Latest news with #StudioRes
Yahoo
2 days ago
- Business
- Yahoo
Marriott Expands Portfolio With Debut Launch of StudioRes Fort Myers
Marriott International, Inc. MAR has marked the debut of its midscale extended stay segment with the exemplary opening of the very first StudioRes hotel, StudioRes Fort Myers, in this debut, Marriott opens the gateway for the launch of more than 40 StudioRes properties across the US and Canada, which are anticipated to open by the end of stock inched down 1% during yesterday's trading hours but inched up 0.2% in the after-hours. Penned two years ago, StudioRes is a thoughtfully curated stay concept, catering to a diversified bunch of travelers, including those on long-term work trips, construction projects, relocations and nightly rates ranging about $100 per night, this all-studios 124-key property offers a smart extended stay experience to its travelers. The amenities include studio-style rooms favorable for a single or double bed, a lounging area and a kitchen with a full-sized refrigerator. Furthermore, communal spaces, outdoor patios and fitness centers add to the essence of the near the Southwest Florida International Airport, StudioRes Fort Myers offers travelers eye-catching touristy areas, including Sanibel and Captiva Island, nature and wildlife at Manatee Park, Lakes Park and The Caloosahatchee River, alongside other tourist StudioRes properties will eventually be included in Marriott's top-tier travel program, Marriott Bonvoy, ensuring members get the opportunity to earn and redeem points for their stay across the properties. Marriott is a leading company in the luxury and lifestyle space, which includes more than 30 brands that own nearly 9,500 properties in 144 countries and territories as of March 2025. The company's extensive portfolio and strong brand position allow it to charge a premium room rate in the highly competitive lodging industry. With brand portfolios grouped into luxury, premium, select, midscale and residencies, Marriott can cater to the diversified needs of its customers globally. Some renowned brand names include JW Marriott, The Ritz-Carlton, Marriott Hotels, Sheraton, Delta Hotels, Residence Inn, Fairfield by Marriott, SpringHill Suites and many efforts to strengthen its presence outside the United States, especially in Asia, Latin America, the Middle East and Africa, are encouraging. Notably, European pipelines have grown consistently in the recent past and are expected to continue going forward. At the end of the first quarter of 2025, Marriott's development pipeline totaled 3,808 hotels with approximately 587,000 rooms. More than 244,000 rooms were under construction. Image Source: Zacks Investment Research Shares of this worldwide hospitality company focused on lodging management and franchising have gained 5.6% in the past month, outperforming the Zacks Hotels and Motels industry's 3.7% growth. Its focus on the expansion of its diversified portfolio globally is expected to foster growth in the upcoming period against the favorable travel demand backdrop. Marriott currently carries a Zacks Rank #3 (Hold).Here are some better-ranked stocks from the Consumer Discretionary Corporation FOX currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 stocks company has a trailing four-quarter earnings surprise of 26.8%, on average. The stock has gained 10.6% in the year-to-date period. The Zacks Consensus Estimate for Fox Corp.'s fiscal 2025 sales and earnings per share (EPS) implies growth of 15.3% and 32.4%, respectively, from the year-ago Pacific, Inc. JAKK currently sports a Zacks Rank of 1. The company has a trailing four-quarter negative earnings surprise of 283.4%, on average. The stock has tumbled 30.4% year to Zacks Consensus Estimate for JAKKS Pacific's 2025 sales and EPS indicates growth of 2.1% and 9.5%, respectively, from the year-ago Inc. LRN currently sports a Zacks Rank of 1. The company has a trailing four-quarter earnings surprise of 94.7%, on average. The stock has hiked 52.4% in the year-to-date Zacks Consensus Estimate for Stride's fiscal 2025 sales and EPS indicates an increase of 16.7% and 51.2%, respectively, from the year-ago levels. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marriott International, Inc. (MAR) : Free Stock Analysis Report JAKKS Pacific, Inc. (JAKK) : Free Stock Analysis Report Stride, Inc. (LRN) : Free Stock Analysis Report Fox Corporation (FOX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hospitality Net
3 days ago
- Business
- Hospitality Net
Marriott Opens First-Ever StudioRes Branded Hotel in Fort Myers, Florida
Today, Marriott International, Inc. (Nasdaq: MAR), announced the landmark opening of StudioRes Fort Myers, the first-ever StudioRes hotel and the company's debut in the midscale extended stay segment. The all-studios hotel is now accepting reservations for stays, almost two years to the day since Marriott unveiled the concept. A newly created brand within the Marriott Bonvoy portfolio, StudioRes was thoughtfully designed to cater to a wide variety of travelers, including those on long-term work trips and assignments, construction projects, relocations, and more. StudioRes marks Marriott's strategic entry into the dynamic midscale extended stay market, and Marriott anticipates strong growth for StudioRes in the coming years, with over 40 properties across the U.S. and Canada anticipated to open by the end of 2027. With a pioneering, fast-to-market construction prototype, StudioRes offers owners and developers a compelling turnkey opportunity with a bundled fee model, and is expected to become