Marriott International (MAR) Is Climbing On Growth Plans

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( - Marriott International ( MAR ) revealed its three-year growth plan Tuesday morning. The company plans on opening approximately one hotel every 14 hours around the world. Marriott plans to accelerate its growth, adding 285,000 to 300,000 rooms worldwide by 2019, which could yield a record $675 million in annual stabilized fees.

Marriott gapped open higher Tuesday and spiked to the upside in early trade. The stock is now up 2.08 at $90.76 and is now challenging the highs of the year, trading at over a 1-month high.

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Referenced Symbols: MAR

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