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HM on Location: AHLA s ForWard Conference highlights women s stories
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First 19 development projects announced under Marriott s Bridging the Gap program
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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.
Officials of She Has a Deal today announced the five finalist teams of the Early Career track selected to advance to the final round of SHaDPitch 2023. The annual hotel investment pitch competition allows teams of early career women to compete for the prize of $50,000 of equity in SHaD’s Prosperity Fund I, following the conclusion of a virtual, preliminary round of pitching. The goal of She Has a Deal is to increase the number of women owning and developing hotels. The organization is an ecosystem that offers inspiration and education through its EdTech platform to channel the power of collaboration and mentorship. She Has a Deal creates new pathways to hotel ownership and development by exposing participants to the hard-to-find details needed to successfully source, analyze, raise capital and close hotel real estate investment deals.
2023 Leading Women Defined (LWD) Masterclass presenter Tracy Prigmore talks all-things hotel investments and building wealth.
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