135.69 +0.01 (0.01%)
After hours: 7:49PM EST
|Bid||135.66 x 800|
|Ask||135.68 x 1000|
|Day's Range||135.12 - 136.31|
|52 Week Range||100.62 - 144.24|
|Beta (3Y Monthly)||1.27|
|PE Ratio (TTM)||35.10|
|Earnings Date||Nov. 4, 2019|
|Forward Dividend & Yield||1.92 (1.42%)|
|1y Target Est||137.04|
Knightstone Capital Management Inc. Acquires the Sheraton Gateway Hotel in Toronto International Airport from Marriott International, Inc.
Ready or not, an American election year is upon us. And even though it feels like the U.S. race has been trundling along for some time, the months before voting day are when the action kicks into overdrive. Nowhere will that have a larger effect than in the nation's capital, where the flow of visitors […]
Hyatt Hotels is joining its competitors in getting rid of single-use plastic bottles of toiletries. The company announced on Tuesday that it will replace individual bottles of shampoo, conditioner, shower gel, and lotion with large-format bathroom amenities, following similar moves by Marriott International and InterContinental Hotels Group. Hyatt will also discourage the use of single-use […]
Hotels have for many years been turning their lobbies into interactive spaces with communal spots for working or socializing. Now they are applying that concept to their guest rooms. Super 8 by Wyndham, an economy hotel brand, is rolling out ROOM8, a shared room to “accommodate a new generation of road trippers who thrive in […]
Stocks pared earlier losses and the Dow pushed into positive territory as Walgreens (WBA) and Boeing (BA) shares jumped. Earlier, equities had retreated from Friday’s record levels as concerns over trade and protests in Hong Kong flared up.
Despite the comeuppance of SoftBank-backed stablemate WeWork and dissent among hotel associations and some property owners in the United States and India, Oyo's founder and CEO Ritesh Agarwal said there have been no recommendations or orders from the Japanese investment giant or other shareholders about changing strategy or business practices. SoftBank has invested more than […]
The ongoing pro-democracy protests in Hong Kong have ravaged the region and are threatening the safety and livelihood of residents — and businesses.
Marriott International CEO Arne Sorenson said Tuesday he will have surgery for pancreatic cancer over the holidays but will continue to run the company. The head of the largest hotel company in the world, after acquiring Starwood Hotels and Resorts, has been battling pancreatic cancer. He offered the update to investors and analysts during a […]
(Bloomberg) -- U.S. stock benchmarks climbed to all-time highs, while Treasuries tumbled as trade optimism fueled demand for risk assets.The Dow Jones Industrial Average climbed Monday to claim its first record since July. The S&P 500 and Nasdaq indexes also hit new highs after a report that the U.S. and China are closing in on a partial trade deal and the Federal Reserve cut interest rates last week. The 10-year Treasury yield rose to 1.78% and the dollar advanced versus major peers.In company news, McDonald’s Corp. fell after firing its chief executive and Under Armour Inc. sank after disclosing an accounting probe -- both declines weighing heavily on consumer shares. Banks and industrial firms led the Stoxx Europe 600 Index toward a four-year high after the U.S. commerce secretary said tariffs on importing vehicles into the American market might be unnecessary. All major Asian markets advanced. A gauge of emerging-market stocks was set for its biggest gain in three weeks.Investors are trying to push up stocks for a fifth successive week and add to the 18% gain this year already notched by a global gauge of equities. Earnings continue to roll in around the world, with Uber Technologies Inc. and Marriott International Inc. still due Monday. In China, trade data at the end of this week will give details for October against a backdrop of easing tensions on negotiations with U.S. counterparts.“The earnings season primarily has been so much better than we expected it to be,” JJ Kinahan, chief market strategist at TD Ameritrade, said by phone. “Not that it’s an unbelievable earnings season, but it’s been so much above expectations. The rhetoric on tariffs has been mostly positive and we continue to see positive numbers out of particularly employment, but really in general about the economy.”Commerce Secretary Wilbur Ross expressed optimism the U.S. would reach a “phase one” trade deal with China this month and said licenses would be coming “very shortly” for American companies to sell components to Huawei Technologies Co. President Donald Trump told reporters Sunday that a trade deal, if completed, will be signed somewhere in the U.S.Elsewhere, crude-oil futures climbed. The initial public offering process for Saudi Aramco officially started on Sunday, with the stock likely to begin trading in Riyadh next month. Valuations vary widely.Here are some key events coming up this week:Earnings are due from companies including: Uber and Marriott International on Monday; Singapore Airlines on Tuesday; SoftBank and BMW on Wednesday; Walt Disney, Toyota, Deutsche Telekom on Thursday.U.S. durable goods data is due Monday along with factory orders.Regional Fed presidents including Charles Evans, John Williams and Patrick Harker speak at events