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by Michael J. Shapiro | April 18, 2012

Marriott International intends to double the number of hotels it operates in the Caribbean and Latin America over the next five years, president and CEO Arne Sorenson announced last week at the Americas CEO Summit in Cartagena, Colombia. The hotel company currently has 69 properties in 25 countries throughout the region, under nine different brands: Ritz-Carlton, JW Marriott, Marriott Hotels & Resorts, Renaissance Hotels, Autograph Collection, Courtyard by Marriott, Marriott Executive Apartments, Residence Inn by Marriott and Fairfield Inn and Suites. By 2017, the company foresees eclipsing the 140-property mark, for a total of more than 30,000 rooms. At the moment, 35 projects are signed and being developed in the region. “Latin America is booming, in terms of economic growth and political and institutional stability, which is creating a promising business climate,” Sorenson said in a statement.