Marriott International and Spanish hotel group AC Hotels have formed a joint venture to manage and franchise a new co-branded hotel, AC Hotels by Marriott.

Under the joint venture agreement, more than 90 AC Hotels in Spain, Italy and Portugal will be rebranded AC Hotels by Marriott.

Both companies will also pursue other development opportunities in Europe and Latin America.

Marriott plans to double its European portfolio over five years to 80,000 rooms.

The AC Hotels by Marriott joint venture will have 9,100 rooms when it launches.