Last $65.02 USD
Change Today -0.55 / -0.84%
Volume 2.1M
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As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

10400 Fernwood Road

Bethesda, MD 20817

United States

Phone: 301-380-3000

Fax:

Marriott International, Inc. operates, franchises, and licenses hotels and timeshare properties under various brand names worldwide. The company also operates, markets, and develops residential properties and provides services to home/condominium owner associations. The company operates, franchises, or licenses 3,916 properties worldwide, with 675,623 rooms in 2013 inclusive of 40 home and condominium products (4,228 units) for which the company manages the related owners’ associations. Company-Operated Properties In 2013, the company operated 1,057 properties (283,029 rooms) under long-term management agreements with property owners, 35 properties (8,542 rooms) under long-term lease agreements with property owners (management and lease agreements together, ‘the Operating Agreements’), and 9 properties (1,960 rooms) as owned. The company provides centralized reservation services and national advertising, marketing, and promotional services, as well as various accounting and data processing services. Franchised, Licensed, and Unconsolidated Joint Venture Properties The company has franchising, licensing, and joint venture programs that permit other hotel owners and operators and Marriott Vacations Worldwide Corporation to use majority of its lodging brand names and systems. It is a partner in unconsolidated joint ventures that manage hotels. In 2013, the company had 2,673 franchised properties (360,451 rooms), 80 unconsolidated joint venture properties (8,839 rooms), and 62 licensed timeshare, fractional, and related properties (12,802 units). Residential The company uses or licenses its trademarks for the sale of residential real estate, in conjunction with hotel development and receive branding fees for sales of such branded residential real estate by others. Residences are constructed and sold by third-party owners. The company has used or licensed its The Ritz-Carlton, EDITION, Autograph Collection Hotels, JW Marriott, and Marriott Hotels brand names and trademarks for residential real estate sales. Segments The company’s operations are grouped into four business segments: North American Full-Service, North American Limited-Service, International, and Luxury. North American Full-Service: This segment includes the Marriott Hotels, Marriott Conference Centers, JW Marriott, Renaissance Hotels, Renaissance ClubSport, Gaylord Hotels, and Autograph Collection properties located in the United States and Canada. North American Limited-Service: This segment includes the Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, and TownePlace Suites properties, located in the United States and Canada. International: This segment includes the Marriott Hotels, JW Marriott, Renaissance Hotels, Autograph Collection, Courtyard, AC Hotels by Marriott, Fairfield Inn & Suites, Residence Inn, and Marriott Executive Apartments properties located outside the United States and Canada. Luxury: This segment includes The Ritz-Carlton, Bulgari Hotels & Resorts, and EDITION properties worldwide (together with residential properties associated with some of The Ritz-Carlton hotels). Brands The company’s brands include Marriott Hotels; TownePlace Suites by Marriott (TownePlace Suites); JW Marriott; Marriott Executive Apartments; Renaissance Hotels; The Ritz-Carlton; Gaylord Hotels; Bulgari Hotels & Resorts; Autograph Collection Hotels; EDITION; Moxy Hotels; AC Hotels by Marriott; Courtyard by Marriott (Courtyard); Marriott Vacation Club; Fairfield Inn & Suites by Marriott (Fairfield Inn & Suites); The Ritz-Carlton Destination Club; SpringHill Suites by Marriott (SpringHill Suites); The Ritz-Carlton Residences; Residence Inn by Marriott (Residence Inn); and Grand Residences by Marriott. Marriott Hotels is the company’s global major premium brand, primarily serving business and leisure upper-upscale travelers and meeting groups. Properties are located in downtown, urban, and suburban areas, near airports, and at resort locations. In 2013, there were 486 Marriott Hotels properties (174,509 rooms), excluding JW Marriott and Marriott Conference Centers. In 2013, there were 10 Marriott Conference

 

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MAR Competitors

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Company Last Change
Host Hotels & Resorts Inc $22.52 USD -0.08
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Starwood Hotels & Resorts Worldwide Inc $83.68 USD -0.66
Wynn Resorts Ltd $202.73 USD -0.46
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Industry Analysis

MAR

Industry Average

Valuation MAR Industry Range
Price/Earnings 30.3x
Price/Sales 7.6x
Price/Book NM Not Meaningful
Price/Cash Flow 28.7x
TEV/Sales 6.2x
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