Marriott To Open 1,700 Hotels, Return $11 Billion To Shareholders By 2021 | 11/16/2015 | Staff
marisha (Posted by) Level 3
(Reuters) – Hotel chain Marriott International Inc on Monday mapped out a three-year plan to open more than 1,700 hotels around the world, return up to $11 billion to shareholders and make a full-year profit of as much as $8.50 per share by 2021.

Marriott, which owns the Ritz-Carlton and St. Regis luxury hotel brands, said it would add between 275,000 and 295,000 rooms over three years, potentially adding $400 million in fee revenue in 2021 and $700 million annually when stabilized.

Company - Profit - Share - Point - Analysts

The company also forecast a profit of $7.65 to $8.50 per share by 2021, the mid point of which was above $7.72 estimated by analysts, according to Refinitiv data.

During the three-year period, the company plans to pay $1.9 billion to $2...
(Excerpt) Read more at:
Wake Up To Breaking News!
One of the countries we liberated was Russia, too bad it seems to have cost us our liberty.
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!