Sarova Hotels Lists on Nairobi Bourse
KENYA, April 06, 2006. Sarova Hotels Group is planning to list on the Nairobi Stock Exchange and build new hotels in Uganda and Tanzania, a company official has said.
"We are planning to list on the Nairobi Stock Exchange through which we shall raise funds to build modern hotels in East Africa," the acting general manager of Sarova Stanley Hotel in Nairobi, James Gituanja, said. "The hotels we shall build will also be listed on the local stock exchanges so that they raise funds for extension programmes," Gituanja told Ugandan tour operators who were on a study tour of the services provided by Sarova Group in Nairobi and Mombasa recently.
The operators included Bunyonyi Safaris, J.CM Travel, Midas Touch, Lets Go Travel, Tours and Travel Centre, Sanaa Travels, Karibu Travel Services and Africa Travel.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
