Hotel Chain Announces Acquisition

Marriott International, Inc. has announced that it has entered into an agreement with Gaylord Entertainment Company to acquire the Gaylord brand and hotel management company for $210 million. If approved, Gaylord will continue to own the existing Gaylord hotels and Marriott will assume management of these properties under long-term agreements.  The transaction will add 4 hotels and approximately 7,800 rooms to Marriott’s portfolio.