Marriott International Signs Multi-Unit Agreement with Corporación Polaris and Cardedeu to Debut City Express by Marriott in El Salvador
Rhea-AI Summary
Marriott International (NYSE:MAR) has signed a multi-unit agreement with Corporación Polaris and Cardedeu to open four City Express by Marriott properties in El Salvador, marking the brand's debut in the country. The expansion will add 440 rooms to Marriott's portfolio in the affordable midscale segment.
The properties include City Centro by Marriott San Salvador (31 rooms, converting end of 2025), City Express by Marriott Aeropuerto and City Express by Marriott Santa Elena (both opening late 2026), and City Express Plus by Marriott San Benito (opening late 2027). The hotels will be strategically located near key business and tourist destinations.
This expansion is part of City Express by Marriott's broader growth strategy, which includes planned expansions into Argentina, Bolivia, Nicaragua, Peru, United States, and Canada. The brand currently operates 153 hotels with over 17,700 rooms and has 62 projects in the pipeline.
Positive
- Strategic expansion adding 440 new rooms in El Salvador's growing tourism market
- Diversification into affordable midscale segment in Caribbean and Latin America
- Strong existing portfolio of 153 hotels and robust pipeline of 62 projects
- Strategic locations near key business, cultural, and transportation hubs
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, MAR declined 1.02%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
With the expected opening of four properties, this agreement accelerates the expansion of the City Express by Marriott brand into strategic markets across the region.
"We are very excited to introduce City Express by Marriott to
"The anticipated debut of these City Express by Marriott properties in the coming years not only reaffirms Polaris' commitment to excellence and regional growth but also helps meet the growing demand for hotel accommodations in
Located in the heart of
Expected to open in late 2026, City Express by Marriott Aeropuerto will connect
City Express by Marriott, part of Marriott Bonvoy's global portfolio of over 30 extraordinary hotel brands, continues to expand its international footprint. This announcement builds on previously announced growth plans for City Express by Marriott, including the brand's continued and anticipated expansion into
ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in
ABOUT CITY EXPRESS BY MARRIOTT
City Express by Marriott offers travelers a space where convenience meets comfort. Catering to the needs of both business and leisure travelers, the brand offers seamless and efficient stays in convenient locations ensuring a hassle-free journey. With a focus on quality and simplicity, guests do more than just stay – they relax, recharge, and get ready for whatever comes next. With over 150 properties in 5 countries, City Express by Marriott, our flagship, stands alongside City Express Plus by Marriott, City Express Suites by Marriott, City Express Junior by Marriott, and City Centro by Marriott each uniquely designed for a different segment of travelers. City Express by Marriott is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments, and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit www.marriott.com/loyalty.mi. For more information or reservations, visit www.marriott.com, and for the latest company updates, visit www.marriottnewscenter.com.
ABOUT CORPORACIÓN POLARIS
Corporación Polaris is based in
View original content to download multimedia:https://www.prnewswire.com/news-releases/marriott-international-signs-multi-unit-agreement-with-corporacion-polaris-and-cardedeu-to-debut-city-express-by-marriott-in-el-salvador-302488321.html
SOURCE Marriott International, Inc.