TRAVEL WEEKLY NEWS | A Marriott Acquisition of Elegant Hotels Group

Marriott International has expanded it’s portfolio to include all inclusive resorts in the Caribbean and Mexico. Marriott’s new agreement with the board of Elegant Hotels Group said the offer values the entire acquisition at approximately $130.1 million.

Elegant’s portfolio includes the following:

  • Ownership of six hotels with 588 rooms and a beachfront restaurant on the island of Barbados.

  • Six of the seven properties are situated along the west coast of the island, known as the “Platinum Coast.”

  • The majority of the Elegant properties are operated as all-inclusive resorts.

  • Their portfolio includes Colony Club, Tamarind, The House, Crystal Cove, Turtle Beach, Waves Hotel and Spa and Daphne’s beachfront restaurant.

Turtle Beach Resort, Barbados

Marriott intends to renovate the hotels and plans to operate the Elegant hotels as all-inclusive resorts under one or more of Marriott’s brands.

“There is a strong and growing consumer demand for premium and luxury properties in the all-inclusive category,” said Arne Sorenson, president and CEO, Marriott International, in an official release. “The addition of the Elegant portfolio will help us further jumpstart our expansion in the all-inclusive space, while providing more choices on the breathtaking island of Barbados for our 133 million Marriott Bonvoy members.”

Happy Traveling,
The Luxe and Lavish Travels Team

Crystal Cove, Barbados

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