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Marriott Acquires CitizenM Hotel Brand for $355 Million

Marriott Acquires CitizenM Hotel Brand for $355 Million

by Phil Hall | Apr 28, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Marriott International (NASDAQ: MAR) has acquired the hotel brand CitizenM for $355 million. According to the companies, the CitizenM global portfolio encompasses 36 open hotels comprising 8,544 rooms across more than 20 cities in the US, Europe and Asia Pacific,...
Marriott International Announces 100th Property in Japan

Marriott International Announces 100th Property in Japan

by Phil Hall | Nov 18, 2024 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Marriott International Inc. (NASDAQ: MAR) announced the opening of its 100th property in Japan with the debut of the Four Points Flex by Sheraton Osaka Umeda. The new property also marks the first offering of the Four Points Flex by Sheraton brand in the Asia Pacific...
Marriott Sues NYC Franchisee for Turning Hotel into Illegal Immigrant Shelter

Marriott Sues NYC Franchisee for Turning Hotel into Illegal Immigrant Shelter

by Phil Hall | Aug 12, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Marriott International Inc. (NASDAQ:MAR) has filed a $2.6 million lawsuit against one of its New York City-based franchisees for allegedly breaching its contract by turning the hotel into a shelter for illegal immigrants. According to a Gothamist report, the 18-story,...
KKR and Marriott Partner in Japanese Lodging Endeavor

KKR and Marriott Partner in Japanese Lodging Endeavor

by Phil Hall | May 7, 2024 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate Investing, WRE News Exclusive

The global investment firm KKR has teamed with Marriott International Inc. (NASDAQ: MAR) in the launch of a new endeavor in the midscale hospitality space in Japan. The new partnership follows KKR’s acquisition of Unizo Hotel Company Limited and a portfolio of 14...
Marriott in $500 Million Deal for Sheraton Grand Chicago

Marriott in $500 Million Deal for Sheraton Grand Chicago

by Phil Hall | Feb 13, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Marriott International (NASDAQ:MAR) is paying $500 million to acquire the 1,218-room Sheraton Grand Chicago Riverwalk hotel, one of the city’s biggest lodging properties. According to a report in The Real Deal, the $300 million portion of the sale was first agreed...
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