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Marriott International Inc (MAR.OQ)

MAR.OQ on NASDAQ Stock Exchange Global Select Market

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$102.85
Open
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Volume
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Latest Key Developments (Source: Significant Developments)

Condor Hospitality executes agreement to buy 3 Marriott-branded hotels
Tuesday, 18 Jul 2017 07:30am EDT 

July 18 (Reuters) - Condor Hospitality Trust Inc ::Condor Hospitality Trust executes agreement to acquire three Marriott-branded hotels in Texas.Condor Hospitality Trust Inc - deal for ‍$59,600,000.​.Condor Hospitality Trust Inc - ‍expects that hotels will continue to be managed by Aimbridge Hospitality​.Condor Hospitality Trust Inc -‍plans on accelerating ongoing capital recycling program with disposition of five of remaining six legacy assets by year-end 2017​.  Full Article

Ashford Hospitality Prime reports further progress on non-core hotels strategy
Tuesday, 20 Jun 2017 08:00am EDT 

June 20 (Reuters) - Ashford Hospitality Prime Inc ::Ashford Hospitality Prime Inc says announces further progress on non-core hotels strategy.Ashford Hospitality Prime -entered agreement with marriott to convert its courtyard Philadelphia downtown hotel to an autograph collection property.Ashford Hospitality Prime Inc - company has begun marketing for sale its marriott plano legacy hotel.  Full Article

Marriott issues statement on Cuba
Thursday, 15 Jun 2017 02:15pm EDT 

June 15 (Reuters) - Marriott International Inc ::Marriott's CEO Arne Sorenson says "urge the trump administration to recognize and utilize travel as a strategic tool in its efforts to improve relations with cuba".Marriott's ceo says it would be "exceedingly disappointing" to see progress made in last 2 years between U.S. & Cuba halted and reversed by U.S. administration‍​.  Full Article

Marriott says expects to grow its collection brands by nearly 50 pct by 2019​
Monday, 5 Jun 2017 07:00am EDT 

June 5 (Reuters) - Marriott International Inc :Marriott - ‍expects to grow its collection brands by nearly 50% by 2019.​.  Full Article

Marriott, on June 1, Carey Watermark Investors 2 acquired Charlotte Marriott City Center hotel for about $170 mln from Co's unit
Friday, 2 Jun 2017 08:26am EDT 

June 2 (Reuters) - Marriott International Inc ::Marriott - on June 1, Carey Watermark Investors 2 Incorporated acquired Charlotte Marriott City Center Hotel for about $170 million from co's unit.Marriott - unit retains a long-term management agreement for the 446-room property; Charlotte Marriott City Center Hotel - sec filing.  Full Article

Marriott says stronger demand in North America, Europe, Asia drive 2017 RevPAR forecast raise - Conf call
Tuesday, 9 May 2017 08:00am EDT 

May 9 (Reuters) - Marriott International Inc :Marriott says stronger demand in north america, europe and asia was one of the factors that drove 2017 revpar forecast raise - conf call.Marriott says there will be further asset sales in 2017 - conf call.Marriott says group pace up in mid single digits between 4-5 percent for north american full-service hotels for calendar year 2018 - conf call.Marriott says airbnb and home sharing phenomenon has been less impactful to co's revpar numbers at present - conf call.Marriott says home sharing sites are more skewed towards leisure and value centric customers; says co's customer base is not the same as theirs - conf call.Marriott says not looking at airbnb as an intermediary in a way that is similar to relationships co has with other otas - conf call.  Full Article

Marriott International Q1 earnings per share $0.94
Monday, 8 May 2017 04:30pm EDT 

May 8 (Reuters) - Marriott International Inc ::Marriott international reports first quarter 2017 results highlights.Q1 earnings per share $0.94.Q1 earnings per share view $0.91 -- Thomson Reuters I/B/E/S.Q1 adjusted earnings per share $1.01.Marriott- both North American and worldwide comparable systemwide constant dollar revpar rose 3.1 percent in 2017 q1.Marriott - for 2017 q2, expects comparable systemwide revpar on constant dollar basis for combined company will be flat to up 2 percent in North America.Marriott says company assumes q2 total fee revenue will total $820 million to $835 million.Marriott says company assumes full year 2017 total fee revenue will total $3,225 million to $3,295 million.Marriott says Marriott expects full year 2017 adjusted EBITDA could total $3,100 million to $3,195 million.Marriott says company expects investment spending in 2017 will total approximately $500 million to $700 million.Marriott -for 2017 q2 expects comparable systemwide revpar on constant dollar basis for combined co will increase 3 to 5 percent outside North America.Marriott - for 2017, expects comparable systemwide revpar on a constant dollar basis for combined company will increase 1 to 3 percent in North America.Marriott says for 2017, expects comparable systemwide revpar on a constant dollar basis for combined company will increase 1 to 3 percent worldwide.  Full Article

Marriott International sets quarterly cash dividend of 33 cents/shr
Friday, 5 May 2017 08:55am EDT 

May 5 (Reuters) - Marriott International Inc ::Sets quarterly cash dividend of $0.33per share.Marriott - declared quarterly dividend of 33 cents per share of common stock, which represents a 10 percent increase over previous quarterly dividend.  Full Article

Marriott unveiled a comprehensive expansion to its initiative to drive adoption of modular construction
Monday, 1 May 2017 08:00am EDT 

May 1 (Reuters) - Marriott International Inc : :Marriott - unveiled a comprehensive expansion to its initiative to drive adoption of modular construction of hotels in North America.Marriott - expects to sign 50 hotel deals in 2017 that incorporate prefabricated guestrooms or bathrooms.  Full Article

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

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U.S. hotels bank on loyalty programs in push for direct booking

((This version of the July 18 story corrects paragraph 4 to say online travel agents still account for "a substantial portion" of hotel bookings instead of "the overwhelming majority" of hotel bookings)