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Last $81.37 USD
Change Today -0.47 / -0.57%
Volume 2.2M
MAR On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 4:30 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

marriott international -cl a (MAR) Key Developments

Marriott Hotels Announces the Opening of Guyana Marriott Hotel Georgetown

Marriott Hotels, the brand of Marriott International, Inc. announced the opening of Guyana Marriott Hotel Georgetown, the first Marriott International property for the country. Surrounded by the high-tech features and iconic glamour of the all-new Marriott Hotel, the 500 VIP guests, enjoyed the live music of the National Steel Orchestra, sipped on the Guyana Marriott Signature cocktail and dined from a specially curated menu by executive chef of international and local Guyanese delights. TECHNOLOGY: The Guyana Marriott Hotel Georgetown debuts technology throughout the property starting with offering the wireless internet available on the market making easier for travelers to stay connected through email, social media and video streaming. Recognizing that guests are dependent on their mobile devices, the hotel will offer the company’s innovative mobile check-in service for a seamless arrival process for guests. The property will also feature Red Coat Direct, a first-of-its-kind app that lets meeting planners input and adjust meeting requests with a swipe of a screen. Business travelers will appreciate the fitness center, complimentary for hotel guests only. Built for the athletic guest in mind, the fitness facility features the latest equipment and tech for cardio, strength and core training. INNOVATIVE & BOLD DESIGN: The 197-room Guyana Marriott Hotel Georgetown creates a striking new visual in the city both inside and out and is equipped to enable guests to Travel Brilliantly. Located in the heart of Georgetown where the Demerara River meets the Atlantic Ocean, the hotel features the brand’s signature interactive Greatroom concept. The Greatroom lobby provides a destination where guests and locals can gather, by themselves or with friends or colleagues, to relax, socialize and work. With free Wi-Fi and USB ports and outlets throughout the lobby, hotel guests and locals can work on their laptops and relax with their own tablets. The hotel’s custom designed guestrooms feature a soothing neutral palate, Wi-Fi, luxury bedding, LCD TV’S, alarm clocks with iPhone 5 and iPad docking station, and Marriott Hotels’ signature bath amenities by THANN, a natural Thai skincare line. For the local and visiting foodies, the property features the long awaited Terra Mare restaurant that boasts a complete culinary experience from land and sea with a full wine list that pairs beautifully with the featured dishes. The hotel also has an outdoor modern pool deck with a sleek bar & grill, and more than 8,900 square feet of meeting space, including a beautiful, modern grand ballroom.

Marriott International Plans to Open the First Courtyard by Marriott Brand Hotel in Curaçao

Marriott International announced plans to open the first Courtyard by Marriott brand hotel in Curaçao in the city of Willemstad. The project will be developed by CMC Real Estate N.V. The 177-room Courtyard by Marriott hotel, scheduled to open in 2017, will be located only a few blocks from the existing cruise ship terminal. The property will be part of amixed- useddevelopment that will include retail space, an entertainment area, three restaurants and a casino. The hotel will feature the brand’s signature refreshing business lobby, lobby bar, a coffee shop, an outdoor pool, fitness center and flexible meeting space. Additionally, it will include the brand’s new modern guestroom design which is intuitive and thoughtful, offering flexible yet comfortable spaces that enable technology.

Marriott Plans To Acquire Distressed Hospitality Assets In India

Marriott International, Inc. (NasdaqGS:MAR) is planning to acquire distressed hospitality assets in India. Marriott expects the growth to come from local middle-class travellers.

Marriott Mulls Acquisitions

Marriott International, Inc. (NasdaqGS:MAR) is looking for acquisitions. Arne M Sorenson, President and Chief Executive of Marriott International, Inc. said, "We will look at taking over distressed hotels and then sell them to somebody else in the future. These would be individual assets, not the typical M&A style of acquisitions and would be in consultation with our partners in India."

Marriott International Inc. Announces Retirement of Harry Pearce as Director

Marriott International Inc. announced that Harry Pearce will not stand for re-election to the company's board at the 2015 annual shareholder meeting scheduled for May 8, 2015. The board has nominated Susan Schwab for election at the meeting to fill the vacancy. She is a professor at the University of Maryland School of Public Policy and a strategic adviser to Mayer Brown LLC.

 

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MAR

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Valuation MAR Industry Range
Price/Earnings 32.3x
Price/Sales 8.4x
Price/Book NM Not Meaningful
Price/Cash Flow 26.1x
TEV/Sales 6.9x
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