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

Delayed Quote. Delayed  - 07/26 07:55:43 pm
71.34 USD   +0.18%
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Marriott : Summer Pavilion At The Ritz-Carlton, Millenia Singapore Awarded Its First Michelin Star

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07/26/2016 | 06:11pm CEST

SINGAPORE, July 26, 2016 /PRNewswire/ -- The Ritz-Carlton, Singapore signature Cantonese restaurant, Summer Pavilion has earned its first Michelin Star in the inaugural Michelin Guide Singapore 2016. It is the only Chinese restaurant in a hotel in Singapore to receive this accolade.

https://photos.prnewswire.com/prnvar/20160726/393037

"I am thrilled that Summer Pavilion has garnered a one-star rating from the world-renowned Michelin Guide, an achievement that demonstrates our commitment to culinary excellence in a city that is well known as a gourmand's paradise. This recognition would not have been possible without our Ladies and Gentlemen in the restaurant operations and culinary teams, who are dedicated towards crafting a memorable and exceptional dining experience for all our guests," said Peter Mainguy, General Manager of The Ritz-Carlton, Millenia Singapore.

Chef Cheung Siu Kong has been with the restaurant since 2003. In 2014, he was appointed Chinese Executive Chef and underwent a relentless drive toward culinary perfection to propel the restaurant to Michelin heights. Following an extensive transformation in late 2015, Summer Pavilion became a contemporary restaurant with six exquisite private dining rooms.

"My cooking philosophy is simple. I believe that the key to creating authentic Cantonese dishes is through modest cooking techniques which bring out the natural flavours of the ingredients. Having been in the industry for more than 25 years, my passion is fueled whenever I see the smiles on the faces of guests after they taste my creations," said Chef Cheung.

In celebration of winning this prestigious accolade, Summer Pavilion has launched special menus which feature some of Chef Cheung's signature dishes. These include the barbecued Iberico pork with honey sauce, marinated South African abalone with roasted sesame dressing, double-boiled sea whelk soup with fish maw and chicken served in a whole coconut, poached rice with lobster and sautéed diced Japanese wagyu beef.

About The Ritz-Carlton, Millenia Singapore
Centrally located along Singapore's Marina Bay, this 608-room luxury hotel continues to be distinguished by unparalleled hospitality synonymous with The Ritz-Carlton brand. Exciting local attractions such as Gardens by the Bay, the Art Science Museum, the Integrated Resorts and the Singapore Flyer are only minutes away, while over 2,000 shopping and dining options are accessible via a covered sky bridge.

Renowned for iconic views from its spacious guestrooms and suites, the hotel features an exclusive Club Lounge on level 32. Savour various local and authentic cuisines at the hotel's various dining establishments, or unwind at the outdoor swimming pool or 24-hour gym.

About The Ritz-Carlton Hotel Company, L.L.C.
The Ritz-Carlton Hotel Company, L.L.C., of Chevy Chase, Md., currently operates more than 90 hotels in the Americas, Europe, Asia, the Middle East, Africa, and the Caribbean. More than 30 hotel and residential projects are under development around the globe. For more information or reservations, visit the company web site at www.ritzcarlton.com, for the latest company updates, visit news.ritzcarlton.com and to join the live conversation, use #RCMemories. The Ritz-Carlton Hotel Company, L.L.C. is a wholly-owned subsidiary of Marriott International, Inc. (NASDAQ:MAR).

Photo - http://photos.prnewswire.com/prnh/20160726/393037

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/summer-pavilion-at-the-ritz-carlton-millenia-singapore-awarded-its-first-michelin-star-300304117.html

SOURCE The Ritz-Carlton Hotel Company

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Financials ($)
Sales 2016 15 602 M
EBIT 2016 1 565 M
Net income 2016 981 M
Debt 2016 4 427 M
Yield 2016 1,45%
P/E ratio 2016 19,23
P/E ratio 2017 16,36
EV / Sales 2016 1,44x
EV / Sales 2017 1,38x
Capitalization 18 104 M
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Marriott International Inc Technical Analysis Chart | MAR | US5719032022 | 4-Traders
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Mean consensus HOLD
Number of Analysts 25
Average target price 76,1 $
Spread / Average Target 6,9%
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Managers
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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