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Marriott International to Introduce its Courtyard Brand to Phuket, Thailand
Two Courtyard by Marriott hotels will be part of the Phuket, Thailand, tourism infrastructure beginning in 2008 as a result of management agreements reached by Marriott International, Inc. (NYSE:MAR) with Destination Properties Company, Limited. Lehman Brothers provided the financing on the acquisition and planned renovations.
Both hotels will be conversions of existing properties and will undergo extensive renovations prior to being re-branded. The existing hotels are the 399-room Grand Tropicana Hotel Phuket which will convert to the Courtyard by Marriott Phuket at Patong Beach; and the 256-room Surin Beach Resort which will be re-branded as the Courtyard by Marriott Phuket at Surin Beach.
http://www.marriott.com/news/detail....Article=175888
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