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Marriott to Grow Russia and CIS Portfolio

MOSCOW—Leading global hotel operator Marriott International, Inc. is on track to double its portfolio in Europe from 40,000 rooms to 80,000 rooms by 2015. Marriott is fueling much of its growth in Europe with a strong focus on new development ...

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Extended-Stay Brands Lead Marriott’s North American Growth

BETHESDA, Md.—At the Worldwide ERC Global Workforce Symposium, Marriott International, Inc. announced that its extended-stay portfolio now accounts for one-third of the company’s North American development pipeline. Residence Inn by Marriott and TownePlace Suites by Marriott lead the U.S. market ...

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Sluggish Construction

The lack of available financing and continued economic uncertainty remained major obstacles to construction pipeline growth through the third quarter of 2011. Project migration up the pipeline toward construction was sluggish in the quarter, resulting in extended timelines as developers ...

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