Marriott International Inc.
), unveiled a property under its Marriott Hotels & Resorts
brand in Bangalore, India, on Feb 4, 2013. Christened as
Bengaluru Marriott Hotel Whitefield, the hotel marks the debut of
Marriott Hotels & Resorts brand in the city.
Situated strategically, in proximity to Bengaluru
International Airport and city centre, Bengaluru Marriott Hotel
Whitefield is located in Whitefield, a major IT as well as
economic hub in India. Thus, the hotel enjoying a prime location,
is ready to serve business as well as leisure travelers.
Bengaluru Marriott Hotel Whitefield featuring as many as 324
guestrooms and 17 suites including one presidential suite, also
has a meeting space covering an area of 10,000 sq. ft. The hotel
also comprises restaurant, café, spa and fitness center
Marriott's expansion plan in Bangalore is mainly driven by the
city's strong business growth, especially in the IT sector and an
increasing hospitality industry.
This hotel launch is in line with the company's strategy to
extend its footprint in India. Marriott Hotels & Resorts
brand currently owns and operates 500 hotels across 54 countries
with five properties in India.
Earlier, in January, the company launched Shanghai Marriott
Hotel Pudong East, a Marriott Hotels & Resorts branded
property in Shanghai, China, in association with Shanghai
Hengchang Industry Co., Ltd. With this addition, the brand is now
operating 14 hotels in China.
Marriott currently carries a Zacks Rank #3 (Hold). The company
is scheduled to report its fourth-quarter and full year 2012
results on February 19, 2013.
Another hotel company
Wyndham Worldwide Corporation
) recently declared its fourth quarter 2012 adjusted earnings of
63 cents per share, ahead of the Zacks Consensus Estimate of 60
cents per share and up 34% year over year. Wyndham currently
carries a Zacks Rank #2 (Buy).
There are various other hoteliers who are also trying to
expand their businesses further including
The Marcus Corporation
Choice Hotels International Inc.
) which carry a Zacks Rank #1 (Strong Buy) and a Zacks Rank #2
CHOICE HTL INTL (CHH): Free Stock Analysis
MARRIOTT INTL-A (MAR): Free Stock Analysis
MARCUS CORP (MCS): Free Stock Analysis Report
WYNDHAM WORLDWD (WYN): Free Stock Analysis
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