|Bid||142.00 x 800|
|Ask||150.48 x 900|
|Day's Range||148.07 - 150.61|
|52 Week Range||106.02 - 153.39|
|Beta (5Y Monthly)||1.30|
|PE Ratio (TTM)||38.88|
|Earnings Date||Feb 25, 2020 - Mar 01, 2020|
|Forward Dividend & Yield||1.92 (1.29%)|
|Ex-Dividend Date||Nov 18, 2019|
|1y Target Est||144.57|
Marriott International has failed to halt a lawsuit against it in a Thai court filed by Minor International. The parent company of Minor Hotels Group advised investors of the outcome on Thursday. Minor, however, is still unable to proceed with the legal case in Thailand, pending another outcome later this month of a temporary injunction […]
Hyatt (H) announces the opening of Hyatt Place Waco-South in Waco, TX. The company's efforts to expand presence worldwide are noteworthy.
Houston First Corp.'s board has approved a plan that aims to bring a long-awaited W Hotel to downtown Houston. The Houston Chronicle reports that the board voted 10-3 in favor of the deal with Texas Hospitality Partners at its Jan. 16 meeting. Next, the deal goes to Houston City Council for approval.
Courtyard by Marriott, the Official Hotel of the NFL, announced today the winner of its Super Bowl Sleepover Contest – Denise Ammon. Courtyard by Marriott will host Ammon and a select group of her friends for an experience of a lifetime, including waking up in a Courtyard transformed suite inside the stadium on Super Bowl Sunday. All season long, Courtyard by Marriott and the global travel program Marriott Bonvoy have offered fans unprecedented access to NFL experiences that have created lasting memories, in celebration of the NFL's 100th Season. From the Courtyard Super Bowl Sleepover Contest to hundreds of NFL-related Moments made available exclusively to Marriott Bonvoy members, fans have been delighted all season long with NFL experiences that bring travelers closer to the game they love.
Hotel companies hardly ever shy away from creating new brands, even when they may sound and look like ones they already have. Hilton is the latest hospitality giant to debut another brand. The McLean, Virginia-based company on Thursday introduced Tempo by Hilton with a celebration in New York City. It is the sixth brand Hilton […]
A Triad-based hotel developer and operator has purchased an office building with plans to move its headquarters there. CN Hotels of Greensboro paid $1.38 million last month for a 24,000-square-foot office building on 8.8 acres at 711 Gallimore Dairy Road, south of Interstate 40 in High Point. The seller was First Community Bancshares of Bluefield, Virginia.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Grindr is sharing detailed personal data with thousands of advertising partners, allowing them to receive information about users’ location, age, gender and sexual orientation, a Norwegian consumer group said.The service -- described as the world’s largest social networking app for gay, bi, trans, and queer people -- gave user data to third parties involved in advertising and profiling, according to a report by the Norwegian Consumer Council that was released Tuesday. Twitter Inc. ad subsidiary MoPub was used as a mediator for the data sharing and passed personal data to third parties, the report said.“Every time you open an app like Grindr, advertisement networks get your GPS location, device identifiers and even the fact that you use a gay dating app,” said Austrian privacy activist Max Schrems. “This is an insane violation of users’ EU privacy rights.”The consumer group and Schrems’s privacy organization have filed three complaints against Grindr and five adtech companies to the Norwegian Data Protection Authority for breaching European data protection regulations. Schrems’s group Noyb will file similar complaints with the Austrian DPA in the coming weeks, according to the statement.Match Group Inc.’s popular dating apps OkCupid and Tinder LLC share data with each other and other brands owned by the company, the research found. OkCupid gave information pertaining to customers’ sexuality, drug use and political views, to the analytics company Braze Inc., the organization said.In a statement, Grindr said “while we reject a number of the report’s assumptions and conclusions, we welcome the opportunity to be a small part in a larger conversation about how we can collectively evolve the practices of mobile publishers and continue to provide users with access to an option of a free platform.”A spokeswoman for Match Group said OkCupid uses Braze to manage communications to its users, but that it only shared “the specific information deemed necessary” and “in line with the applicable laws including GDPR and CCPA.” Braze also said it didn’t sell personal data, nor share it between customers. Twitter is investigating the issue to “understand the sufficiency of Grindr’s consent mechanism” and has disabled the company’s MoPub account, a representative said.European consumer group BEUC urged national regulators to “immediately” investigate online advertising companies over possible violations of the bloc’s data protection rules, following the Norwegian report. It’s also written to European Commission executive vice-president Margrethe Vestager to take action.“The report provides compelling evidence about how these so-called ad-tech companies collect vast amounts of personal data from people using mobile devices, which advertising companies and marketeers then use to target consumers,” BEUC said in an emailed statement. This happens “without a valid legal base and without consumers knowing it.”The European Union’s data protection law, GDPR, came into force in 2018 setting rules for what websites can do with user data. It mandates that companies must get unambiguous consent to collect information from visitors. The most serious violations can lead to fines of as much as 4% of a company’s global annual sales.Where Tech Giants Are Getting Slapped Over Privacy: QuickTakeIt’s part of a broader push across Europe to crack down on companies that fail to protect customer data. In January last year, Alphabet Inc.’s Google received a fine of 50 million euros ($56 million) from France’s privacy regulator following a complaint by Schrems over the company’s privacy policies. Prior to GDPR, the French watchdog levied maximum fines of 150,000 euros.The U.K. threatened Marriott International Inc. with a 99 million-pound ($128 million) fine in July following a hack of its reservation database, just days after the U.K.’s Information Commissioner’s Office proposed handing a 183.4 million-pound penalty to British Airways in the wake of a data breach.Schrems has for years taken on large tech companies’ use of personal information, including filing lawsuits challenging the legal mechanisms Facebook Inc. and thousands of other companies use to move that data across borders.He’s become even more active since GDPR kicked in, filing privacy complaints against companies including Amazon.com Inc. and Netflix Inc., accusing them of breaching the bloc’s strict data protection rules. The complaints are also a test for national data protection authorities, who are obliged to examine them.In addition to the European complaints, a coalition of nine U.S. consumer groups urged the U.S. Federal Trade Commission and the attorneys general of California, Texas and Oregon to open investigations.“All of these apps are available to users in the U.S. and many of the companies involved are headquartered in the U.S.,” groups including the Center for Digital Democracy and the Electronic Privacy Information Center said in a letter to the FTC. They asked the agency to look into whether the apps have upheld their privacy commitments.(Updates with FTC complaint from U.S. consumer groups in last two paragraphs)\--With assistance from Stephanie Bodoni and Ben Brody.To contact the reporters on this story: Sarah Syed in London at email@example.com;Natalia Drozdiak in Brussels at firstname.lastname@example.org;Nate Lanxon in London at email@example.comTo contact the editors responsible for this story: Giles Turner at firstname.lastname@example.org, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
College Park's hotel scene grew exponentially during the tail end of the last decade and it appears poised to continue that growth into the next. The latest? A new Marriott Residence Inn, Republic Properties Corp.
