Latest news with #Marriott
Yahoo
2 days ago
- Business
- Yahoo
Marriott signs multi-unit agreement with Corporacion Polaris and Cardedeu
Marriott (MAR) International announced a signed multi-unit agreement with Corporacion Polaris and Cardedeu to open four City Express by Marriott properties, marking the brand's debut in El Salvador. The signed projects are expected to further enhance Marriott's footprint in the country with the addition of 440 rooms, solidifying the company's presence in the affordable midscale segment across the Caribbean and Latin America region. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on MAR: Disclaimer & DisclosureReport an Issue Marriott initiated with a Neutral at JPMorgan Dubai party hotel FIVE considers listing in London or New York, Reuters says Marriott price target raised to $282 from $267 at Morgan Stanley Marriott price target lowered to $273 from $300 at Truist Marriott to debut St. Regis Hotels & Resorts brand in Costa Rica Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
2 days ago
- Business
- Zawya
Marriott to add over 50 new properties in Africa by 2027
Marriott International has announced plans to expand its footprint in Africa with the addition of more than 50 properties and over 9,000 rooms by the end of 2027. As part of its growth strategy, the group plans to enter five new markets — Cape Verde, Côte d'Ivoire, the Democratic Republic of Congo, Madagascar, and Mauritania — while strengthening its presence in existing destinations including South Africa, Tanzania, Egypt, Morocco, Kenya, and Nigeria. Marriott currently operates nearly 150 properties and 26,000 rooms across 20 African countries. "We are witnessing a transformation of Africa's tourism sector driven by visionary government agendas, substantial infrastructure development, enhanced regional and international connectivity and diversified travel experiences, all of which are laying the foundation for a thriving hospitality sector," says Jerome Briet, chief development officer for Europe, Middle East and Africa. The planned expansion will focus on luxury, premium, and select-service brands, with significant growth anticipated for Protea Hotels by Marriott, Four Points by Sheraton, and an increasing appetite for branded residential projects. More than 30% of the anticipated additions are expected to be conversions and adaptive reuse projects. "Africa is home to emerging marketplaces that offer significant growth opportunities across major gateway cities, commercial centres, safari circuits and resort destinations," adds Karim Cheltout, senior vice president – development, Middle East and Africa. Source: Supplied | Morea House, Autograph Collection North and East Africa drive growth North and East Africa account for over 60% of the group's planned pipeline on the continent. In Egypt, Marriott expects to debut Aloft Hotels in Africa with the opening of Aloft Ghazala Bay on the North Coast in 2027. More than half of its projects in the country will involve conversions or adaptive reuse. Morocco will see the introduction of the AC Hotels by Marriott brand, with a Casablanca property scheduled for 2027. In East Africa, the company continues to build on demand for safari lodges and adventure travel. Following the launch of JW Marriott Masai Mara Lodge in 2023, six new safari properties are scheduled by 2027. These include The Ritz-Carlton, Masai Mara Safari Camp (Kenya) and Mapito Safari Camp, Serengeti, Autograph Collection (Tanzania), both expected this year. Its portfolio in Tanzania is set to more than double over the next two years, while five new properties are planned for Kenya, including two Courtyard by Marriott hotels in Nairobi. Uganda will see its first Marriott Hotel and Marriott Executive Apartments open in Kampala before the end of 2025. Expansion targets in West Africa In West Africa, Nigeria remains a key focus, with six new hotels expected by 2027, including the country's first Courtyard by Marriott properties in Abuja. The group is also preparing to debut in three new West African markets. A Four Points by Sheraton is scheduled to open this year in Sao Vicente, Cape Verde. Côte d'Ivoire will welcome an Autograph Collection Hotel in Assinie-Mafia in 2027, while a Sheraton Hotel is due to open in Nouakchott, Mauritania, later this year. Source: Supplied | The Ritz-Carlton, Masai Mara Safari Camp Southern and Central Africa growth steady South Africa — Marriott's largest African market — will see the addition of Morea House, an Autograph Collection Hotel in Cape Town this year, followed by a new property within Kruger National Park in 2026. The company will also open a Protea Hotel by Marriott and a Four Points by Sheraton in Kinshasa, Democratic Republic of Congo, by the end of 2025. In Madagascar, a Delta Hotels by Marriott is due this year, with a Protea Hotel in Antananarivo planned for 2026. The expansion plan includes a Le Méridien hotel in Cameroon, expected in 2027. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
Harpers Bazaar Arabia
2 days ago
- Harpers Bazaar Arabia
Discover The Spirit of Diriyah At The Bab Samhan Mariott Hotel
