BETHESDA, MD–Marriott International plans toopen five new hotels — specifically its select-service brands AC byMarriott and Residence Inn — at retail centers owned by one of theindustry's leading retail REITs, Simon PropertyGroup, over the next several years.

The REIT began adding hotels to its retail properties about 15years ago and now it is stepping up this strategy.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.