Alibaba Group and Marriott International Announce Innovative Joint Venture to Redefine Travel Experience

Joint Venture to Create Seamless, Insight-based Travel Services, With Alibaba Serving as Gateway to More than Half a Billion Chinese Consumers Chinese Outbound Travel Set to Boom with 700 Million Trips Estimated for the Next Five Years as Consumers Seek New, Elevated Travel Experiences August 7, 2017 – Alibaba Group Holding Ltd. (“Alibaba”) (NYSE: BABA) and Marriott…

Marriott International Sells The St. Regis San Francisco; Retains Long-term Management Agreement

Marriott International, Inc. (NASDAQ: MAR) today announced it has completed the sale of The St. Regis San Francisco hotel for approximately $175 million to Qatar Investment Authority (QIA). Marriott will continue to manage the hotel under a long-term management contract. “We have a strong and successful partnership with QIA and we are thrilled that this…