|Bid||130.02 x 300|
|Ask||154.00 x 200|
|Day's Range||128.08 - 129.90|
|52 Week Range||81.04 - 129.99|
|PE Ratio (TTM)||35.36|
|Earnings Date||Feb 13, 2018 - Feb 19, 2018|
|Forward Dividend & Yield||1.32 (1.03%)|
|1y Target Est||127.25|
Dec.05 -- Arne Sorenson, chief executive officer at Marriott International, discusses the company’s pipeline of new hotels in Asia, global growth, and the impact of the U.S. Travel Ban. He speaks with Bloomberg Television's Stephen Engle.
BETHESDA, Md. (AP) — Marriott International's plans to open a new $600 million headquarters in suburban Maryland has been approved by a local planning board.
The Montgomery County Planning Board voted Thursday to approve the site plan for Marriott International Inc.'s proposed headquarters in downtown Bethesda after the project's developers and county transportation department resolved the last in a series of potential sticking points. Boston Properties (BXP) and Bernstein Cos. struck a compromise with the transportation department in which both will cover part of the costs for the series of additional road improvements, including a new traffic signal and bike paths, said Chris Conklin, deputy director for transportation policy with the Montgomery County Department of Transportation. The two sides were at odds over what could have been more than $1 million in additional costs the developers said they could not absorb into the Marriott (MAR) headquarters deal, a major economic development win for the county and state of Maryland.
Marriott International Inc (NASDAQ:MAR) outperformed the Hotels, Resorts and Cruise Lines industry on the basis of its ROE – producing a higher 27.33% relative to the peer average of 11.34%Read More...
Greater Miami is a hot spot this year to celebrate New Year's Eve with a wide array of live entertainment such as Demi Lovato and Travis Scott. Luxury hotels including Four Seasons Miami, Fontainebleau Miami Beach and Boca Raton Resort and Club are offering a variety of dining and room packages.
Marriott (MAR) is consistently trying to expand its presence worldwide, making huge investments to capitalize on the demand for hotels globally.
BETHESDA, Md., Dec. 12, 2017 /PRNewswire/ -- JW Marriott Hotels & Resorts today announced its partnership with Nora Tobin, naming the health and wellness leader as the brand's Wellness Ambassador. This partnership stems from JW Marriott's commitment to the guest passion of well-being, offering busy business and leisure travelers alike new ways to live healthy, fulfilling lives on the road. "We are excited to welcome Nora Tobin as JW Marriott Hotels & Resorts' Wellness Ambassador, arming our guests with a variety of ways to live well while traveling," said Mitzi Gaskins, Vice President & Global Brand Manager, JW Marriott Hotels & Resorts.
Aramark Corp. completed its $1.35 billion purchase of Rockville hospitality procurement services provider Avendra LLC on Monday, giving Marriott International Inc. a $659 million exit. Avendra's founding shareholders — including Marriott, Hyatt, Accor, ClubCorp and IHG — each received payouts from the sale, which was first announced in October . Avendra was started with a $13 million investment from Marriott (MAR), which gave the Bethesda hospitality company a 55 percent interest in the company.
BETHESDA, Md., Dec. 11, 2017 /PRNewswire/ -- Marriott International (MAR) today announced that the owners of Avendra, LLC have completed the sale of Avendra to Aramark (ARMK) for $1,350 million. After redemption of management participation rights, transaction costs, and repayment of Avendra's outstanding debt, Avendra's founding shareholders - Marriott, Hyatt, Accor, ClubCorp and IHG - received $1,201 million in cash proceeds from the transaction. Marriott received $659 million for its 55 percent interest in Avendra. In addition, in conjunction with the sale of Avendra, Marriott has entered into a 5-year procurement service agreement with Aramark on behalf of its managed hotel system in the Americas.
