Key Developments: Marriott International Inc (MAR)
42.77USD
22 May 2013
$-0.54 (-1.25%)
$43.48
$43.34
$43.82
$42.55
1,619,959
2,164,328
$44.45
$33.93
Latest Key Developments (Source: Significant Developments)
Marriott International Inc Increases Dividend 30%
Marriott International Inc announced that its Board of Directors raised the Company's quarterly dividend by $0.04 to $0.17 per share, which represents a 30% increase over the previous quarterly dividend amount of $0.13 per share. The dividend is payable on June 28, 2013 to shareholders of record on May 24, 2013. Full Article
Marriott International Inc Raises FY 2013 EPS Guidance; Issues FY 2013 EBIT And EBITDA Guidance In Line With Analysts' Estimates; Issues Q2 2013 Earnings Guidance In Line With Analysts' Estimates
Marriott International Inc announced that for fiscal 2013, it target adjusted earnings per share (EPS) of between $1.93 to $2.08, EBITDA will total $1,185 million to $1,255 million and operating income to range $990 million to $1,060 million. For second quarter of 2013, it expects EPS to range between $0.55 to $0.59 and operating income to be between $275 million to $295 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $2.01, EBIT of $1.04 billion and EBITDA of $1.23 billion for fiscal 2013; EPS of $0.55 and EBIT of $284 million for second quarter of 2013. Full Article
Marriott International Inc Reaffirms FY 2013 EPS Guidance-Conference Call
Marriott International Inc announced that for fiscal 2013, it target adjusted earnings per share (EPS) of between $1.90 to $2.05. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $2.01 for fiscal 2013. Full Article
Marriott International Inc Issues Q1 2013 Earnings Guidance In Line With Estimates; Issues FY 2013 EPS Guidance; Operating Income Guidance Below Estimates; Comments On Q1, FY 2013 RevPar Guidance
Marriott International Inc announced that for the first quarter of 2013, it expects operating profit of total $205 million to $230 million, earnings per share (EPS) of $0.37 to $0.42 and comparable systemwide calendar REVPAR of 3% to 6% worldwide. For fiscal 2013, it expects comparable systemwide REVPAR on a constant dollar basis to increase to 4% to 7% worldwide, operating profit of $985 million to $1.055 billion and diluted EPS of total $1.90 to $2.05. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.02 and operating profit of $1.086 billion for fiscal 2013; EPS of $0.40 and operating profit of $213 million for the first quarter of 2013. Full Article
Marriott International Inc Declares Cash Dividend; Board Increases Stock Repurchase Authorization
Marriott International Inc announced that its board of directors declared a quarterly cash dividend of $0.13 per share of common stock. The dividend is payable on March 29, 2013 to shareholders of record on March 1, 2013. Marriott also announced that its board has increased the authorization to repurchase the Company's Class A common stock by an additional 25 million shares, for a total of approximately 34 million shares currently authorized for repurchase. Shares may be purchased in the open market or in privately negotiated transactions. Full Article
Marriott International Inc Declares Cash Dividend
Marriott International Inc announced that its board of directors declared a quarterly cash dividend of $0.13 per share of common stock. The dividend is payable on December 28, 2012 to shareholders of record on November 23, 2012 Full Article
Marriott International Inc Issues Q4 2012 Earnings Guidance Below Analysts' Estimates; Narrows FY 2012 Earnings Guidance To A Range In Line With Analysts' Estimates
Marriott International Inc announced that for the fourth quarter of 2012, it expects operating income to be in the range of $290 million to $310 million and earnings per share (EPS) to be in the range of $0.52 to $0.56. For fiscal 2012, it expects operating income to be in the range of $921 million to $941 million, earnings per share (EPS) to be in the range of $1.68 to $1.72 and EBITDA to be in the range of total $1.129 billion to $1.149 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.69, EBITDA of $1.129 billion and EBIT of $924 million for fiscal 2012; EPS of $0.57 and EBIT of $316 million for the fourth quarter of 2012. Full Article
Gaylord Entertainment Co Completes Sale Of Gaylord Hotels Brand And Hotel Management Rights To Marriott International
Gaylord Entertainment Company announced that it has completed the sale of the Gaylord Hotels brand and the rights to manage its four hotels to Marriott International, Inc. for $210 million. In addition to assuming the management responsibilities for Gaylord’s four hotels, Marriott also assumed the management responsibilities for local Nashville attractions such as the General Jackson Showboat, Gaylord Springs Golf Links and Wildhorse Saloon . Marriott is expected to assume management duties for the Radisson Hotel (to be renamed the Inn at Opryland) on December 1, 2012. Full Article
Marriott International Inc's JW Marriott Hotel Brand Opens in New York City
Marriott International Inc announced that its JW Marriott hotel brand has opened JW Marriott Essex House New York, the brand's first hotel in New York City. The 509-room hotel is located on Central Park South in Manhattan's renowned midtown neighborhood, boasting sky-high views of Central Park and situated just steps from famed Fifth Avenue shopping, dining and entertainment. The property was recently the Jumeirah Essex House and reopened as JW Marriott Essex House New York. Full Article
Gaylord Entertainment Co To Transfer Management Of Radisson Hotel Opryland, General Jackson Showboat, Gaylord Springs Golf Links, And Wildhorse Saloon To Marriott International, Inc.
Gaylord Entertainment Co announced that it plans to transfer the management of several of attractions assets to Marriott International, Inc. This transaction follows Gaylord's previous announcement that it is selling the Gaylord Hotels brand and the rights to manage its four Gaylord hotels to Marriott, and to reorganize as a real estate investment trust (REIT) effective January 1, 2013. The specific terms of the attractions management arrangements will be finalized by October 1, 2012. The General Jackson Showboat, Gaylord Springs Golf Links, and Wildhorse Saloon are scheduled to convert to Marriott`s management effective October 1, 2012. The Radisson Hotel Opryland is scheduled to transition on December 1, 2012 and will be renamed the Inn at Opryland, a Gaylord Hotel. Gaylord will continue to own these assets under the terms of the management agreements with Marriott. The Grand Ole Opry, Ryman Auditorium and WSM-AM radio station will continue to be both owned and managed by Gaylord as taxable REIT subsidiaries. Full Article
Marriott pairs with IKEA for its first budget hotels
BERLIN - Marriott International moved into the economy hotel market, teaming up with IKEA's real estate arm to launch a new European chain for travellers seeking style on a budget.
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