Marriott to double number of hotels in China

Marriott International Inc. plans to invest $2 billion over the next three years to open new hotels in an additional 30 countries, with more than a quarter of the new openings in Asia, particularly China.

The Wall Street Journal reports that of the Asian properties, 14 percent will be in China as Marriott (NYSE: MAR) looks to double the number of hotels in China from its current 54 in Beijing, Shanghai and smaller cities.

The newspaper reports that Marriott is targeting young, affluent travelers and is dedicating nearly a third of the $2 billion investment in Marriott's Edition brand.

Marriott earlier this year said it would invest $800 million of its own money into developing three Edition hotels in New York, London and Miami Beach.

Marriott launched the Edition brand in Honolulu, but its management team was ousted last summer in a middle-of-the-night takeover by the Waikiki hotel's owners and an affiliate of Honolulu-based Aqua Hotels and Resorts. The hotel, which is next door to the Ilikai Hotel? ? Ilikai Hotel Latest from The Business Journals Owner of Ilikai posts Q1 loss of millionCasinos in Hawaii make no business senseAnderson helps Colony Capital with Aloha Tower Follow this company , was renamed the Modern Honolulu.

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