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Accor SA
General Company Information
Principal Office
Website
82, rue Henri Farman Issy-les-Moulineaux, FRA
www.accorhotels-group.com
Phone
Primary NAICS
(33) 1 69 36 80 80
721199 : All Other Traveler Accommodation
Fax
Closing Stock Price
(33) 1 45 38 85 95
8.67 (as of 01/31/2019)
Auditor
Incorporated
ERNST & YOUNG et Autres
April 1960 , France
Number of Employees
Mergent Dividend Achiever
192,627 (Year End Average Staff as of 12/31/2017)
No
Country
Number of Shareholders
France
5,596 (registered) (as of 12/31/2017)
Exchange and Ticker
Annual Meeting
NBB : ACCY Y
In April
Primary SIC
7011 : Hotels and motels
Business Summary
Accor is a hotel operator. Co. offers its guests and partners the expertise of a hotel operator and brand franchisor (HotelServices) and a hotel owner and investor (HotelInvest). Co. divides its activities into three segments: Luxury-upscale, Midscale and Economy. Luxury-upscale makes up 11% of Co.'s portfolio and comprises brands such as Sofitel, Pullman, MGallery, and Grand Mercure; Midscale makes up 43% of its portfolio and comprises the Novotel, Suite Novotel, Mercure and Adagio brands; and Economy makes up 46% the Co.'s portfolio, comprising the brands ibis, ibis Styles, ibis budget and hotelF1. At Dec 31 2013 Co. operated around 3,600 hotels and 460,000 rooms in 92 countries.
Company Details
Subsidiaries
SUBSIDIARY NAME
PERCENT OWNED
COUNTRY
Subsidiaries
Subsidiaries
Académie Accor
100%
-
Accor Afrique
100%
-
Devimco
100%
-
Compagnie Etap hôtels Roissy
96.00%
-
Ecotel
99.45%
-
ibis Budget Hôtels
96.00%
-
Exhotel
100%
-
Hôtel de Porticcio
100%
-
GESTAL
96.00%
-
ibis Styles Hôtels
100%
-
Mer & Montagne
100%
-
Paris Clichy
100%
-
Paris Porte de Saint-Cloud
100%
-
Pradotel
100%
-
Pro-Fid
100%
-
Société Hôtelière Défense Grande Arche
100%
-
SHNM
100%
-
SIGEST
100%
-
SNC Exploitation Hôtels Suitehotels
100%
-
SNC NMP France
100%
-
Société Commerciale des Hôtels Economiques
99.96%
-
Société de Management Intermarques
100%
-
Société du domaine de Marlioz et Extensions
100%
-
Société d'Etude et de Promotion Hôtelière Internationale
100%
-
Société Hôtelière de Montparnasse
100%
-
Société Hôtelière et de Thalassotherapie de la Côte Varoise
100%
-
Société Hôtelière du Forum
100%
-
Hotexco
100%
-
Société Hôtelière Toulouse Centre
51.44%
-
Sofitel Luxury Hôtels France
100%
-
SOGECA
100%
-
SoLuxury HMC
100%
-
Société Parisienne des Hôtels Economiques
100%
-
Société d'exploitation Hôtel Monegasque
100%
-
Société d'Hôtelerie et d'Exploitation Marseillaise
100%
-
Société Hôtelière 61 quai de Grenelle
100%
-
Société Hôtelière Paris Eiffel Suffren
75.00%
-
Société de la Porte de Montreuil
99.96%
-
Thalamer
100%
-
Accor Gestion Hôteliere & Services
100%
Switzerland
Accor Hospitality Germany GMBH
100%
Germany
Accor Hospitality Italia
100%
Italy
Accor Hospitality Nederland
100%
Netherlands
Accor Hotelbetriebs GMBH
100%
Austria
Accor Hoteles Espana
100%
Spain
Accor Hotels Belgium
100%
Belgium
Accor Hotels Luxembourg
100%
Luxembourg
Accor Hotels Romania
100%
Romania
Pannonia Hotels ZRT
99.94%
Hungary
Accor UK Business & Leisure
100%
United Kingdom
Accor UK Economy Hotels
100%
United Kingdom
Berne Messe
60.00%
Switzerland
Hekon-Hotele Ekonomiczne
52.69%
Poland
Hotek Polska
100%
Poland
Hotel Muranowska
100%
Poland
Orbis
52.69%
Poland
Katerinska Hotels
100%
Czech Republic
Pannonia Hotelbetriebs
99.94%
Austria
Portis
100%
Portugal
Russian Management Hotel Comany LLC
100%
-
Société d'exploitation hôtelière
99.78%
Switzerland
Upsite Investimentos Hoteleiros
100%
Portugal
Accor Asia Pacific Corp
100%
Australia
Accor Australia and New Zealand Hospitality
100%
New Zealand
AAPC India Hotel Management Private
70.00%
India
Safari club
100%
French Polynesia
Accor Chile
100%
Chile
Accor Hospitality Arg
100%
Argentina
Caesar Park Argentina
100%
Argentina
Hotelaria Accor Brasil
100%
Brazil
Posadas Do Brasil
100%
Brazil
SI Hotelera de Mexico
100%
Mexico
Sociedad de desarollo de hoteles peruanos (SDHP
100%
Peru
Accor Business And Leisure North America
100%
Germany
Accor Canada
100%
Canada
Accor Gestion Maroc
77.94%
Morocco
Accor Hôtel SAE
99.77%
Egypt
Hotel Union Pullman
100%
Senegal
Premier Lodge
100%
South Africa
Saudi Franch Company Hotel MGT
99.98%
Saudi Arabia
Société Abidjannaise Hôtelière
99.99%
Ivory Coast
Société Hôtelière Barachois
90.58%
Senegal
Société Hôteliere La Lagune
100%
Ivory Coast
Société Togolaise d'investissement et d'exploitation hôtelière
100%
Togo
Tamaris Turizm Try
100%
Turkey
Sogedetu
100%
Dominican Republic
Pierre Loti
100%
Cameroon, United Republic Of
Compagnie Hôtelière du Plateau
90.85%
Ivory Coast
Proportionally Consolidated Companies
Adagio
50.00%
-
Société immobilière d'exploitation algérienne
50.00%
Algeria
Soc. d'Exploitation des Résidences Hôtelières Rail
50.00%
-
Equity-accounted Companies
RISMA
32.89%
Morocco
Saint James Hotel
51.83%
United Kingdom
The Grand Real Estate
58.71%
Netherlands
Société Hôtelière Paris Les Halles
31.19%
-
Long Term Debt
Dec. 31, 2017, Euro2,980,000,000 (including current portion of Euro237,000,000) comprised of:
-- 01 -- Euro2,748,000,000 bonds bearing 1.25% - 6.04% interest rates, maturing Dec. 2018 - Sept. 2024.
-- 02 -- Euro30,000,000 bank borrowings.
-- 03 -- Euro202,000,000 other financial debts.
Lines of Credit: At Dec. 31, 2017, Co. had undrawn syndicated credit facilities totaling Euro1,800,000,000 maturing June 2019.
Capital Structure
Abbreviation
Description
Common
ordinary
ADR
American Depositary Receipts
ADR (Sponsored) (New)
ADR (Sponsored) (New)
Ord
Ord
Abbreviation
Structure Type
Exchange
Ticker
Common
common
PAR
AC
ADR
American Depositary Receipt
OTC
ACCYY
ADR (Sponsored) (New)
American Depositary Receipt
NBB
ACCY Y
Ord
Ordinary
NBB
ACRF F
Abbreviation
Market Cap
Common
ADR
ADR (Sponsored) (New)
0
Ord
0
Earnings Estimates
Broker Summary
Details not available.
Ratios and Statistics
Details not available.
No Earnings Estimates chart available
Average target price details not available.
Pricing Information
Closing Price
As of 02/01/2019 : 8.67
Dividend Yield
2.8667
Earning Per Share(TTM)
1.4
Dividend Per Share(TTM)
0.2485
Market Cap(mil)
0
52 Week Range
7.98 - 12.03
PE Ratio
N/A
% Price Change (100 Days)
-2.20
Company Financials
Income Statement
Exchange rate used is that of the Year End reported date
There is no Prelims Annual financial information available for this company at present.
Balance Sheet
Exchange rate used is that of the Year End reported date
There is no Prelims Annual financial information available for this company at present.
Cash Flows
Exchange rate used is that of the Year End reported date
There is no Prelims Annual financial information available for this company at present.
