Video: Marriott's Arne Sorenson on Protea Hotels acquisition—and more

Arne Sorenson, CEO and president of Marriott International, discusses his hotel's plans for global expansion and creating jobs in the industry. Marriott International and South Africa's Protea Hospitality Holdings announced that they have signed definitive agreements for the purchase by Marriott of Protea's three brands and management company for $186 million. Here's our full report, with the video below.

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