Marriott International

Marriott International has bolstered its international hotel development strategy in the Americas by signing an agreement with Pulso Hotelero of Mexico to develop 36 Fairfield Inns in Mexico, which will triple the company’s lodging portfolio there.  It represents Marriott’s largest multi-unit development agreement ever.

The transaction is another example of Marriott’s commitment to global growth.   Already, one-third of Marriott’s pipeline of hotels under development is outside of the United States, as well as three quarters of its full service hotels.

Speaking at a ceremony held at Marriott’s global headquarters in Maryland, Mexican Ambassador Arturo Sarukhan said, “Marriott has had a strong presence in Mexico for many years, providing travelers in our country with top notch accommodations. This has proven to be a win-win partnership for Mexico and Marriott, and underscores Mexico’s competitiveness and attractiveness as a tourism and investment destination, and we are delighted that Marriott is further increasing their presence in our nation.”

Cabo San Lucas

The 36 Fairfield Inn properties will operate under long-term franchise agreements, and are scheduled to open over the next ten years. The first two properties to open in 2011 will be a 120-room hotel in Cabo San Lucas and a 139-room hotel in Guadalajara, which will be Marriott’s first hotels in those locations.  The addition of 36 Fairfield Inn hotels increases Marriott’s development pipeline in Mexico five fold from

Guadalajara

 seven to 43. 

Today, Marriott’s presence in Mexico is represented by 17 hotels, spanning five lodging brands: The Ritz-Carlton, JW Marriott Hotels & Resorts, Marriott Hotels & Resorts, Courtyard by Marriott Hotels, and Fairfield Inn.