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Last $74.80 USD
Change Today -0.19 / -0.25%
Volume 1.2M
MAR On Other Exchanges
Symbol
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NASDAQ GS
Frankfurt
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

marriott international -cl a (MAR) Key Developments

Marriott International and Tripadvisor Announce Instant Booking Partnership

Marriott International, Inc. and TripAdvisor announced they are expanding their partnership and will add Marriott's global hotel portfolio to the TripAdvisor Instant Booking platform. The agreement also signifies a strategic partnership between Marriott and TripAdvisor to introduce new customers to Marriott s broad portfolio of 19 brands. The result is mutually beneficial to both partners from a strategic and economic standpoint. Marriott's partnership with TripAdvisor will make it easy for consumers to book the hotels, and allows Marriott to build a direct relationship with these guests even before arrival. The agreement also maintains the ability to control where the rates and inventory for Marriott s hotels are displayed. The partnership will continue to enables to offer the best benefits, such as Marriott Rewards and Ritz-Carlton Rewards points to the customers who choose to book directly on channels, including Marriott.com.

Marriott International, Inc. Opens New Hotels in Poland and the Netherlands

Marriott International has opened two new properties in Europe; Amsterdam, the Netherlands and Gdynia, Poland. Both properties will operate under a franchise agreement with Scandinavian Hospitality Management and will showcase the brand s new European design, which focuses on blending technology and style To meet the needs of business travellers, the European Courtyard Hotel design combines business functionality with a spacious, uncluttered style. Travellers can enjoy appealing and convenient food and drink options 24 hours a day and the dynamic lobby spaces feature free Wifi, flexible seating and smart, inspiring interior design that welcomes and invigorates guests. An interactive GoBoard screen provides up to the minute news, weather and local information so guests are always in touch. Courtyard Amsterdam Arena Atlas is in the business district Amsterdam Zuidoost, just 13 minutes train journey from Amsterdam Schiphol Airport and 10 minutes on the metro from the city centre. It is also close to some of the city s large venues, including Amsterdam RAI, Amsterdam ArenA and Heineken Music Hall. The 175-room property comprises 21 Premium and 154 Standard rooms, all of which have 42-inch Smart LED TV and complimentary Wifi. Six meeting rooms have latest AV, high speed Wifi access and natural light. The large meeting room has capacity for 140 guests. Courtyard Gdynia Waterfront offers 200 rooms. 134 Premium, 54 Standard, 11 Business, and one suite with views over the sea. A large, moveable desk, ergonomic chair, 40-inch LCD HD TV and a laptop sized safe along with complimentary Wifi throughout the hotel allows guests to tailor their working environment to their requirements. The hotel has nine meeting rooms including a 491 sq. meter ballroom which can be divided into four areas with a foyer and adjacent terrace boasting a BBQ and picnic area Gdynia celebrates the great outdoors and there is a large choice of sporting activities, indoors and out, close to the hotel, including bike-riding, horse-riding, fly fishing, water sports, squash, volleyball and golf. GåRD Nordic Kitchen will serve freshly prepared food in both hotels, inspired by traditional Scandinavian recipes. The hotel s restaurants are designed to attract local business as well as hotel guests and ensure a lively and energising atmosphere. Guests will be able to earn points for their stay towards free holidays, flights, room nights and more through Marriott Rewards, a frequent traveller programme with 50 million members worldwide offering exclusive membership privileges across 3,800 hotels and 74 countries.

Marriott International, Inc. Opens the AC Hotel Miami Beach

Marriott International, Inc. officially opened the AC Hotel Miami Beach. The opening of AC Hotel Miami Beach furthers the AC brand's U.S. expansion in the lifestyle space, catering to the creativity and passions of travelers with a millennial mindset. AC Hotel Miami Beach is designed for those creative, well-traveled, entrepreneurial spirits who are constantly on the go and who appreciate the oasis of a well-designed hotel that allows them to welcome moments of tranquility, be present and connect with others. Everything at AC Hotels by Marriott is created with intention. It edits away what is unnecessary in order to provide guests with thoughtfully designed moments of elegance that elevate their stay. The brand's style features clean, simple and crisp lines, marrying sophisticated European style with a distinctly modern feel. Designed by Miami-based Kobi Karp Architecture, AC Hotel Miami Beach features the brand's signature open-concept spaces outfitted with modern furnishings and decor, and thoughtfully selected modern artifacts and treasures. The seven-story hotel includes communal spaces that offer technology and complimentary WIFI for guests and locals to work, connect, explore and socialize. A destination for hobnobbing, the vibrant rooftop pool with ocean views serves as the focal point of the hotel, inviting guests and locals to unwind and enjoy a cocktail or snack. The guest rooms are designed to provide an oasis of modern design, with sleek furnishings, open closet system and hardwood floors. The AC Kitchen is open daily for breakfast, offering sweet and savory tarts, freshly baked croissants and a selection of artisan cured meats and cheeses. On-site parking, a fitness center and 270 sq. ft. of meeting space round out the hotels offerings. Located at 2912 Collins Avenue, the 150-room hotel was developed in partnership with Miami's Robert Finvarb Companies.

Marcus Hotels & Resorts Appoints Susan Madsen as General Manager of Cornhusker Hotel

Marcus Hotels & Resorts has appointed Susan Madsen as general manager of The Cornhusker, A Marriott Hotel in Lincoln, Nebraska. Madsen brings her extensive hospitality experience and a longtime career with Marriott hotels to Lincoln's newly renovated premier property. Madsen joins Marcus Hotels & Resorts from the Embassy Suites Omaha Downtown/Old Market, where she served as general manager since 2008. Prior to her position in Omaha, she served as general manager of the Kansas City Airport Marriott Hotel in Kansas City, Mo. Prior to her general manager roles, Madsen served as director of operations for the Minneapolis Marriott City Center. She ha also served in various human resources and sales roles for Marriott International and served as regional manager of sales and marketing at the Marriott Worldwide Reservation Center.

Marriott International and Marcus Hotels & Resorts Open New AC Hotel

Marcus Hotels & Resorts and Marriott International, Inc. announced the opening of the AC Hotel Chicago Downtown, bringing European timelessness and elegance to Chicago’s Magnificent Mile. The 226-room hotel located at 630 N. Rush Street is the fourth AC Hotels by Marriott branded property to open in the U.S. Located in Chicago’s River North area, the heart of the city’s shopping, dining and entertainment district, the AC Hotel by Marriott lifestyle brand targets the millennial traveler searching for a design-led hotel in a vibrant location with high-quality service. The brand boasts urban, simplistic and clean designs with European aesthetics and elegance, the latest technology and communal functional spaces. The result is elegant yet unpretentious style, innovative food and beverage programming and locally inspired experiences for both guests and locals. Designed by The Gettys Group, the AC Hotel Chicago Downtown provides an energetic vibe, drawing from the runways and fashion houses of Milan. Taking influence from its European roots, the AC Hotel Chicago Downtown uses muted colors and monochromatic color schemes throughout, showcasing a timeless design that is both modern and refined.

 

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MAR

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Valuation MAR Industry Range
Price/Earnings 27.7x
Price/Sales 7.3x
Price/Book NM Not Meaningful
Price/Cash Flow 22.6x
TEV/Sales 5.8x
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