Marriott International Announces Global Launch of New Regional Collection Brand: Series by Marriott™

Rhea-AI Summary

Marriott International (NASDAQ: MAR) has launched Series by Marriott™, a new collection brand targeting midscale and upscale lodging segments. The brand debuts through a founding deal with Concept Hospitality Private Limited (CHPL) in India, where CHPL's Fern brands, comprising 84 open properties and 31 pipeline deals (approximately 8,000 rooms), will affiliate exclusively with Series by Marriott. The partnership includes Marriott making a small equity investment in CHPL. Series by Marriott properties will offer essential amenities including clean rooms, free Wi-Fi, daily coffee/tea, and optional breakfast and fitness facilities. Hotels will maintain their regional identity while integrating with Marriott's global standards and Marriott Bonvoy loyalty program. The company is actively exploring expansion opportunities in the US, Caribbean, Latin America, Europe, Middle East, and Africa.

Positive

• Strategic expansion into India's midscale segment through partnership with established regional player CHPL
• Immediate access to 115 properties (84 open + 31 pipeline) totaling 8,000 rooms
• Properties will benefit from Marriott's global distribution systems and Marriott Bonvoy loyalty program with 237 million members
• Platform for global expansion with active discussions in multiple regions

Negative

• Success depends on individual hotel owners agreeing to franchise agreements
• Potential execution risks in maintaining quality standards across regional properties
• Investment required in CHPL, though amount not disclosed

News Market Reaction

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On the day this news was published, MAR declined NaN%, reflecting a moderate negative market reaction.

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Company Signs Founding Deal with Concept Hospitality Private Limited in India to Affiliate The Fern Brands with Series by Marriott

BETHESDA, Md., May 22, 2025 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today announced the global launch of its new collection brand for the midscale and upscale lodging segments—Series by Marriott™—as the company continues to expand its lodging offerings around the world. Series by Marriott is expected to expand Marriott's global presence by bringing well-established regionally created brands and hotels that champion consistent quality and service into the Marriott Bonvoy portfolio. Series by Marriott will offer guests comfortable stays in more places and provide regional owners access to the benefits of Marriott's platforms, including the company's award-winning Marriott Bonvoy loyalty program, all while maintaining their portfolio's independent identity.

Series by Marriott marks its initial launch through a founding deal with Concept Hospitality Private Limited (CHPL) in India, a key growth market for Marriott. Established in 1996 by Param Kannampilly, CHPL, is one of India's leading hotel management companies with a portfolio of six brands and over 100 hotels operating in 90 locations. Under the strategic agreement between CHPL and Marriott, CHPL's flagship brands—The Fern, The Fern Residency, and The Fern Habitat—will affiliate with Series by Marriott on an exclusive basis across India and Marriott will make a small equity investment in CHPL. The Fern portfolio is currently comprised of 84 open properties and 31 executed pipeline deals, totaling 115 properties and approximately 8,000 rooms. Fern properties are expected to join Marriott's portfolio in India over time following discussions with the third-party hotel owners and execution of long-term franchise agreements with those owners. CG Hospitality, the hospitality division of the multi-national conglomerate CG Corp Global, is the majority stakeholder in CHPL.

"Series by Marriott furthers Marriott's commitment to delivering lodging offerings in the right place at the right price with basics done well," said Anthony Capuano, President and CEO of Marriott International. "Creating a new, regional collection brand will further Marriott's reach among value-conscious travelers, provide additional choice for our existing Marriott Bonvoy members and guests, and offer more affiliation opportunities for local owners.

"We are thrilled to launch Series by Marriott through our founding deal with CHPL. This deal will help meaningfully expand Marriott's leading position in India, a key market for the company. We see this multi-unit conversion deal as a strong foundation as we look to accelerate growth of the Series by Marriott collection in additional markets around the world. The Fern portfolio throughout India is highly regarded and CHPL's commitment to operational excellence and meeting the needs of regional travelers embodies the spirit of the Series by Marriott brand," said Capuano.

"Through our majority stake in CHPL, we've nurtured The Fern brands as standard-bearers for eco-sensitive, high-quality hospitality in India. Being part of Series by Marriott will allow us to amplify our reach. The Fern brands are expected to benefit not only from the Marriott Bonvoy loyalty program and global distribution systems, but also from strategic growth opportunities," said Dr. Binod Chaudhary, Chairman of CG Corp Global.