Ratios
Exchange rate used is that of the Year End reported date
Profitability Ratios
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ROA % (Net)
3.68
-
2.76
2.82
ROE % (Net)
7.92
-
6.58
7.2
ROI % (Operating)
4.54
-
7.49
8.57
EBITDA Margin %
25.71
33.37
13.71
13.44
Calculated Tax Rate %
(15.36)
(2.42)
34.09
44.76
Revenue per Employee
10,056
-
38,342
38,614
Profitability Ratios
12/31/2013
ROA % (Net)
1.72
ROE % (Net)
4.76
ROI % (Operating)
5.49
EBITDA Margin %
11.52
Calculated Tax Rate %
47.08
Revenue per Employee
40,470
Liquidity Ratios
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Quick Ratio
1.25
0.98
1.91
1.84
Current Ratio
1.27
1
1.96
1.89
Net Current Assets % TA
3.23
0.05
21.88
19.45
Liquidity Ratios
12/31/2013
Quick Ratio
1.2
Current Ratio
1.25
Net Current Assets % TA
8.19
Debt Management
12/31/2017
12/31/2016
12/31/2015
12/31/2014
LT Debt to Equity
0.5
0.38
0.73
0.76
Total Debt to Equity
0.55
0.5
0.75
0.78
Interest Coverage
4.15
4.03
6.92
8.33
Debt Management
12/31/2013
LT Debt to Equity
0.68
Total Debt to Equity
0.87
Interest Coverage
3.23
Asset Management
12/31/2017
12/31/2015
12/31/2014
12/31/2013
Total Asset Turnover
0.16
0.63
0.69
0.76
Receivables Turnover
3.02
6.62
6.58
6.34
Inventory Turnover
8.38
9.91
9.91
9.12
Accounts Payable Turnover
4.95
7.83
8.38
9.3
Accrued Expenses Turnover
7.58
11.15
10.86
9.86
Property Plant & Equip Turnover
3.17
1.81
1.95
2.2
Cash & Equivalents Turnover
1.72
1.98
2.37
2.91
Per Share
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Cash Flow per Share
3.44
-
3.35
2.99
Book Value per Share
18.91
19.87
15.99
15.76
Per Share
12/31/2013
Cash Flow per Share
2.3
Book Value per Share
11.13
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Hilton Worldwide Holdings Inc
General Company Information
Principal Office
Website
7930 Jones Branch Drive, Suite 1100 McLean, VA 22102 USA
www.hiltonworldwide.com
Phone
Primary NAICS
703 883-1000
721110 : Hotels (except Casino Hotels) and Motels
Auditor
Closing Stock Price
Ernst & Young LLP
74.48 (as of 01/31/2019)
Number of Employees
Incorporated
163,000 (Approximate Full-Time as of 12/31/2017)
March 2010 , DE, United States
Country
Mergent Dividend Achiever
United States
No
Exchange and Ticker
Number of Shareholders
NYS : HLT
35 (approx. record) (as of 12/31/2017)
Primary SIC
Annual Meeting
7011 : Hotels and motels
In May
Business Summary
Hilton is a holding company. Through its subsidiaries, Co. is a hospitality company. Co.'s brand portfolio includes its hotel brands, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts and Canopy by Hilton; its full service hotel brands, Hilton Hotels & Resorts, Curio - A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton and Embassy Suites by Hilton; its focused service hotel brands, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton and Home2 Suites by Hilton; and its timeshare brand, Hilton Grand Vacations. Co. operates its business through two operating segments: management and franchise; and ownership.
Company Details
Subsidiaries
SUBSIDIARY NAME
PERCENT OWNED
COUNTRY
Subsidiaries
Subsidiaries
259 Pitt Street Pty Ltd.
100%
Australia
42 Hotel Member LLC
100%
United States
90210 Biltmore Management, LLC
100%
United States
90210 Desert Resorts Management Co., LLC
100%
United States
90210 Grand Wailea Management Co., LLC
100%
United States
90210 LLC
100%
United States
90210 Management Company, LLC
100%
United States
Adana Hilton Enternasyonal Otelcilik Limited Sirketi
100%
Turkey
Adda Hotels
100%
United Kingdom
Adda Properties Limited
100%
United Kingdom
Addis Ababa Hilton Private Limited Company
100%
Ethiopia
Admiral I Pty Limited
100%
Australia
Admiral II Pty Limited
100%
Australia
Admiral III Pty Limited
100%
Australia
Admiral Investments Pty Limited
100%
Australia
Andiamo's O'Hare, LLC
100%
United States
Ankara Enternasyonel Otelcilik Anonim Sirketi
100%
Turkey
ATM Hotels Pty. Limited
100%
Australia
Avenue Louise Hotel Partners S.N.C.
100%
Belgium
Bally's Grand Property Sub I, LLC
100%
United States
Blue Bonnet Security, LLC
100%
United States
Bonnet Creek Golf Course Lessee LLC
100%
United States
Bonnet Creek Equity Holdings LLC
100%
United States
Bonnet Creek Waldorf Astoria Lessee LLC
100%
United States
Brighton at Kingston Plantation, L.L.C.
100%
United States
Canopy Brand Management LLC
100%
United States
Casa Marina Equity Holdings LLC
100%
United States
Chancel Service Corporation
100%
United States
Chesterfield Village Hotel, L.L.C.
100%
United States
CHW Holdings, LLC
100%
United States
Comfort Hotels International Limited
100%
United Kingdom
Comfort Hotels Limited
100%
United Kingdom
Comfort Inns BV
100%
Netherlands
Comfort Lodge (U.K.) Limited
100%
United Kingdom
Compris Hotel LLC
100%
United States
Conrad International (Belgium) LLC
100%
United States
Conrad International (Egypt) LLC
100%
United States
Conrad International (Egypt) Resorts Corporation
100%
United States
Conrad International (Indonesia) Corporation
100%
United States
Conrad International (Thailand) Limited
100%
Thailand
Conrad International Hotels (HK) Limited
100%
Hong Kong
Conrad International Investment (Jakarta) Corporation
100%
United States
Conrad International Manage (CIS) LLC
100%
United States
Conrad International Management Services (Singapore) Pte Ltd
100%
Singapore
Conrad Management LLC
100%
United States
Conrad Osaka Kodo Gaisha
100%
Japan
Curio Brand Management LLC
100%
United States
Destination Resort Affiliates
100%
United States
Destination Resorts LLC
100%
United States
Doubletree De Mexico, S.A. De C.V.
100%
Mexico
Doubletree Hotel Systems LLC
100%
United States
Doubletree Hotels LLC
100%
United States
Doubletree International Franchise LLC
100%
United States
Doubletree LLC
100%
United States
Doubletree Management LLC
100%
United States
Doubletree Partners
100%
United States
DT Management LLC
100%
United States
DT Real Estate, Inc.
100%
United States
DTM Atlanta/Legacy, Inc.
100%
United States
DTM Cambridge, Inc.
100%
United States
DTM Coconut Grove, Inc.
100%
United States
DTM Maryland, Inc.
100%
United States
DTM Santa Clara LLC
100%
United States
DTM Walnut Creek, Inc.
100%
United States
DTR FCH Holdings, Inc.
100%
United States
DTR Houston, Inc.
100%
United States
DTR PAH Holding, Inc.
100%
United States
DTR San Antonio, Inc.
100%
United States
DTR TM Holdings, Inc.
100%
United States
Dunkeld Lodges (Management) Limited
100%
United Kingdom
Durban Hotel Asset Trust
100%
South Africa
EJP LLC
100%
United States
Embassy Development LLC
100%
United States
Embassy Equity Development LLC
100%
United States
Embassy Memphis Corporation
100%
United States
Embassy Suites (Isla Verde), Inc.
100%
United States
Embassy Suites Club No. 1, Inc.
100%
United States
Embassy Suites Club No. Three, Inc.
100%
United States
Embassy Suites Club No. Two, Inc.
100%
United States
Embassy Suites Management LLC
100%
United States
Embassy Syracuse Development LLC
100%
United States
Grand Hotel Imperial dd
100%
Croatia
Greatkey Limited
100%
United Kingdom
H Alliance, Inc.
100%
United States
Hampton Inns LLC
100%
United States
Hampton Inns Management LLC
100%
United States
Hapeville Investors, LLC
100%
United States
HBM Global Risk Corporation
100%
United States
HFS San Francisco Liquor License, LLC
100%
United States
HHC BC Orlando, LLC
100%
United States
HI Hotel Management (Guam), Inc.
100%
Guam
HI Investment (Colombia) EU
100%
Colombia
HI US Finance LLC
100%
United States
HIC Dormant Holding LLC
100%
United States
HIC First LLC
100%
United States
HIC Group International Luxembourg Sarl
100%
Luxembourg
HIC Holdings BV
100%
Netherlands
HIC Holdings LLC
100%
United States
HIC Hotels U.S.A. LLC
100%
United States
HIC Racing (Chiswick) Limited
100%
United Kingdom
HIC Second LLC
100%
United States
HIC Treasury Limited
100%
United Kingdom
Hilmex Holdings S. de R.L. de C.V
100%
Mexico
Hilton Argentina SRL
100%
Argentina
Hilton Beverage Corporation
100%
United States
Hilton Beverage LLC
100%
United States
Hilton Brazil Operacoes E Participacoes Ltda.
100%
Brazil
Hilton Canada Co.
100%
Canada
Hilton Chicago Beverage I LLC
100%
United States
Hilton Chicago Beverage II LLC
100%
United States
Hilton Chicago Beverage III LLC
100%
United States
Hilton Chicago Beverage IV LLC
100%
United States
Hilton Copenhagen ApS
100%
Denmark
Hilton Corporate Director LLC
100%
United States
Hilton Cyprus Limited
100%
Cyprus
Hilton Domestic Franchise LLC
100%
United States
Hilton Domestic Management LLC
100%
United States
Hilton Domestic Operating Company Inc.
100%
United States
Hilton Egypt Trading Company
100%
Egypt
Hilton El Con Management LLC
100%
United States
Hilton El Con Operator LLC
100%
United States
Hilton Electronic Distribution Systems, LLC
100%
United States
Hilton Enternasyonal Otelcilik AS
100%
Turkey
Hilton Enternasyonal Otelcilik AS - Ankara branch
100%
Turkey
Hilton Enternasyonal Otelcilik AS - Ankara branch
100%
United Kingdom
Hilton Foreign Operating Company Inc.
100%
United States
Hilton Franchise Holding LLC
100%
United States
Hilton Garden Inns Management LLC
100%
United States
Hilton Germany Holdco Limited
100%
United Kingdom
Hilton Global Holdings LLC
100%
United States
Hilton Hawaii Corporation
100%
United States
Hilton HHC Limited
100%
United Kingdom
Hilton HIH Limited
100%
United Kingdom
Hilton (Hellas) Monoprosopi EPE
100%
Greece
Hilton Holdings LLC
100%
United States
Hilton Honors Worldwide LLC
100%
United States
Hilton Hospitality LLC
100%
United States
Hilton Hotel Management (Shanghai) Co Ltd
100%
China (Peoples Rep. Of)
Hilton Hotel Management (Shanghai) Co Ltd - Beijing branch
100%
China (Peoples Rep. Of)
Hilton Hotel Management (Shanghai) Co Ltd - Shenzhen branch
100%
China (Peoples Rep. Of)
Hilton Hotel Management Services Private Limited
100%
India
Hilton Hotel Service Co Limited
100%
Japan
Hilton Hotels (Ireland) Limited
100%
Ireland
Hilton Hotels Holdings LLC
100%
United States
Hilton Hotels of Australia (Melbourne) Pty Ltd
100%
Australia
Hilton Hotels of Australia Pty Limited
100%
Australia
Hilton Illinois Holdings LLC
100%
United States
Hilton Illinois LLC
100%
United States
Hilton Inns LLC
100%
United States
Hilton Internacional de Venezuela CA
100%
Venezuela
Hilton International (Bulgaria) EAD
100%
Bulgaria
Hilton International (France) SAS
100%
France
Hilton International (Germany) GmbH
100%
Germany
Hilton International (Moscow) LLC
100%
United States
Hilton International (Nederland) BV
100%
Netherlands
Hilton International (Switzerland) GmbH
100%
Switzerland
Hilton International (Thailand) Company Limited
100%
Thailand
Hilton International Asia Pacific Pte Ltd.
