by Michael J. Shapiro | October 21, 2019

Marriott International has struck a deal to acquire Elegant Hotel Group, a collection of seven owned and operated all-inclusive hotels, as well as a restaurant, on the island of Barbados. The US$199 million deal will provide Marriott with 588 luxury rooms on the island, as well as a foothold in the all-inclusive market.

Marriott recently launched an all-inclusive platform to expand its presence in the that market, courting owner investment while simultaneously announcing the development of five new-build all-inclusive resorts, accounting for more than 2,000 rooms in total and with planned opening dates between 2022 and 2025. 

Read the full story at Meetings & Conventions.