Marriott International, Inc. (NYSE:MAR)
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A worldwide operator & franchisor of hotels and related facilities. The Company's six business segments are: North American Full-Service Lodging, North American Limited-Service Lodging, International Lodging, Luxury Lodging, Timeshare & Synthetic Fuel.
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Everyone is cutting their travel budgets. Staying in cheaper 2 or 3 star hotels is the first people think of doing. That's driving down occupancy and room rates big time. And then there is all that debt coming due... for loans on properties that are underwater (aka they are worth less than the loan). As the commercial real-estate bubble is popping that makes life even harder for our friends at the Marriot.
Oh and did the owners and their families mention that they are all cashing out their stocks? Check finviz.com