There is tremendous value in slowing down and dedicating the time to take stock of where you’ve been and where you’re going; providing clarity for you and everyone who relies on your direction. Only after that can you put together a set of goals that will keep you and your team focused and prepared as soon as the “new normal” starts.
Marriott raises $920 million in through amendments to co-Brand credit card agreements
Marriott announced it has signed amendments to its existing co-brand credit card agreements with JPMorgan Chase & Co. (“Chase”) and American Express. These amendments will provide the company with $920 million of cash, further enhancing its liquidity, with $570 million coming from Chase and $350 million coming from American Express.
Marriott launches Global Cleanliness Council
Company to roll out enhanced technology to help counter virus spread; new multi-pronged platform details increased safety measures for guests and associates.
SWOT Framework analsyis on the impact of COVID-19 for major lodging companies
New MarketAndResearch.com report provides insight into what constitutes strengths, weaknesses, opportunities, and threats for players in the lodging industry. It also provides examples of relevant companies for each SWOT element.
Marriott update on COVID-19
Marriott announces a $1.5 Billion 364-day revolving credit facility commitment and leverage covenant waiver and provides business update amidst the rapidly evolving COVID-19 situation.
An update from Marriott CEO
“What we’re facing is daunting, but I am heartened by the moments of triumph in everyday acts of courage, humanity, and love. Although these are trying times for us all, I remain optimistic that our world will thrive once again.”
Marriott’s updated statement on COVID-19
We are closely monitoring the Centers for Disease Control and Prevention and World Health Organization’s statements regarding the novel coronavirus (COVID-19) cases and following guidelines from these agencies and the local health departments.
Marriott notifies guests of property system incident
Marriott International announced that it is notifying some of its guests today of an incident involving a property system. The notice explains what occurred, the information involved, the measures taken by Marriott to investigate and address the issue, how Marriott is assisting guests and steps guests can consider taking.
Waramaug acquires Castle Hotel Autograph Collection
Waramaug Hospitality announced that it acquired the Castle Hotel, Autograph Collection, located in Orlando, Florida.
A message from Marriott CEO
An update from Arne Sorenson, President and CEO, Marriott International on what Marriott is doing in facing the Coronavirus and keeping their guests safe.
