|Bid||125.72 x 900|
|Ask||0.00 x 900|
|Day's Range||127.00 - 129.43|
|52 Week Range||100.62 - 144.24|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||30.93|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||1.78 (1.39%)|
|1y Target Est||140.35|
The buyer of the Courtyard by Marriott (NASDAQ: MAR) under construction in downtown Winston-Salem was familiar with the project. In fact, Hotel Equities, which is in a partnership with Virtua Partners – a global, private equity firm specializing in commercial real estate – was going to manage the 126-room Courtyard prior to purchasing it last week. The hotel is located at 640 W. Fourth St., between Foothills Brewery and a 750-space, public parking deck.
The new project is proposed by Greenville, South Carolina-based Auro Hotels, created from executives of the former JHM Hotels entity.
A prominent Triad developer has sold a new downtown hotel before it's opened. Commercial Realty Advisors of Winston-Salem, headed by John Reece II, and Clarendon Properties of Wilmington, sold the Courtyard by Marriott (NASDAQ: MAR) at 640 W. Fourth St., Winston-Salem for $8.48 million. The buyer was Virtua Partners, an Arizona-based, private-equity real-estate firm.
The big hotel companies love brands. They love buying them, and they love creating them. It enables them to grow market share by cornering new parts of the market that their existing brands supposedly don't cover, and the luxury segment remains an important battleground. In their own way, each of the leading hotel companies that […]The post 5 Luxury Takeaways From the Latest Hotel Earnings Season appeared first on Skift.
Some of the world's largest hotel brands are betting big on an Nashville tech startup founded by former Gaylord Entertainment executives. Groups360 has closed on a $50 million investment by hospitality companies Accor, Hilton, InterContinental Hotels Group and Marriott International, the company announced Monday As a result of the deal, each investor will receive a seat on Groups360’s board of directors, according to a news release. Groups360, which helps large groups find and book hotel rooms and event space, lists more than 170,000 hotels in 225 countries on its platform.
The ratings on the P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio and Moody's stressed debt service coverage ratio (DSCR), are within acceptable ranges. The rating on the IO class was affirmed based on the credit quality of the referenced classes.
The event technology landscape has seen major consolidation in recent years, led by Cvent as it scales up to retain its position as the industry leader. Global hotel chains, which have long-neglected an embrace of event space booking technology on their own terms, have made a new investment with major ramifications for meeting planners and […]The post Marriott, IHG, Accor and Hilton Invest in Meetings Booking Platform appeared first on Skift.
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
Marriott is set to make significant changes to the way that its Bonvoy loyalty members pay for award nights with points. Starting in September, the program will move to a dynamic model that prices awards across three tiers as a function of demand. In the peak season or when a hotel is otherwise busy, members […]The post Marriott to Introduce Dynamic Pricing for Bonvoy Award Bookings appeared first on Skift.
As demonstrations in Hong Kong enter their 11th week, a political crisis triggered by opposition to an extradition bill is threatening to become an economic one for Asia’s financial hub.
Hyatt's (H) differentiated brand portfolio, strong expansion plans and acquisition strategies are likely to spur growth in a competitive environment.
EDITION Tampa, the boutique hotel topped with luxury condos in Water Street Tampa, has officially broken ground. Strategic Property Partners, the developer of Water Street, said Wednesday that the 27-story EDITION — which includes 172 guest rooms and 37 condos — is under construction across the street from Amalie Arena, at the northwest corner of Channelside Drive and Water Street. It is slated to open in spring 2021. The condos — the first hotel-branded condos in Tampa and the third EDITION branded condos in the U.S. — will be on floors 10 through 27. “The Residences at The Tampa EDITION will be world-class listings that set a new standard for luxury throughout the region, with spectacular views, gracious layouts including extensive private balconies that extend every unit to the view, and a full suite of amenities and services available on site — all within one of the most exciting neighborhoods in Tampa," Bob Glaser, president and CEO of Smith & Associates, said in a statement.
The rooftop lounge showcases a panorama of downtown Tampa and downtown St. Pete, air traffic at Tampa International Airport and the Howard Frankland Bridge on Interstate 275.
Several of the region’s hoteliers and hotel property owners are trying to temper investors’ expectations for the remainder of the year.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...
Marriott knows two things for certain about its homesharing business launched back in April: The offering is still tiny compared to market rivals, and Marriott Bonvoy, the industry’s largest loyalty offering at 133 million users, will likely be the catalyst for its growth. Yet the hotelier does not have any idea how large the ancillary […]The post Don't Expect Marriott's Homesharing Business to Compete With Airbnb Just Yet appeared first on Skift.
The company behind a major Financial District redevelopment is making tweaks in a bid to ride the city's strengthening hospitality wave. The project at 447 Battery St., originally proposed in 2016 to include both condos and hotel rooms, will now be exclusively a 198-room hotel. The shift was prompted by the decision to maintain the original structure on the property — a three-story brick building occupied by Cort Furniture Rentals on the ground floor — and resulted in the loss of eight condominium units initially included in the design.
BETHESDA, Md. , Aug. 8, 2019 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) today announced that its board of directors declared a quarterly cash dividend of 48 cents per share of common stock. ...
BETHESDA, Md., Aug. 7, 2019 /PRNewswire/ -- Some of the hottest names in music will be returning to their hometowns for free live music performances for fans as part of the Live at Aloft Hotels Homecoming Tour. Aloft Hotels, Marriott International's brand for music lovers and music makers, and Universal Music Group & Brands (UMGB), the brand partnership division of Universal Music Group, have joined together for a special tour thanking the fans for helping to launch the careers of some of today's most talked-about artists. With its long-standing live music program Live at Aloft Hotels, the Homecoming Tour is Aloft's way of continuing to support the artist community by taking musicians back to the locations that made them who they are today, as well as giving the fans that supported them from the beginning a chance to reconnect with their hometown headliners in an intimate setting.
Extended Stay's (STAY) second-quarter 2019 earnings decline due to dismal comparable system-wide RevPAR as well as rise in comparable company-owned hotel operating expenses.