Conservative Search Engine

Marriott evaluates investor Jonathan Litt's nomination for board seat

https://www.cnbc.com/2019/03/15/marriott-evaluates-investor-jonathan-litts-nomination-for-board-seat.html
See More From: cnbc.com

Mar 15, 2019 2:47 PM 1+ week ago

Marriott International said on Friday it was evaluating activist investor Jonathan Litt's nomination for a seat on the hotel chain's board.

Litt is the founder of hedge fund Land & Buildings Investment Management, which owned a 0.03 percent stake in Marriott as of Dec. 31.

Land & Buildings in recent weeks has privately urged Marriott to consider culling its 30 brands to better align itself with competitors such as Hilton Worldwide Holdings, the Wall Street Journal had reported earlier on Friday.

Shares of Marriott, which owns the Ritz-Carlton and St. Regis luxury hotel brands, rose as much as 4.36 percent to $124.83 on Friday, and were last up 1.8 percent at $121.79 in morning trade.

Up to Thursday's close, Marriott's shares had risen about 121 percent in the past five years, outperforming an about 82 percent ...

Read More


Search Builder

(Click to add to search box)
board seat Marriott  hotel chain  fund Land  senate panel  data breach  future attacks  board seat Marriott  Senate seat Ireland  ECB board seat  Fed Board Seat  Fed board seat  Herman Cain  board seat  GOP nomination  Elliott Trump  Bloomberg reporter  

**Content contained on this site is provided on an “as is” basis. 4Internet, LLC makes no commitments regarding the content and does not review it, so don't assume that it's been reviewed. What you see here may not be accurate and should not be relied upon. The content does not necessarily represent the views and opinions of 4Internet, LLC. You use this service and everything you see here at your own risk. Content displayed may be subject to copyright. Content is removed on a case by case basis. To request that content be removed, contact us using the following form: Contact Us.