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MUMBAI: Viacom's kid's channel Nickelodeon has tied up with Marriott International,
Inc. and Miller Global Properties LLC, an international real estate investment
and development company, to co-develop a new lodging resort brand and concept
for travellers. An
official announcement issued by the company states that 20 potential hotels are
expected to be under construction by 2020 under the name 'Nickelodeon Resorts
by Marriott.' Miller
Global will have certain exclusive rights to develop and own the resorts in specified
geographic areas, and plans to seed an investment fund that is expected to initially
provide $300 million of dedicated development equity capital. All
"Nickelodeon Resorts by Marriott" properties will be managed by Marriott,
adds the release. |