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4-Traders Homepage  >  Equities  >  Nasdaq  >  Marriott International Inc    MAR

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Independent Escape: Tribute Portfolio Debuts In Destination Hotspot Bali With Opening Of Sthala, A Tribute Portfolio Hotel, Ubud Bali

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12/08/2016 | 07:43pm CET

By a News Reporter-Staff News Editor at Leisure & Travel Week -- Tribute Portfolio™, a collection of aspirational independent hotels and resorts from Marriott International, Inc. (NASDAQ:MAR), announced its debut in Bali with the opening of Sthala, A Tribute Portfolio Hotel, Ubud Bali. Owned by PT. Anugrah Anadya Nirmana, Sthala marks the brand's first new build property to open, only one and a half years following launch. Situated in the heart of Bali's sought-after Ubud district, with service and design that nod to traditional Balinese touches, Sthala is a direct answer to loyalty guest members' desires for more access to hotel choices in Indonesia's most popular island destination.

"Tribute Portfolio is a brand built by and for our loyalty members," said Brian Povinelli, Global Brand Leader for Tribute Portfolio Hotels & Resorts. "At the time of the brand's inception, members expressed the desire for more access to independent hotels in locations like Bali, especially in indie neighborhoods such as Ubud. We are thrilled to deliver on that ask and provide our guests with an independent hotel as distinct as Sthala."

Tribute Portfolio Arrives in Bali

Perched on a hilltop among the tropical landscape in Lodtunduh, Ubud, Sthala offers stunning ridge views of the steep Wos River valley. Featuring 143 rooms and suites, this new upscale hotel encompasses a design narrative that focuses on traditional Balinese elements, while blending seamlessly with the natural surroundings of the picturesque location.

Sthala provides a range of distinctive dining venues for guests to explore and enjoy. The Naga Rooftop Bar & Lounge features an airy atmosphere with ample natural light, as well as majestic valley and river views. Sungai Restaurant is an all-day dining experience that offers Asian cuisine with Balinese touches, as well as a range of Western dishes. Alternatively, guests can enjoy the Panorama Pool and Sundeck Lounge, which serves cool cocktails and light bites set against the unforgettable backdrop of the Wos River and forest.

Guests can enjoy a myriad of facilities ranging from a fitness centre and spa, to a wide selection of guest activities, such as yoga on the dedicated yoga deck. Additionally, Ubud offers a truly diverse experience, from wellness and nature to art and culture, all within easy access of the hotel. Sthala, A Tribute Portfolio Hotel, Ubud Bali also features nearly 400 square meters of function space, ideal for intimate weddings and professional meetings in a truly remarkable lush setting.

"I am thrilled to bring the Tribute Portfolio brand to Bali with the opening of Sthala," said Mr. James Costa, General Manager, Sthala, A Tribute Portfolio Hotel, Ubud Bali. "We look forward to welcoming guests with our signature authentic Balinese hospitality only found here on the 'Island of Gods,' allowing them to seek independent experiences while at the same time enjoying the benefits of Marriott International's loyalty programs."

Keywords for this news article include: Leisure, Business News.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2016, NewsRx LLC

(c) 2016 NewsRx LLC, source Leisure, Travel & Entertainment Newsletters

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Financials ($)
Sales 2016 16 208 M
EBIT 2016 1 528 M
Net income 2016 971 M
Debt 2016 7 150 M
Yield 2016 1,28%
P/E ratio 2016 25,74
P/E ratio 2017 20,44
EV / Sales 2016 2,45x
EV / Sales 2017 1,96x
Capitalization 32 625 M
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 78,9 $
Spread / Average Target -5,5%
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NameTitle
Arne M. Sorenson President, CEO, COO & Director
John Willard Marriott Executive Chairman
Tim Sheldon Global Chief Operations Officer
Kathleen Kelly Oberg Chief Financial Officer & Executive VP
Bruce Hoffmeister Global Chief Information Officer
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