Sunday, April 14, 2024

Marriott going Elegant


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Major changes, including a rebranding, hotel sales, and management shake-up, are likely as part of a BDS$260.2 million deal that will see global hospitality giant Marriott International acquire Barbados-based Elegant Hotels Group.

But officials of Marriott International Hotel Licensing Company revealed that if Elegant’s shareholders said yes to the sale, the company’s more than 1 100 employees in Barbados would be secure as IHLC “does not intend to make any material headcount reductions within the Elegant Group as a result of the acquisition”.

The potential benefits from the acquisition were welcomed by Minister of Tourism Kerrie Symmonds yesterday, who told the Saturday Sun “their interest in making this kind of investment in Barbados is a very clear testimony to the fact that Barbados is again being seen as a destination which is working well, and is worthy of major investments”. (SC)

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