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BETHESDA, Md., Feb. 9, 2021 /PRNewswire/ Marriott International, Inc. (NASDAQ: MAR) today announced a significant planned expansion of its all-inclusive portfolio through a long-term agreement with Sunwing Travel Group s hotel division, Blue Diamond Resorts, which has an extensive portfolio of resort properties throughout the Caribbean, Central America and Mexico. The agreement is expected to propel Marriott into the list of top 10 global all-inclusive players by adding 19 franchised resorts totaling nearly 7,000 rooms across six destinations and more than doubling the company s presence in the all-inclusive segment to 33 properties by 2025. The majority of the properties are expected to be converted into Marriott s Autograph Collection by mid 2021.
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Marriott International Inc. (NASDAQ: MAR) is absorbing 19 properties from Blue Diamond Resorts in the Caribbean and Latin America as part of an agreement with the hotelier s parent company, Toronto-based Sunwing Travel Group.
What Happened: The 19 Blue Diamond Resorts properties will become part of Marriott International s Autograph Collection by mid-2021 and include Royalton- and Planet Hollywood-branded hotels totaling more than 7,000 rooms spread across Mexico, the Dominican Republic, Jamaica, St. Lucia, Costa Rica and Antigua.
The financial aspects of the agreement were not disclosed.
Why It s Important: Marriott launched its multibrand, all-inclusive portfolio platform in August 2019 and has nine hotels across Costa Rica, Barbados and Mexico, with an additional five more being readied for Mexico, Curacao, Dominican Republic, Jamaica and Brazil.
Muir, Autograph Collection opens on the Halifax waterfront in the summer of 2021, promising a refined, distinctly Nova Scotian hospitality experience with stunning waterfront views and unprecedented access to the Atlantic Ocean.