100%
Singapore
Hilton International Australia Holding Pty Ltd
100%
Australia
Hilton International Australia Pty Limited
100%
Australia
Hilton International Barbados Limited
100%
Barbados
Hilton International Canada CRA ULC
100%
Canada
Hilton International Co - Egypt
100%
Egypt
Hilton International Co - Mauritius
100%
Mauritania
Hilton International Co - Sucursal em Portugal
100%
Portugal
Hilton International Co - Sudan
100%
Sudan
Hilton International Co (Belgium) BVBA
100%
Belgium
Hilton International Co (Spolka Akcyjna)
100%
Portugal
Hilton International Co Merkezi ABD Turkiye Istanbul Subesi
100%
Turkey
Hilton International DEMPE Holding Limited
100%
United Kingdom
Hilton International Ecuador LLC
100%
United States
Hilton International Franchisor LLC
100%
United States
Hilton International GAMMA
100%
France
Hilton International Holding LLC
100%
United States
Hilton International Holding USA Corporation
100%
United States
Hilton International Holdings LLC
100%
United States
Hilton International Hotels (U.K.) Limited
100%
United Kingdom
Hilton International Hotels (UK) Limited - Sucursal en Espana
100%
Spain
Hilton International IP Holding 2 Limited
100%
United Kingdom
Hilton International IP Holding Limited
100%
United Kingdom
Hilton International Jamaica Limited
100%
Jamaica
Hilton International LLC
100%
United States
Hilton International LLC - Dubai
100%
United Arab Emirates
Hilton International LLC - Hong Kong branch
100%
Hong Kong
Hilton International Manage (Argentina) SRL
100%
Argentina
Hilton International Manage (Maldives) Pvt. Ltd
100%
Maldives
Hilton International Manage LLC
100%
United States
Hilton International Manage LLC - Canada
100%
Canada
Hilton International Manage LLC - Costa Rica
100%
Costa Rica
Hilton International Manage LLC - Egypt
100%
Egypt
Hilton International Manage LLC - South Africa
100%
South Africa
Hilton International Manage LLC Branche (Tunisia)
100%
Tunisia
Hilton International Management (Middle East) Corporation - Ukraine Representative Office
100%
Ukraine
Hilton International Management LLC
100%
United States
Hilton International Management LLC (Sri Lanka)
100%
Sri Lanka
Hilton International South Africa (PTY) Limited
100%
South Africa
Hilton International Trinidad Limited
100%
Trinidad And Tobago
Hilton International Vermogensverwaltung GmbH
100%
Germany
Hilton International Wien GmbH
100%
Austria
Hilton Israel Ltd
100%
Israel
Hilton Italiana Srl
100%
Italy
Hilton Malta Limited
100%
Malta
Hilton Management Liquor LLC
100%
United States
Hilton Management LLC
100%
United States
Hilton Munich Airport Hotel Manage GmbH
100%
Germany
Hilton Nairobi Limited
100%
Kenya
Hilton New Jersey Service Corp.
100%
United States
Hilton of Malaysia LLC
100%
United States
Hilton of Malaysia LLC - Malaysia
100%
Malaysia
Hilton of Panama Limited
100%
Panama
Hilton of Panama Ltd - Greece branch
100%
Greece
Hilton of Spain S.L.
100%
Spain
Hilton PCB Sarl
100%
Luxembourg
Hilton Recreation LLC
100%
United States
Hilton Reservations Worldwide, L.L.C.
100%
United States
Hilton Russia LLC - Russian branch
100%
Russia
Hilton San Diego LLC
100%
United States
Hilton Service Center GmbH
100%
Germany
Hilton Spring Corporation
100%
United States
Hilton Supply Management LLC
100%
United States
Hilton Systems Solutions, LLC
100%
United States
Hilton Systems, LLC
100%
United States
Hilton Telemarketing LLC
100%
United States
Hilton Tobago Limited
100%
Trinidad And Tobago
Hilton Travel Services LLC
100%
United States
Hilton UK Corporate Director Limited
100%
United Kingdom
Hilton UK Hotels Limited
100%
United Kingdom
Hilton UK Manage Limited
100%
United Kingdom
Hilton UK Manage Limited - Saudia Arabia
100%
Saudi Arabia
Hilton UK Manage Limited � Swedish Filial
100%
Sweden
Hilton UK Manage Limited-Sucursal em Portugal
100%
Portugal
Hilton UK Pension Trustee Limited
100%
United Kingdom
Hilton Worldwide Domestic FS Treasury LLC
100%
United States
Hilton Worldwide Finance Corp.
100%
United States
Hilton Worldwide Finance LLC
100%
United States
Hilton Worldwide Franchising LP
100%
United Kingdom
Hilton Worldwide FS Treasury Limited
100%
United Kingdom
Hilton Worldwide Holding 1 Limited
100%
United Kingdom
Hilton Worldwide Holding 2 Limited
100%
United Kingdom
Hilton Worldwide Holding LLP
100%
United Kingdom
Hilton Worldwide Holdings Inc.
100%
United States
Hilton Worldwide International CRA Holding C.V
100%
Netherlands
Hilton Worldwide International do Brasil Ltda.
100%
Brazil
Hilton Worldwide International Holding 1 LLC
100%
United States
Hilton Worldwide International Israel Ltd.
100%
Israel
Hilton Worldwide International Italy S.r.l.
100%
Italy
Hilton Worldwide International Japan Godo-Kaisha
100%
Japan
Hilton Worldwide International Luxembourg Holding S.à r.l.
100%
Luxembourg
Hilton Worldwide International Myanmar Company Limited
100%
Burma
Hilton Worldwide International Puerto Rico LLC
100%
Puerto Rico
Hilton Worldwide International Singapore Pte. Ltd.
100%
Singapore
Hilton Worldwide Limited
100%
United Kingdom
Hilton Worldwide Limited Hong Kong Branch
100%
Hong Kong
Hilton Worldwide Limited Korea Branch
100%
Korea (South)
Hilton Worldwide Manage Branchco Limited
100%
United Kingdom
Hilton Worldwide Manage Branchco Limited - Sucursal em Portugal
100%
Portugal
Hilton Worldwide Manage Branchco Limited (Ukraine)
100%
Ukraine
Hilton Worldwide Manage Branchco Limited Branch - Georgia
100%
United States
Hilton Worldwide Manage Branchco Limited -Colombia
100%
Colombia
Hilton Worldwide Manage Branchco Limited Korea Branch
100%
Korea (South)
Hilton Worldwide Manage Branchco Limited spólka z ograniczona odpowiedzialnoscia Oddzial w Polsce
100%
Poland
Hilton Worldwide Manage Branchco Ltd - Uruguay Branch
100%
Uruguay
Hilton Worldwide Manage Limited
100%
United Kingdom
Hilton Worldwide Parent LLC
100%
United States
Hilton Worldwide Services Limited
100%
United Kingdom
Hilton-OCCC Mezz Lender, LLC
100%
United States
HLT Amity LLC
100%
United States
HLT Aro Manage Limited
100%
United Kingdom
HLT Audubon LLC
100%
United States
HLT Bradford Limited
100%
United Kingdom
HLT Brazil LLC
100%
United States
HLT Conrad Domestic LLC
100%
United States
HLT Domestic JV Holdings LLC
100%
United States
HLT Drake LLC
100%
United States
HLT English Operator Limited
100%
United Kingdom
HLT ESP International Franchise LLC
100%
United States
HLT ESP International Franchisor Corporation
100%
United States
HLT ESP International Manage LLC
100%
United States
HLT ESP International Management Corporation
100%
United States
HLT ESP Manage LLC
100%
United States
HLT Existing Franchise Holding LLC
100%
United States
HLT Franchise II Borrower LLC
100%
United States
HLT Franchise Mezz V-A LLC
100%
United States
HLT Franchise Mezz V-B LLC
100%
United States
HLT Franchise Mezz V-C LLC
100%
United States
HLT Franchise Mezz V-D LLC
100%
United States
HLT Franchise Mezz V-E LLC
100%
United States
HLT Franchise Mezz V-F LLC
100%
United States
HLT Franchise Mezz V-G LLC
100%
United States
HLT Franchise Mezz V-H LLC
100%
United States
HLT Franchise Mezz V-I LLC
100%
United States
HLT Franchise Mezz V-J LLC
100%
United States
HLT Franchise Mezz V-K LLC
100%
United States
HLT Franchise V Borrower LLC
100%
United States
HLT German Manage GmbH
100%
Germany
HLT German Services GmbH
100%
Germany
HLT HQ SPE LLC
100%
United States
HLT HSM Holding LLC
100%
United States
HLT HSS Holding LLC
100%
United States
HLT International Existing Franchise Holding LLC
100%
United States
HLT International Manage LLC
100%
United States
HLT JV Acquisition LLC
100%
United States
HLT JV II Borrower LLC
100%
United States