on Wednesday.Central bank monetary decisions are due Tuesday in Australia and Thursday by the Bank of England.The USDA World Agricultural Supply and Demand Estimates Report for November comes out FridayThese are the main moves in markets:StocksThe S&P 500 Index rose 0.4% as of 4 p.m. New York time; the Dow Jones Industrial Average climbed 0.4%.The Stoxx Europe 600 Index jumped 1% to a four-year high.Germany’s DAX Index surged 1.4% to a 17-month high.The MSCI Emerging Markets Index rose 1.3% to the highest in more than four months.CurrenciesThe Bloomberg Dollar Spot Index increased 0.3%, the biggest gain in five weeks.The euro fell 0.4% to $1.1127.The British pound fell 0.5% to $1.2884.The Japanese yen weakened 0.4% to 108.62 per dollar.BondsThe yield on 10-year Treasuries rose seven basis points to 1.78%.The two-year rate added four basis points to 1.59%.Germany’s 10-year yield rose three basis points to -0.35%.Britain’s 10-year yield climbed six basis points to 0.725%.CommoditiesThe Bloomberg Commodity Index jumped 0.5% to a seven-week high.West Texas Intermediate crude increased 0.6% to $56.52 a barrel.Gold weakened 0.4% to $1,508.53 an ounce.\--With assistance from Haidi Lun, Ravil Shirodkar and Adam Haigh.To contact the reporter on this story: Sarah Ponczek in New York at email@example.comTo contact the editors responsible for this story: Jeremy Herron at firstname.lastname@example.org, Andrew DunnFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Investing.com - Marriott Int (NASDAQ:MAR) reported third quarter earnings that missed analysts' expectations on Monday and revenue that topped forecasts.
In this article we are going to estimate the intrinsic value of Marriott International, Inc. (NASDAQ:MAR) by taking...
(Bloomberg) -- Marriott International Inc. has sold the St. Regis New York for $310 million to Qatar’s sovereign wealth fund, offloading a historic property that served as the launching point for an indispensable cocktail and global luxury brand.The purchase gives Qatar Investment Authority another trophy asset to add to an expanding portfolio across the globe. The fund has been boosting its investments in the U.S., including stakes in retail properties in Manhattan. In April, it announced an investment in the shops at the base of the St. Regis.The hotel, located on East 55th Street near Fifth Avenue, was opened by John Jacob Astor IV in 1904. The 18-story Beaux-Arts building contains more than 200 guest rooms and the King Cole Bar, a watering hole where the Bloody Mary is said to have been invented.Room rates on Thursday night ranged from $779 to more than $4,000 for a suite, according to Marriott’s website.Marriott will continue to operate the hotel under a long-term contract with QIA, according to a filing.Marriott, the world’s largest lodging company, doesn’t own many hotels, preferring to earn fees for licensing brands and managing properties for real estate partners. Globally, there are more than 7,000 hotels in the Marriott system, 14 of which are owned by the company.Qatar Turns to Royals in Their 3Os to Manage $320 Billion FundMarriott acquired the Manhattan hotel when it bought Starwood Hotels & Resorts in 2016, a $13.6 billion transaction that reshaped the global hospitality industry. By then, the St. Regis name had been repurposed as a luxury hotel brand with outposts in places like Shenzhen, China and Bora Bora, in French Polynesia.The Bethesda, Maryland-based company recently disclosed its $206 million acquisition of the W New York Union Square, a move intended to jump-start the update of a beloved but faded brand. Marriott also agreed to pay $130 million for Elegant Hotels Group Plc to aid its new push into all-inclusive resorts.Those moves fueled conjecture that Marriott would sell real estate assets to balance its portfolio following the recent acquisitions. In an Oct. 18 note, Robert W. Baird & Co. analyst Michael Bellisario speculated that Marriott could be close to selling Sheraton hotels in Phoenix or Mexico City.JLL Hotels & Hospitality advised Marriott on the St. Regis transaction.To contact the reporters on this story: Patrick Clark in New York at email@example.com;Gillian Tan in New York at firstname.lastname@example.orgTo contact the editor responsible for this story: Craig Giammona at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Marriott International (MAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Oyo, the self-proclaimed "world's fastest growing hotel chain," boasts that technology is "deeply embedded" in its DNA. But hotel owners and general managers in the United States scoff at the claim as their lobbies fill with overbooked guests, and front desk staff resort to emailing check-ins to headquarters because the property management system has crashed. […]
Hilton (HLT) third-quarter 2019 results benefited from continual unit expansion and higher comparable revenue per available room (RevPAR).
Marriott International has agreed to a deal to buy Elegant Hotels for $130.1 million in a move that will see the company expand its all-inclusive offering in the Caribbean. Elegant Hotels owns and operates seven hotels with 588 rooms and a beachfront restaurant on the island of Barbados. "There is a strong and growing consumer […]
Marriott International, Inc. (MAR) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.