotels in Africa and the Middle East is now 65 hotels, including more than 20 properties in the Sub-Saharan Africa.