Wikipedia

Protea Hotels by Marriott

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.

Protea Hotels by Marriott
Company typesubsidiary
IndustryHospitality, Hotels, Tourism
Founded1984[1]
FounderOtto Stehlik
Number of locations
80 in 10 African Countries (June 30, 2020)[2]
Productshotel and resort properties
ParentMarriott International
Websiteprotea.marriott.com

History

edit

Otto Stehlik and six business associates established the company in 1984.[1] 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.[4]

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,[5] and on January 22, 2014, it was announced that Protea had been sold for $186 million.[6] All hotels controlled by PHH have since been rebranded as Protea Hotels by Marriott, but retaining the historic protea-flower logo.

Locations

edit
 
Protea Hotel Richards Bay
 
Protea Hotel Klerksdorp

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.[citation needed]

Accommodations

edit

Historical

edit
US Non-US Total
2014[7] Properties 00112      112
Rooms 010,107 010,107

From 2015

edit
North
America		  Europe  Middle E.
& Africa		 0Asia &0
Pacific		 Caribbean
Latin Am.		 Total
2015[8] Properties      0102 00102
Rooms      9,609 09,609
2016[9] Properties      0097      97
Rooms      9,352 09,352
2017[10] Properties      0090      90
Rooms      9,033 09,033
2018[11] Properties      0080      80
Rooms      8,265 08,265
2019[12] Properties      0080      80
Rooms      8,359 08,359
2020[13] Properties      0074      74
Rooms      7,851 07,851
2021[14] Properties      01      0066      67
Rooms      72      6,783 06,855
2022[15] Properties      01      0064      65
Rooms      72      6,627 06,699
2023[16] Properties      01      0062      63
Rooms      72      6,539 06,611

See also

edit

References

edit
  1. ^ a b "news24, 8 Nov 2013". www.news24.com.
  2. ^ a b "Protea Hotels". Marriott Hotels Development. Retrieved 2020-08-20.
  3. ^ "ABOUT PROTEA". Protea Hotels. Retrieved 2018-12-09.
  4. ^ Africa, Continent of Economic Opportunity , p. 190, at Google Books
  5. ^ "Business Day, 8 Nov 2013". www.businesslive.co.za.
  6. ^ "Hotel Management, 22 Jan 2014". www.hotelmanagement.net.
  7. ^ "2014 Annual Report". www.marriott.gcs-web.com. p. 17.
  8. ^ "2015 Annual Report". www.marriott.gcs-web.com. p. 6.
  9. ^ "2016 Annual Report". www.marriott.gcs-web.com. p. 8.
  10. ^ "2017 Annual Report". www.marriott.gcs-web.com. p. 8.
  11. ^ "2018 Annual Report". www.marriott.gcs-web.com. p. 7.
  12. ^ "2019 Annual Report". www.marriott.gcs-web.com. p. 7.
  13. ^ "2020 Annual Report". www.marriott.gcs-web.com. p. 9.
  14. ^ "2021 Annual Report". www.marriott.gcs-web.com. p. 7.
  15. ^ "2022 Annual Report". www.marriott.gcs-web.com. p. 7.
  16. ^ "2023 Annual Report". www.marriott.gcs-web.com. p. 7.
edit

  Media related to Protea Hotels by Marriott at Wikimedia Commons

Retrieved from "https://en.wikipedia.org/w/index.php?title=Protea_Hotels_by_Marriott&oldid=1224007332"