In collaboration with Sekisui House Ltd., one of Japan's
leading property developers, The Ritz-Carlton, a wholly-owned
Marriott International Inc.
) has unveiled a luxury hotel, The Ritz-Carlton, Kyoto, Japan.
This marks the fourth opening under this brand in Japan.
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Strategically positioned in the heart of the city, this riverside
resort is located on the banks of Kamogawa River and is located
close to retail and entertainment destinations. With a clear view
of the river and the Higashiyama Mountains, this hotel is an
ideal leisure location and is located in the city of Zen temples,
palaces and gardens. The hotel features a signature spa, a
Japanese restaurant, an Italian restaurant and additional space
for meetings, weddings and other special events.
Kyoto offers international travelers the quintessential Japanese
experience. We believe the hotel's strategic location will enable
it to host both leisure and business travelers.
Marriott is focused on expanding its footprint in international
markets especially in Asia, the Middle East, Europe and Latin
America, which boast solid growth potential. The demand for
hotels in the international market is greater than in the U.S.
and the pace of recovery is particularly fast in the underserved
In order to withstand competition, other hoteliers like
Starwood Hotels & Resorts Worldwide Inc.
) also came up with back-to-back openings worldwide.
Marriott International presently has a Zacks Rank #3 (Hold). Some
better-ranked stocks in the hotel industry include
Choice Hotels International Inc.
Wyndham Worldwide Corp.
). Both these stocks hold a Zacks Rank #2 (Buy).