Marriott eyes tier 4 markets and beyond, may end the year at record high

This May, Marriott announced the global launch of its new collection brand for the mid- and upscale lodging segments 'Series by Marriott' through a deal with Concept Hospitality. Established in 1996 by Param Kannampilly, Concept Hospitality has a portfolio of six brands and over 100 operational and in pipeline hotels.