Marriott (MAR) Expects To More Than Double All-Inclusive Portfolio In An Agreement With Sunwing Travel Group
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Marriott International Expects To More Than Double All-Inclusive Portfolio In An Agreement With Sunwing Travel Group
February 9, 2021 8:00 AM ESTBETHESDA, Md., Feb. 9, 2021 /PRNewswire/ --Â 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... More