With its mudbrick walls, Najdi details and cultural programming, the Luxury Collection's Bab Samhan Hotel invites guests to experience Saudi tradition from the inside out It's official. Bab Samhan has opened its doors in the heart of Diriyah. Tucked within its winding alleyways, this luxurious Marriott hotel is all set to offer travellers an immersive stay deeply rooted in Saudi tradition. Just steps from the UNESCO-listed At-Turaif district, the hotel is surrounded by centuries of history and the distinctive landscape of the Najd region. Known for its ancient mudbrick architecture and Kingdom's origins through restored palaces, mosques and cultural legacy, Diriyah offers a glimpse into the traditional structures. Bab Samhan takes its name from one of the area's most iconic gates where Imam Abdullah bin Saud once laid plans to defend the city – underscoring the hotel's connection to the region's layered past. The hotel features 134 rooms and suites, many with views over the historic surroundings. Built in the traditional Najdi Style, its design is marked by textured adobe walls, intricately carved timber ceilings and open courtyards that mirror the rhythm of old Diriyah. Inside, hospitality is warm and distinctly local. Guests are welcomed with traditional beverages and dates at Wujar, a lobby lounge inspired by classic Arabian gathering spaces. Local artwork, woven rugs and curated objects add texture and meaning to the interiors. Dining is central to the experience. Jareed reinterprets Najdi classics using seasonal local ingredients. Taleed by chef Michael Mina features Mediterranean flavours, while Medheef offers globally inspired cuisine from 2 lively open kitchen. For wellness, The Earthen Spa delivers organic treatments and guided mindfulness sessions, with dedicated fitness spaces for men and women. The hotel also houses five flexible venues and a 400-square-metre ballroom for events and celebrations. The hotel also offers guests an opportunity to connect deeply with the traditions of the Kingdom. From guided visits to the nearby UNESCO-listed At-Turaif to evenings filled with storytelling, poetry, and culinary discovery, the hotel curates experiences beyond hospitality – inviting travellers to engage with the rich heritage surrounding them. Staying here isn't just another hotel stay – its waking up in a place where the past lingers in every details, and every wall has a tale to tell.
Yahoo
2 days ago
- Business
- Yahoo
Marriott International, Inc. (MAR): A Bull Case Theory
We came across a bullish thesis on Marriott International, Inc. (MAR). on Incremental Returns' Substack. In this article, we will summarize the bulls' thesis on MAR. Marriott International, Inc. (MAR). 's share was trading at $257.91 as of 16th June. MAR's trailing and forward P/E were 29.34 and 25.45 respectively according to Yahoo Finance. Aerial view of a luxury hotel tower surrounded by lush green landscaping. Marriott has built a brand synonymous with quality and consistency, offering a spectrum of accommodations from luxury to budget-conscious options. But its true competitive strength lies beyond branding—in the strategic architecture that sustains its moat. Marriott's long-term management and franchise agreements, often starting at 20 years and renewable up to 50, create formidable barriers to entry. In a physically constrained hotel market, this allows Marriott to lock in prime locations and effectively block out competition for decades. For hotel owners, switching from Marriott can be financially perilous. Exiting the Marriott system not only severs access to its massive Bonvoy loyalty base—which accounted for over half of global room nights in 2022—but also risks a drastic drop in bookings and revenue, putting hotel operators' leveraged assets at risk. Additionally, aligning with a new brand may require expensive renovations to meet updated brand standards. Marriott makes switching both economically and operationally unappealing. On the customer side, Bonvoy further enhances retention by leveraging loss aversion psychology; guests feel committed to the ecosystem to maximize their points, discouraging defection to other chains. With Bonvoy now the largest hotel loyalty program globally, Marriott enjoys network effects that reinforce its leadership. More members make the platform attractive to hotel owners, while more participating hotels make the program more valuable to travelers. The recent partnership with MGM Resorts, adding over 40,000 Las Vegas rooms, exemplifies this flywheel. Altogether, Marriott presents a powerful case for long-term investment, combining durable customer loyalty, high franchise stickiness, and the compounding benefits of a scaled ecosystem. Previously, we highlighted on Marriott Vacations Worldwide (VAC) by Psychological_Ad4317 on the Value Investing subreddit, as a deep value play trading at historically low multiples with a 5% yield and insider buying signalling confidence. The stock has appreciated by roughly 19% in price since then. The thesis on Marriott International (MAR) builds on the brand's strength from a quality-income lens to a network-moat thesis, emphasizing its franchise durability and Bonvoy-driven customer and owner stickiness. Marriott International, Inc. (MAR). is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 60 hedge fund portfolios held Marriott International, Inc. (MAR). at the end of the first quarter which was 69 in the previous quarter. While we acknowledge the risk and potential of MAR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Skift
3 days ago
- Business
- Skift
Sonder CEO Davidson Exits, Chairperson Named Interim Boss
This move was a long time in the making. Sonder needs a big reset. Sonder announced Wednesday that co-founder and CEO Francis Davidson stepped down from that role and from the board, marking the end of a decade-long run leading the hospitality startup. Davidson's departure comes as Marriott is poised to implement a 20-year strategic licensing deal with Sonder, which would integrate Sonder's apartment and hote
