We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Marriott (MAR) Inaugurates New Aloft Hotel in New York City
Read MoreHide Full Article
Marriott International, Inc. (MAR - Free Report) recently announced the opening of its new hotel under the Aloft brand in Long Island City. The Aloft Long Island City-Manhattan View is the first Aloft property in Long Island City and the fourth in the New York City metropolitan area, after properties in Manhattan and Brooklyn.
The hotel is under the ownership of Select Development while it is managed by Real Hospitality Group. It features over 170 loft-style rooms, flexible meeting space and a vibrant rooftop terrace overlooking the panoramic views of the NYC skyline.
Moreover, the hotel provides the industry-first keyless entry system that enables guests to use their smartphone or Apple watch as a room key, in addition to other amenities like a fitness center, live music at the bar along with a lively food & beverage area.
The Aloft brand offers a tech-forward, lively experience to the next generation of tech-savvy travelers and now has over 100 hotels across 19 countries. It is one of the 30 leading brands under Marriott’s operation. After the successful acquisition of Starwood Hotels & Resorts, Marriott became the world’s largest hotel company spanning across 120 countries with over 6,000 properties.
Recently, Marriott reported its third-quarter 2016 results, wherein the bottom line beat the Zacks Consensus Estimate but the top line lagged the same. In fact, the company has surpassed estimates in each of the trailing four quarters with an average beat of 2.78%.
With the economy regaining ground and an improvement in business as well as leisure travel, Marriott is well poised to grow in the near and long term as well. The company’s significant international exposure and an aggressive buyback strategy add to the positives. Further, its investments in technology for hotel bookings would improve guest experience, which in turn, is likely to boost occupancy.
However, lingering political uncertainty in key international markets and significant currency headwinds are affecting most of the hoteliers including Hyatt Hotels Corporation (H - Free Report) and Hilton Worldwide Holdings (HLT - Free Report) , is likely to restrict revenue growth at Marriott too.
Marriott currently carries a Zacks Rank #3 (Hold).
A better-ranked hotel stock is Red Lion Hotels Corporation whose current year growth estimate is pegged at 48.7% compared to the industry average of 23.4%. Further, it currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Marriott (MAR) Inaugurates New Aloft Hotel in New York City
Marriott International, Inc. (MAR - Free Report) recently announced the opening of its new hotel under the Aloft brand in Long Island City. The Aloft Long Island City-Manhattan View is the first Aloft property in Long Island City and the fourth in the New York City metropolitan area, after properties in Manhattan and Brooklyn.
The hotel is under the ownership of Select Development while it is managed by Real Hospitality Group. It features over 170 loft-style rooms, flexible meeting space and a vibrant rooftop terrace overlooking the panoramic views of the NYC skyline.
Moreover, the hotel provides the industry-first keyless entry system that enables guests to use their smartphone or Apple watch as a room key, in addition to other amenities like a fitness center, live music at the bar along with a lively food & beverage area.
The Aloft brand offers a tech-forward, lively experience to the next generation of tech-savvy travelers and now has over 100 hotels across 19 countries. It is one of the 30 leading brands under Marriott’s operation. After the successful acquisition of Starwood Hotels & Resorts, Marriott became the world’s largest hotel company spanning across 120 countries with over 6,000 properties.
MARRIOTT INTL-A Price
MARRIOTT INTL-A Price | MARRIOTT INTL-A Quote
Recently, Marriott reported its third-quarter 2016 results, wherein the bottom line beat the Zacks Consensus Estimate but the top line lagged the same. In fact, the company has surpassed estimates in each of the trailing four quarters with an average beat of 2.78%.
With the economy regaining ground and an improvement in business as well as leisure travel, Marriott is well poised to grow in the near and long term as well. The company’s significant international exposure and an aggressive buyback strategy add to the positives. Further, its investments in technology for hotel bookings would improve guest experience, which in turn, is likely to boost occupancy.
However, lingering political uncertainty in key international markets and significant currency headwinds are affecting most of the hoteliers including Hyatt Hotels Corporation (H - Free Report) and Hilton Worldwide Holdings (HLT - Free Report) , is likely to restrict revenue growth at Marriott too.
Marriott currently carries a Zacks Rank #3 (Hold).
A better-ranked hotel stock is Red Lion Hotels Corporation whose current year growth estimate is pegged at 48.7% compared to the industry average of 23.4%. Further, it currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>