HLT Lifestyle International Franchise LLC
100%
United States
HLT Lifestyle International Franchisor Corporation
100%
United States
HLT Lifestyle International Manage LLC
100%
United States
HLT Lifestyle International Management Corporation
100%
United States
HLT Lifestyle Manage LLC
100%
United States
HLT London Manage Limited
100%
United Kingdom
HLT Managed Mezz VI-A LLC
100%
United States
HLT Managed Mezz VI-B LLC
100%
United States
HLT Managed Mezz VI-C LLC
100%
United States
HLT Managed Mezz VI-D LLC
100%
United States
HLT Managed Mezz VI-E LLC
100%
United States
HLT Managed Mezz VI-F LLC
100%
United States
HLT Managed Mezz VI-G LLC
100%
United States
HLT Managed Mezz VI-H LLC
100%
United States
HLT Managed Mezz VI-I LLC
100%
United States
HLT Managed Mezz VI-J LLC
100%
United States
HLT Managed Mezz VI-K LLC
100%
United States
HLT Managed Mezz XI-A GmbH
100%
Germany
HLT Managed Mezz XI-B GmbH
100%
Germany
HLT Managed Mezz XI-C GmbH
100%
Germany
HLT Managed Mezz XI-D GmbH
100%
Germany
HLT Managed Mezz XI-E GmbH
100%
Germany
HLT Managed Mezz XI-F GmbH
100%
Germany
HLT Managed Mezz XI-G GmbH
100%
Germany
HLT Managed Mezz XI-H GmbH
100%
Germany
HLT Managed Mezz XI-I GmbH
100%
Germany
HLT Managed Mezz XI-J GmbH
100%
Germany
HLT Managed Mezz XI-K GmbH
100%
Germany
HLT Managed VI Holding LLC
100%
United States
HLT Managed V-A Borrower Limited
100%
United Kingdom
HLT Managed V-A Holding Limited
100%
United Kingdom
HLT Managed XI-A Borrower GmbH
100%
Germany
HLT Managed XII-A Holding LLC
100%
United States
HLT Memphis Data LLC
100%
United States
HLT Mexico LLC
100%
United States
HLT Operating Mezz III-K Limited
100%
United Kingdom
HLT Operating Mezz VII-A Limited
100%
United Kingdom
HLT Operating Mezz VII-B Limited
100%
United Kingdom
HLT Operating Mezz VII-C Limited
100%
United Kingdom
HLT Operating Mezz VII-D Limited
100%
United Kingdom
HLT Operating Mezz VII-E Limited
100%
United Kingdom
HLT Operating Mezz VII-F Limited
100%
United Kingdom
HLT Operating Mezz VII-G Limited
100%
United Kingdom
HLT Operating Mezz VII-H Limited
100%
United Kingdom
HLT Operating Mezz VII-I Limited
100%
United Kingdom
HLT Operating Mezz VII-J Limited
100%
United Kingdom
HLT Operating Mezz V-K Limited
100%
United Kingdom
HLT Operating VII-A Borrower GmbH
100%
Germany
HLT Owned II Holding LLC
100%
United States
HLT Owned II-A Borrower LLC
100%
United States
HLT Owned IX Holding Limited
100%
United Kingdom
HLT Owned IX-A Holding Limited
100%
United Kingdom
HLT Owned Mezz IX-A Limited
100%
United Kingdom
HLT Owned Mezz IX-B Limited
100%
United Kingdom
HLT Owned Mezz IX-C Limited
100%
United Kingdom
HLT Owned Mezz IX-D Limited
100%
United Kingdom
HLT Owned Mezz IX-E Limited
100%
United Kingdom
HLT Owned Mezz IX-F Limited
100%
United Kingdom
HLT Owned Mezz IX-G Limited
100%
United Kingdom
HLT Owned Mezz IX-H Limited
100%
United Kingdom
HLT Owned Mezz IX-I Limited
100%
United Kingdom
HLT Owned Mezz IX-J Limited
100%
United Kingdom
HLT Owned Mezz IX-K Limited
100%
United Kingdom
HLT Owned Mezz V-A Limited
100%
United Kingdom
HLT Owned Mezz V-B Limited
100%
United Kingdom
HLT Owned Mezz V-C Limited
100%
United Kingdom
HLT Owned Mezz V-D Limited
100%
United Kingdom
HLT Owned Mezz V-E Limited
100%
United Kingdom
HLT Owned Mezz V-F Limited
100%
United Kingdom
HLT Owned Mezz V-G Limited
100%
United Kingdom
HLT Owned Mezz V-H Limited
100%
United Kingdom
HLT Owned Mezz V-I Limited
100%
United Kingdom
HLT Owned Mezz V-J Limited
100%
United Kingdom
HLT Owned Mezz V-K Limited
100%
United Kingdom
HLT Owned V Holding Limited
100%
United Kingdom
HLT Owned V-A Holding Limited
100%
United Kingdom
HLT Owned VI-A Holding LLC
100%
United States
HLT Owned VII Holding LLC
100%
United States
HLT Owned VII-A Holding LLC
100%
United States
HLT Palmer LLC
100%
United States
HLT Prism LLC
100%
United States
HLT Secretary Limited
100%
United Kingdom
HLT Stakis IP Limited
100%
United Kingdom
HLT Stakis Operator Limited
100%
United Kingdom
HLT Waldorf=Astoria International Manage LLC
100%
United States
Home2 Brand Management LLC
100%
United States
Homewood Suites Management LLC
100%
United States
Hotel Clubs of Corporate Woods, Inc.
100%
United States
Hotel Corporation of Europe (Milan Branch)
100%
Italy
Hotel Corporation of Europe LLC
100%
United States
Hotel Equities Co.
100%
United States
Hotel Maatschappij Schiphol BV
100%
Netherlands
Hotel Management (Middle East) LLC
100%
United States
Hotel Management of Minneapolis Inc.
100%
United States
Hotelbetriebsgesellschaft Hochstrasse GmbH
100%
Germany
Hotels Statler Company, Inc.
100%
United States
HPP Hotels USA, Inc.
100%
United States
HPP International LLC
100%
United States
HTGV, LLC
100%
United States
Innvision, LLC
100%
United States
International Brand Hospitality Austria GmbH
100%
Austria
International Brand Hospitality GmbH
100%
Germany
International Company for Touristic Investments, S.A.E.
100%
Egypt
International Hotels (Kenya) Limited
100%
Kenya
International Rivercenter Lessee, L.L.C.
100%
United States
Istanbul Park Hilton Enternasyonal Otelcilik Limited Sirketi
100%
Turkey
Izmir Enternasyonel Otelcilik Anonim Sirketi
100%
Turkey
Izmir Hilton Enternasyonal Otelcilik AS
100%
Turkey
Kayseri Hilton Enternasyonal Otelcilik AS
100%
Turkey
King Street Hotel SPE, LLC
100%
United States
Konya Hilton Enternasyonal Otelcilik AS
100%
Turkey
Lee Vista Tenant Corp.
100%
United States
Livingwell Australia Pty Limited
100%
Australia
Lockwood Palmer House, LLC
100%
United States
Madagascar Hilton SARL
100%
Madagascar
MAPLE HOTELS MANAGEMENT COMPANY LIMITED
100%
Ireland
Maple Hotels Management Company Limited
100%
United Kingdom
Margate Towers at Kingston Plantation, L.L.C.
100%
United States
Marquette MPT, Inc.
100%
United States
Mayaguez Hilton Corporation - Puerto Rico branch
100%
Puerto Rico
Mayaguez Hilton LLC
100%
United States
MC Treasury Limited
100%
United Kingdom
Mersin Hilton Enternasyonal Otelcilik AS
100%
Turkey
Milbuck Holdings, Inc
100%
United States
Morning Light Co. Limited
100%
Mauritius
München Park Hilton Zweigniederlassung der Hilton International LLC
100%
Germany
Nagoya Hilton Co Ltd
100%
Japan
Nippon Hilton Co Ltd
100%
Japan
Odawara Hilton Co., Ltd
100%
Japan
On Command Corporation
100%
United States
Operadora de Hoteles Loreto, S. de R.L. de C.V
100%
Mexico
Osaka Hilton Co Ltd
100%
Japan
P55 Beverage LLC
100%
United States
P55 Hotel Owner LLC
100%
United States
PAH-DT Chicago-O'Hare Partners, LP
100%
United States
PAH-DT Park Place Partners, LP
100%
United States
PAH-DT Tallahassee Partners, LP
100%
United States
Peacock Alley Service Company, LLC
100%
United States
PH Hotel GP, LLC
100%
United States
PH Hotel Partners, LP
100%
United States
Potter's Bar Palmer House, LLC
100%
United States
Promus Hotel Services, Inc.
100%
United States
Promus Hotels Florida LLC
100%
United States
Promus Hotels LLC
100%
United States
Promus Hotels Minneapolis, Inc.
100%
United States
Promus Hotels Parent LLC
100%
United States
Promus Operating LLC
100%
United States
Promus/FCH Condominium Company, L.L.C.
100%
United States
Promus/FCH Development Company, L.L.C.
100%
United States
Promus/Kingston Development Corporation
100%
United States
PT Hilton International Manage Indonesia
100%
Indonesia
PT. Conrad Management Indonesia
100%
Indonesia
Puckrup Hall Hotel Limited
100%
United Kingdom
Rye Town Tenant Corp.
100%
United States
Sacramento Hotel Partners, LLC
100%
United States
SALC, Inc.
100%
United States
Samantha Hotel LLC
100%
United States
Santa Clara Tenant Corp.
100%
United States
Servicios y Recursos Administrativos Hoteleros S. de R.L. de C.V.
100%
Mexico
SH Investors I, L.P.