BETHESDA, Md., Dec. 11, 2017 /PRNewswire/ -- Marriott International, Inc. (MAR) today announced the company is set to open nearly 40 luxury hotels in 2018 as the company continues to cater to a new affluent traveler, offering an unmatched variety of transformative travel experiences. Providing globetrotters with a truly global perspective and an unparalleled portfolio of eight distinct luxury brands, Marriott International Luxury Brands include world-renowned hospitality hallmarks The Ritz-Carlton, Ritz-Carlton Reserve, St. Regis, W Hotels, The Luxury Collection, EDITION and JW Marriott.
The hotel space could certainly get a little cozier. Amid market fragmentation and rising competition from alternative accommodations , Morgan Stanley sees prospects for consolidation. The Ratings Analyst ...
FORT COLLINS, Colo., Dec. 6, 2017 /PRNewswire/ -- Today, The Elizabeth Hotel officially opens its doors in historic Old Town Fort Collins as part of Autograph Collection Hotels' diverse portfolio of more than 125 hotels around the world - all one-of-a-kind properties that champion values of vision, design and craft. Guests of The Elizabeth Hotel can enjoy locally inspired art, music and craft beer at the hotel, serving as an introduction to the city's culture and lifestyle. Cultivated by McWHINNEY, a Colorado-based national real estate development company, and Sage Hospitality, the hotel's operator, the 164-room hotel invites guests to explore the adjacent pedestrian-only Firehouse Alley with direct access to shops, dining and community activations.
J.P. Morgan Chase and American Express will remain credit-card issuers for the Marriott International rewards program.
Marriott International signed a deal with JPMorgan Chase and American Express to issue co-branded credit cards associated with its loyalty programs, the world's largest hotel chain said on Tuesday. The ...
BETHESDA, Md., Dec. 5, 2017 /PRNewswire/ -- Marriott International (MAR) today announced it reached new agreements with JPMorgan Chase and American Express for its U.S.-issued, co-brand credit cards associated with its loyalty programs.
American Express Co. signed another co-brand deal, winning dual-issuing rights with JPMorgan Chase & Co. for Marriott International Inc.’s suite of cards.
Marriott's (MAR) consistent efforts to expand worldwide, given a steady rise in business and leisure travel, are likely to drive growth in the near as well as long term.
BETHESDA, Md., Dec. 4, 2017 /PRNewswire/ -- Westin Hotels & Resorts together with TRX® announce a global partnership, bringing the global leaders in functional training and fitness equipment to more than 200 WestinWORKOUT® Fitness Studios around the globe. In addition to putting fitness at guests' fingertips with curated content in the new TRX App, both brands have created a custom pre-run workout, allowing Westin Run Concierges to enhance group runs and leverage TRX equipment — including TRX Suspension Trainers™ and Functional Training Tools — available in the hotels. "Westin recently brought together our passionate network of Run Concierges at the brand's annual Run Concierge Summit to challenge the status quo in wellness offerings and continue to drive our dedication to be better partners in our guests' well-being before, during and after their stay," said Brian Povinelli, SVP and Global Brand Leader, Westin Hotels & Resorts.
MUNICH, Dec. 4, 2017 /PRNewswire/ -- Autograph Collection Hotels, Marriott International's distinctive collection of passionately independent hotels, today announced its fourth hotel in Germany with the opening of Roomers Munich, located in the city's burgeoning Westend. "With its unparalleled location, immersive design and bespoke dining experiences, Roomers Munich perfectly embodies the exactly like nothing else ethos of the brand," said Brian Povinelli, Senior Vice President and Global Brand Leader, Autograph Collection Hotels.
Marriott's (MAR) continual expansion strategies to expand brand presence are reflected in the latest The Whitley in Atlanta launch.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Services sector is rising.
Apple • AAPL-Nasdaq Overweight • Price $173.07 on Nov. 28 by Morgan Stanley Recent shipment data show the iPhone losing share in China, fueling concerns about a weaker product cycle. With a large base of iPhones due for upgrades, we still see 80% China iPhone unit growth in fiscal-year 2018.