Marriott is the world's largest hotel network that focuses on branding hotels rather than owning the properties
Marriott should grow intrinsic value at 14% p.a. and is priced at a reasonable valuation.
May 15, 2019Marriott reported quarterly earnings on May 10th, and these were another strong set of results that are exactly in line with our investment thesis. For the period: Fee income grew 6%, driven by 5% growth in net room count and 1% growth in revenue per available room Net Income grew 11%, after adjusting for one-time items that inflated earnings in Q1 2018. We saw some ...
Apr 15, 2019We’re adding the world’s leading hotel group, Marriott International, to our Cogent Alpha portfolio with a Buy rating. Marriott is the world’s largest hotel chain and an excellent business. It has a capital-light business model focusing on branding and managing hotels, rather than owning the underlying real estate. This model and Marriott’s leading global scale has powered ...