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Marriott, Prestige Group sign five-hotel deal in India
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New Delhi, Nov. 26 -- Marriott International, Inc and real estate firm Prestige Group have partnered to open five new hotels in southern India, which will help both the firms expand their hospitality footprint in the country.
As per the agreement, Prestige Group will build new hotels across Marriot brands such as the W, Tribute Portfolio and Moxy spanning 1,000 rooms. The hotel properties- W Bengaluru, Tribute Portfolio Resort Bengaluru, Tribute Portfolio Hotel Kochi Maradu, Moxy Chennai and Moxy Bengaluru- are expected to open between 2021 and 2025.
Four of the five hotels would be part of retail developments like shopping malls.
Marriott, which operates under its many brands, will launch 'Moxy' in the country, a mid-scale brand which...
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