Marriott International, Inc.
) is consistently trying to expand its global presence. Since
2009, the company's hotel system size has increased 12%.Marriott
has a substantial development pipeline and is poised to benefit
from the increase in demand for hotels, going forward.
At the end of third-quarter 2013, Marriott International
managed or franchised 3,883 lodging properties worldwide, with
670,507 rooms. Additionally, 144,000 rooms were in the
Courtyard by Marriott, one of the world class luxury brands of
Marriott, recently announced the opening of a property -
Courtyard Philadelphia South at The Navy Yard - in Philadelphia,
PA. The opening not only enhances the extensive luxury hotels
portfolio but also marks Marriott's entry into Philadelphia.
Strategically positioned in Philadelphia Navy Yard at 1001
Intrepid Avenue, the 172-rooms hotel is a 5-storey luxurious
property. Courtyard Philadelphia South is in proximity to
Philadelphia Sports Complex, Philadelphia International Airport,
Philadelphia Art Museum, Philadelphia Zoo and City Hall. The
hotel features world-class amenities like spa, fitness center,
restaurants and pool bar, especially for business travelers. We
believe the hotel's strategic location will boost both leisure
and business travel in the area.
Courtyard by Marriott consists of distinctive properties and
resort locations across the world. Currently, the hotelier
operates 977 hotels under the brand, which mainly caters to
business travelers, in more than 20 countries.
Marriott carries a Zacks Rank #3 (Hold). Some better-ranked
stocks in the hotels sector include
Hyatt Hotels Corp.
Starwood Hotels & Resorts Worldwide Inc.
Wyndham Worldwide Corp.
). All these companies carry a Zacks Rank #2 (Buy).
HYATT HOTELS CP (H): Free Stock Analysis
STARWOOD HOTELS (HOT): Free Stock Analysis
MARRIOTT INTL-A (MAR): Free Stock Analysis
WYNDHAM WORLDWD (WYN): Free Stock Analysis
To read this article on Zacks.com click here.