Nickelodeon To Create Lodging Resort Brand

There will be plenty of “sliming” worldwide as Nickelodeon plans to create Nickelodeon Resorts by Marriott, a new lodging resort brand and concept in conjunction with Marriott International Inc. and Miller Global Properties. The deal proposes 20 upscale, self-contained destination resorts expected to be under construction by 2020. Miller Global will have certain exclusive rights to develop and own the resorts in specified geographic areas and will initially provide $300 million of dedicated development equity capital. All properties will be managed by Marriott.