Miller Global, which will have certain exclusive rights todevelop and own the resorts in specified geographic areas, willseed an investment fund that will initially provide $300 million ofdedicated development equity capital. "That is the initial seedmoney," explains a Marriott spokesman. "As we go forward andadditional locations are identified there will be additionalinvestments possible over time," he tells GlobeSt.com.
Marriott will manage all of the Nickelodeon Resorts by Marriottproperties. A unit of Viacom International's MTV Networks,Nickelodeon is providing its brand and entertainment --specifically its kid-friendly content -- to the deal.
As an example of the trio's plans, a signature feature in all ofthe resorts will be live entertainment programs featuring suchcostumed Nickelodeon characters as Dora the Explorer and SpongeBobSquarePants.
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