100%
United States
Societe d'Exploitation Hoteliere d'Orly EURL
100%
France
Societe d'exploitation Hoteliere La defense SAS
100%
France
Splendid Property Company Limited
100%
United Kingdom
Sunrise Resources (Australia) Pty Ltd
100%
Australia
Tel Aviv Hilton Limited
100%
Israel
Tokyo Bay Hilton Co. Ltd
100%
Japan
Tru Brand Management LLC
100%
United States
UK Leasing Brighton Limited
100%
United Kingdom
UK Leasing Cobham Limited
100%
United Kingdom
UK Leasing Croydon Limited
100%
United Kingdom
UK Leasing East Midlands Limited
100%
United Kingdom
UK Leasing Leeds City Limited
100%
United Kingdom
UK Leasing Leicester Limited
100%
United Kingdom
UK Leasing London Kensington Limited
100%
United Kingdom
UK Leasing Northampton Limited
100%
United Kingdom
UK Leasing Nottingham Limited
100%
United Kingdom
UK Leasing Puckrup Limited
100%
United Kingdom
UK Leasing Watford Limited
100%
United Kingdom
UK Leasing York Limited
100%
United Kingdom
Village Motor Inn
100%
United States
Vista International DE LLC
100%
United States
WA Collection International, LLC
100%
United States
Waldorf=Astoria Management LLC
100%
United States
Washington Hilton, L.L.C.
100%
United States
World Hotels, B.V.
100%
Netherlands
Long Term Debt
Dec. 31, 2017, $6,683,000,000 (including current portion of $46,000,000 and unamortized deferred financing costs and discount of $81,000,000) comprised of:
-- 01 -- $1,000,000,000 4.25% senior notes, due 2024.
-- 02 -- $900,000,000 4.625% senior notes, due 2024.
-- 03 -- $600,000,000 4.875% senior notes, due 2027.
-- 04 -- $3,929,000,000 senior secured term loan facility, bearing interest at LIBOR plus 200 basis points (interest rate was 3.55% at Dec. 31, 2017), due Oct. 2023.
-- 05 -- $233,000,000 capital lease obligations, bearing interest at an average rate of 6.38% at Dec. 31, 2017, due 2021 to 2030.
-- 06 -- $21,000,000 other debt, bearing interest at an average rate of 2.65% at Dec. 31, 2017, due 2018 to 2026.
Line of Credit: Co.'s senior secured credit facility includes a $1,000,000,000 senior secured revolving credit facility (the Revolving Credit Facility). The obligations of Co.'s senior secured credit facility are unconditionally and irrevocably guaranteed by Co. and substantially all of its direct or indirect wholly owned domestic subsidiaries.
In Nov. 2016, Co. amended the Revolving Credit Facility to extend the maturity to Nov. 2021 and incurred $5,000,000 of debt issuance costs. As of Dec. 31, 2017, Co. had $41,000,000 of letters of credit outstanding under its Revolving Credit Facility and a borrowing capacity of $959,000,000.
Capital Structure
Abbreviation
Description
Structure Type
Exchange
Ticker
Com (New)
Com (New)
Common
NYS
HLT
Abbreviation
Market Cap
Com (New)
22,088,533,600
Earnings Estimates
Broker Summary
Number of Analysts
21
Number of Buy Recommendations
1
Number of Hold Recommendations
7
Number of Sell Recommendations
0
Ratios and Statistics
EPS Long-Term Growth
23.61
Forward P/E
27.08
PEG
1.15
Average Target Price $82.73
Price Target Raised in the Past 4 Wks - 0 (DOWN) 6 (UP) 0
Price Target Lowered in the Past 4 Wks - 6
Consensus Estimates Summary
2015A
2016A
2017A
Q12018E
Earnings Per Share
2.43
2.68
2.00
-
Revenue
11,272.00
11,663.00
9,140.00
-
EBITDA
2,879.00
2,975.00
1,965.00
-
Q22018E
Q32018E
Q42018E
2018E
Earnings Per Share
-
-
0.69
2.71
Revenue
-
-
2,306.50
8,936.00
EBITDA
-
-
529.00
2,087.00
2019E
2020E
Earnings Per Share
3.20
3.74
Revenue
9,587.00
10,208.00
EBITDA
2,247.00
2,401.09
Pricing Information
Closing Price
As of 02/01/2019 : 74.48
Dividend Yield
0.8056
Earning Per Share(TTM)
4.37
Dividend Per Share(TTM)
0.6
Market Cap(mil)
22,089
52 Week Range
63.82 - 85.97
PE Ratio
17.2009
% Price Change (100 Days)
16.70
Company Financials
Income Statement
Exchange rate used is that of the Year End reported date
There is no Prelims Annual financial information available for this company at present.
Balance Sheet
Exchange rate used is that of the Year End reported date
There is no Prelims Annual financial information available for this company at present.
Cash Flows
Exchange rate used is that of the Year End reported date
There is no Prelims Annual financial information available for this company at present.
Ratios
Exchange rate used is that of the Year End reported date
Profitability Ratios
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ROA % (Net)
6.21
1.34
5.42
2.55
ROE % (Net)
31.59
5.84
26.15
14.77
ROI % (Operating)
10.81
11.11
10.7
9.98
EBITDA Margin %
15.28
18.69
21.11
19.51
Calculated Tax Rate %
(35.91)
71.45
5.43
41.22
Revenue per Employee
56,074
68,823
68,732
66,892
Profitability Ratios
12/31/2013
ROA % (Net)
1.55
ROE % (Net)
12.45
ROI % (Operating)
6.23
EBITDA Margin %
16.55
Calculated Tax Rate %
34.9
Revenue per Employee
64,046
Liquidity Ratios
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Quick Ratio
0.71
0.95
0.65
0.68
Current Ratio
0.9
1.33
1.05
1.11
Net Current Assets % TA
(1.55)
3.33
0.46
0.93
Liquidity Ratios
12/31/2013
Quick Ratio
0.67
Current Ratio
1.11
Net Current Assets % TA
0.91
Debt Management
12/31/2017
12/31/2016
12/31/2015
12/31/2014
LT Debt to Equity
3.16
1.8
1.72
2.43
Total Debt to Equity
3.19
1.83
1.76
2.46
Interest Coverage
3.36
3.22
3.17
2.75
Debt Management
12/31/2013
LT Debt to Equity
2.9
Total Debt to Equity
2.92
Interest Coverage
1.8
Asset Management
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Total Asset Turnover
0.45
0.45
0.43
0.4
Receivables Turnover
8.54
10.83
11.4
11.52
Inventory Turnover
-
8.24
9.61
10.05
Accounts Payable Turnover
27.57
32.67
35.78
33.99
Accrued Expenses Turnover
8.59
10.76
11.31
10.1
Property Plant & Equip Turnover
1.97
1.29
1.36
1.27
Cash & Equivalents Turnover
9.2
11.48
19.19
18.11
Asset Management
12/31/2013
Total Asset Turnover
0.36
Receivables Turnover
11.52
Inventory Turnover
9.56
Accounts Payable Turnover
32.18
Accrued Expenses Turnover
8.87
Property Plant & Equip Turnover
1.07
Cash & Equivalents Turnover
14.43
Per Share
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Cash Flow per Share
2.85
4.09
4.24
4.16
Book Value per Share
6.53
17.91
18.18
14.48
Per Share
12/31/2013
Cash Flow per Share
6.83
Book Value per Share
13.29
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InterContinental Hotels Group Plc
General Company Information
Principal Office
Website
Broadwater Park Denham, GBR
www.ihg.com
Phone
Primary NAICS
(44) 1895 512 000
721110 : Hotels (except Casino Hotels) and Motels
Fax
Closing Stock Price
(44) 1895 512 101
57.71 (as of 01/31/2019)
Auditor
Incorporated
Ernst & Young LLP
May 2004 , United Kingdom
Number of Employees
Mergent Dividend Achiever
6,658 (Average Staff as of 12/31/2017)
No
Country
Number of Shareholders
United Kingdom
512 (ADS) (as of 02/19/2018)
Exchange and Ticker
Annual Meeting
NYS : IHG
In May
Primary SIC
7011 : Hotels and motels
Business Summary
InterContinental Hotels Group is a hotel companies. Co.'s hotel brands are InterContinental Hotels & Resorts, Kimpton Hotels & Restaurants, Hualuxe Hotels & Resorts, Hotel Indigo, EVEN Hotels, Crowne Plaza Hotels & Resorts, Holiday Inn, Holiday Inn Express, Staybridge Suites, Holiday Inn Club Vacations, Holiday Inn Resorts, Candlewood Suites, and Avid Hotels. As of Mar 2 2017, Co.'s had total hotels of 5,348 with 4,433 franchised, 907 managed, eight owned and leased hotels, and 1,655 total hotels in the pipeline.
Company Details
Subsidiaries
SUBSIDIARY NAME
PERCENT OWNED
COUNTRY
Subsidiaries
Fully Owned Subsidiaries
IHG Management d.o.o. Beograd
100%
Serbia
24th Street Operator Sub, LLC
100%
United States
36th Street IHG Sub, LLC
100%
United States
426 Main Ave LLC
100%
United States
46 Nevins Street Associates LLC
100%
United States
2250 Blake Street Hotel, LLC
100%
United States
Allegro Management LLC
100%
United States
Alpha Kimball Hotel LLC
100%
United States
American Commonwealth Assurance Company Limited
100%
Bermuda
Asia Pacific Holdings Limited
100%
-
Barclay Operating Corp.
100%
United States
BHMC Canada Inc.
100%
Canada
BHR Holdings B.V.
100%
Netherlands
BHR Luxembourg SARL
100%
Luxembourg
BHR Pacific Holdings, Inc.
100%
United States
BHTC Canada Inc.
100%
Canada
BOC Barclay Sub LLC
100%
United States
Bristol Oakbrook Tenant Company
100%
United States
Cafe Biarritz
100%
-
Cambridge Lodging LLC
100%
United States
Capital Lodging LLC
100%
United States
Compania Inter-Continental De Hoteles El Salvador SA
100%
-
Crowne Plaza Amsterdam (Management) B.V.
100%
Netherlands
Crowne Plaza LLC
100%
United States
Cumberland Akers Hotel LLC
100%
United States
Dunwoody Operations, Inc.
100%
United States
Edinburgh IC Limited
100%
-
EVEN Real Estate Holding LLC
100%
-
General Innkeeping Acceptance Corporation
100%
United States
Guangzhou SC Hotels Services Ltd.
