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First 19 development projects announced under Marriott s Bridging the Gap program traveldailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from traveldailynews.com Daily Mail and Mail on Sunday newspapers.
As part of Marriott International’s (Nasdaq: MAR) ongoing commitment to diversity, equity and inclusion, the company today announced that the first 19 projects receiving financial support and other incentives through “Marriott’s Bridging the Gap” program will include the company’s Aloft Hotels, Autograph Collection, Fairfield Inn & Suites, Residence Inn, SpringHill Suites, TownePlace Suites and Tribute Portfolio brands. The program, announced in 2022 with a $50 million initial investment from Marriott, aims to build a more diverse Marriott owner and franchisee community by addressing barriers to entry in hotel ownership among historically underrepresented groups including Black, Hispanic/Latino, Native American/First Nation and Women owners. In addition to providing access to valuable capital, Marriott is utilizing its extensive relationships with seasoned hotel developers, operators and lenders to assist and support eligible owners’ hotel projects.