Marriott to Open Londoner Grand in Macao With Sands China

Core Viewpoint - Marriott International, Inc. is launching its Luxury Collection brand in Macao through a partnership with Las Vegas Sands Corp.'s subsidiary, Sands China Ltd, with the Londoner Grand hotel set to open in January 2025 [1] Group 1: Hotel Details - The Londoner Grand hotel will feature 2,405 rooms and suites, combining luxury with local Macao charm, showcasing Georgian architecture and Mayfair-inspired decor [2] - The hotel is strategically located near Macao's entertainment, shopping, and dining districts, as well as cultural sites like Senado Square and Ruins of St. Paul's, enhancing its appeal [2] - Dining options at the hotel will include Hampton Court, Chelsea Garden, and The Conservatory, providing guests with a unique culinary experience [3] Group 2: Global Expansion - Marriott operates nearly 8,785 properties across 139 countries and territories, focusing on expanding its global presence to meet international hotel demand [4] - In Q2 2024, Marriott added approximately 15,500 net rooms, with strong signing activity particularly in the Asia Pacific excluding China region and Greater China, resulting in a pipeline of over 559,000 rooms [4] - The company aims to strengthen its presence outside the U.S., especially in Asia, Latin America, the Middle East, and Africa, with a consistent growth in its European pipeline [4] Group 3: Stock Performance - Over the past three months, Marriott's shares have increased by 2.4%, while the Zacks Hotels and Motels industry has grown by 4.6% [6] - In the past month, Marriott's shares rose by 10.1%, outperforming the industry's 8.2% growth [6] - Despite weaker demand in China, ongoing global expansion and investment opportunities are expected to support Marriott's growth [7] Group 4: Company Overview - Las Vegas Sands Corp. is a leading developer of integrated resorts, primarily in the U.S. and Asia, with its Macao properties operated by Sands China Ltd [8] - The company has a trailing four-quarter earnings surprise of 2.1% on average, with a Zacks Consensus Estimate indicating 9.8% growth in sales and 29.6% growth in EPS for 2024 [8]