Marriott Signs Deal To Debut W Hotel In Tuscany

Marriott International Inc MAR has signed an agreement with Progetto Majestic S.r.l. to bring the W Hotels Worldwide brand to the Tuscan city of Florence, Italy. The company expects the hotel to become functional in 2023.
The hotel is expected to feature 120 guestrooms, including 20 suites.
Marriott International operates 14 properties and residences under the W brand across Europe, the Middle East, and Africa. The brand is expected to make its debut in Italy with the opening of W Rome this autumn.
Price Action: MAR shares are trading lower by 2.75% at $139.94 on the last check Monday.