Marriott International Signs Agreement To Open First All-Inclusive Delta Hotels By Marriott In Riviera Nayarit, Mexico
Marriott International, Inc. (NASDAQ: MAR) announced it has signed an agreement to manage the first all-inclusive Delta Hotels by Marriott resort in the world, signaling that interest by investors for the all-inclusive platform launched by the company in August 2019 continues to be strong. Under the agreement, the current 117-room Grand Matlali Hills Resort & Spa resort, located in Riviera Nayarit (Mexico), is slated to undergo a significant transformation in order to meet the new all-inclusive brand extension concept of Delta Hotels by Marriott and is anticipated to be subsequently rebranded and managed by Marriott International in 2021. The resort is expected to be expanded to 300 rooms by 2023.