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Tag: Marriott International

  • Maasai Sue Marriott Over Ritz-Carlton Safari Camp

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    NAROK, Kenya—Leaders of the Maasai ethnic group are seeking a court order to demolish a new Ritz-Carlton luxury safari camp they say blocks a key route of the famous Serengeti migration.

    Meitamei Olol Dapash, a Maasai elder with an American Ph.D., says the camp sits astride a path that some migratory wildebeest and zebra use to cross the Sand River in search of green grass.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    Caroline Kimeu

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  • Oppenheimer Asset Management Inc. Acquires Shares of 2,242 Marriott International, Inc. $MAR

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    Oppenheimer Asset Management Inc. acquired a new stake in Marriott International, Inc. (NASDAQ:MAR – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 2,242 shares of the company’s stock, valued at approximately $613,000.

    Other hedge funds have also recently made changes to their positions in the company. Morse Asset Management Inc purchased a new position in Marriott International during the 1st quarter valued at $30,000. AlphaQuest LLC grew its stake in Marriott International by 2,750.0% in the second quarter. AlphaQuest LLC now owns 114 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares during the period. Banque Transatlantique SA purchased a new stake in Marriott International in the first quarter worth $52,000. McClarren Financial Advisors Inc. purchased a new stake in shares of Marriott International in the 1st quarter worth about $57,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in Marriott International by 32.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 295 shares of the company’s stock worth $70,000 after purchasing an additional 73 shares during the period. 70.70% of the stock is owned by hedge funds and other institutional investors.

    Analysts Set New Price Targets

    A number of equities research analysts have recently commented on MAR shares. Morgan Stanley cut their target price on Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Robert W. Baird cut their target price on Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Marriott International in a report on Wednesday, October 8th. BMO Capital Markets dropped their price target on Marriott International from $285.00 to $280.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 6th. Finally, Barclays dropped their target price on Marriott International from $276.00 to $262.00 and set an “equal weight” rating on the stock in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $283.17.

    Check Out Our Latest Analysis on Marriott International

    Marriott International Price Performance

    Shares of NASDAQ:MAR opened at $260.58 on Friday. Marriott International, Inc. has a 1-year low of $205.40 and a 1-year high of $307.52. The company has a market capitalization of $70.74 billion, a P/E ratio of 29.38, a P/E/G ratio of 2.69 and a beta of 1.35. The firm’s 50 day simple moving average is $265.66 and its two-hundred day simple moving average is $263.34.

    Marriott International (NASDAQ:MAR – Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.65. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The company had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the previous year, the company earned $2.50 EPS. Marriott International’s revenue for the quarter was up 4.7% on a year-over-year basis. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. On average, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

    Marriott International Announces Dividend

    The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, August 21st were issued a $0.67 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a yield of 1.0%. Marriott International’s payout ratio is currently 30.21%.

    Marriott International announced that its Board of Directors has approved a stock repurchase program on Thursday, August 7th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

    Marriott International Profile

    (Free Report)

    Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.

    Featured Articles

    Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International, Inc. (NASDAQ:MAR – Free Report).

    Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)



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    ABMN Staff

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  • Marriott brings City Express brand to the US – WTOP News

    Marriott brings City Express brand to the US – WTOP News

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    Bethesda, Maryland-based Marriott International, whose hotel brands include high-end properties like The Ritz-Carlton, St. Regis, and W Hotels, is bringing a more affordable hotel brand to the U.S. and Canada with the launch of City Express.

    Bethesda, Maryland-based Marriott International is bringing a more affordable hotel brand to the U.S. and Canada with the launch of City Express.(Courtesy Marriott International)

    Bethesda, Maryland-based Marriott International, whose hotel brands include high-end properties like The Ritz-Carlton, St. Regis, and W Hotels, is bringing a more affordable hotel brand to the U.S. and Canada with the launch of City Express.

    Marriott acquired the City Express hotel brand in late 2022 from Mexico City-based Hoteles City Express for $100 million, becoming Marriott’s 31st hotel brand and gaining 512 locations in 75 cities across Mexico, Costa Rica, Colombia and Chile.

    By bringing City Express by Marriott to the U.S. and Canada, Marriott marks the company’s entry into the affordable midscale segment in the region.

    “With this announcement, Marriott is excited to continue our growth in the affordable midscale segment and provide a new welcoming, affordable and reliable option for value-conscious travelers in the U.S. and Canada,” said Diana Plazas-Trowbridge, senior vice president of select brands.

    Since acquiring City Express, Marriott has expanded it to other markets, including Bolivia and Nicaragua — and will expand next to Brazil.

    The City Express brand appeals to owners because it is designed to be conversion-friendly from existing buildings. It said it has already received inquiries from owners and franchisees and expects to begin opening the brand in the U.S. and Canada over the next few months.

    Marriott now has 9,000 hotels in 141 countries and territories, including vacation ownership resorts. The company is expected to reach more than $25 billion in annual revenue this year.

