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MARRIOTT INTERNATIONAL, INC.

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Marriott International : Element by Westin« Announces Opening of Element Philadelphia, the Largest Property for the Global Eco-Conscious Brand

05/14/2021 | 09:43am EDT

Element Hotels - part of Marriott Bonvoy's extraordinary portfolio of 30 leading brands and designed for today's healthy, active traveler - announce today the opening of Element Philadelphia, marking the brand's debut in the city. Developed by Conshohoken-based Chestlen Development, the hotel will be the newest addition to Philadelphia's reemerging hospitality scene, with travelers planning an average of 2.7 trips this year, according to a recent Visit Philadelphia report. Designed with a focus on sustainability and well-being, Element is ideal for families, groups and business travelers who want to maintain a balanced lifestyle while on the road.

'Bringing the Element brand to Philadelphia was a strategic decision to appeal to the wellness-minded modern traveler, who is looking for self-sufficiency, more space to recharge, and amenities that align with their lifestyle,' stated Edward Baten, Complex General Manager, Element Philadelphia. 'As the needs of travel, work and leisure have evolved over the last year, our offering is better suited than ever before to welcome guests with a range of work and life demands. Our flexible accommodations will open at a time when it's needed most for leisure and business travelers alike.'

Element Hotels has redefined the longer stay experience with a design philosophy that encourages guests to recharge and find focus. This approach is seen throughout Element Philadelphia, the brand's largest property globally. The hotel's 460 bright and modern guest rooms are positioned in an ideal Center City location and boast impressive views of Philadelphia's historic architecture and skyline. The sunlit Sky Lobby will offer open seating for work and relaxation, and a range of safe, socially distanced amenities for guests to utilize. Fully equipped kitchens in every room, a business center, Motion Fitness center and guest laundry services create flexible work-from-anywhere possibilities.

At Element Philadelphia, guests will be energized with a food and beverage program that prioritizes fresh, healthy ingredients. A complimentary Rise breakfast starts the day and the Relax evening reception invites guests to unwind together in the Sky Lobby. Balanced grab-and-go meals, snacks and beverages are available from the Restore gourmet pantry, which features products from local producers. In addition, guests are invited to eat well from the comfort of their own room. With kitchens stocked with everything needed to create a home-cooked meal, Element hopes to inspire guests by introducing local culinary and nutritional voices to provide easy-to-follow recipes. These digital recipes and meal ideas, which will be accessible via in-room QR codes and in pre-arrival emails, will feature fresh, local ingredients that can be picked up at iconic neighborhood markets such as Di Bruno Brothers and Reading Terminal Market.

Designed to get visitors moving, Element Philadelphia features a Bikes to Borrow program with its custom-designed Priority Bicycles in unmistakable Element green. The Bikes to Borrow program provides suggested routes to help guests experience the city's history, art or nearby bike trails.

Whether on two wheels or walking with a four-legged friend, Element encourages guests and their pets to explore more. Element's pet-friendly program includes a signature dog bed, treats, water bowls, eco-friendly clean-up supplies and more for travelers visiting with pets.

Element Philadelphia offers more space for guests to live their lives in rooms ranging in size from a Standard guest room, to Deluxe and Executive guest rooms, to One Bedroom Suites. The signature Westin Heavenly® beds and spa-inspired bathrooms feature rain showers designed to infuse a sense of calm.

Element is proud to be green from the ground up and has built a smarter, better place to stay. When choosing materials, Element Philadelphia's design team pioneered eco-friendly, sustainable design that improves hotel air quality, minimizes pollutants and chemicals, and gives guests ample access to natural light, resulting in a cleaner, healthier environment. The hotel also integrates eco-friendly materials and practices into its design in a variety of ways, including:

  • Electric vehicle charging stations
  • Guestrooms featuring carpets with up to 100% recycled content
  • Wall art mounted on a base made from recycled tires
  • Walls featuring low-VOC (volatile organic compounds) paints
  • Bathrooms featuring low-flow faucets and fixtures
  • Silverware and glassware provided, minimizing single-use plastics and disposable waste
  • Recycling is made easy with bins in every guestroom and throughout public spaces
  • Filtered water is available in all guestrooms and in the public spaces through a dispenser unit
  • Element Philadelphia uses only 100% recycled postconsumer wastepaper for all printing and stationery needs

Element Philadelphia will soon provide access to over 45,000 square feet of purpose-built event space, fully adaptable for the changing dynamics of indoor meetings, events and celebrations.

