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Marriott International Inc (MAR.OQ)

MAR.OQ on NASDAQ Stock Exchange Global Select Market

94.45USD
29 Mar 2017
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$-0.04 (-0.04%)
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Latest Key Developments (Source: Significant Developments)

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

Marriott International entered fourth amended credit agreement
Monday, 13 Jun 2016 05:30pm EDT 

Marriott International Inc: Entered into fourth amended and restated credit agreement . Amended agreement amends and restates Marriott's $2.00 billion multicurrency revolving credit agreement . Amended agreement extends maturity date of 2013 agreement from July 18, 2018 to June 10, 2021 . Amended agreement increases facility size from $2.00 billion to $4.00 billion .Upon closing of Starwood acquisition , full $4.00 billion of aggregate commitments will be available under amended agreement.  Full Article

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CORRECTED-UPDATE 1-Milestone Apartments REIT unitholders approve takeover

March 28 Milestone Apartments Real Estate Investment Trust said on Tuesday that its unitholders approved the company's takeover by U.S. private investment firm Starwood Capital Group for about $1.3 billion.