• Marriott International Acquires Latin American Hotels

     
    POSTED October 30, 2022
     

The brand will operate City Express properties in the Caribbean and Latin America.

Marriott International has reached an agreement to acquire the City Express brand portfolio comprised of 152 hotels.

The City Express portfolio includes hotels in 75 cities in Mexico, one hotel each in Costa Rica, Columbia, and Chile, along with five under-construction projects. The new brand name will include the signature “by Marriott” endorsement, joining 30 other brand names in the Marriott franchise system.

With this entry into the midscale hotel segment, Marriott will acquire the entire City Express portfolio, including City Express Plus, City Express Suites, City Express Junior, and City Centro, as well as the City Premios loyalty program.

“We’re excited to enter a new lodging categorythe popular affordable midscale segment where we see significant potential,” says Anthony Capuano, CEO, Marriott International. “With City Express by Marriott, we will be providing our customers with more choice through a new, approachable, moderate-priced offering, increasing opportunity for owners and franchisees as well as associates.”

Hoteles City Express was founded in 2002 and is a Mexico-based company that was awarded the prestigious designation of “Marca Notoria” for its hospitality sector leadership and brand recognition across Latin America. “After having the opportunity to work with the Marriott team, we confirmed that we share common cultural values and a similar approach to hospitality,” says Luis Barrios, CEO of Hoteles City.

The transaction will make Marriott International the largest hotel company in the Caribbean and Latin America and is expected to close between late 2022 and the first half 2023.

On Nov. 25, the International Association of Conference Centres (IACC) released its latest quarterly Meeting Room of the Future Barometer. In a nutshell, the global association reports that the recovery of the meetings and events industry remains on a solid and positive trajectory.

Among the findings:

 

The Meeting Professionals International Board of Directors has its sights set on 2027. Building on an organizational strategy initially conceived in 2020 by key board, staff, and executive team members, the organization recently solidified its goals for the next five years.

“Over the course of the past two years, the goals were modified based on economic conditions, but those pillars remained intact and were validated by the MPI Board this past September during meetings held in Quintana Roo, Mexico,” says Drew S. Holmgreen, MPI chief branding officer.

 

The Meetings Mean Business Coalition has announced “Meetings Matter” as the 2023 theme for Global Meetings Industry Day (GMID) to be held on March 30. The international day of advocacy showcases the economic and societal importance of face-to-face business meetings, trade shows, incentive travel, exhibitions, conferences, and conventions.