Marriott's most affordable cost-per-key product to develop and build. "Since unveiling StudioRes only two years ago, we have been thrilled by the reception among owners and franchisees, and we are proud to celebrate this milestone with Concord Hospitality and Whitman Peterson," said Marriott International Chief Financial Officer and EVP, Development Leeny Oberg. "We designed StudioRes to provide terrific value for customers with an innovative room design and highly efficient operating model for long-term stays. The fast adoption of the brand also demonstrates the power of the Marriott Bonvoy ecosystem and the importance of our strong developer relationships, while underscoring our continued commitment to providing lodging options for every traveler, price point and trip purpose." Consistent with the brand's approach to long-term stays with modern comfort, StudioRes Fort Myers offers a smart extended stay experience for independent travelers seeking comfort, routine, and flexibility. This 124-key property offers studio-style rooms complete with one or two beds, a lounging area, and a kitchen with a stovetop, microwave, and full-sized refrigerator. Guests can also enjoy communal spaces, outdoor patios, and fitness centers. Convenient food and beverage vending, fast Wi-Fi, streaming access, and casual workspaces also allow guests to stay connected throughout their stay. A short drive to the Southwest Florida International Airport and the area's top attractions, StudioRes Fort Myers invites hotel guests to enjoy Fort Myers and the historic surrounding areas, including Sanibel and Captiva Island, nature and wildlife at Manatee Park, Lakes Park and The Caloosahatchee River, as well as nearby dining, shopping and family activities. Available for booking, nightly rates at StudioRes Fort Myers are expected to be around $100 per night. Marriott celebrates this opening with developer Concord Hospitality and their long-time partner Whitman Peterson. Concord currently operates nearly 80 properties within the Marriott Bonvoy portfolio and expects to develop 40+ StudioRes properties, spanning several dozen submarkets in major U.S. cities. "Concord Hospitality's longstanding relationship with Marriott has been defined by strategic alignment, mutual trust and a shared commitment to quality," said Mark Laport, CEO & President of Concord Hospitality. "Our role in supporting the shaping of Marriott's next-generation hotel prototypes speaks to the strength of that relationship. The grand opening of the first-ever StudioRes property is a significant milestone—not only for Marriott, but for Concord as we continue to lead in developing high-performing, scalable hospitality assets that meet the evolving needs of today's extended-stay traveler and deliver long-term value for our investment partners." "We are proud to have collaborated with Marriott in the development of its newest brand and in bringing the very first StudioRes to life," said Paul Novak, Partner at Whitman Peterson. "The opening of StudioRes Fort Myers marks my fourth inaugural Marriott brand opening—following Courtyard by Marriott, Fairfield Inn by Marriott, and the first U.S. Aloft Hotel—and it's a privilege to continue that legacy. Whitman Peterson is very confident in StudioRes' high-growth potential, with several others in our pipeline." Hotel website
New York Post
3 days ago
- Business
- New York Post
Marriott targets budget travelers with new mid-scale extended-stay option
Marriott International CEO Anthony Capuano shared some insight on budget travelers during a Monday appearance on 'The Claman Countdown.' He told host Liz Claman that Marriott International's lower-income consumers 'continue to prioritize travel, but they want to do it at a more thrifty price point,' citing spending data the company has through its credit card relationships. That has driven Marriott International to 'push so strongly over the last two years into the mid-scale segment, which is a segment that historically we did not operate in,' according to Capuano. He said it started with the company's acquisition of City Express. The company acquired the City Express brand portfolio from Hoteles City Express, S.A.B. de C.V. in 2022 for $100 million. 'We also organically developed an extended-stay mid-scale product called StudioRes,' he noted to Claman. Marriott's first StudioRes opened on Monday in Fort Myers, Florida. The extended-stay hotel 'offers studio-style rooms complete with one or two beds, a lounging area, and a kitchen with a stovetop microwave, and full-sized refrigerator,' according to a press release. Asked about what makes it different from Marriott's other brands, Capuano told Claman it 'starts with the price point.' Marriott International CEO Anthony Capuano revealed that the hotel brand has been pushing strongly into the 'mid-scale segment' of the industry for budget travelers. Helayne Seidman 'It starts with much more modest services,' he added. 'These are folks that could be on a temporary assignment, maybe a construction project or a consulting assignment. They could be digital nomads.' He said 'that product at that price point is really resonating with more cost-conscious consumers.' Capuano also touted the 'breadth' of Marriott's portfolio, saying the company can 'offer the right accommodation for every trip purpose, which often varies irrespective of income.' Marriott's brands include the Ritz-Carlton, St. Regis, Sheraton, Courtyard, Westin, Moxy and others. The company generated $6.26 billion in revenue during the first quarter. Its net income, meanwhile, came in at $665 million.
