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By Author
Published on February 11, 2024
Marriott International, Inc., a global leader in hospitality with a vast portfolio spanning nearly 8,800 properties across over 30 brands in 139 countries, has declared a quarterly cash dividend for its shareholders. In a recent announcement from its headquarters in Bethesda, Maryland, the company's board of directors confirmed a dividend of 52 cents per share of common stock.
This dividend is slated for payment on March 29, 2024, to shareholders who are on record by the close of business on February 22, 2024. This move underscores Marriott's commitment to providing value to its shareholders and confidence in the company's financial health and future prospects.
About Marriott International
Marriott International is not just about offering hotel and resort accommodations; it's about creating experiences. With a rich history and a dynamic portfolio that includes more than 30 leading brands, Marriott is a name synonymous with quality hospitality and innovative guest services. The company also operates Marriott Bonvoy®, an award-winning travel program that enriches the journey of its members.
For those looking to dive deeper into Marriott International's offerings or stay up-to-date with the latest company news, the official website (www.marriott.com) and the Marriott News Center (www.marriottnewscenter.com) are valuable resources. These platforms offer insights into Marriott's strategic direction, operational achievements, and contributions to the hospitality industry.
Additionally, Marriott encourages stakeholders, including investors and media, to engage with the brand through its social media channels on Facebook, X, and Instagram (@MarriottIntl), as well as to subscribe to updates via its investor relations and news center websites. While these online resources provide comprehensive information, they are intended for informational purposes and are not incorporated into official financial documents or press releases.
This dividend declaration not only highlights Marriott International's solid financial footing but also its dedication to maintaining a transparent and rewarding relationship with its investors and the broader community interested in the company's growth and success in the hospitality industry.
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By Manu Vardhan Kannan
Published on July 30, 2026
Indian Hotels Company (IHCL) has announced the signing of Ginger Sindhudurg in Maharashtra. The project is a conversion of a standalone hotel and will be expanded to a 50-key property, further strengthening the company's presence in the state.
Commenting on the signing, Ms. Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL, said, “Sindhudurg is emerging as a sought-after leisure destination on Maharashtra’s Konkan coast, driven by improving connectivity, growing visitor footfall and increasing demand for short stay travel. Its accessibility from key feeder markets like Mumbai, Pune and Goa, along with its scenic coastline, positions the destination for sustained tourism growth. This signing reflects our strategy of expanding the brand’s presence in high-potential destinations and we are happy to partner with Ms. Sawant for this project.”
The upcoming Ginger Sindhudurg will feature an all-day dining restaurant, a bar, a swimming pool, and a fully equipped gym. The hotel will also include dedicated meeting rooms and a banquet hall, catering to business meetings, conferences, and social events.
Speaking about the partnership, Mrs. Priyanka Sawant said, “We are delighted to partner with IHCL to bring the Ginger brand to Sindhudurg. We look forward to working with IHCL and contribute to the destination’s growing tourism appeal.”
Located along Maharashtra's scenic Konkan coastline, Sindhudurg is known for attractions such as Sindhudurg Fort, Sawantwadi Palace, Moti Talav Lake, and the pristine Tarkarli beaches. The destination has been witnessing growing interest from leisure travellers, supported by improved connectivity and increasing tourism.
With this signing, IHCL's portfolio in Maharashtra grows to 66 hotels, including 34 hotels under development, reinforcing the company's expansion strategy across key leisure and business destinations.
Hyatt Hotels Corporation has announced the opening of Hyatt Place Vithalapur, marking the debut of the Hyatt Place brand in Vithalapur, Gujarat. The 108-room hotel becomes the first globally recognized hotel brand in the fast-growing industrial destination, offering modern comfort, convenience, and efficient service for both business and leisure travellers.
Strategically located in one of India's rapidly expanding manufacturing corridors, Hyatt Place Vithalapur is well positioned to cater to the increasing number of corporate travellers visiting the region. With leading global companies, particularly from the automobile sector, strengthening their presence in Vithalapur, the destination continues to emerge as an important centre for industrial growth in India.
Commenting on the opening, Bhuwan Chandra, General Manager, Hyatt Place Vithalapur, said, "As Vithalapur rapidly transforms into a pivotal hub in India’s manufacturing ecosystem, we are excited to introduce Hyatt Place Vithalapur to the market. With this debut, we’re not just opening a hotel, we’re creating a hospitality experience that aligns with the ambitions of the region. Hyatt Place Vithalapur is thoughtfully designed to support the evolving lifestyles of modern business travelers, offering the perfect blend of comfort, connectivity and convenience."
Designed to meet the needs of today's travellers, the hotel offers a range of contemporary guestrooms and suites, including King and Twin rooms, King Deluxe, and Premium rooms, with several rooms featuring private balconies overlooking the swimming pool.
Guests can dine at Zing, the hotel's all-day dining restaurant, which offers a variety of global cuisines along with live kitchen experiences. The property is positioned to serve business travellers, conference delegates, and international guests looking for a comfortable and well-connected stay.
Sharing his thoughts on the launch, Mr. Vijay Maan, Director, Sukhmaa Group, said, “Collaborating with Hyatt for this opening is not just a business milestone, it is a dream taking shape. This relationship is built on a shared vision to bring world-class hospitality to a region that has long deserved global attention. We believe this hotel will not only serve as a premium stay for guests across a variety of travel occasions, but will also spark new energy, pride and opportunity for the local community. With Hyatt’s legacy of excellence and our deep-rooted commitment to this area, we’re creating more than a hotel, we’re creating a landmark that reflects the growth and momentum of Vithalapur.”
With its debut in Vithalapur, Hyatt Place strengthens Hyatt's presence in India's growing industrial markets while providing a modern hospitality option for travellers visiting one of Gujarat's fastest-developing business destinations.
Lemon Tree Hotels Limited has announced the signing of Keys Select by Lemon Tree Hotels, Panthpiplai, Ujjain in Madhya Pradesh. The property will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited.
With this addition, Lemon Tree Hotels' portfolio in Madhya Pradesh has grown to 15 properties, including three operational hotels and 12 upcoming properties, further strengthening the group's presence across the state's key commercial and pilgrimage destinations.
Located on the Indore–Ujjain Road, the upcoming hotel enjoys a strategic location between Indore, the state's commercial hub, and Ujjain, one of India's most important spiritual destinations. The property is expected to cater to a diverse mix of business, leisure, and pilgrimage travellers visiting both cities.
The hotel will feature 51 well-appointed rooms, a restaurant, a banquet hall, a meeting and conference hall, a swimming pool, and a fitness centre. Positioned in the midscale segment, the property is designed to offer a comfortable and convenient stay for guests travelling between Indore and Ujjain.
Commenting on the signing, Vishvapreet Singh Cheema, President, Lemon Tree Hotels Ltd., said, “Panthpiplai presents a compelling opportunity, with Ujjain seeing significant investment in infrastructure and tourism, building on its long-standing importance as one of India's foremost spiritual destinations. Its proximity to Indore, a major commercial and industrial centre, further strengthens the location's potential. As a trusted midscale brand, Keys Select by Lemon Tree Hotels is well suited to this market, offering guests a dependable, comfortable and contemporary stay at the right value. With Simhastha 2028 further elevating Ujjain's profile and continued infrastructure development strengthening connectivity, we see strong potential for the hotel and the market in the years ahead.”
The property also offers excellent connectivity to major transport hubs. Devi Ahilyabai Holkar Airport, Indore, is approximately 41 km away, while Ujjain Junction Railway Station is located around 18.5 km from the hotel, making it easily accessible for travellers.
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