Samhi Hotels climbs as its arm signs operating agreements with Marriott [Hospitality]
AI Summary1 min read
TL;DR
Samhi Hotels' stock rises after its subsidiary signs operating agreements with Marriott, enhancing its hotel portfolio with established brands and access to loyalty programs and expertise.
Tags
Hotel, Resort & RestaurantsHospitalitySamhi HotelsMarriotthospitalityoperating agreementshotel brands
The company acquires/builds primary hotels and thereafter renovates, rebrands and rerates the property and runs it. Its hotels operate under established and well-recognised hotel operator brands such as Courtyard by Marriott, Sheraton, Hyatt Regency, Hyatt Place, Fairfield by Marriott, Four Points by Sheraton and Holiday Inn Express, which provide its hotels access to the operator's loyalty programs, management and operational expertise, industry best practices, online reservation systems and marketing strategies.