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Marriott International Inc (MAR.OQ)

MAR.OQ on NASDAQ Stock Exchange Global Select Market

126.50USD
12:59pm EST
Change (% chg)

$0.11 (+0.09%)
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$126.39
Open
$126.51
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$126.90
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$126.38
Volume
253,514
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768,538
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$128.37
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$77.03

Latest Key Developments (Source: Significant Developments)

‍MARRIOTT INTERNATIONAL ANNOUNCES GLOBAL PARTNERSHIP WITH UNIVERSAL MUSIC GROUP​
Monday, 13 Nov 2017 10:04am EST 

Nov 13 (Reuters) - Marriott International Inc ::‍MARRIOTT INTERNATIONAL SAYS ANNOUNCED GLOBAL PARTNERSHIP WITH UNIVERSAL MUSIC GROUP​.  Full Article

Aspen REIT files for initial public offering
Monday, 13 Nov 2017 08:19am EST 

Nov 13 (Reuters) - Marriott International Inc :Aspen REIT Inc files for initial public offering; targets nyse american listing.Aspen REIT - ‍company seeks to raise $33.5 million via jobs act reg a+ in ipo.Aspen says ‍intends to use most of net proceeds from ipo to buy a 100 percent indirect interest in st. Regis aspen resort​.Aspen REIT Inc ‍says plans to offer 1,675,000 shares at $20.00 per share in ipo.Aspen REIT Inc intends to apply to list its common stock on nyse american stock exchange under ticker symbol "AJAX"​.Aspen REIT Inc says ‍maxim Group Llc will act as lead managing selling agent for ipo.  Full Article

Marriott increases share buyback authorization, declares dividend
Thursday, 9 Nov 2017 12:19pm EST 

Nov 9 (Reuters) - Marriott International Inc ::Marriott International declares cash dividend and increases share buyback authorization.Board increased authorization to repurchase Class A common stock by an additional 30 million shares​.Sets quarterly cash dividend of $0.33 per share.  Full Article

Marriott says seeing cautious behavior from corporates in N.America - Conf call‍​
Wednesday, 8 Nov 2017 11:15am EST 

Nov 8 (Reuters) - Marriott International Inc :Expects 2018 North American RevPAR to be flat to up 2 percent, largely driven by room rates, assuming continued cautious corporate demand.Expects international markets RevPAR to increase 3-5 percent in 2018.Expects strong mid-single-digit growth in Asia Pacific, low single-digit growth in Europe, Caribbean and Latin America, and slightly positive RevPAR growth in Middle East and Africa.Estimating room deletions across its portfolio to total 1-1.5 percent in both 2017 and 2018, compared with typical rate of rooms deletions of about 1 percent each year.Says the unusual level of room deletions is largely related to the Sheraton brand.Says, in North America, seeing a bit more cautious behavior, on average, from corporate customers than it would have expected given GDP growth.Says continues to work with Alibaba on loyalty program, particularly with great sign-up from the kind of Chinese consumers it wants to have.Says there has been a modest decrease in international arrivals to the U.S. from all foreign sources in 2017; says will have to see if that changes in 2018.  Full Article

Marriott International reports Q3 earnings per share $1.04
Tuesday, 7 Nov 2017 04:30pm EST 

Nov 7 (Reuters) - Marriott International Inc :Marriott International reports third quarter 2017 results highlights.Q3 earnings per share $1.04.Q3 earnings per share view $0.99 -- Thomson Reuters I/B/E/S.Q3 adjusted earnings per share $1.10.Marriott - ‍worldwide comparable systemwide constant dollar revpar rose 2.1 percent in 2017 Q3​.Marriott - qtrly ‍north american comparable systemwide constant dollar revpar rose 0.4 percent​.Marriott - ‍for 2017 Q4, marriott expects comparable systemwide revpar on a constant dollar basis will increase 2 to 3 percent in North America​.Marriott - ‍assumes full year 2017 total fee revenue will total $3,287 million to $3,297 million​.Marriott - ‍for 2017 Q4, marriott expects comparable systemwide revpar on a constant dollar basis will increase 2 to 3 percent in north america​.Marriott - ‍expects Q4 comparable systemwide revpar on a constant dollar basis will increase 3 to 5 percent outside north america and 2 to 3 percent worldwide​.Marriott - ‍marriott expects Q4 2017 owned, leased, and other revenue, net of direct expenses, could total approximately $90 million​.Marriott - ‍expects investment spending in 2017 will total approximately $550 million to $650 million, including approximately $175 million for maintenance capital​.Marriott - ‍marriott expects Q4 2017 adjusted ebitda could total $762 million to $777 million​.Marriott - ‍company assumes full year 2017 total fee revenue will total $3,287 million to $3,297 million​.  Full Article

Europol Intelligent Network sees FY 2017 net profit up 40 pct to 70 pct
Tuesday, 24 Oct 2017 10:46pm EDT 

Oct 25(Reuters) - Europol Intelligent Network Co Ltd <002711.SZ>:Sees FY 2017 net profit to increase by 40 percent to 70 percent, or to be 311 million yuan to 377.7 million yuan .Says FY 2016 net profit was 222.2 million yuan.  Full Article

Marriott's unit sells The Sheraton Centre Toronto Hotel
Wednesday, 18 Oct 2017 11:45am EDT 

Oct 18 (Reuters) - Marriott International Inc ::Says on October 17, a unit of co sold The Sheraton Centre Toronto Hotel, owned on a long-term ground lease, for approximately C$335 million‍​ ‍​.Says co retains long-term management agreement for Sheraton, a property located in Downtown Toronto in Ontario, Canada - SEC filing​.  Full Article

Marriott to receive about $650 mln for 55 pct interest in Avendra
Monday, 16 Oct 2017 12:40am EDT 

Oct 16 (Reuters) - Marriott : :‍owners of Avendra, LLC have reached a binding agreement to sell avendra to aramark for $1,350 million​.Marriott- ‍after redemption of costs, Avendra's founding shareholders, co, Hyatt,Aaccor, Clubcorp, IHG, expect to receive about $1,180 million in cash.‍Marriott expects to receive approximately $650 million for its 55 percent interest in Avendra​.  Full Article

Marriott International Chairman Jw Marriott, Jr. reports sale of 26,362 shares of co
Thursday, 7 Sep 2017 03:22pm EDT 

Sept 7 (Reuters) - Marriott International Inc :Marriott International Chairman Jw Marriott, Jr. reports sale of 26,362 shares of co at average price of $101.78/share on Sept 6, 2017 - SEC filing.  Full Article

Marriott international sets quarterly cash dividend of $0.33 per share
Thursday, 10 Aug 2017 10:50am EDT 

Aug 10 (Reuters) - Marriott International Inc :Sets quarterly cash dividend of $0.33 per share.Sets quarterly cash dividend of $0.33 per share.Marriott international declares quarterly cash dividend.  Full Article

Fitch Affirms Marriott at 'BBB'; Maintains Positive Outlook

(The following statement was released by the rating agency) NEW YORK, November 16 (Fitch) Fitch Ratings has affirmed Marriott International's (NYSE: MAR) Long-Term Issuer Default Rating (IDR) at 'BBB' and Short-Term IDR at 'F2'. The Rating Outlook remains Positive. Fitch has also affirmed Starwood Hotels & Resorts Worldwide, Inc.'s IDR at 'BBB' and maintained the Positive Rating Outlook. A full list of rating actions follows at the end of this release. KEY RATING DRIVERS The Positive Outlook con