This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Inversiones La Rioja Expands Marriott Portfolio With Courtyard By Marriott In Lima, Peru

BETHESDA, Md., Feb. 11, 2013 /PRNewswire/ -- Marriott International, Inc. (NYSE: MAR) announced plans to open a new 150-room Courtyard by Marriott Hotel in Lima, South America's third largest city, under an agreement with Inversiones La Rioja, S.A., a distinguished Peruvian corporation which owns the existing 300-room JW Marriott Lima and 153-room JW Marriott Cuzco. The hotel will be situated at the intersection of Calle Alcanfores and Calle Schell in Lima's upscale Miraflores neighborhood known for its shopping, restaurants, antique dealers and breath taking ocean views.

(Logo: http://photos.prnewswire.com/prnh/20120731/PH49415LOGO-b )

"We were taken by the new concept and positioning of the Courtyard by Marriott brand, and are very excited about developing this property with Marriott International in Lima," said Alfonso Brazzini, President of the Board of Inversiones la Rioja. "With the incredible performance of the JW Marriott Lima, we are confident this hotel will do very well in Lima."

"The new Courtyard by Marriott in Lima will be a significant milestone in our rapid expansion across Latin America," remarked Craig S. Smith, President of the Caribbean & Latin America at Marriott International, Inc. "The hotel will feature a modern, functional design while embracing Peru's vibrant culture and the amenities travelers trust from our globally renowned Marriott International brands."

"This new hotel strengthens our footprint in Lima, a key strategic market for Marriott International in Latin America, and I am confident it will greatly contribute to our success in the country," said Laurent de Kousemaeker, chief development officer for the Caribbean & Latin America at Marriott International, Inc.

In addition to 150 guest rooms, the hotel will feature the brand's refreshing business lobby, a casual dining restaurant, ample meeting space and recreational facilities include a swimming pool and a fitness center.  It will also feature Courtyard's new relaxing interior design for the guestrooms.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs