Marriott extends luxury hotel brand to Caribbean

Marriott International Inc., which noted the strong market in worldwide travel in its most recent earnings report, is extending its luxury hotel brand, JW Marriott Hotels & Resorts, to Santo Domingo, Dominican Republic.

The 131-room hotel, Marriott’s first JW Marriott in the Caribbean, will open in 2014.

“The Dominican Republic is a highly desirable destination for today’s luxury traveler and a growing business hub in the Caribbean,” said Chairman J.W. Marriott Jr.

The JW Marriott brand now has a presence in 22 countries, with 53 properties.

Marriott stock (NYSE: MAR) reached a 52-week high of $39.89 per share on April 19. It reported earnings of $104 million for its most recent quarter, and added two dozen properties. The company also has 700 properties in the pipeline —under construction, awaiting conversion or approved for development.

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