Hospitality Net
3 days ago
- Business
- Hospitality Net
Marriott International, Concord Hospitality and Whitman Peterson Officially Open Doors of First-Ever StudioRes Hotel in Fort Myers, Florida
Today, Marriott International, Inc. (Nasdaq: MAR), announced the landmark opening of StudioRes Fort Myers, the first-ever StudioRes hotel and the company's debut in the midscale extended stay segment. The all-studios hotel is now accepting reservations for stays, almost two years to the day since Marriott unveiled the concept. A newly created brand within the Marriott Bonvoy portfolio, StudioRes was thoughtfully designed to cater to a wide variety of travelers, including those on long-term work trips and assignments, construction projects, relocations, and more. StudioRes marks Marriott's strategic entry into the dynamic midscale extended stay market, and Marriott anticipates strong growth for StudioRes in the coming years, with over 40 properties across the U.S. and Canada anticipated to open by the end of 2027. With a pioneering, fast-to-market construction prototype, StudioRes offers owners and developers a compelling turnkey opportunity with a bundled fee model, and is expected to become Marriott's most affordable cost-per-key product to develop and build. Since unveiling StudioRes only two years ago, we have been thrilled by the reception among owners and franchisees, and we are proud to celebrate this milestone with Concord Hospitality and Whitman Peterson, said Marriott International Chief Financial Officer and EVP, Development Leeny Oberg. We designed StudioRes to provide terrific value for customers with an innovative room design and highly efficient operating model for long-term stays. The fast adoption of the brand also demonstrates the power of the Marriott Bonvoy ecosystem and the importance of our strong developer relationships, while underscoring our continued commitment to providing lodging options for every traveler, price point and trip purpose. Consistent with the brand's approach to long-term stays with modern comfort, StudioRes Fort Myers offers a smart extended stay experience for independent travelers seeking comfort, routine, and flexibility. This 124-key property offers studio-style rooms complete with one or two beds, a lounging area, and a kitchen with a stovetop, microwave, and full-sized refrigerator. Guests can also enjoy communal spaces, outdoor patios, and fitness centers. Convenient food and beverage vending, fast Wi-Fi, streaming access, and casual workspaces also allow guests to stay connected throughout their stay. A short drive to the Southwest Florida International Airport and the area's top attractions, StudioRes Fort Myers invites hotel guests to enjoy Fort Myers and the historic surrounding areas, including Sanibel and Captiva Island, nature and wildlife at Manatee Park, Lakes Park and The Caloosahatchee River, as well as nearby dining, shopping and family activities. Available for booking, nightly rates at StudioRes Fort Myers are expected to be around $100 per night. Marriott celebrates this opening with developer Concord Hospitality and their long-time partner Whitman Peterson. Concord currently operates nearly 80 properties within the Marriott Bonvoy portfolio and expects to develop 40+ StudioRes properties, spanning several dozen submarkets in major U.S. cities. Concord Hospitality's longstanding relationship with Marriott has been defined by strategic alignment, mutual trust and a shared commitment to quality, said Mark Laport, CEO & President of Concord Hospitality. Our role in supporting the shaping of Marriott's next-generation hotel prototypes speaks to the strength of that relationship. The grand opening of the first-ever StudioRes property is a significant milestone—not only for Marriott, but for Concord as we continue to lead in developing high-performing, scalable hospitality assets that meet the evolving needs of today's extended-stay traveler and deliver long-term value for our investment partners. We are proud to have collaborated with Marriott in the development of its newest brand and in bringing the very first StudioRes to life, said Paul Novak, Partner at Whitman Peterson. The opening of StudioRes Fort Myers marks my fourth inaugural Marriott brand opening—following Courtyard by Marriott, Fairfield Inn by Marriott, and the first U.S. Aloft Hotel—and it's a privilege to continue that legacy. Whitman Peterson is very confident in StudioRes' high-growth potential, with several others in our pipeline. StudioRes properties will participate in Marriott Bonvoy®, Marriott International's award-winning travel program - allowing members to earn and redeem points for their stay across Marriott Bonvoy's extraordinary portfolio of brands. Note on forward-looking statements This press release contains 'forward-looking statements' within the meaning of United States federal securities laws, including statements related to expected future hotel openings and portfolio growth; brand debuts in certain markets; expectations regarding the StudioRes brand operating model and development costs; expected daily rates; development plans and opportunities; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we identify in our U.S. Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these forward-looking statements as of the date of this press release and undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. About StudioRes StudioRes is Marriott's newest affordable midscale extended stay brand, meticulously designed to provide reasonably priced, modern comfort for guests in the U.S. and Canada. Opening in 2025, StudioRes is specifically tailored for travelers in search of affordable, flexible accommodations for extended stays, including those of 20 nights or more. Primarily a new build offering, StudioRes offers consistent environments that enable guests to accomplish their goals while away from home for extended periods of time. StudioRes 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 To learn more about StudioRes, visit us online. About Marriott International Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 9,500 properties across more than 30 leading brands in 144 countries and territories. Marriott operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at and for the latest company news, visit In addition, connect with us on Facebook and @MarriottIntl on X and Instagram. Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at or Marriott's news center website at which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only. About Concord Hospitality Concord Hospitality is an award-winning hotel development and management company that has grown over the past three decades to become the preferred partner of leading hotel brands such as Marriott, Hilton, and Hyatt. Concord Hospitality boasts a stellar reputation known for combining the experience of a big company with the high-touch service of an independent operation to every partner property. The company specializes in developing and managing full-service and select-service hotels across North America. As part of the company's continued growth, it recently launched Opus Collection by Concord, a lifestyle hotel management division for full-service properties. With the brightest talent, the most innovative processes, and a commitment to giving back to the communities where associates live and work, Concord Hospitality is committed to being a great place to work for all. Learn more at About Whitman Peterson Whitman Peterson is a real estate private equity company investing in and actively managing opportunistic real estate investments of large institutional investors. Since late 2010, Whitman Peterson has raised five institutional funds and has invested in the acquisition or development of more than 300 properties, in transactions with an aggregate capitalization of more than $35 billion. The firm has investments across 30+ markets in the US and has investments in London. Whitman Peterson and Concord Hospitality have a long-standing, strategic partnership, involving the development and acquisitions of high-quality hotels across the country, as well as a broad-based, national development strategy in the economy extended stay (short-stay rental) segment. For more information, please visit
Yahoo
4 days ago
- Business
- Yahoo
Marriott International, Concord Hospitality and Whitman Peterson Officially Open Doors of First-Ever StudioRes Hotel in Fort Myers, Florida
Two years after Marriott International revealed the concept, this milestone marks the midscale extended stay brand's official debut, with over 40 more anticipated to open by the end of 2027. BETHESDA, Md., June 2, 2025 /PRNewswire/ -- Today, Marriott International, Inc. (Nasdaq: MAR), announced the landmark opening of StudioRes Fort Myers, the first-ever StudioRes hotel and the company's debut in the midscale extended stay segment. The all-studios hotel is now accepting reservations for stays, almost two years to the day since Marriott unveiled the concept. A newly created brand within the Marriott Bonvoy portfolio, StudioRes was thoughtfully designed to cater to a wide variety of travelers, including those on long-term work trips and assignments, construction projects, relocations, and more. StudioRes marks Marriott's strategic entry into the dynamic midscale extended stay market, and Marriott anticipates strong growth for StudioRes in the coming years, with over 40 properties across the U.S. and Canada anticipated to open by the end of 2027. With a pioneering, fast-to-market construction prototype, StudioRes offers owners and developers a compelling turnkey opportunity with a bundled fee model and is expected to become Marriott's most affordable cost-per-key product to develop and build. "Since unveiling StudioRes only two years ago, we have been thrilled by the reception among owners and franchisees, and we are proud to celebrate this milestone with Concord Hospitality and Whitman Peterson," said Marriott International Chief Financial Officer and EVP, Development Leeny Oberg. "We designed StudioRes to provide terrific value for customers with an innovative room design and highly efficient operating model for long-term stays. The fast adoption of the brand also demonstrates the power of the Marriott Bonvoy ecosystem and the importance of our strong developer relationships, while underscoring our continued commitment to providing lodging options for every traveler, price point and trip purpose." Consistent with the brand's approach to long-term stays with modern comfort, StudioRes Fort Myers offers a smart extended stay experience for independent travelers seeking comfort, routine, and flexibility. This 124-key property offers studio-style rooms complete with one or two beds, a lounging area, and a kitchen with a stovetop, microwave, and full-sized refrigerator. Guests can also enjoy communal spaces, outdoor patios, and fitness centers. Convenient food and beverage vending, fast Wi-Fi, streaming access, and casual workspaces also allow guests to stay connected throughout their stay. A short drive to the Southwest Florida International Airport and the area's top attractions, StudioRes Fort Myers invites hotel guests to enjoy Fort Myers and the historic surrounding areas, including Sanibel and