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    Jeff Clabaugh

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  • The Voice of General Counsels a Game-Changing Influence at Ethisphere’s 10th Annual Global Ethics Summit

    The Voice of General Counsels a Game-Changing Influence at Ethisphere’s 10th Annual Global Ethics Summit

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    Top company legal minds assemble in New York City to discuss integrity as a performance accelerator.

    Press Release
    –


    updated: Mar 1, 2018


    NEW YORK, March 1, 2018 (Newswire.com)
    –
    The Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, announced today a roster of company legal practitioners anchoring a diverse faculty at Ethisphere’s 10th Annual Global Ethics Summit, March 14-15 at the Grand Hyatt in New York City.

    A special selection of current and former General Counsels (GC) and Deputy GCs will offer candid insights through interactive sessions with peers and other company officers highlighting some of the unique angles on corporate behavior today. Each leader will speak on a distinct range of topics impacting corporate integrity and performance in a global business environment rife with both opportunities and pitfalls.

    Among those topics are the emerging impact of artificial intelligence, global compliance team management, influence at the executive level, board-level relationship building, career-shaping, key insights into anti-bribery and corruption, careful execution through times of crisis, progressing the “speak up” culture and more.

    First-time members of the faculty leadership include:

    • Trish Walsh, Chief Legal Officer, Voya Financial, Inc.
    • Rich Rothberg, Senior Vice President and General Counsel, Dell
    • Ann D. Davidson, Senior Vice President, General Counsel and Corporate Secretary, L3 Technologies
    • Guillermo Bichara, Vice President, General Counsel and Corporate Secretary, Praxair, Inc.
    • Gregory L. Riggs, Former Senior Vice President – General Counsel and Chief Corporate Affairs Officer, Delta Air Lines, Inc.
    • David Pitofsky, General Counsel and Chief Compliance Officer, News Corp.
    • David Deitchman, Deputy General Counsel, Global Functions, Ethics & Compliance, HP Inc.
    • Michele M. Brown, SVP, Chief Ethics & Compliance Officer and Deputy General Counsel, Leidos
    • Callie Pappas, Vice President, Chief Compliance Officer & Deputy General Counsel, Schnitzer Steel Industries, Inc.
    • Tushar Chawla, General Counsel, India, JLL
    • Glenn Leon, SVP & Deputy General Counsel, Chief Ethics & Compliance Officer, Hewlett Packard Enterprise

    Among those returning to the Global Ethics Summit to offer new insights and advancements are:

    • David Howard, Corporate VP and Deputy GC, Litigation, Competition Law and Compliance, Microsoft Corporation
    • Lucy Fato, Executive Vice President & General Counsel, AIG
    • Edward A. Ryan, Former Executive Vice President and Global General Counsel, Marriott International, Inc.
    • Richard Buchband, Senior Vice President, General Counsel and Secretary, ManpowerGroup
    • Lynn Haaland, SVP, Deputy General Counsel, Global Chief Compliance & Ethics Officer and Chief Counsel, Cybersecurity, PepsiCo, Inc.
    • Kathryn Ditmars, Global Litigation Director and General Counsel, Americas, JLL

    Drawing from Ethisphere’s Business Ethics Leadership Alliance (BELA) community and further enriched from a broad selection of additional multinational companies, the Global Ethics Summit is the premier annual event connecting some of the most respected and diverse company leaders. Senior representatives come together to share forward-thinking practices and amplify the need for greater application of values ethical culture, and responsible practices. CEOs, board members, GCs/CLOs, corporate secretaries, chief compliance officers, law firm partners, and other influencers participate in the Summit to examine together the ways in which companies can make a difference in doing good.

    “Throughout the Summit, there will be more than 70 speakers each contributing unique perspectives and meaningful advice, but the voices of General Counsels continue to be transcendent as these are roles that are make-or-break for the executive team and the company itself,” said Kevin McCormack, Vice President of Global Thought Leadership & Programs at Ethisphere. “You simply cannot have the proper calibration of many of the issues addressed at the Summit without GCs in the mix. They are a universal connector when it comes to balancing risk, integrity, culture, and strategy within the organization. From the GCs involved each year, we see that while they may represent very different organizations and industries, there is a shared purpose and commitment to continuous improvement enabling companies to perform better while keeping their values intact.”

    Join these leaders and other influencers among over 400 delegates as the Global Ethics Summit celebrates its 10th Anniversary March 14-15, 2018 at the Grand Hyatt New York City. Registration remains open but is closing soon: https://www.globalethicssummit2018.com.

    About Ethisphere 

    The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust, and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World’s Most Ethical Companies® recognition program provides a community of industry experts with the Business Ethics Leadership Alliance (BELA), and showcases trends and best practices in ethics with Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs, including Ethics Inside® Certification and Compliance Leader Verification™. More information about Ethisphere can be found at http://www.ethisphere.com. 

    Media Contact

    Aarti Maharaj

    Director of Communications

    646-480-9715

    aarti.maharaj@ethisphere.com 

    Twitter: @Ethisphere

    Source: The Ethisphere Institute

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