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 8,497 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

Company type	subsidiary
Industry	Hospitality, Hotels, Tourism
Founded	1984^[1]
Founder	Otto Stehlik
Number of locations	80 in 10 African Countries (June 30, 2020)^[2]
Products	hotel and resort properties
Parent	Marriott International
Website	protea.marriott.com

History

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.

Accommodations

Historical

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

From 2015

		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

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

See also

• Marriott Hotels

References

1. "news24, 8 Nov 2013". www.news24.com.
2. "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.

External links

• Official website