Marriott International Inc. (NYSE: MAR) has announced plans to expand its presence the Middle East and Africa region with the opening of five hotels within the next three years.
As part of the expansion Marriott will create its first properties in Algeria, Ghana and Morocco while increasing its presence in Egypt.
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Algeria will house the 227-room Algiers Marriott and the 180-unit Algiers Marriott Executive Apartments, both scheduled to be opened in 2012.The 294-room Sahl Hasheesh Marriott Beach Resort is scheduled to be opened in Egypt in 2011 while the 2009-room Accra Marriott will open in Ghana in late 2010. Marriott also plans to open the 216-room Marrakech Marriott Palm Golf Hotel in 2012.
In addition to opening new hotels Marriott announced plans to launch a new brand dubbed “The Autograph Collection.” The brand will e made up of “upper upscale and luxury, independent hotels with distinctive personalities in major cities and desired destinations worldwide.”
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