Marriott International, Inc.'s Stock Analysis

Marriott Issues $1.477 Billion in New Debt Securities

Marriott International, Inc. has entered into a Terms Agreement to issue $1.5 billion in new debt securities, comprising three series of notes: $400 million of 4.200% Series TT Notes due 2027, $500 million of 4.500% Series UU Notes due 2031, and $600 million of 5.250% Series VV Notes due 2035. The notes were issued on August 20, 2025, with net proceeds from the offering amounting to approximately $1.477 billion after expenses. The company plans to use these funds for general corporate purposes, which may include working capital and debt repayment.

Interest payments on the Series TT Notes will begin on January 15, 2026, while the Series UU and Series VV Notes will start interest payments on April 15, 2026. The maturity dates for the notes range from July 15, 2027, to October 15, 2035. Marriott retains the option to redeem the notes under specified terms outlined in the indenture agreement. The company has also filed the necessary legal documents and prospectuses with the Securities and Exchange Commission related to this offering.

Aug 20, 2025 16:10:27

Marriott Reports Second Quarter 2025 Financial Results and Growth

Marriott International reported its financial results for the second quarter of 2025, highlighting a 1.5% increase in worldwide revenue per available room (RevPAR), with international markets seeing a growth of 5.3%. The company achieved a reported diluted earnings per share (EPS) of $2.78 and an adjusted EPS of $2.65, alongside a net income of $763 million. The hotel chain added approximately 17,300 net rooms during the quarter, reflecting a 4.7% growth from the previous year, and concluded the quarter with a development pipeline of nearly 3,900 properties and over 590,000 rooms.

In terms of shareholder returns, Marriott repurchased 2.8 million shares for $0.7 billion in the second quarter, totaling approximately $2.1 billion returned to shareholders year-to-date through dividends and share buybacks. The company's total debt at the end of the quarter stood at $15.7 billion, with cash and equivalents amounting to $0.7 billion. Overall, Marriott's financial performance indicates resilience amidst economic uncertainty, with a focus on expanding its global brand portfolio and enhancing its Marriott Bonvoy travel platform.

Aug 05, 2025 07:00:29

Marriott Announces Leadership Changes with CFO Retirement and Successors

Marriott International has announced the retirement of Kathleen K. Oberg, the company's Chief Financial Officer and Executive Vice President of Development, effective March 31, 2026. Oberg, who has been with Marriott for 26 years and served as CFO since 2016, will step down following the filing of the 2025 Annual Report. Jennifer C. Mason, currently the Global Officer, Treasurer and Risk Management, has been appointed as the new CFO, while Shawn Hill will take on the role of Chief Development Officer starting January 1, 2026.

Mason has a long tenure at Marriott, having held various leadership positions since joining in 1992, and is expected to bring extensive financial experience to her new role. Hill, who has been with Marriott for nearly 28 years, is currently the Chief Development Officer for the Asia Pacific Excluding China region. Both Mason and Hill will join Marriott's executive leadership team and report to President and CEO Anthony Capuano, ensuring continuity and strategic leadership as the company transitions to new management.

Jul 14, 2025 16:19:24

Marriott Reports Q1 2025 Earnings and Development Updates

Marriott International announced its first quarter 2025 financial results, highlighting a 4.1% increase in worldwide RevPAR, with a 3.3% rise in the U.S. and Canada and a 5.9% increase in international markets. The company reported a net income of $665 million, an 18% increase from the previous year, and adjusted diluted earnings per share (EPS) of $2.32. Marriott added approximately 12,200 net rooms during the quarter, contributing to a total of nearly 9,500 properties worldwide. The company's development pipeline includes about 3,800 properties and over 587,000 rooms, reflecting a 7.4% year-over-year growth in development activity.

In addition to its financial performance, Marriott repurchased 2.8 million shares of common stock for $0.8 billion during the quarter. Year to date, the company has returned over $1.2 billion to shareholders through dividends and share repurchases. The total debt at the end of the quarter was $15.1 billion, with cash and equivalents totaling $0.5 billion. Marriott's loyalty program membership grew to nearly 237 million members by the end of March 2025, and the company announced plans to acquire the citizenM brand, which is expected to enhance its offerings in the select-service segment.

