Marriott Accounts for Almost Half of all Upscale Hotel Sales Reports Lodging Econometrics
PORTSMOUTH, NH. November 26, 2015 - Through Q3 2015, the research and analysis department at Lodging Econometrics has tracked the sale of 227 Upscale hotel sales with a reported selling price in the United States and found that Marriott branded properties accounts for 49% of them. Under the Marriott umbrella there were 51 Residence Inns sold, 44 Courtyards and 17 Springhill Suites. Residence Inns had the highest Average Selling Price Per Room (ASPR) of Marriott's Upscale brands at $148,738, compared to an overall Upscale ASPR of $137,583.
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Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
