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8.36120401337032E-05 -0.000836120401337864 -0.00071070234113719 0.00127508361204004 -0.00767140468227428 -0.00767140468227428 -0.0142558528428095 -0.0134197324414716
Stock impact report

Marriott International to acquire CitizenM for $355M [Yahoo! Finance]

Marriott International - Class A (MAR) 
Last marriott international - class a earnings: 2/26 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investor.shareholder.com/mar
Company Research Source: Yahoo! Finance
Editor's note: This story is developing and will be updated. Marriott International will acquire the Netherlands-based CitizenM hotel brand for $355 million , the company announced Monday. The acquisition is intended to accelerate Marriott's global expansion in the select-service and lifestyle lodging segments, according to the company. Once approved by regulators, the move will add 36 select-service lifestyle hotels in the U.S., Europe and Asia Pacific to Marriott's portfolio, as well as three under-construction hotels when they open in 2026. In a statement, Marriott CEO Anthony Capuano called CitizenM “ a unique, differentiated offering to our select-service brand portfolio as we continue to strengthen Marriott's foothold in this valuable market segment around the world,” adding that Marriott has a “proven track record” for “significantly” growing acquired brands. Marriott will acquire the CitizenM brand and related intellectual property. After the acquisition closes, the C Show less Read more
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