Marriott International News

The journey of the largest hotel chain in the world, Marriott International, Inc. - now with more than seven thousand hotel, residential, and timeshare properties - began with a root-beer stand in Washington, D.C. in 1927 started by J. Willard and Alice S. Marriott. Following its $13.3 billion acquisition of Starwood Hotels & Resorts in 2016, it became the largest global hotel company. It currently commands a mammoth portfolio of more than two dozen hotel brands such as JW Marriott Hotels, The Ritz-Carlton, The Luxury Collection, Delta Hotels, Marriott Vacation Club, Le Méridien, Sheraton Hotels and Resorts, Courtyard, Fairfield, and W Hotels. Its properties contain nearly a million and a half rooms worldwide. Through its premier loyalty program Bonvoy, it is engaged in partnerships with the likes of United Airlines, Uber, American Express, Hertz, and others to optimize customer engagement.

Hotels

Marriott and Hilton Embrace Dividends and Stock Buybacks

Even with their stock at a new all-time high, Hilton is continuing to return capital to shareholders with stock buybacks. Not to be outdone, Marriott International announced a quarterly cash dividend of $0.52 per share and an increase in the share buyback authorization from their board of directors.
Hotels

Marriott Adds 3 Premium Hotels in Vietnam

Marriott International announced the opening of three premium brand hotels in Vietnam’s leisure destinations: Nha Trang Marriott Resort & Spa, Hon Tre Island, Danang Marriott Resort & Spa, Non Nuoc Beach Villas, and Renaissance Hoi An Resort & Spa.
Hotels

NewcrestImage Expands Portfolio with Three Marriott Hotel Acquisitions

NewcrestImage is acquiring three Courtyard by Marriott hotels from W.P. Carey. Two properties, at Albuquerque International Sunport and at Indianapolis International Airport, have already closed, while the third property at Chicago O’Hare International Airport is expected to close in early November.