"We are thrilled to partner with the world's largest hospitality company in driving a new era of growth in India's midscale segment. Our vision is to unlock the immense potential of Tier 2 and Tier 3 cities, as well as lesser-known destinations across India that are rich in culture, heritage, and opportunity. This strategic collaboration underscores our commitment to expanding access to quality hospitality, fostering local economies, and meeting the rising demand for sustainable, comfortable, and accessible stays in emerging markets," said Param Kannampilly, Chairman, Concept Hospitality Private Limited.

A Series of Hotels: Regionally Created, Globally Connected
Series by Marriott is designed to deliver a simple and approachable experience for travelers with a focus on fundamentals and well-executed basics. Hotels in the portfolio will offer quality and value with clean, comfortable rooms, free Wi-Fi, daily coffee or tea, with breakfast, fitness centers and meetings and event spaces available at certain properties. Hotels will reflect the regions and customers they serve while delivering Marriott's global standards for safety and cleanliness. As part of the Marriott Bonvoy loyalty program, members staying at Series by Marriott properties will be able to earn and redeem points and enjoy member benefits.

Global Growth Opportunity for Owners
Series by Marriott has been created to bring strong, regionally relevant brands and hotels into the Marriott portfolio with industry leading revenue generation capabilities and affiliation cost structures. Owners will have the ability to maintain their portfolio's independent identity while leveraging the power of Marriott's award-winning Marriott Bonvoy loyalty program with nearly 237 million members globally, and digital platforms like Marriott.com and the Marriott Bonvoy mobile app to generate direct bookings.

In addition to its founding deal with CHPL, Marriott is also in active discussions about the Series by Marriott brand with owners in the United States, the Caribbean and Latin America, Europe, Middle East, and Africa.

To learn more about Series by Marriott, click here.

IRPR#1

NOTE ON FORWARD-LOOKING STATEMENTS
All statements in this press release are made as of May 22, 2025. We undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. This press release contains "forward-looking statements" within the meaning of federal securities laws, including statements related to Marriott's expectations regarding the Series by Marriott brand launch, founding deal and related timing; future growth prospects, opportunities, plans and expectations for the Series by Marriott brand and within certain lodging segments; the addition of Fern hotels to Marriott's portfolio; the expansion of Marriott's leading position in India and broadening access to hospitality in the region; the creation of additional reach for Marriott among value-conscious travelers, additional choice for Marriott Bonvoy members and guests, and additional affiliation opportunities for hotel owners; the benefits of affiliation with Series by Marriott; Marriott Bonvoy benefits and participation; Marriott's revenue generation capabilities; and similar statements concerning possible future events or expectations that are not historical facts. Marriott cautions you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that the company may not be able to accurately predict or assess, including, with respect to the founding deal with CHPL, whether individual hotels and hotel owners agree to enter into Series by Marriott franchise agreements with Marriott, and the other risk factors that we describe in our U.S. Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release.

ABOUT MARRIOTT INTERNATIONAL, INC.
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 9,500 properties across more than 30 leading brands in 144 countries and territories. Marriott operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties all around the world. The company offers Marriott Bonvoy^®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.

Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at www.marriott.com/investor or Marriott's news center website at www.marriottnewscenter.com, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only.

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SOURCE Marriott International, Inc.

FAQ

What is Series by Marriott and when was it launched?

Series by Marriott is Marriott's new collection brand for midscale and upscale lodging segments, launched on May 22, 2025. It aims to bring established regional brands into the Marriott portfolio while maintaining their independent identity.

How many properties will Marriott (MAR) add through the Fern brands partnership in India?

Through the partnership with CHPL's Fern brands, Marriott will potentially add 115 properties (84 open properties and 31 pipeline deals) totaling approximately 8,000 rooms in India.

What amenities will Series by Marriott properties offer?

Series by Marriott properties will offer clean rooms, free Wi-Fi, daily coffee or tea, with optional breakfast, fitness centers, and meeting spaces at select locations.

Will Series by Marriott properties participate in Marriott Bonvoy?

Yes, Series by Marriott properties will be part of the Marriott Bonvoy loyalty program, allowing members to earn and redeem points and enjoy member benefits.

Which regions is Marriott targeting for Series by Marriott expansion?

Beyond India, Marriott is in active discussions for Series by Marriott expansion in the United States, the Caribbean and Latin America, Europe, Middle East, and Africa.