MAR - Marriott

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by T0rm3nted, Apr 8, 2016.

  1. T0rm3nted

    T0rm3nted Moderator
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    Marriott International, Inc. (MAR) is an American diversified hospitality company that manages and franchises a broad portfolio of hotels and related lodging facilities. Founded by J. Willard Marriott, the company is now led by his son, Executive Chairman Bill Marriott and President and Chief Executive Officer Arne Sorenson.

    Marriott International, headquartered in Bethesda, Maryland in the Washington, DC metropolitan area, has more than 4,087 properties in over 80 countries and territories around the world, over 697,000 rooms (as of July 2014), and additional 195,000 rooms in the development pipeline.

    In June 2014, Marriott International opened their 4,000th hotel, the Marriott Marquis in Washington, D.C. In 2011, Marriott opened the tallest hotel of the world, The Ritz-Carlton, Hong Kong, located at the International Commerce Centre.
     
  2. T0rm3nted

    T0rm3nted Moderator
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    Marriott, Starwood Hotels stockholders approve deal

    Starwood Hotels & Resorts Worldwide Inc (HOT) and Marriott International Inc (MAR) said on Friday the stockholders of the companies voted to approve Marriott's acquisition of Starwood to create the world's largest hotel company.

    Holders of more than 97 percent of Marriott shares and over 95 percent of Starwood shares voted in favor of the cash-and-stock deal, which was valued at $12.41 billion as of Thursday.

    China's Anbang Insurance Group Co last week abandoned its $14 billion offer for Starwood Hotels, clearing the way for Marriott to buy the owner of Sheraton and Westin hotel brands.

    Marriott raised the cash portion of its offer to $21 per share on March 21 from $2 per share, valuing the total bid at $73.42 per share as of Thursday.

    Marriott said the deal was on track to close mid-2016.

    "Our teams continue to plan the integration of our two companies," Marriott Chief Executive Arne Sorenson said.

    The deal has cleared the pre-merger antitrust review in the United States and Canada and awaits approvals in the European Union and China.

    LINK - http://www.reuters.com/article/us-starwood-hotels-m-a-marriott-intnl-idUSKCN0X51WL
     
  3. StockJock-e

    StockJock-e Brew Master
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    $7B buy back in place, this stock is looking good.
     
  4. StockJock-e

    StockJock-e Brew Master
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    Marriott CEO Plans to Add 300,000 Rooms by 2019
    Bloomberg VideoMarch 21, 2017

    Mar.21 -- Arne Sorenson, president and chief executive officer at Marriott International Inc., discusses growth expectations for the next three years, adding new hotel rooms, and the need for clarity on U.S. trade policy and the travel ban. He speaks with Bloomberg's Erik Schatzker on "Bloomberg Daybreak: Americas."
     
  5. fidelgeorge

    fidelgeorge Well-Known Member

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    Not sure if anyone else notices this, but MAR analysts have been underestimating earnings due to management guidance for many quarters.
     
    Jack Levy and Charles Noble like this.
  6. emmett kelly

    emmett kelly Well-Known Member

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    Marriott International Inc. Stock Outperforms Competitors On Strong Trading Day
    5:08 pm ET January 20, 2022 (MarketWatch)

    This article was automatically generated by MarketWatch using technology from Automated Insights.

    Shares of Marriott International Inc. (MAR) rose 1.62% to $156.70 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.10% to 4,482.73 and Dow Jones Industrial Average falling 0.89% to 34,715.39. The stock's rise snapped a five-day losing streak. Marriott International Inc. closed $14.98 below its 52-week high ($171.68), which the company reached on November 5th.

    The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Hilton Worldwide Holdings Inc. (HLT) rose 0.02% to $142.24, Vail Resorts Inc. (MTN) fell 1.43% to $283.71, and Hyatt Hotels Corp. (H) rose 1.71% to $88.43. Trading volume (2.2 M) eclipsed its 50-day average volume of 2.0 M.

    Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 20, 2022.

    -MarketWatch Automation

    (END) Dow Jones Newswires

    January 20, 2022 17:08 ET (22:08 GMT)

    Copyright (c) 2022 Dow Jones & Company, Inc.
     

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