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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Marriott International    MAR

MARRIOTT INTERNATIONAL

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Marriott International : The Luxury Collection Unveils Debut Property in the Seychelles; North Island Joins The Luxury Collection as the Portfolio's First Private Island Destination

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12/06/2019 | 09:04am EST

NEW YORK, NY - The Luxury Collection today announced the arrival of North Island, Seychelles into their portfolio of world-renowned hotels and resorts. With just 11 villas, Africa's most exclusive private island is located 30 kilometres from the mainland and is accessible by a scenic helicopter flight or an hour boat ride, giving guests an immediate sense of escapism.

Following its history as a coconut plantation, the granitic island is now a sanctuary for endangered species; luminous beaches and clear blue seas welcome nesting sea turtles, and the Palm forests are home to giant Aldabra tortoises and rare Seychelles white-eye birds. The island has been expertly designed and with pioneering conservation programs, offers the highest standards of hospitality, earning them status as an award-winning sustainable travel destination. With a mission to demonstrate that luxury with a conscience can co-exist, sustainability lies at the heart of North Island's philosophy and will be further embraced and supported with The Luxury Collection. The operational responsibility of the resort will remain with ASMALLWORLD, the world's leading travel & lifestyle community.

'North Island has always skilfully combined a sustainable and environmentally conscious management philosophy with the ambition to provide a truly immersive, barefoot-luxury experience. Whilst maintaining our identity and ethos, our work with The Luxury Collection will allow us to maximise our awareness in our continued efforts in pioneering sustainable luxury travel.' - Jan Luescher, CEO of ASMALLWORLD

Eleven private guest and family villas line the island; each villa has been created using local materials harvested during the island's rehabilitation process, expertly balancing luxury and simplicity. An haute-couture Robinson Crusoe aesthetic has been applied through interiors celebrating the sheer indulgence of volume and space.

'North Island is one of the most rare and luxurious destinations in the world, making it a natural fit for The Luxury Collection and our global explorers who seek authentic experiences and connections to both pristine nature and elevated personalization,' said Anthony Ingham, Global Brand Leader, The Luxury Collection. 'This is the first private island within The Luxury Collection portfolio, and we're delighted to be expanding our footprint of captivating destinations with storied pasts and protected futures.'

The island not only offers a calming refuge from the modern world, but also an invigorating, refreshing getaway connected to the island's natural beauty. Aquatic explorers can take part in snorkeling, diving, fishing, sunset cruises, kayaking, paddle boarding and surfing. Bespoke guided excursions for those looking to explore the granite peaks or coral reefs are also available. Whilst on land, forest trails can be explored by foot, bicycle or private buggy, or guests can simply relax on one of the island's four pristine beaches located at each end of the compass. The island is also the ultimate playground for families and children, with a Beach Buddy program tailormade to interests and hobbies. Parents are invited to take part, or can find their own relaxation whilst children remain supervised.

As part of a new culinary concept, Michelin-Star Chef Akira Back, brings his fine dining concept to the Piazza at North Island. The various dining venues lend themselves to a range of outstanding epicurean experiences with menus changing daily according to the latest island harvest. The Piazza is situated on the ocean front and offers candlelit, private dining utilizing the freshest ingredients from both land and sea. The more relaxed Sunset Beach Bar offers tapas and cocktails during sunset. In-villa dining centers on a comfort food menu featuring local Creole curries or classic dishes, complemented by a generously stocked villa pantry.

The North Island Spa is dwarfed by giant granite peaks, enjoys an open sea breeze and overlooks turquoise waters. Guests are invited to the spa on arrival where they are immediately immersed in 'island life' with each tailor-made treatment starting with a 'barefoot ritual'. A private consultation to create a bespoke spa experience is then formulated as part of a holistic journey of visual and textural contrasts, arousing the senses and rejuvenating mind, body and soul.