100%
China (Peoples Rep. Of)
H.I. (Ireland) Limited
100%
Ireland
HI Sugarloaf, LLC
100%
United States
Hale International Ltd.
100%
British Virgin Islands
HC International Holdings, Inc
100%
United States
HH France Holdings SAS
100%
France
HH Hotels (EMEA) BV
100%
Netherlands
HH Hotels (Romania) SRL
100%
Romania
HIM (Aruba) NV
100%
Aruba
Hoft Properties LLC
100%
United States
Holiday Hospitality Franchising, LLC
100%
United States
Holiday Inn Mexicana S.A. de C.V.
100%
Mexico
Holiday Inns (China) Ltd
100%
Hong Kong
Holiday Inns (Chongqing), Inc.
100%
United States
Holiday Inns (Courtalin) Holdings SAS
100%
France
Holiday Inns (Courtalin) SAS
100%
France
Holiday Inns (England) Ltd.
100%
-
Holiday Inns (Germany) LLC
100%
United States
Holiday Inns (Guangzhou), Inc.
100%
United States
Holiday Inns (Jamaica) Inc.
100%
United States
Holiday Inns (Malaysia) Ltd.
100%
Hong Kong
Holiday Inns (Middle East) Ltd
100%
Hong Kong
Holiday Inns (Philippines), Inc.
100%
United States
Holiday Inns (Saudi Arabia), Inc.
100%
United States
Holiday Inns (South East Asia) Inc.
100%
United States
Holiday Inns (Thailand) Ltd.
100%
Hong Kong
Holiday Inns (UK), Inc.
100%
United States
Holiday Inns Crowne Plaza (Hong Kong), Inc.
100%
United States
Holiday Inns Holdings (Australia) Pty Ltd.
100%
Australia
Holiday Inns Inc.
100%
United States
Holiday Inns Investment (Nepal) Ltd.
100%
Hong Kong
Holiday Inns of America (UK) Ltd.
100%
-
Holiday Inns of Belgium NV
100%
Belgium
Holiday Pacific Equity Corporation
100%
United States
Holiday Pacific LLC
100%
United States
Holiday Pacific Partners, LP
100%
United States
Hotel InterContinental London (Holdings) Limited
100%
-
Hotel Inter-Continental London Limited
100%
-
Hoteles Y Turismo HIH Srl
100%
-
IC Hotelbetriebsfuhrungs GmbH
100%
Austria
IC Hotels Management (Portugal) Unipessoal, Lda
100%
Portugal
IC International Hotels Limited Liability Company
100%
Russia
IHC (Thailand) Limited
100%
Thailand
IHC Buckhead LLC
100%
United States
IHC Edinburgh (Holdings)
100%
-
IHC Hopkins (Holdings) Corp.
100%
United States
IHC Hotel Limited
100%
-
IHC Inter-Continental (Holdings) Corp.
100%
United States
IHC London (Holdings)
100%
-
IHC May Fair (Holdings) Ltd.
100%
-
IHC May Fair Hotel Limited
100%
-
IHC M-H (Holdings) Corp.
100%
United States
IHC Overseas (U.K.) Limited
100%
United States
IHC UK (Holdings) Limited
100%
-
IHC United States (Holdings) Corp.
100%
United States
IHC Willard (Holdings) Corp.
100%
United States
IHG (Australasia) Limited
100%
Singapore
IHG (Marseille) SAS
100%
France
IHG (Thailand) Limited
100%
Thailand
IHG Bangkok Ltd
100%
British Virgin Islands
IHG Brasil Administracao de Hoteis e Servicos Ltda
100%
Brazil
IHG Commission Services SRL
100%
Barbados
IHG Community Development, LLC
100%
United States
IHG Cyprus Limited
100%
Cyprus
IHG de Argentina SA
100%
Argentina
IHG ECS (Barbados) SRL
100%
Barbados
IHG Franchising Brasil Ltda
100%
Brazil
IHG Franchising DR Corporation
100%
United States
IHG Franchising LLC
100%
United States
IHG Hotels (New Zealand) Limited
100%
New Zealand
IHG Hotels Limited
100%
-
IHG Hotels Management (Australia) Pty Limited
100%
Australia
IHG Hotels Nigeria Limited
100%
Nigeria
IHG Hotels South Africa (Pty) Ltd
100%
South Africa
IHG International Partnership
100%
-
IHG Istanbul Otel Yönetim Limited Sirketi
100%
Turkey
IHG Japan (Management) LLC
100%
Japan
IHG Japan (Osaka) LLC
100%
Japan
IHG Management (Maryland) LLC
100%
United States
IHG Management (Netherlands) B.V.
100%
Netherlands
IHG Management MD Barclay Sub LLC
100%
United States
IHG Management SL d.o.o
100%
Slovenia
IHG Orchard Street Member, LLC
100%
United States
IHG PS Nominees Limited
100%
-
IHG Systems Pty Ltd
100%
Australia
IHG Szalloda Budapest Szolgaltato Kft
100%
Hungary
IND East Village SD Holdings LLC
100%
United States
InterContinental Berlin Service Company GmbH
100%
Germany
InterContinental (Branston) 1 Ltd
100%
-
InterContinental (PB) 1
100%
-
InterContinental (PB) 2 Limited
100%
-
InterContinental (PB) 3 Limited
100%
-
InterContinental Brasil Administracao de Hoteis Ltda
100%
Brazil
Intercontinental D.C. Operating Corp.
100%
United States
Inter-Continental Florida Investment Corp.
100%
United States
Inter-Continental Florida Partner Corp.
100%
United States
InterContinental Gestion Hotelera S.L.
100%
Spain
Intercontinental Hospitality Corporation
100%
United States
InterContinental Hotel Berlin GmbH
100%
Germany
InterContinental Hotel Duesseldorf GmbH
100%
Germany
Inter-Continental Hoteleira Limitada
100%
Brazil
Inter-Continental Hotels (Montreal) Operating Corp.
100%
Canada
Inter-Continental Hotels (Montreal) Owning Corp.
100%
Canada
InterContinental Hotels (Puerto Rico) Inc
100%
Puerto Rico
Inter-Continental Hotels (Singapore) Pte Ltd
100%
Singapore
Inter-Continental Hotels Corporation
100%
United States
InterContinental Hotels Corporation de Venezuela C.A.
100%
Venezuela
Intercontinental Hotels Corporation Limited
100%
Bermuda
InterContinental Hotels Group (Asia Pacific) Pte. Ltd.
100%
Singapore
InterContinental Hotels Group (Australia) Pty Limited
100%
Australia
InterContinental Hotels Group (Canada) Inc.
100%
Canada
InterContinental Hotels Group (Espana) SA
100%
Spain
InterContinental Hotels Group (Greater China) Limited
100%
Hong Kong
InterContinental Hotels Group (India) Private Limited
100%
India
InterContinental Hotels Group (Japan) Inc.
100%
United States
InterContinental Hotels Group (New Zealand) Limited
100%
New Zealand
InterContinental Hotels Group (Shanghai) Ltd
100%
China (Peoples Rep. Of)
InterContinental Hotels Group Customer Services Ltd.
100%
-
InterContinental Hotels Group do Brasil Limitada
100%
Brazil
InterContinental Hotels Group Healthcare Trustee Ltd
100%
-
InterContinental Hotels Group Operating Corp.
100%
United States
InterContinental Hotels Group Resources Inc.
100%
United States
InterContinental Hotels Group Services Company
100%
-
InterContinental Hotels Italia, SrL
100%
Italy
InterContinental Hotels Limited
100%
-
InterContinental Hotels Management GmbH
100%
Portugal
InterContinental Hotels Nevada Corporation
100%
United States
Intercontinental Hotels of San Francisco, Inc.
100%
United States
Inter-Continental IOHC (Mauritius) Limited
100%
Mauritius
Inter-Continental Management (Australia) Pty Limited
100%
Australia
InterContinental Management AM LLC
100%
Armenia
InterContinental Management Bulgaria EOOD
100%
Bulgaria
InterContinental Management France SAS
100%
France
InterContinental Management Poland sp. z.o.o
100%
Poland
Intercontinental Overseas Holding Corporation
100%
United States
KG Benefits LLC
100%
United States
KG Gift Card Inc.
100%
United States
KG Liability LLC (US)
100%
United States
KG Technology, LLC
100%
United States
KHP Washington Operator LLC
100%
United States
KHRG 11th Avenue Hotel LLC
100%
United States
KHRG 851 LLC (US)
100%
United States
KHRG Aertson LLC
100%
United States
KHRG Alexandria LLC
100%
United States
KHRG Alexis, LLC
100%
United States
KHRG Allegro, LLC
100%
United States
KHRG Argyle, LLC
100%
United States
KHRG Austin Beverage Company, LLC
100%
United States
KHRG Baltimore, LLC
100%
United States
KHRG Born LLC
100%
United States
KHRG Boston Hotel, LLC
100%
United States
KHRG Canary LLC
100%
United States
KHRG Cayman LLC
100%
United States
KHRG Cayman Employer Ltd.
