Marriott Signs Deal To Debut W Hotel In Tuscany

  • Marriott International Inc MAR has signed an agreement with Progetto Majestic S.r.l. to bring the W Hotels Worldwide brand to the Tuscan city of Florence, Italy. The company expects the hotel to become functional in 2023.
  • The hotel is expected to feature 120 guestrooms, including 20 suites.
  • Marriott International operates 14 properties and residences under the W brand across Europe, the Middle East, and Africa. The brand is expected to make its debut in Italy with the opening of W Rome this autumn.
  • Price Action: MAR shares are trading lower by 2.75% at $139.94 on the last check Monday.
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