Visit on Armar House, All-Inclusive Website. was issued over London’s Regulatory News Service earlier today. The cancellation of trading of Elegant Shares on AIM is expected to take place at 7.00 a.m. on 10 December 2019. Scheme Shareholders on the register of members of the Company at the Scheme Record Time, being 8.00 p.m. on 6 December 2019, will receive 110 pence in cash for each Scheme Share. Six of the seven properties are situated along the prestigious west coast of Barbados commonly known as the "Platinum Coast". BETHESDA, Md., Oct. 18, 2019 /PRNewswire/ -- Marriott International (NASDAQ: MAR) announced today the company has reached an agreement with the board of Elegant Hotels Group plc (LON: EHG; "Elegant") on the terms of a recommended all cash offer for Elegant. Waves Hotel & Spa by Elegant Hotels - All-Inclusive: Detailed hotel room amenities and highlights in Saint James. Marriott Bonvoy is the most extensive hotel loyalty program, offering meaningful value and hotel rewards. Tour Treasure Beach by Elegant Hotels – Adults Only with our photo gallery. Marriott All-Inclusive Resorts are the perfect place to reconnect with each other and with your most inspired self. Explore our new all-inclusive portfolio with Elegant Hotels. We make these statements as of the date of this press release, and we assume no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Elegant owns and operates seven hotels with 588 rooms and a beachfront restaurant on the island of Barbados. We are redefining the industry with unique concepts for everyone, including health-conscious couples, fun-loving families, and those seeking adults-only escapes. We are excited to announce Elegant Hotels is now part of the Marriott portfolio. Before it's here, it's on the Bloomberg Terminal. Getaways include spa and wellness retreats; indulgent beach vacations; and fashion, music and design-inspired adults-only playgrounds. Elegant Hotels has seven properties on Barbados, six of which are on the more attractive west side on what is called the ‘Platinum Coast’. We are therefore unanimously recommending the offer to … In August, Marriott launched an all-inclusive platform with the goal of growing a worldwide portfolio of resorts in popular vacation segments by leveraging the company's operational and development expertise, its Marriott Bonvoy travel program with roughly 133 million members, and its iconic hotel brands. Couples will fall even deeper in love with each other amid stunning surroundings with intimate beach weddings, adventurous elopements, and recreation-filled honeymoons around the world. In keeping with Marriott's asset-light strategy, over time, Marriott also intends to market the Elegant hotels for sale subject to long-term management agreements under which Marriott would continue to manage the hotels. Dealings in Elegant Shares on AIM were suspended with effect from 7.30 a.m. today. Auf jeder Reise können Sie bei Design Hotels weltweit Punkte sammeln und einlösen. Reimagine the resort experience with All-Inclusive by Marriott, the newest and most innovative name in immersive vacations. Following the acquisition, Marriott intends to carry out renovations to the hotels in the Elegant portfolio. Find yourself in a sea of nourishing culinary offerings, holistic spa treatments, invigorating fitness classes and plentiful wellness activities accentuated a truly Heavenly sleep experience. Marriott International will pay 110 pence a share in cash for Elegant Hotels, a 57% premium to its Thursday close, according to a statement Friday that confirmed an earlier Bloomberg News report. We are therefore unanimously recommending the offer to shareholders.". Armar House is our brand new 5-Star lifestyle Adults Only All-Inclusive Resort located in the ever vibrant beaches of Cancun, and only 20 minutes away from Cancun International Airport. Please note Marriott Bonvoy earning & redemption will not be available until 2021. Through seven distinctive premium and luxury hotel brands, we offer unprecedented all-inclusive getaways across the most coveted destinations in the world. Adults can take off on grown-up escapes in exotic destinations. The hotel group, which owns 30 brands including Sheraton, St Regis, Ritz Carlton, JW Marriott, Renaissance and a whole lot more, has just announced its purchase of Elegant Hotels Group. Grow your business today through promotion to over 200,000 industry leaders globally. (Max 80 char). Flawless attention to detail by one of the most respected names in hospitality ensure the highest standards., Lorem ipsum dolor sit amet, consectetuer elit. Cision Distribution 888-776-0942 The settlement of the cash consideration due to Scheme Shareholders will occur within 14 days. Enjoy stunning views and utmost satisfaction at Treasure Beach. The fact that Elegant Hotels has attracted the interest of a company of Marriott’s caliber is a resounding endorsement of the outstanding quality of our properties, operations and people, and indeed of Barbados as a highly desirable destination. Enjoy a lively atmosphere with gracious hospitality, spacious accommodations, complimentary non-motorised watersports and the interactive Flying Fish Kids Club. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram. All Rights Reserved. Together, the Group's seven existing hotels - Colony Club, Tamarind, The House, Crystal Cove, Turtle Beach, Waves Hotel & Spa and Treasure Beach - offer styles encompassing classic and contemporary, family-friendly and adults-only. As a result of the Scheme having become Effective, share certificates in respect of the Elegant Shares have ceased to be valid documents of title and entitlements to Elegant Shares held in uncertificated form in CREST are being canceled. We meet every travel need with seven of the most prestigious brands in hospitality. Covid Superspreader Risk Is Linked to Restaurants, Gyms, Hotels, Deep-Freeze Hurdle Makes Pfizer’s Vaccine One for the Rich, China-Anchored Free-Trade Zone, World’s Biggest, Nearly Done, Target Is Reopening Its Looted Store With Black Shoppers in Mind, Singapore to Introduce New Visa to Draw Top Global Tech Talent. HOTEL HOTEL + FLIGHT. Crystal Cove was just named the 2018 Top 5 Hotels in the Caribbean & Central America via 2018 Conde' Nast Reader's Choice Awards. The all-inclusive escape for sophisticated romantics. Experience Barbados' very first all-inclusive mind and wellness boutique hotel. (Max 120 char). Marriott International announced they have reached an agreement with the board of Elegant Hotels Group plc on a recommended all cash offer to acquire Elegant Hotels.. In the year ended 30 September 2018, the Group reported revenue of $62.9 million and EBITDA before non-recurring items of $19.7 million. The properties are all freehold, with a total aggregate plot size of approximately 23 acres and an aggregate beachfront of approximately 2,600 feet. Marriott International has more than 7,000 properties in 131 countries under brands including the Ritz-Carlton, W Hotels and Courtyard, according to its website.
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