Protea Hotels by Marriott explained

Protea Hotels by Marriott
Foundation:1984[1]
Founder:Otto Stehlik
Locations:80 in 10 African Countries (June 30, 2020)[2]
Products:hotel and resort properties
Parent:Marriott International

Protea Hotels by Marriott is a South African hotel and leisure company headquartered in Cape Town, South Africa. As of December 31, 2018, it was the largest hotel company on the African continent, with 80 properties in ten countries with 50 rooms in addition to 14 hotels with 2,498 rooms in the pipeline.[2] [3] The company was named for the flowering plant Protea, which is unique to South Africa, and its logo features a representation of the flower.

History

Otto Stehlik and six business associates established the company in 1984. At that time, the founders held 40% of the stock, the remaining 60% being held by Bankrop, now part of Barclays Africa Group. Initially, the company had four properties under management; two in Cape Town, one in Johannesburg and one in KwaZulu Natal South Coast. Expanding to 20 within a year, over 100 existed after two decades.

In November 2013, Protea Hospitality Holdings, the holding company of Protea Hotels, signed a letter of intent, to be acquired by Marriott International, the parent company of Marriott Hotels. The acquisition was approved by regulatory agencies in the respective nations,[4] and on January 22, 2014, it was announced that Protea had been sold for $186 million.[5] All hotels controlled by PHH have since been rebranded as Protea Hotels by Marriott, but retaining the historic protea-flower logo.

Locations

The company owns, manages or franchises three, four and five star properties in nine African countries. The majority of its properties are located in South Africa, where the company was founded and where it maintains its headquarters. Other countries of operation are Algeria, Ghana, Malawi, Namibia, Nigeria, Tanzania, Uganda and Zambia and recently Botswana.

Accommodations

Historical

US Non-US Total
2014[6] Properties 112 112
Rooms 10,107 10,107

From 2015

North
America
Europe Middle E.
& Africa
Asia &
Pacific
Caribbean
Latin Am.
Total
2015[7] Properties 102 102
Rooms 9,609 9,609
2016[8] Properties 97 97
Rooms 9,352 9,352
2017[9] Properties 90 90
Rooms 9,033 9,033
2018[10] Properties 80 80
Rooms 8,265 8,265
2019[11] Properties 80 80
Rooms 8,359 8,359
2020[12] Properties 74 74
Rooms 7,851 7,851
2021[13] Properties 1 66 67
Rooms 72 6,783 6,855
2022[14] Properties 1 64 65
Rooms 72 6,627 6,699
2023[15] Properties 1 62 63
Rooms 72 6,539 6,611

See also

Notes and References

  1. Web site: news24, 8 Nov 2013 . www.news24.com.
  2. Web site: Protea Hotels. 2020-08-20. Marriott Hotels Development. en-US.
  3. News: ABOUT PROTEA. Protea Hotels. 2018-12-09.
  4. Web site: Business Day, 8 Nov 2013 . www.businesslive.co.za.
  5. Web site: Hotel Management, 22 Jan 2014 . www.hotelmanagement.net.
  6. Web site: 2014 Annual Report . 17 . www.marriott.gcs-web.com.
  7. Web site: 2015 Annual Report . 6 . www.marriott.gcs-web.com.
  8. Web site: 2016 Annual Report . 8 . www.marriott.gcs-web.com.
  9. Web site: 2017 Annual Report . 8 . www.marriott.gcs-web.com.
  10. Web site: 2018 Annual Report . 7 . www.marriott.gcs-web.com.
  11. Web site: 2019 Annual Report . 7 . www.marriott.gcs-web.com.
  12. Web site: 2020 Annual Report . 9 . www.marriott.gcs-web.com.
  13. Web site: 2021 Annual Report . 7 . www.marriott.gcs-web.com.
  14. Web site: 2022 Annual Report . 7 . www.marriott.gcs-web.com.
  15. Web site: 2023 Annual Report . 7 . www.marriott.gcs-web.com.