Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

MARRIOTT INTERNATIONAL, INC.

(MAR)
  Report
Delayed Nasdaq  -  04:00 2022-12-01 pm EST
165.19 USD   -0.10%
11/30Marriott International : Expands Luxury Portfolio in Mexico With Multi-Brand, All-Inclusive Signing Agreements With International Developer AB Living Group
PU
11/30Transcript : Marriott International, Inc. Presents at Barclays 8th Eat, Sleep, Play Conference, Nov-30-2022 08:45 AM
CI
11/30Redburn Starts Marriott International at Sell
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Marriott International Signs Agreement with Yuexiu Property to Debut The Ritz-Carlton, Wuhan

10/03/2022 | 11:29am EST

SHANGHAI, CHINA - Marriott International, Inc., today announced the signing of an agreement with Yuexiu Property to bring its iconic Ritz-Carlton brand to downtown Wuhan. Expected to open at the end of 2024, The Ritz-Carlton, Wuhan, is set to elevate the city's luxury hotel landscape with its destination inspired design and highly personalized service.

'We are thrilled to introduce The Ritz-Carlton brand to Wuhan, one of the largest cities in Central China,' said Gavin Yu, Chief Development Officer, Greater China, Marriott International. 'This signing underscores our commitment to grow in the destinations most relevant to today's luxury travelers. The Ritz-Carlton, Wuhan, will be a vibrant addition to Marriott International's portfolio of brands in the city.'

The Ritz-Carlton, Wuhan, is expected to occupy the upper levels of The Yuexiu Global Financial Center T5 Grand A Office Tower, a 330-meter-tall skyscraper in Wuhan's traditional city center of Hankou, while the hotel's lobby, ballroom, meeting rooms, and certain F&B facilities will be housed in another three lower levels of the same building. As one of Wuhan's three urban towns, Hankou is a bustling financial and commercial area with a variety of high-end retail offerings and parks within a close radius. The guest rooms are slated to feature panoramic views of the urban city, nearby Xinhua Stadium, and Zhongshan Park as well as the Yangtze River. Wuhan's other two urban towns - Wuchang and Hanyang - can be easily accessed via a short drive across the rivers.

With its interiors set to be designed by the award-winning, London-based KCA International, The Ritz-Carlton, Wuhan, is expected to feature 205 exceptional rooms and suites and four distinct culinary venues, including a lobby lounge. Plans also call for an anticipated Club Lounge, a signature Ritz-Carlton Spa with a fitness center and a swimming pool, and a total of 1,130 square meters in event space, including a 680-square-meter ballroom.

'The Yuexiu Global Financial Center complex is expected to become a vibrant urban landmark that brings together luxury accommodations, commercial spaces, and retail,' said a representative from Yuexiu Group. 'We are proud to introduce The Ritz-Carlton, Wuhan, to the top floors of this development to bring a luxury hotel experience and sky-high dining to the city.'

About Marriott International

Marriott International, Inc., (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 8,100 properties under 30 leading brands spanning 139 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy, its highly awarded travel program. Connect with us on Facebook and @MarriottIntl on Twitter and Instagram.

About The Ritz-Carlton Hotel Company, LLC

The Ritz-Carlton Hotel Company, LLC, currently operates more than 100 hotels in 35 countries and territories. To join the live conversation, use #RCMemories and follow along on Facebook, Twitter, and Instagram. The Ritz-Carlton Hotel Company, LLC, is a wholly owned subsidiary of Marriott International, Inc., (NASDAQ:MAR). The Ritz-Carlton is proud to participate in Marriott Bonvoy, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments, and unparalleled benefits, including complimentary nights and Elite status recognition. To enroll for free or for more information about the program, visit www.marriottbonvoy.com.

Media Contacts

Jessica Zhou

Senior Director, Communications, Greater China

Marriott International

Jessica.Zhou@marriott.com

Christina Zhou

Executive, Communications, Greater China

Marriott International

Christina.Zhou3@marriott.com

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
HONG KONG EXCHANGES AND CLEARING LIMITED -1.51% 312.2 Delayed Quote.-32.81%
MARRIOTT INTERNATIONAL, INC. -0.10% 165.19 Delayed Quote.-0.03%
YUEXIU PROPERTY COMPANY LIMITED -2.17% 9.52 Delayed Quote.43.23%
All news about MARRIOTT INTERNATIONAL, INC.
11/30Marriott International : Expands Luxury Portfolio in Mexico With Multi-Brand, All-Inclusiv..
PU
11/30Transcript : Marriott International, Inc. Presents at Barclays 8th Eat, Sleep..
CI
11/30Redburn Starts Marriott International at Sell
MT
11/28Marriott International, Inc : Introducing Six New Members of Design Hotels
AQ
11/23UBS Adjusts Price Target on Marriott International to $177 From $165, Maintains Neutral..
MT
11/23The Merrion Hotel joins the Sustainable Hospitality Alliance's global network for respo..
AQ
11/22Marriott International, Inc. Opens Dual-Branded Courtyard and Residence Inn in Montreal..
CI
11/22Insider Sell: Marriott International
MT
11/22Marriott International CFO to Speak at the Barclays 2022 Eat, Sleep, Play Conference No..
AQ
11/22Petco Animal Supplies, Inc. - Homes & Villas by Marriott Bonvoy and Petco Join Forces t..
AQ
More news
Analyst Recommendations on MARRIOTT INTERNATIONAL, INC.
More recommendations
Financials (USD)
Sales 2022 20 291 M - -
Net income 2022 2 243 M - -
Net Debt 2022 9 084 M - -
P/E ratio 2022 24,4x
Yield 2022 0,56%
Capitalization 52 340 M 52 340 M -
EV / Sales 2022 3,03x
EV / Sales 2023 2,77x
Nbr of Employees 120 000
Free-Float 80,5%
Chart MARRIOTT INTERNATIONAL, INC.
Duration : Period :
Marriott International, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MARRIOTT INTERNATIONAL, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 165,35 $
Average target price 171,33 $
Spread / Average Target 3,61%
EPS Revisions
Managers and Directors
Anthony G. Capuano Chief Executive Officer & Director
Stephanie C. Linnartz President
Kathleen Kelly Oberg Chief Financial Officer & Executive Vice President
David Sheets Marriott Chairman
James H. Scholefield Chief Information & Digital Officer
Sector and Competitors
1st jan.Capi. (M$)
MARRIOTT INTERNATIONAL, INC.-0.03%52 340
HILTON WORLDWIDE HOLDINGS INC.-8.57%38 572
HYATT HOTELS CORPORATION4.61%10 746
INTERCONTINENTAL HOTELS GROUP PLC0.33%9 990
ACCOR-11.35%6 689
ASSET WORLD CORP35.78%5 715