Friday, July 15, 2016

Construction Begins on Marriott’s First-Ever Triple-Brand Hotel







Marriott International, Inc. [NASDAQ: MAR] today celebrates the groundbreaking of its first-ever hotel to contain three of its brands in a single building – a concept that underscores the company’s commitment to innovate in ways that benefit both consumers and the development community. Milestone Project Underscores Innovation for Developers, Guests and Highlights Multi-Brand Hotel Trend The landmark project will rise in Nashville’s SoBro neighborhood, which over the last few years has been transforming into a bustling area filled with restaurants, shopping and entertainment. The 470-room, $137 million hotel is expected to open mid-year in 2018.

 “Marriott continues to grow its multi-brand portfolio, as these projects offer a myriad of benefits to both our development partners and our guests. Developers can target multiple consumer segments while benefitting from significant construction and cost synergies. Hotel guests are offered a wider range of options to serve all of their travel needs,” said Tony Capuano, Executive Vice President and Global Chief Development Officer at Marriott International. The L-shaped, 21-story building being developed by Atlanta-based North Point Hospitality will contain an AC Hotels by Marriott® that will occupy 209 rooms in one wing and a combined SpringHill Suites by Marriott® and Residence Inn by Marriott® in the adjoining wing with 125 rooms and 136 rooms, respectively. 

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