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MARRIOTT INTERNATIONAL, INC.

(MAR)
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Marriott International : Residence Inn by Marriott Debuts in Playa del Carmen

10/19/2021 | 09:40am EST

Residence Inn by Marriott Playa del Carmen has officially opened its doors, with a prime location on the Federal Highway Cancun, Chetumal, and close proximity to world-renowned beaches and breathtaking views. With a global presence of over 860 hotels in the United States, Canada, Europe, the Middle East and Central America, Residence Inn is the world leader of the longer stay lodging segment, arriving for the first time in Playa del Carmen.

The hotel also marks the arrival of the third Residence Inn in Mexico, debuting at a time when guests are looking for alternative lodging options to a traditional hotel stay for longer stays. Residence Inn Playa del Carmen is the ideal destination for executives and leisure travelers who are in the city for both business and leisure with more room to spread out, for family and even pets.

Located in the Playacar complex, Residence Inn Playa del Carmen offers 149 pet-friendly spacious suites combining comfort and style with fully equipped kitchens complete with a refrigerator, cooktop, microwave, dishwasher, residential-size appliances, dishes and cookware. Guests can settle into their home away from home with separate areas for living and sleeping paired with personalized service and amenities including a complimentary American breakfast for all guests.

'Cancun and Playa del Carmen continue to be top destination choices for national and international travelers visiting Mexico. The region has become an aviation hub attracting top-of-the-line tourism and hospitality investments, a key driver in the growth of the region. Previously, there were no longer-stay hotel options in the area, so our new hotel comes just at the right time,' said Arturo Cruz, Sales Director of Residence Inn by Marriott Playa del Carmen. 'Conveniently located 58 kilometers from the Cancun Airport, our guests have the option of enjoying the beaches, dining in a relaxed setting, and soaking in the comfort of our expansive suites so they can feel right at home.'

The hotel offers additional amenities including complimentary grocery delivery service, The Market open 24 hours for gab-and-go options, a self-service laundry room, mobile app, fitness center, outdoor swimming pool, and complimentary high-speed WiFi.

Residence Inn Playa del Carmen offers 54.27 square meters of event and meeting space filled with natural light and built-in multimedia technology.

For more information about Residence Inn Playa del Carmen visit: www.marriott.com/hotels/travel/cunrp-residence-inn-playa-del-carmen

About Residence Inn by Marriott

Residence Inn by Marriott is the global leader in the longer stays lodging segment with more than 860 properties in 17 countries and territories. Guests have the freedom to travel the way they live with Residence Inn's spacious suites featuring distinct living, working, and sleeping spaces. Travelers can maximize their time and thrive while on the road with fully equipped kitchens in each suite, grocery delivery service, 24/7 grab-and-go markets and complimentary breakfasts. The warm and inviting public spaces feature modern residential design allowing guests to feel right at home, paired with the added amenities of upscale hotel living. Residence Inn is proud to participate in Marriott Bonvoy, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit MarriottBonvoy.com. For more information or reservations, visit residence-inn.marriott.com.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 13 392 M - -
Net income 2021 947 M - -
Net Debt 2021 9 040 M - -
P/E ratio 2021 51,5x
Yield 2021 -
Capitalization 48 846 M 48 846 M -
EV / Sales 2021 4,32x
EV / Sales 2022 3,10x
Nbr of Employees 121 000
Free-Float 83,5%
Chart MARRIOTT INTERNATIONAL, INC.
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Marriott International, Inc. Technical Analysis Chart | MAR | US5719032022 | MarketScreener
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 149,98 $
Average target price 162,00 $
Spread / Average Target 8,01%
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Managers and Directors
Anthony G. Capuano Chief Executive Officer & Director
Stephanie C. Linnartz President
Kathleen Kelly Oberg Chief Financial Officer & Executive Vice President
John Willard Marriott Executive Chairman
James H. Scholefield Chief Information & Digital Officer
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