Featured Company News Marriott International adds Cristallo Res - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Featured Company News Marriott International adds Cristallo Resort & Spa to its Luxury Collection Hotels and Resorts

LONDON, UK / ACCESSWIRE / June 19, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Marriott International, Inc. (NASDAQ: MAR). The Company announced on June 15, 2017, that the iconic Cristallo Resort & Spa located in Cortina, Italy, will become a part of The Luxury Collection. The Gualandi family owns and manages the Cristallo. This will be The Luxury Collection’s first hotel in Cortina, Italy and its first ski resort worldwide. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on MAR. Go directly to your stock of interest and access today’s free coverage at:

http://protraderdaily.com/optin/?symbol=MAR

The new addition and plans for its future

Cristallo Resort is a UNESCO World Heritage site and a dual-season property. The Luxury Collection plans to undertake extensive renovation on the property and will be done in two phases. In the first phase the hotel’s rooms and suites, and the hotel’s lobby will be redesigned and then will be opened to receive guests. The second phase of the renovation is expected to be completed by December 2017 after which it will be ready for the ski season as a part of The Luxury Collection. The acquisition is part of The Luxury Collection’s goal of expanding its presence in the European market.

In early June 2017, Marriott had revealed its plan to expand its independent hotels across its three brands – The Luxury Collection, Autograph Collection Hotels, and Tribute Portfolio. Marriott expects that each brand would grow 20% in FY17 and 50% by 2019. Marriott has a pipeline of over 40 global properties across the three brands, ready for opening.

Commenting on the new addition to Marriott’s The Luxury Collection, Mitzi Gaskin, Global Brand Leader, The Luxury Collection & JW Marriott said:

“The iconic Cristallo Resort is a perfect fit for The Luxury Collection, as it is truly a hotel that defines its destination. Italy is a key market for our brand, and this hotel marks our eighth location in the country, while also celebrating a key global milestone – The Luxury Collection’s first ski resort in the world!”

Phil Andreopoulos, Chief Operations & Franchise Support Officer, Marriott International Europe added:

“Cristallo is a strategic conversion that underscores The Luxury Collection’s continued investment effort in Italy.”

Sharing his views on the matter Paola Gualandi, Owner and Vice President of Sales & Marketing, Cristallo Resort & Spa commented:

“Joining forces with The Luxury Collection will allow us to continue the tradition of warm family hospitality, while at the same time it will enable us to be included in a global portfolio of properties that are bound by a collective standard of luxury.”

About Cristallo Resort & Spa

Emilia and Giuseppe Menardi opened the Palace Hotel Cristallo in 1901 in Cortina which was designed by the master architect Gustavo Ghiretti, inspired by art nouveau in honor of noble Viennese traditions. The Italian town of Cortina d’Ampezzo is one of Italy’s most sought-after destinations for skiing, summer activities such as hiking and mountain biking, as well as one of the region’s top epicurean destinations.

Over the years Cristallo grew as the most fashionable and popular destinations in Italy. The hotel has hosted The Winter Olympics and various famous and globally renowned personalities over the years. The luxury resort was closed for many years in the 1990s before Bolognese entrepreneur Paolo Gualandi restored the property and opened it as Cristallo Hotel Spa & Golf in July 2001. It is located in North-eastern Italy and nestled within the spectacular Dolomites mountain range. The resort has majestic views of Cortina and the monumental Dolomites.

The hotel has 74 guestrooms, including 20 suites and two Presidential suites. Each room boasts of signature Luxury Collection bed, en-suite Carrara marble bathroom with heated floors, and modern technology. The luxury resort also has four dining options with its four restaurants La Stube 1872, Il Gazebo, La Veranda, and La Terrazza. The luxury resort also has a Transvital Swiss Beauty Center – The Cristallo ULTIMATE SPA, which offers locally-sourced, exclusive therapeutic treatments that provide signature detox, anti-ageing, relaxation, and après ski rituals. The luxury resort also has a private event space, and a nine-hole golf course and an alpine-style Club House which is located within a short drive from the resort.

About Marriott’s the Luxury Collection

Marriott launched The Luxury Collection nearly 2 decades back and currently has over 100 hotels located across 30 countries and territories. The Luxury Collection consists of some of the world’s most iconic hotels from The Gritti Palace in Venice to Santa Marina, a Luxury Collection Resort in Mykonos. The brand has plans to make its debut in three countries in FY17 and to open two ski resorts for the first time – one is Cristallo, a Luxury Collection Resort & Spa in Cortina and the second is Hotel Talisa, a Luxury Collection Resort in Vail, Colorado.

Last Close Stock Review

At the closing bell, on Friday, June 16, 2017, Marriott’s stock marginally fell 0.23%, ending the trading session at $104.50. A total volume of 3.96 million shares have exchanged hands, which was higher than the 3-month average volume of 2.81 million shares. The Company’s stock price soared 18.31% in the last three months, 24.49% in the past six months, and 59.32% in the previous twelve months. Moreover, the stock surged 26.39% since the start of the year. The stock is trading at a PE ratio of 37.73 and has a dividend yield of 1.26%. The stock currently has a market cap of $39.68 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 466130

Information contained on this page is provided by an independent third-party content provider. Frankly and this Station make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@franklyinc.com

Powered by Frankly