hotel purchase

Marriott buys big into Barbados with plans for all-inclusive resorts. And it bought a New York hotel, too.

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,...

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