Marriott International Reports Third Quarter 2010 Results

In the third quarter, revenue per available room at Marriott’s North American hotels rose 7.2 percent year-over-year and average daily rates rose nearly 2 percent. International Marriott hotels showed tremendous strength, with RevPAR up 12 percent in the quarter on a constant dollar basis.
Third quarter 2010 net income totaled $83 million, a 57 percent increase [...]

Marriott opens hotels in Sweden; continues European growth

This week Marriott International, Inc. hosts grand openings for its first two hotels in Sweden — the Courtyard Stockholm Kungsholmen and theRenaissance Malmo. Leading the festivities are Arne Sorenson, president and chief operations officer of Marriott International and Amy McPherson, president and managing director of Marriott International in Europe.  In addition to VIP guests and hotel associates, [...]

Marriott reports Q4 2009 financial results

Marriott International, Inc. (NYSE:MAR) today reported fourth quarter and full year 2009 results.
Fourth quarter 2009 adjusted income from continuing operations attributable to Marriott totaled $118 million, a 2 percent decline over the year-ago quarter, and adjusted diluted earnings per share (“EPS”) from continuing operations attributable to Marriott shareholders totaled $0.32, down 3 [...]

Courtyard Marriott’s new look

The lobby of the Courtyard Marriott at 474 Main Ave. has received a $1 million facelift and hotel staff want to show off the transformation.
To that end, the hotel will hold a grand reopening at 5 p.m. today to unveil its ultra modern, state-of-the-art lobby. The new lobby includes a bistro, home theater, lounge, fireplace, [...]

Marriott’s Autograph Collection announces first seven hotels

Marriott International, Inc. (NYSE: MAR) announced today at the American Lodging Investment Summit that seven iconic hotels from The Kessler Collection will be the first to join the Autograph Collection, the company’s newest brand that features independent hotels and resorts from around the world representing upper-upscale and luxury properties with distinctive personalities. All seven hotels [...]

Independent Hotels Sign On With Marriott

Marriott International Inc., known for its rigid uniformity, is loosening up a little.
This week the company is unveiling the first properties in its new brand-the Autograph Collection-which allows upscale boutique hotels to retain local character even as they sign up with Marriott.
Traditionally, Marriott has strived to create a dependability for travelers at all of its [...]

Marriott opens 19-story time share resort on Singer Island in Riviera Beach

Marriott Vacation Club, the timeshare division of the hotel giant, on Wednesday celebrated the opening of its newest timeshare resort, the 19-story Oceana Palms on Singer Island.
The resort, at 3200 N. Ocean Drive, marks the second vacation club property on Singer Island. Marriott already operates the Marriott Ocean Pointe in nearby Palm Beach Shores.
The Oceana’s [...]

Marriott updates Q4 RevPAR guidance

Marriott International, Inc. (NYSE: MAR) today said that while fourth quarter results are not yet available, the company expects its fourth quarter 2009 revenue per available room (REVPAR) for comparable systemwide hotels outside North America will have declined 14 to 16 percent on a constant dollar basis, consistent with the company’s outlook disclosed in a [...]