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Marriott International Inc (MAR.OQ)

MAR.OQ on NASDAQ Stock Exchange Global Select Market

94.42USD
28 Apr 2017
Change (% chg)

$-1.32 (-1.38%)
Prev Close
$95.74
Open
$95.91
Day's High
$95.91
Day's Low
$93.71
Volume
957,997
Avg. Vol
951,239
52-wk High
$96.81
52-wk Low
$60.87

Latest Key Developments (Source: Significant Developments)

Marriott International sells 759-room Westin Maui Resort & Spa for about $317 mln
Monday, 3 Apr 2017 08:00am EDT 

Marriott International Inc : Marriott - deal for approximately $317 million . Marriott international sells the 759-room Westin Maui Resort & Spa and retains long-term management agreement .Marriott - buyer is a joint venture among funds managed by Trinity Investments LLC and Oaktree Capital Management, L.P..  Full Article

Marriott sees diluted earnings per share of $5.25 to $5.80 by 2019
Tuesday, 21 Mar 2017 06:50am EDT 

Marriott International Inc : Marriott - will outline plans to accelerate its growth, adding 285,000 to 300,000 rooms worldwide by 2019 . Marriott - will outline plans to accelerate its growth which could yield a record $675 million in annual stabilized fees from these rooms . Marriott -in its three-year growth plan, company expects to earn $675 million in stabilized fees from hotel rooms added to its system in 2017 through 2019 . Marriott - non-property related franchise fees, largely credit card branding fees, should increase by $100 million during 2017 through 2019 . Marriott - sees diluted earnings per share of $5.25 to $5.80 by 2019, a compound growth rate of 17 to 21 percent over 2016 combined results . Shareholders could see $1.4 to $1.5 billion in dividends, assuming a continued 30 percent payout ratio over three-year period . Growth plan assumes, but does not forecast revPAR growth of 1 to 3 percent compounded annually through 2019 . Marriott- Over next 3 yrs, expects net room growth to accelerate to annual compound rate of 6.5 percent, versus 5 percent annual compound rate over last 3 yrs .Shareholders could see $6.9 to $7.8 billion in share repurchases over three-year period.  Full Article

Marriott International says expects to increase size of its portfolio in Europe across all segments of industry
Tuesday, 7 Mar 2017 09:14am EST 

Marriott International Inc : Marriott international announces 2020 growth vision in europe post starwood acquisition . Marriott - expects to increase size of its portfolio in europe across all segments of industry . Marriott - plans to debut delta hotels by marriott in continent, expecting to have over 4,000 opened or signed rooms for brand in europe by 2020 .Marriott - also targeting to triple number of signed deals for w hotels, in europe by 2020, has announced signings in prague,budapest already in 2017.  Full Article

Marriott International sells St. Regis San Francisco hotel for $175 mln
Thursday, 1 Dec 2016 12:34pm EST 

Marriott International Inc : Marriott International sells the St. Regis San Francisco; retains long-term management agreement . Sale of St. Regis San Francisco hotel for approximately $175 million to Qatar investment authority .Co will continue to manage St. Regis San Francisco hotel under a long-term management contract.  Full Article

Marriott International sets quarterly dividend of $0.30/share
Thursday, 10 Nov 2016 10:59am EST 

Marriott International Inc :Sets quarterly cash dividend of $0.30 per share.  Full Article

Marriott International completes acquisition of Starwood Hotels & Resorts
Friday, 23 Sep 2016 12:35am EDT 

Marriott International Inc - :Says completed its acquisition of starwood hotels & resorts worldwide inc.  Full Article

Marriott International updates on China's Ministry Of Commerce review
Monday, 8 Aug 2016 08:10am EDT 

Marriott International Inc : Update on china's ministry of commerce review of Marriott and Starwood merger . At request of Chinese Ministry Of Commerce, agreed to extend time period for MOFCOM to complete review of Marriott-Starwood merger . Approval by china's ministry of commerce is only remaining merger clearance required before transaction may close . Additional review period, known as phase three, could last up to 60 days .Marriott and Starwood "continue to believe that their planned merger transaction poses no anti-competitive issues in china".  Full Article

Marriott International Q2 earnings per share $0.96
Wednesday, 27 Jul 2016 04:39pm EDT 

Marriott International Inc : For FY sees standalone comparable systemwide REVPAR on constant dollar basis will grow 3 percent in N. America, outside n. America and worldwide . On a standalone basis, Marriott expects full year 2016 adjusted EBITDA could total $1,889 million to $1,904 million . Sees q3 total fee revenue $495 million to $500 million; sees q4 total fee revenue $485 million to $490 million . Marriott international reports second quarter 2016 results . Q2 adjusted earnings per share $1.03 excluding items . Q2 earnings per share $0.96 . Q2 earnings per share view $0.98 -- Thomson Reuters I/B/E/S . Q2 revenue $3.9 billion versus i/b/e/s view $3.9 billion . Sees q3 total fee revenue $495 million to $500 million . Sees q4 total fee revenue $485 million to $490 million . Expects standalone investment spending in 2016 will total approximately $450 million to $550 million . North American comparable systemwide constant dollar REVPAR rose 3.2 percent in q2 . On a constant dollar basis, worldwide comparable systemwide REVPAR rose 2.9 percent in q2 . Sees FY standalone comparable systemwide REVPAR on constant dollar basis up roughly 3 percent in North America, outside North America and worldwide . "acquisition of Starwood Hotels & Resorts worldwide is expected to close in coming weeks" . Sees Q3 standalone comparable systemwide REVPAR on constant dollar basis up 3 to 4 percent in North America, outside North America and worldwide.  Full Article

Marriott International and NBA announce partnership extension
Thursday, 21 Jul 2016 01:54pm EDT 

Marriott International Inc : Co and National Basketball Association (NBA) announced a partnership extension . In addition, Marriott International will become an official partner of USA Basketball .Partnership extension will make co partner of league events, including NBA House Rio, NBA All-Star, and select NBA global games.  Full Article

Marriott gets antitrust clearance from European Union to buy Starwood
Monday, 27 Jun 2016 12:37pm EDT 

Marriott International Inc : Marriott receives antitrust clearance from the European Union to acquire Starwood .Marriott and Starwood anticipate closing transaction in July 2016.  Full Article

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