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Marriot Opens SpringHill Suites & Residence Inn Hotel

Marriott International, Inc.MAR recently announced the opening of dual hotels - SpringHill Suites and Residence Inn San Diego Downtown Bayfront at BRIC, San Diego’s newest lifestyle destination.

SpringHill Suites is the 3000th Select Service property under the Marriott Global Portfolio. Managed by Marriott (MxM), which is Marriott International's integrated hotel management solution, will oversee the operations of this hotel.

The hotel is designed by John Portman & Associates and is located in North Embarcadero. While  SpringHill consists of 253 suites, Residence Inn accomodates 147 suites. The strategic location  of the property is expected to pull in more guests as it is close to U.S.S. Midway, San Diego Zoo, Gaslamp District; Seaport Village; the Convention Center and is also easily accessible from the San Diego International Airport.

The resort comprises an outdoor swimming pool on the fifth floor, bayfront patio area, 11,000 square feet of meeting space, which can accommodate 225 people and also provides city skyline views.

MxM is focused on maximizing the financial performance of this Marriott-branded property. It manages more than 1,000 hotels worldwide and brings to the table nearly 60 years of experience in hotel management.

Marriott International is a leading worldwide hospitality company, focusing on lodging management and franchising, after the spin-off of its timeshare business into a publicly traded company in Nov 2011. At the end of 2015, the company managed or franchised more than 4,400 properties in 87 countries.

Marriott International currently has a Zacks Rank #3 (Hold).

Stocks to Consider

Some better-ranked stocks from the same sector are Red Lion Hotels Corporation RLH and Marriott Vacations Worldwide Corp. VAC both having a Zacks Rank #2 (Buy). Las Vegas Sands Corp. LVS is another stock worth considering from the broader sector with a Zacks Rank #2.

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LAS VEGAS SANDS (LVS): Free Stock Analysis Report
 
MARRIOTT INTL-A (MAR): Free Stock Analysis Report
 
RED LION HOTELS (RLH): Free Stock Analysis Report
 
MARRIOT VAC WW (VAC): Free Stock Analysis Report
 
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