Marriott Signs Agreement To Debut Westin Hotels & Resorts In Brazil

Marriott International Inc MAR has signed a franchise agreement with Hotéis Deville for the first Westin Hotels & Resorts in São Paulo, Brazil.
The property, featuring 187 rooms, expects to welcome its first guests in the spring of 2024.
The Westin Hotel São Paulo will sit within the JK Square mixed-use development, which is slated to include retail, offices, and residences.
The architectural project was developed by KPF, while SDI Desenvolvimento Imobiliário incorporated the entire complex.
Price Action: MAR shares closed higher by 0.39% at $155.22 on Thursday.