Bethesda-based Marriott International Inc. (NASDAQ: MAR) announced Friday it has an agreement to buy Elegant Hotels Group, which owns and operates seven hotels and a beachfront restaurant on the island of Barbados. Per a release, Marriott’s all cash offer values Elegant at roughly $199 million, including its $68.9 million in total net debt. Elegant’s seven hotels total 588 rooms, making it the largest luxury hotel owner on the eastern Caribbean island. Six of the seven are located on the…
from https://www.bizjournals.com/baltimore/news/2019/10/18/marriott-buys-big-into-barbados-plans-network-of.html?ana=RSS&s=article_search
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