100%
United States
KHRG DC 1731 LLC
100%
United States
KHRG DC 2505 LLC
100%
United States
KHRG Donovan LLC
100%
United States
KHRG Employer, LLC
100%
United States
KHRG Goleta LLC
100%
United States
KHRG Gray LLC
100%
United States
KHRG Gray U2 LLC
100%
United States
KHRG Hillcrest, LLC
100%
United States
KHRG Huntington Beach LLC
100%
United States
KHRG King Street, LLC
100%
United States
KHRG La Peer LLC
100%
United States
KHRG Miami Beach LLC
100%
United States
KHRG Muse LLC
100%
United States
KHRG NPC LLC
100%
United States
KHRG Onyx LLC
100%
United States
KHRG Palladian LLC
100%
United States
KHRG Palomar Phoenix LLC
100%
United States
KHRG Philly Monaco LLC
100%
United States
KHRG Pittsburgh LLC
100%
United States
KHRG Reynolds LLC
100%
United States
KHRG Riverplace LLC
100%
United States
KHRG Sacramento LLC
100%
United States
KHRG Savannah LLC
100%
United States
KHRG Schofield LLC
100%
United States
KHRG Sedona LLC
100%
United States
KHRG SFD LLC
100%
United States
KHRG State Street LLC
100%
United States
KHRG Sutter LLC
100%
United States
KHRG Sutter Union LLC
100%
United States
KHRG Taconic LLC
100%
United States
KHRG Tariff LLC
100%
United States
KHRG Texas Hospitality, LLC
100%
United States
KHRG Texas Operations, LLC
100%
United States
KHRG Tryon LLC
100%
United States
KHRG Vero Beach, LLC
100%
United States
KHRG Vintage Park LLC
100%
United States
KHRG VZ Austin LLC
100%
United States
KHRG Wabash LLC
100%
United States
KHRG Westwood, LLC
100%
United States
KHRG Wilshire LLC
100%
United States
KHRG WPB LLC
100%
United States
KHRG Zamora LLC
100%
United States
Kimpton Hollywood Licenses LLC
100%
United States
Kimpton Hotel & Restaurant Group, LLC
100%
United States
Kimpton Phoenix Licenses Holdings LLC
100%
United States
Kimpton Sedona Licenses LLC
100%
United States
Louisiana Acquisitions Corp.
100%
United States
Mercer Fairview Holdings LLC
100%
United States
MH Lodging LLC
100%
United States
PML Services LLC
100%
United States
Pollstrong Limited
100%
-
Powell Pine, Inc.
100%
United States
Priscilla Holliday of Texas, Inc.
100%
United States
PT SC Hotels & Resorts Indonesia
100%
Indonesia
Resort Services International (Cayo Largo), L.P., S.E.
100%
United States
RM Lodging LLC
100%
United States
SBS Maryland Beverage Company LLC
100%
United States
SC Cellars Limited
100%
-
SC Hotels International Services, Inc.
100%
United States
SC Leisure Group Limited
100%
-
SC NAS 2 Limited
100%
-
SC Quest Limited
100%
-
SC Reservations (Philippines) Inc
100%
United States
SCH Insurance Company
100%
United States
SCIH Branston 3
100%
-
Semiramis for training of Hotel Personnel and Hotel Management SAE
100%
Egypt
SF MH Acquisition LLC
100%
United States
Six Continents Corporate Services
100%
-
Six Continents Holdings Limited
100%
-
Six Continents Hotels de Colombia SA
100%
Colombia
Six Continents Hotels International Limited
100%
-
Six Continents Hotels, Inc.
100%
United States
Six Continents International Holdings B.V.
100%
Netherlands
Six Continents Investments Limited
100%
-
Six Continents Limited
100%
-
Six Continents Overseas Holdings Limited
100%
-
Six Continents Restaurants Limited
100%
-
SixCo North America, Inc.
100%
United States
Solamar Lodging LLC
100%
United States
Southern Pacific Hotel Corporation (BVI) Ltd.
100%
British Virgin Islands
Southern Pacific Hotels Properties Limited
100%
British Virgin Islands
SPHC Group Pty Ltd.
100%
Australia
SPHC Management Ltd.
100%
Papua New Guinea
Universal de Hoteles SA
100%
Colombia
White Shield Insurance Company Limited
100%
Gibraltar
Subsidiaries Where The Effective Interest Is Less Than 10%
H.I. Soaltee Management Company Ltd
76.50%
Hong Kong
IHG ANA Hotels Group Japan LLC
74.66%
Japan
IHG ANA Hotels Holdings Co., Ltd.
66.00%
Japan
World Trade Centre Montreal Hotel Corporation
74.11%
Canada
Associates & Joint Ventures
Associates & Joint Ventures
111 East 48th Street Holdings LLC
19.90%
United States
Alkoer, S. de R.L. de C.V.
50.00%
Mexico
BCRE IHG 180 Orchard Holdings LLC
49.00%
United States
Beijing Orient Express Hotel Co., Ltd.
16.24%
China (Peoples Rep. Of)
Blue Blood (Tianjin) Equity Investment Management Co., Limited
30.05%
China (Peoples Rep. Of)
Carr Clark SWW Subventure, LLC
26.67%
United States
Carr Waterfront Hotel, LLC
11.46%
United States
China Hotel Investment Limited
30.05%
Barbados
Desarrollo Alkoer Irapuato S. de R.L. de C.V.
50.00%
Mexico
Desarrollo Alkoer Silao S. de R.L. de C.V.
50.00%
Mexico
Gestion Hotelera Gestel, C.A
50.00%
Venezuela
H.I. Soaltee Hotel Company Private Ltd
33.40%
Nepal
Hotel JV Services LLC
16.67%
United States
Inter-Continental Hotels Saudi Arabia Limited
40.00%
Saudi Arabia
NF III Seattle, LLC
25.00%
United States
Nuevas Fronteras S.A.
23.66%
Argentina
Panacon
33.33%
United States
President Hotel & Tower Co Ltd.
30.00%
Thailand
Tianjin ICBCI IHG Equity Investment Fund Management Co., Limited
21.04%
China (Peoples Rep. Of)
Long Term Debt
Dec. 31, 2017, US$2,019,000,000 (including current portion of US$126,000,000) comprised of:
-- 01 -- US$110,000,000 bank overdrafts.
-- 02 -- US$262,000,000 unsecured bank loans, bearing interest at a variable rate of 2.15% as of Dec. 31, 2017, maturing in Mar. 2022.
-- 03 -- US$231,000,000 finance lease obligations.
-- 04 -- US$1,416,000,000 bonds, bearing interest at rates from 2.125% to 3.875%, maturing 2022-2026.
Line of Credit: As of Dec. 31, 2017, Co. had available unutilized committed and uncommitted credit facilities in the amount of US$1,155,000,000.
Capital Structure
Abbreviation
Description
Common
ordinary
ADR
American Depositary Receipts
Ord GBP 0.208521303
Ord GBP 0.208521303
Abbreviation
Structure Type
Exchange
Ticker
Common
common
LON
IHG
ADR
American Depositary Receipt
NYS
IHG
Ord GBP 0.208521303
Ordinary
NBB
ICHG F
Abbreviation
Market Cap
Common
ADR
Ord GBP 0.208521303
10,838,378,529
Earnings Estimates
Broker Summary
Details not available.
Ratios and Statistics
EPS Long-Term Growth
9.30
Forward P/E
18.86
PEG
2.03
Average Target Price $54
Price Target Raised in the Past 4 Wks - 0 (DOWN) 0 (UP) 0
Price Target Lowered in the Past 4 Wks - 0
Consensus Estimates Summary
2015A
2016A
2017A
Q12018E
Earnings Per Share
2.28
2.21
2.56
-
Revenue
1,803.00
1,715.00
1,784.00
-
EBITDA
776.00
774.00
862.00
-
Q22018E
Q32018E
Q42018E
2018E
Earnings Per Share
-
-
-
3.03
Revenue
-
-
-
1,902.00
EBITDA
-
-
-
888.00
2019E
2020E
Earnings Per Share
3.28
-
Revenue
1,997.30
-
EBITDA
986.60
-
Pricing Information
Closing Price
As of 02/01/2019 : 57.71
Dividend Yield
N/A
Earning Per Share(TTM)
3.067
Dividend Per Share(TTM)
0.325
Market Cap(mil)
0
52 Week Range
53.52 - 70.88
PE Ratio
26.293
% Price Change (100 Days)
7.84
Company Financials
Income Statement
Exchange rate used is that of the Year End reported date
Prelims Annual Income Statement
Report Date
12/31/2017
12/31/2016
12/31/2015
Currency
USD
USD
USD
Audit Status
Not Qualified
Not Qualified
Not Qualified
Consolidated
Yes
Yes
Yes
Scale
Millions
Millions
Millions
Total revenues
1,784
1,715
1,803
Cost of goods sold
608
580
640
Selling, general & administrative expense
379
352
420
Total restructuring, impairments, write-offs & other expense
-
13
-
Impairment of tangible assets
-
16
-
Impairment of intangible assets
-
-
-
Special charges/unusual items
4
-
(819)
Operating income
763
678
1,499
Income from cont operations before income tax
678
591
1,412
Income from continuing operations
593
417
-
Discontinued operations
-
-
-
Net income (consolidated)
592
414
1,222
Weighted average shares outstanding
193
212
235
Weighted average shares outstanding-diluted
194
214
238
Earnings per share from continuing operations
-
-
-
Earnings per share-total discontinued opers
-
-
-
Earnings per share-net income
3.067
1.95
5.2
Earnings per share from continuing operations
-
-
-
Earning per share-total discont opers-diluted
-
-
-
Earnings per share - net income-diluted
3.052
1.935
5.134
Dividends per common share
-
-
0.795
Report Date
12/31/2014
12/31/2013
12/31/2010
Currency
USD
USD
USD
Audit Status
Not Qualified
Not Qualified
Not Qualified
Consolidated
Yes
Yes
Yes
Scale
Millions
Millions
Millions
Total revenues
1,858
1,903
1,628
Cost of goods sold
741
784
753
Selling, general & administrative expense
483
541
303
Total restructuring, impairments, write-offs & other expense
-
-
-
Impairment of tangible assets
-
-
-
Impairment of intangible assets
-
-
7
Special charges/unusual items
-
-
-
Operating income
680
673
459
Income from cont operations before income tax
600
600
397
Income from continuing operations
-
-
291
Discontinued operations
-
-
2
Net income (consolidated)
391
372
293
Weighted average shares outstanding
247
243.692
265.94
Weighted average shares outstanding-diluted
250
246.462
273.194
Earnings per share from continuing operations
-
-
1.094
Earnings per share-total discontinued opers
-
-
0.008
Earnings per share-net income
1.583
1.526
1.102
Earnings per share from continuing operations
-
-
1.065
Earning per share-total discont opers-diluted
-
-
0.008
Earnings per share - net income-diluted
1.564
1.509
1.073
Dividends per common share
3.65
-
-
Balance Sheet
Exchange rate used is that of the Year End reported date
Prelims Annual Balance Sheet
Report Date
12/31/2017
12/31/2016
12/31/2015
Currency
USD
USD
USD
Audit Status
Not Qualified
Not Qualified
Not Qualified
Consolidated
Yes
Yes
Yes
Scale
Millions
Millions
Millions
Total assets
3,175
2,927
3,769
Stockholders' equity
(858)
(767)
309
Report Date
12/31/2014
12/31/2013
12/31/2010
Currency
USD
USD
USD
Audit Status
Not Qualified
Not Qualified
Not Qualified
Consolidated
Yes
Yes
Yes
Scale
Millions
Millions
Millions
Total assets
2,818
2,953
2,776
Stockholders' equity
(725)
(82)
284
Cash Flows
Exchange rate used is that of the Year End reported date
There is no Prelims Annual financial information available for this company at present.
