Marriott (MAR) Offering Possible 33.04% Return Over the Next 7 Calendar Days

Marriott's most recent trend suggests a bearish bias. One trading opportunity on Marriott is a Bear Call Spread using a strike $149.00 short call and a strike $155.00 long call offers a potential 33.04% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $149.00 by expiration. The full premium credit of $1.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock rose above the $155.00 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Marriott is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Marriott is bullish.

The RSI indicator is at 65.39 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Marriott

UBS Commercial Mortgage Trust 2017-C2 — Moody's affirms six classes of UBS 2017-C2
Tue, 09 Mar 2021 16:56:07 +0000
The certificates are collateralized by 57 mortgage loans ranging in size from less than 1% to 6.1% of the pool, with the top ten loans (excluding defeasance) constituting 47.3% of the pool. The loan is secured by a cross-collateralized portfolio of 14 garden-style multifamily properties located across western, central, and northern Florida.

Marriott International CFO To Speak At J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum March 12; Remarks To Be Webcast
Mon, 08 Mar 2021 21:15:00 +0000
Leeny Oberg, executive vice president and chief financial officer at Marriott International, Inc. (NASDAQ:MAR), will speak at the 2021 J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum, to be held on Friday, March 12. Ms. Oberg's remarks will be at approximately 10:15 a.m., Eastern Time, and will be webcast live.

Times Square Luxury Hotel Moves Step Closer to Foreclosure Sale
Mon, 08 Mar 2021 18:52:19 +0000
(Bloomberg) — A Times Square hotel and retail property once valued at more than $2 billion is a step closer to foreclosure after a court victory for a group of lenders led by Natixis SA.The court granted the lenders the right to foreclose on the property, which features the 42-story Times Square Edition hotel designed by Marriott International Inc. and hospitality legend Ian Schrager. The judge also scheduled a hearing to decide how to proceed with a sale.It’s the latest setback for owner Maefield Development, which has been facing foreclosure since 2019, after construction delays and trouble filling the project’s retail space led the lenders behind a $650 million loan to file suit.A foreclosure ruling typically allows a lender to immediately proceed with the sale of a property in order to recoup their investment. New York State Supreme Court Justice Joel M. Cohen scheduled a status conference between the parties for March 23 to decide to how to proceed, according to court documents.Representatives for Natixis and Marriott declined to comment. Maefield didn’t immediately respond to request for comment.A foreclosure sale would complete a startling reversal for a property viewed as a marquee development in Times Square. A 2018 appraisal valued the property at $2.4 billion, and a 2019 party to celebrate the rare opening of a luxury hotel in the neighborhood attracted a generation-spanning list of celebrities, from Kendall Jenner to Diana Ross.But Maefield struggled to fill the retail space, and the hotel failed to generate positive cash flow, according to the court ruling, leading lenders to file for foreclosure in December 2019. In the months that followed, the Covid-19 pandemic laid waste to the global hospitality industry, grounding travelers and shuttering hotels.In May, Marriott threatened to strip the Edition brand from the hotel because of cash flow shortfalls, issuing a warning to employees and union officials that the hotel could permanently close in the months to come. Marriott eventually ironed out an agreement with Maefield’s lenders, though the property remains shuttered.The property is hardly alone in its struggles. New York City hotels recorded occupancy rates of 38% in January, down from 72% in 2020, according to lodging data provider STR. Nearly 27% of hotels in the New York metropolitan area financed with commercial mortgage-backed securities are at least 90 days delinquent, according to data compiled by Bloomberg.Still, many lenders have been reluctant to take possession of money-losing hotels, preferring instead to extend loans and hope that borrowers will make good on missed payments in an eventual travel rebound.Hotel owners in the U.S. have been pushed into bankruptcy in recent months amid ongoing disputes and foreclosure attempts by lenders. The owner of the Williamsburg Hotel in Brooklyn sought Chapter 11 last month and has faced foreclosure by its lender since June 2019. A hotel development in Coachella, California, recently sought bankruptcy after its lenders attempted to foreclose, amid allegations of fraud and mismanagement.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Marriott Bonvoy's Portfolio Of Longer Stay Brands Revel In Recovery With More Room For Possibility In New Destinations
Mon, 08 Mar 2021 14:00:00 +0000
Marriott Bonvoy's portfolio of longer stay brands – Element Hotels, Residence Inn by Marriott, and TownePlace Suites by Marriott – announced today a selection of new openings and offerings, providing travelers with more room to relax in new global destinations. Poised for continued resilience in a changing travel environment, longer stay brands provide maximized comfort with spacious layouts coupled with residential amenities – perfect for an extended getaway, from a few nights to a few weeks.

Why Marriott International Stock Climbed in February
Sun, 07 Mar 2021 00:21:00 +0000
Marriott International (NASDAQ: MAR) shareholders were dealt a blow in February when the hotel company announced the unexpected passing of CEO Arne Sorenson. The strength of those results, coupled with growing optimism that the pandemic will soon be over, helped push shares of Marriott up 27.3% for the month, according to data provided by S&P Global Market Intelligence.

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