Keyword: Marriott International
Deka Immobilien Investment is suing Ashkenazy Acquisition Corp., alleging the latter failed to close on its acquisition of the New York Marriott East Side hotel.
The new Aloft Madrid Gran Via is just one of many recent investments from global companies that see value in the country's hospitality sector.
The lengthy project ended earlier this year after an overhaul to the lobby, restaurants, spa and golf clubhouse.
Following a substantial fine for a data breach and slowing overall economic growth, Marriott lowered its guidance for the remainder of 2019.
The company has signed management contracts with hotel developers to build five new resorts, investing more than $800 million in the projects.
These new properties include five hotels in Texas and one each in Louisiana, Georgia, North Carolina and South Carolina.
With 1,469 projects and 193,458 rooms in development, Marriott International’s U.S. pipeline grew 9 percent year over year.
EAD Hotels owns the JW Marriott Edmonton ICE District and Marriott International manages it.
The company has inked a contract to manage the Courtyard by Marriott Puebla Las Animas in the east-central city of Puebla, southeast of Mexico City.
The Four Points by Sheraton Warsaw Mokotow is operated as part of a franchise agreement with Hotel Management Group.