Marriott International Completes Transaction to Bring Lefay into its Global Portfolio through Joint Venture
Get Alerts MAR Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.8%
Revenue Growth %: +6.4%
Join SI Premium – FREE
Founded in
The current portfolio includes two award-winning properties in
The joint venture owns the Lefay brand and intellectual property assets and the Italian real estate assets continue to be owned by the brand's founders. The properties will operate under long‑term management agreements with the joint venture. Marriott will support the brand's growth through its global development, sales, marketing, and distribution platforms, while preserving Lefay's unique brand identity and approach to wellness.
Lefay properties will be available through Marriott's digital platforms and participate in the company's award-winning
ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with over 9,900 properties in 146 countries and territories, as of March 31, 2026. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.
IRPR#1
View original content to download multimedia:https://www.prnewswire.com/news-releases/marriott-international-completes-transaction-to-bring-lefay-into-its-global-portfolio-through-joint-venture-302796810.html
SOURCE Marriott International, Inc.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- California State Lands Commission Approves Slant Well Lease Application for Monterey Peninsula Water Supply Project
- Flagship Pioneering and Lean Business Services Company Announce Collaboration to Advance Healthcare Innovation and AI-Enabled Biomedical Research in Saudi Arabia
- FRONTERA AND KUPARI ANNOUNCE COMMENCEMENT OF STRATEGIC SALE PROCESS FOR THE JOINTLY OWNED PIEDRAS VERDES COPPER MINE COMPLEX IN SONORA, MEXICO
Create E-mail Alert Related Categories
PRNewswire, Press ReleasesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share