Guests of Element Philadelphia can travel with confidence with services adapted for COVID-19, adhering to Marriott's Commitment to Clean standards throughout their stay, including contactless check-in, social distancing, increased cleanliness protocols and new UV-light cleaning technologies. Consisting of in-house and outside experts in food safety, hygiene and infection prevention, and hotel operations, the Marriott Cleanliness Council has redefined cleaning and safety standards.

Element Philadelphia is located at 1441 Chestnut Street, Philadelphia, PA 19102. For more information, to book an event or learn more about the hotel's offerings, visit www.elementphiladelphia.com. You can also follow the hotel on Instagram and Facebook @elementphiladelphia.

About Element Hotels
With more than 65 hotels across North America, Europe, Middle East & Africa, and Asia Pacific, Element Hotels is designed for today's healthy, active traveler who wants to maintain the balance of daily routines while on the road. Offering many of the comforts of home, Element caters to those looking to stay both short and long-term. All hotels have an outdoor-inspired, sustainability-focused design philosophy and feature spacious and airy guest rooms with in-room kitchens, spa-inspired bathrooms, and signature Heavenly® Beds. The brand's signature amenities include a complimentary healthful Rise breakfast and a Relax evening reception. Always prioritizing guest wellness, all hotels are equipped with 24/7 Motion Fitness centers, all-natural saline pools and a Bikes to Borrow program. Further increasing flexibility and convenience for small groups, Element now offers Studio Commons, a one-of-a-kind room concept with private communal space to cook, convene, or relax together. For more information, visit www.elementhotels.com and follow along on Facebook and Instagram. Element 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 free nights and Elite status recognition. To enroll for free or for more information about the program, visit MarriottBonvoy.com.

About Marriott Bonvoy
Marriott Bonvoy is the award-winning travel program from Marriott International that encompasses the company's global portfolio of 30 hotel brands and premium home rental offering Homes and Villas by Marriott International. When members book directly with Marriott, they earn points for every stay, have access to member-only rates and can take full advantage of the features in the Marriott Bonvoy app that delivers a seamless travel experience. Using Marriott Bonvoy co-branded credit cards from Chase and American Express, members accumulate even more points when making purchases. Points can be redeemed for free nights, exclusive experiences on Marriott Bonvoy Moments, converted into miles with the program's airline partners and more. As members stay more often at participating properties, they achieve elite status providing even more benefits, including bonus points, enhanced Wi-Fi and guaranteed late checkout. To enroll for free or for more information about Marriott Bonvoy, visit MarriottBonvoy.com. To download the Marriott app, go here. Travelers can also connect with Marriott Bonvoy on Facebook, Twitter and Instagram.

Disclaimer

Marriott International Inc. published this content on 14 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 13:42:08 UTC.


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Financials (USD)
Sales 2021 13 157 M - -
Net income 2021 644 M - -
Net Debt 2021 9 310 M - -
P/E ratio 2021 69,3x
Yield 2021 0,06%
Capitalization 45 208 M 45 208 M -
EV / Sales 2021 4,14x
EV / Sales 2022 2,92x
Nbr of Employees 121 000
Free-Float 83,5%
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Number of Analysts 24
Average target price 146,81 $
Last Close Price 138,83 $
Spread / Highest target 26,1%
Spread / Average Target 5,75%
Spread / Lowest Target -6,36%
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NameTitle
Anthony G. Capuano Chief Executive Officer & Director
Stephanie C. Linnartz President
Kathleen Kelly Oberg Chief Financial Officer & Executive Vice President
John Willard Marriott Executive Chairman
James H. Scholefield Chief Information & Digital Officer
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