Greensboro City Manager David Parrish said the city will pay for the excavation of the debris and hopes construction of the deck will begin in the spring.
Owners of hotels in the Charlotte area have invested more than $100 million on renovations — with more projects in the works.
Construction is underway on a 21-story, 381-room J.W. Marriott hotel — the first of its kind in Charlotte — at the corner of Stonewall and College streets. “Occupancies are at high levels so I think we have some room to grow.” The CRVA’s $127 million expansion of the Charlotte Convention Center, combined with a growing hotel inventory, will be a catalyst for landing large-scale events and conferences. “Other cities want these successes as well, and we have to continue to invest in our infrastructure.” There’s also demand driven by corporate commitments to the market, such as Honeywell International Inc. (NYSE: HON) and Truist Financial Corp. (NYSE: TFC).
The 192-room boutique hotel has been in the works since the dinner theatre was forced to vacate its waterfront space nearly a decade ago.
The Trump Organization has set a Jan. 23 deadline for potential bidders on its downtown D.C. hotel, and there are some big names in the running, according to The Wall Street Journal. The family of President Donald Trump brought on JLL (NYSE: JLL) in October to market the Trump International Hotel, which it operates under a long-term federal lease on the Old Post Office on Pennsylvania Avenue NW. Eric Trump, the executive vice president of the Trump Organization, told The Wall Street Journal in a prepared statement the property has “received tremendous interest” from “the biggest names in hospitality.” JLL declined to tell The Wall Street Journal what entities have expressed interest, but the report cites anonymous sources familiar with the process who say that a mix of domestic and foreign private equity firms, family buyers and hotel operators are potentially in the running — including Bethesda's Marriott International Inc. (NASDAQ: MAR) and Tysons' Hilton Worldwide Holdings Inc. (NYSE: HLT).
Investing in hedge funds can bring large profits, but it’s not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ complex research processes to determine the best stocks to invest in. A particularly […]
Remember those massive headline-grabbing fines that the UK’s data protection regulator handed out to Marriott and British Airways last year? The two proposed penalties — Marriott at $130.4 million (£99.2 million) and British Airways at $241.1 million (£183.4 million) — came within a day of each other last July, but not much has been heard […]
Kaplan told Triad Business Journal on Monday that portions of the basement -- including small tunnels used for utilities -- of the former S&W Cafeteria on Market Street were found buried on the site of the future parking deck, and must be excavated and removed. The former cafeteria, just east of the intersection of Market and Elm streets, was behind the former Belk department store, now the 101 S. Elm office building. "We're moving forward," Kaplan told TBJ without providing a timetable at a news conference announcing Kontoor Brands and Brady Trane Services as sponsors of hospitality areas at Steven Tanger Center for the Performing Arts.
The six-story building includes 130 hotel rooms, 47 residences, a 200-car parking garage and ground floor retail space.
There were few common threads in the way the hotel, airlines, and online travel sectors approached U.S. TV advertising in 2019, as their spending trends diverged widely. Among the three sectors, hotels was the only one to significantly hike U.S. national TV spend, according to estimates from television analytics firm iSpot.tv, while airlines cut their […]
Arne Sorenson became the CEO of Marriott International, Inc. (NASDAQ:MAR) in 2012. This report will, first, examine...
Florida's governor announced that more than $5.2 million will be used to fund infrastructure in rural areas across the state, including Palmetto in Manatee County. The city of Palmetto will receive $1.5 million to go toward street, water, sewer and stormwater improvements to support the construction of the Palmetto Sheraton Hotel adjacent to the Bradenton Area Convention Center, according to Gov. Ron DeSantis' Thursday announcement. It's going to connect from its ballroom to the conference center on the north side via a walkway so people will be able to go to hotel rooms and the convention center.
The three major hotel companies are expanding throughout Santa Clara County as they open brands aimed at business travelers. Here’s a snapshot of their activity, along with a sampling of rates.
Hilton, Hyatt and Marriott are building out dozens of new Silicon Valley hotels in the region's tight hospitality market. Many of the new properties are focused on the high-dollar business travel experience with unique amenities targeted specifically at business travelers.
Members of the Marriott family collectively sold more than $8 million in stock during the month of December.
Hilton has announced a wellness-focused brand of hotels called "Tempo". Yahoo Finance's Brian Cheung, Anjalee Khemlani and Emily McCormick join Seana Smith on The Ticker to discuss.