1. Marriott to Open 1,700 Hotels, Return $11 Billion to Shareholders by 2021 | MarketScreener

    Marriott to Open 1,700 Hotels, Return $11 Billion to Shareholders by 2021 | MarketScreener

    (Reuters) - Marriott International Inc said on Monday it plans to open more than 1,700 hotels and return up to $11 billion to shareholders by 2021 as part of its three-year growth strategy, sending its shares up as much as 3 percent. The owner of Ritz-Carlton and St. Regis luxury hotel brands also forecast its annual profit in a range of $7.65 per share to $8.50 per share by 2021, largely above analysts' average estimate of $7.72 per share, according to Refinitiv data...

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    1. We view the new medium-term outlook positively as it supports the earnings power afforded by the Starwood acquisition.
    2. Anticipated capital returns totaling about 25 percent of the market cap over the next three years should further bolster investors' confidence.
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