May 06, 2025 07:01:06

Marriott Reports $455 Million Net Income in Q4 2024

Marriott International reported a 5.0% increase in worldwide RevPAR for the fourth quarter of 2024, with notable growth in both U.S. & Canada (4.1%) and international markets (7.2%). The company achieved a reported diluted EPS of $1.63 and an adjusted diluted EPS of $2.45. Additionally, Marriott's net income for the quarter was $455 million, while adjusted net income reached $686 million. The company's global development pipeline is robust, with nearly 3,800 properties and over 577,000 rooms planned, alongside record gross room additions of 123,000 in 2024. The company returned over $4.4 billion to shareholders through dividends and share repurchases during the year.

Conversely, Marriott's reported net income for the fourth quarter decreased by 46% compared to the previous year, and diluted EPS fell from $2.87 to $1.63. The decline in net income was attributed to a significant tax benefit in the prior year, which was not repeated in 2024. Incentive management fees also decreased slightly, and owned, leased, and other revenue dropped from $151 million in the previous year to $100 million, largely due to the absence of a termination fee that had positively impacted the prior year's results. Additionally, interest expenses rose due to higher debt balances.

Feb 11, 2025 07:30:21

Marriott Appoints Taco Bell CEO Sean Tresvant to Board

Marriott International has elected Sean Tresvant, the CEO of Taco Bell, to its board of directors, effective February 12, 2025. Mr. Tresvant's leadership at Taco Bell is noted for driving growth, enhancing brand awareness, and expanding the franchise network. His diverse experience, including a significant tenure at Nike, is expected to contribute to Marriott's focus on innovation and growth strategies, particularly as the company navigates the future of the hospitality industry.

However, the press release highlights that the board will expand to 13 directors, which may raise concerns about board size and governance. While the addition of independent directors is generally viewed positively, the effectiveness of a larger board can sometimes be questioned, especially in terms of decision-making efficiency. Marriott is also expected to face challenges in aligning its strategies with evolving market demands, which could impact overall performance.

Jan 21, 2025 08:11:54

Marriott Reports $584 Million Net Income for Q3 2024

Marriott International's third quarter 2024 results show a 3.0 percent increase in worldwide RevPAR, with significant growth in international markets at 5.4 percent. The company reported a diluted EPS of $2.07, an increase from the previous year’s adjusted EPS of $2.11, and added approximately 16,000 net rooms during the quarter. Adjusted EBITDA rose to $1,229 million, compared to $1,142 million in the same quarter last year, reflecting positive performance in management and franchise fees, which increased by 7 percent year-over-year.

However, Marriott's reported net income decreased to $584 million from $752 million in the previous year, with reported diluted EPS down from $2.51 to $2.07. Additionally, general, administrative, and other expenses rose to $276 million, primarily due to an operating guarantee reserve and litigation reserve. The company also experienced an increase in interest expense, totaling $168 million, attributed to higher debt balances compared to the previous quarter.

Nov 04, 2024 07:21:36

Marriott Announces Blackout Period for Stock Transactions

Marriott International has announced a temporary blackout period for its directors and executive officers, preventing them from trading company shares due to a transition to a new retirement savings plan recordkeeper. This blackout period is necessary to ensure a smooth transition and will last from September 25, 2024, to October 18, 2024. During this time, participants in the retirement plan will not be able to make changes to their investments or access their accounts, including the Marriott Company Stock Fund.

The restrictions apply specifically to company securities that directors and executive officers hold in connection with their roles at Marriott. They are prohibited from buying, selling, or transferring these shares during the blackout period. While there are some exceptions, it is emphasized that all transactions must be pre-approved according to company policy. This notice serves to keep all involved parties informed and compliant with federal securities laws during this transition period.

Aug 20, 2024 11:19:43

Marriott Reports Strong Growth and Increased Shareholder Returns

Marriott International announced positive second quarter 2024 results, with a 4.9% increase in revenue per available room (RevPAR) globally and a rise in net income to $772 million. The company also reported higher earnings per share and added 15,500 net rooms. Additionally, Marriott returned $2.8 billion to shareholders through dividends and share repurchases. However, some challenges were noted, including weaker performance in Greater China and rising interest expenses.

Jul 31, 2024 07:13:21

Marriott International Q1 2024 Results Overview

Marriott International's Q1 2024 saw a 4.2% RevPAR increase globally, with strong growth in international markets but a decrease in the U.S. & Canada. Adjusted EPS rose to $2.13, and the company added 46,000 net rooms. The development pipeline includes over 3,400 properties. Despite a decline in net income, Marriott repurchased $1.2 billion in stock and plans to return $4.2-$4.4 billion to shareholders in 2024. The company highlights the success of its Marriott Bonvoy loyalty program and the launch of the MGM Collection partnership.

May 01, 2024 07:10:28