With 2020 rates from US$6000 per night, North Island offers an inimitable experience that seeks to offer a contrasted way of life; rough and smooth, old and new, wet and dry, casual and refined, where footprints are the only evidence on the island's vast, untouched beaches.

For more information visit https://www.marriott.com/hotels/travel/sezlc-north-island-a-luxury-collection-resort-seychelles/

About The Luxury Collection Hotels & Resorts

The Luxury Collection, part of Marriott International, Inc., is comprised of world-renowned hotels and resorts offering unique, authentic experiences that evoke lasting, treasured memories. For the global explorer, The Luxury Collection offers a gateway to the world's most exciting and desirable destinations. Each hotel and resort is a unique and cherished expression of its location; a portal to the destination's indigenous charms and treasures. Originated in 1906 under the CIGA brand as a collection of Europe's most celebrated and iconic properties, today The Luxury Collection brand is a glittering ensemble, recently surpassing 119 of the world's finest hotels and resorts in more than 30 countries and territories. All of these hotels, many of them centuries old, are internationally recognized as being among the world's finest. For more information and new openings, visit theluxurycollection.com or follow Twitter, Instagram and Facebook. The Luxury Collection is proud to participate in Marriott Bonvoy, the new name of Marriott's travel program replacing Marriott Rewards, The Ritz- Carlton Rewards, and Starwood Preferred Guest (SPG). The program offers members an extraordinary portfolio of global brands, experiences on Marriott Bonvoy Moments and unparalleled benefits including earning points toward free hotel stays and nights toward Elite status recognition. To enrol for free or for more information about the program, visit MarriottBonvoy.marriott.com.

About Marriott International

Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 7,200 properties under 30 leading brands spanning 134 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company now offers one travel program, Marriott Bonvoy, replacing Marriott Rewards, The Ritz-Carlton Rewards, and Starwood Preferred Guest(SPG). For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram.

About ASMALLWORLD

ASMALLWORLD is the world's leading travel & lifestyle community, focusing on experiences: the modern-day definition of luxury. Centred around the ASMALLWORLD social network, the company operates a digital travel & lifestyle ecosystem which enables and inspires members to make new connections, travel better, and experience more. Members of the ASMALLWORLD social network connect through our app and website, where they can meet other members, engage in online discussions, receive travel and lifestyle inspiration, and enjoy a wealth of travel privileges. Members also meet in person at over 1'000 global ASMALLWORLD events every year, ranging from casual get-togethers in major cities around the world, access to exclusive launches, shows, galas, soirees, exhibitions, major global sporting events, and larger flagship weekend experiences hosted in iconic destinations such as Saint-Tropez, Marbella, and Gstaad. ASMALLWORLD, through its hotel management company ASMALLWORLD Hospitality, also manages the iconic North Island resort in the Seychelles, one of the world's most prestigious luxury resorts.

(C) 2019 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ASMALLWORLD AG 2.50% 2.87 Delayed Quote.3.70%
MARRIOTT INTERNATIONAL 0.83% 150.26 Delayed Quote.-0.77%
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Financials (USD)
Sales 2019 21 136 M
EBIT 2019 2 877 M
Net income 2019 1 594 M
Debt 2019 10 690 M
Yield 2019 1,22%
P/E ratio 2019 33,5x
P/E ratio 2020 22,9x
EV / Sales2019 2,83x
EV / Sales2020 2,76x
Capitalization 49 126 M
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Technical analysis trends MARRIOTT INTERNATIONAL
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TrendsNeutralBullishBullish
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 28
Average target price 144,79  $
Last Close Price 150,26  $
Spread / Highest target 15,8%
Spread / Average Target -3,64%
Spread / Lowest Target -18,1%
EPS Revisions
Managers
NameTitle
Arne M. Sorenson President, Chief Executive Officer & Director
John Willard Marriott Executive Chairman
Kathleen Kelly Oberg Chief Financial Officer & Executive Vice President
Bruce Hoffmeister Global Chief Information Officer
Lawrence W. Kellner Lead Independent Director
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