American hotel major Marriott International has launched its first ever integrated property in the country housing its Courtyard and Fairfield brands, under its joint venture with SAMHI Hotels.

Located in Bengaluru’s IT hub of Outer Ring Road, the 366-room property has been built at a total investment of over Rs 300 crore. This is Marriott’s first investment in a hotel project in the country. Marriott has invested in the property through its joint venture with hotel development firm SAMHI, SAMHI JV Business Hotels, wherein Marriott holds 33% stake and SAMHI owns 67% stake.

http://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/marriott-makes-maiden-india-investment-in-first-integrated-bengaluru-project/articleshow/50755913.cms

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