M&A Deal Summary

Marriott Acquires Elegant Hotels Group

On October 18, 2019, Marriott acquired leisure company Elegant Hotels Group for 199M USD

Acquisition Highlights
  • This is Marriott’s 3rd transaction in the Leisure sector.
  • This is Marriott’s 2nd largest (disclosed) transaction.
  • This is Marriott’s 1st transaction in Barbados.

M&A Deal Summary
Date 2019-10-18
Target Elegant Hotels Group
Sector Leisure
Buyer(s) Marriott
Deal Type Add-on Acquisition
Deal Value 199M USD

Target

Elegant Hotels Group

Saint James Parish, Barbados
Elegant Hotels Group Plc is an upscale hotel operator in Barbados, with five hotels representing almost 25% of all upscale rooms on the island. The group also includes the renowned Daphne's restaurant.

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Buyer(S) 1

Buyer

Marriott

Bethesda, Maryland, United States
Category Company
Founded 1927
Sector Leisure
Employees411,000
Revenue 23.7B USD (2023)
DESCRIPTION
Entrance to Marriott's corporate headquarters in Bethesda, Maryland.
Entrance to Marriott's corporate headquarters in Bethesda, Maryland.

Marriott is a worldwide operator, franchisor, and licensor of hotels and timeshare properties under numerous brand names at different price and service points. Marriott also operates, markets, and develops residential properties and provide services to home/condominium owner associations. Marriott was formed in 1927 and is based in Bethesda, Maryland.

DEAL STATS #
Overall 3 of 4
Sector (Leisure) 3 of 4
Type (Add-on Acquisition) 3 of 4
Country (Barbados) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-16 Avendra

Rockville, Maryland, United States

Avendra LLC is a hospitality procurement services provider and hospitality expertise, purchasing power, services and software to help more than 8,000 customers impact the bottom line, improve operational performance, and better serve guests. Avendra LLC was founded in 2000 and is based in Rockville, Maryland

Sell $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-15 Delta Hotels Virginia Beach Bayfront Suites

Virginia Beach, Virginia, United States

Delta Hotels Virginia Beach Bayfront Suites is a full-service 295-room all-suite hotel that features 12,000 square feet. The resort’s amenities include two restaurants, a fitness center, an outdoor pool, and direct access to a private beachfront. Delta Hotels Virginia Beach Bayfront Suites was founded in 1968 and is based in Virginia Beach, Virginia.

Sell -
Mergr

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