Captiva Island, nature and wildlife at Manatee Park, Lakes Park and The Caloosahatchee River, as well as nearby dining, shopping and family activities. Available for booking, nightly rates at StudioRes Fort Myers are expected to be around $100 per night. Marriott celebrates this opening with developer Concord Hospitality and their long-time partner Whitman Peterson. Concord currently operates nearly 80 properties within the Marriott Bonvoy portfolio and expects to develop 40+ StudioRes properties, spanning several dozen submarkets in major U.S. cities. "Concord Hospitality's longstanding relationship with Marriott has been defined by strategic alignment, mutual trust and a shared commitment to quality," said Mark Laport, CEO & President of Concord Hospitality. "Our role in supporting the shaping of Marriott's next-generation hotel prototypes speaks to the strength of that relationship. The grand opening of the first-ever StudioRes property is a significant milestone—not only for Marriott, but for Concord as we continue to lead in developing high-performing, scalable hospitality assets that meet the evolving needs of today's extended-stay traveler and deliver long-term value for our investment partners." "We are proud to have collaborated with Marriott in the development of its newest brand and in bringing the very first StudioRes to life," said Paul Novak, Partner at Whitman Peterson. "The opening of StudioRes Fort Myers marks my fourth inaugural Marriott brand opening—following Courtyard by Marriott, Fairfield Inn by Marriott, and the first U.S. Aloft Hotel—and it's a privilege to continue that legacy. Whitman Peterson is very confident in StudioRes' high-growth potential, with several others in our pipeline." StudioRes properties will participate in Marriott Bonvoy®, Marriott International's award-winning travel program - allowing members to earn and redeem points for their stay across Marriott Bonvoy's extraordinary portfolio of brands. NOTE ON FORWARD-LOOKING STATEMENTSThis press release contains "forward-looking statements" within the meaning of United States federal securities laws, including statements related to expected future hotel openings and portfolio growth; brand debuts in certain markets; expectations regarding the StudioRes brand operating model and development costs; expected daily rates; development plans and opportunities; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we identify in our U.S. Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these forward-looking statements as of the date of this press release and undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. ABOUT STUDIORESStudioRes is Marriott's newest affordable midscale extended stay brand, meticulously designed to provide reasonably priced, modern comfort for guests in the U.S. and Canada. Opening in 2025, StudioRes is specifically tailored for travelers in search of affordable, flexible accommodations for extended stays, including those of 20 nights or more. Primarily a new build offering, StudioRes offers consistent environments that enable guests to accomplish their goals while away from home for extended periods of time. StudioRes 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 To learn more about StudioRes, visit us online. ABOUT MARRIOTT INTERNATIONAL Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 9,500 properties across more than 30 leading brands in 144 countries and territories. Marriott operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at and for the latest company news, visit In addition, connect with us on Facebook and @MarriottIntl on X and Instagram. Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at or Marriott's news center website at which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only. ABOUT CONCORD HOSPITALITY Concord Hospitality is an award-winning hotel development and management company that has grown over the past three decades to become the preferred partner of leading hotel brands such as Marriott, Hilton, and Hyatt. Concord Hospitality boasts a stellar reputation known for combining the experience of a big company with the high-touch service of an independent operation to every partner property. The company specializes in developing and managing full-service and select-service hotels across North America. As part of the company's continued growth, it recently launched Opus Collection by Concord, a lifestyle hotel management division for full-service properties. With the brightest talent, the most innovative processes, and a commitment to giving back to the communities where associates live and work, Concord Hospitality is committed to being a great place to work for all. Learn more at ABOUT WHITMAN PETERSON Whitman Peterson is a real estate private equity company investing in and actively managing opportunistic real estate investments of large institutional investors. Since late 2010, Whitman Peterson has raised five institutional funds and has invested in the acquisition or development of more than 300 properties, in transactions with an aggregate capitalization of more than $35 billion. The firm has investments across 30+ markets in the US and has investments in London. Whitman Peterson and Concord Hospitality have a long-standing, strategic partnership, involving the development and acquisitions of high-quality hotels across the country, as well as a broad-based, national development strategy in the economy extended stay (short-stay rental) segment. For more information, please visit View original content to download multimedia: SOURCE Marriott International, Inc. 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