Ratios
Exchange rate used is that of the Year End reported date
Profitability Ratios
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ROA % (Net)
19.4
12.33
37.1
13.55
ROE % (Net)
AvgEqty<0
AvgEqty<0
AvgEqty<0
AvgEqty<0
ROI % (Operating)
72.46
46.31
101.8
62.59
EBITDA Margin %
39.97
41.63
85.36
39.07
Calculated Tax Rate %
12.54
29.44
13.31
34.67
Revenue per Employee
267,948
259,650
246,615
238,297
Profitability Ratios
12/31/2013
ROA % (Net)
11.97
ROE % (Net)
329.2
ROI % (Operating)
48.61
EBITDA Margin %
38.05
Calculated Tax Rate %
37.67
Revenue per Employee
232,669
Liquidity Ratios
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Quick Ratio
0.51
0.55
1.1
0.57
Current Ratio
0.64
0.69
1.17
0.66
Net Current Assets % TA
(14.65)
(12.16)
6.29
(11.32)
Liquidity Ratios
12/31/2013
Quick Ratio
0.62
Current Ratio
0.72
Net Current Assets % TA
(7.72)
Debt Management
12/31/2017
12/31/2016
12/31/2015
12/31/2014
LT Debt to Equity
Equity<0
Equity<0
4.01
Equity<0
Total Debt to Equity
Equity<0
Equity<0
5.39
Equity<0
Interest Coverage
99.68
7.79
17.23
8.4
Debt Management
12/31/2013
LT Debt to Equity
Equity<0
Total Debt to Equity
Equity<0
Interest Coverage
9.09
Asset Management
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Total Asset Turnover
0.58
0.51
0.55
0.64
Receivables Turnover
4.11
4.41
4.77
5.08
Inventory Turnover
202.67
193.33
213.33
211.71
Accounts Payable Turnover
20.39
18.9
20.61
20.09
Accrued Expenses Turnover
4.74
4.91
5.04
5.46
Property Plant & Equip Turnover
4.23
4.04
3.08
1.95
Cash & Equivalents Turnover
9.54
2.55
2.78
12.55
Asset Management
12/31/2013
Total Asset Turnover
0.61
Receivables Turnover
5.29
Inventory Turnover
196
Accounts Payable Turnover
17.79
Accrued Expenses Turnover
5.95
Property Plant & Equip Turnover
1.71
Cash & Equivalents Turnover
11.57
Per Share
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Cash Flow per Share
3.28
3.54
2.67
2.2
Book Value per Share
(4.52)
(3.88)
1.31
(2.92)
Per Share
12/31/2013
Cash Flow per Share
2.56
Book Value per Share
(0.33)
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Marriott International, Inc.
General Company Information
Principal Office
Website
10400 Fernwood Road Bethesda, MD 20817 USA
www.marriott.com
Phone
Primary NAICS
301 380-3000
721110 : Hotels (except Casino Hotels) and Motels
Auditor
Closing Stock Price
Ernst & Young LLP
114.53 (as of 01/31/2019)
Number of Employees
Incorporated
177,000 (Approximate Full-Time as of 12/31/2017)
1998 , DE, United States
Country
Mergent Dividend Achiever
United States
No
Exchange and Ticker
Number of Shareholders
NMS : MAR
37,663 (as of 02/02/2018)
Primary SIC
7011 : Hotels and motels
Business Summary
Marriott International is an operator, franchisor, and licensor of hotels, residential and timeshare properties. Co.'s Luxury hotel brands include JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St. Regis, EDITION, and Bulgari. Co.'s Premium hotel brands include Marriott Hotels, Sheraton, Westin, Renaissance, Le Meridien, Autograph Collection, Delta Hotels, Gaylord Hotels, Marriott Executive Apartments, Marriott Vacation Club, Tribute Portfolio, and Design Hotels. Co.'s Select hotel brands include Courtyard, Residence Inn, Fairfield Inn & Suites, SpringHill Suites, Four Points, TownePlace Suites, Aloft, AC Hotels by Marriott, Protea Hotels, Element, and Moxy.
Company Details
Subsidiaries
SUBSIDIARY NAME
PERCENT OWNED
COUNTRY
Subsidiaries
Subsidiaries
1367357 Alberta ULC
100%
Canada
14 East Fifty-Fifth Air Parcel, LLC
100%
United States
14 East Fifty-Fifth Street New York LLC
100%
United States
15MR Ltd.
100%
Hong Kong
1640054 Alberta ULC
100%
Cambodia
225 Liquor Licensee, LLC
100%
United States
315 East Dean Street Aspen LLC
100%
United States
333 International, Inc
100%
United States
3387 Lenox Road LLC
100%
United States
520 Canal Street Limited Partnership
100%
United States
6106 East Camelback LLC
100%
United States
697 Fifth Avenue New York LLC
100%
United States
909 North Michigan Avenue Corporation
100%
United States
9701 Collins Avenue, LLC
100%
United States
Aberdeen Hotel Limited
100%
United States
AC Management Company of USA, Inc.
100%
United States
ACHM Gerenciamento Internacional de Hoteis do Brasil Ltda.
100%
Brazil
ACHM Global Hospitality Licensing S.à r.l.
100%
Luxembourg
ACHM International Management Company (French Branch)
100%
France
ACHM International Management Company S.a.r.l. (Panama Branch)
100%
Panama
ACHM International Management Company S.àr.l.
100%
Luxembourg
Adamar International Lodging, Ltd.
100%
Bermuda
Administracion de Empresas Starwood S. de R.L. de C.V.
100%
Mexico
Aeropuerto Shareholder, Inc.
100%
United States
Aloft Hotel Management, Inc.
100%
United States
Aloft International Hotel Management, Inc.
100%
United States
Alpha Steam Acquisition, LLC
100%
United States
Alphaventure Music Publishing Corp.
100%
United States
Alstar Operating LLC
100%
United States
Alstar Realty LLC
100%
United States
AP Arabella (Pty) Ltd
100%
South Africa
AP Mount Grace (Pty) Limited
100%
South Africa
Atlanta Acquisition LLC
100%
United States
Atlanta TPP LLC
100%
United States
Bal Harbour Hotel LLC
100%
United States
Baltic Investment Company, LLC
100%
United States
Baltimore Marriott Inner Harbor, L.L.C.
100%
United States
Barton Limited
100%
Fiji
BCN Hotel Management Company, S.L.
100%
Spain
Beijing International Club Co. Ltd
100%
China (Peoples Rep. Of)
Berlin Marriott Hotelmanagement GmbH
100%
Germany
Betaventure Music Publishing Corp.
100%
United States
Blue Marble Co., Inc.
100%
United States
Bonmont Golf Hotel & Spa SL
100%
Spain
Boston Convention Associates, LLC
100%
United States
Branch of the private limited liability company "Luxury Hotels International Management Company B.V."
100%
Russia
Caledonia Development & Management N.V.
100%
Aruba
Caledonia Properties N.V.
100%
Aruba
Camelback Country Club, Inc.
100%
United States
Camelback Properties Inn, Inc.
100%
United States
Canal Street Holdings, Inc.
100%
United States
Capitol Employment Services, LLC
100%
United States
Carpstar/Jordan Development LLC
100%
United States
CBM Annex, Inc.
100%
United States
CCHPR Holding LLC
100%
Puerto Rico
CCHPR Hospitality LLC
100%
Puerto Rico
Centerline Georgia Investor LLC
100%
United States
Charleston Marriott, LLC
100%
United States
Chesham Hotels Ltd.
100%
Liechtenstein
Cheshunt Hotel Operating Company Limited
100%
United Kingdom
Chicago Hotel Services, LLC
100%
United States
CIGA Gestioni SRL
100%
Italy
CIGA Hotels GmbH
100%
Austria
CIGA Immobiliare BV
100%
Netherlands
CIGA International Management B.V.
100%
Netherlands
CIGA SRL
100%
Italy
Cigahotels Espana SL
100%
Spain
City Center Annex Tenant Corporation
100%
United States
Columbia Courtyard, Inc.
100%
United States
Companhia Palmares Hoteis E. Turismo S.A.
100%
Brazil
Consolidated Hotels Limited
100%
Hong Kong
Constellation Real Technologies LLC
100%
United States
Corporacion Habitacional Mexicana, S. de R.L. de C.V.
100%
United States
Corporate General, Inc.
100%
United States
Courtyard Management Corporation
100%
United States
CS&M Associates
100%
United States
CTYD III Corporation
100%
United States
Culinary Concepts (Abu Dhabi) LLC
100%
United States
Culinary Concepts (Atlanta Buckhead) LLC
100%
United States
Culinary Concepts (Atlanta Midtown) LLC
100%
United States
Culinary Concepts (Bal Harbour) LLC
100%
United States
Culinary Concepts (BB Puerto Rico) LLC
100%
United States
Culinary Concepts (Boston) LLC
100%
United States
Culinary Concepts (Cairo) LLC
100%
United States
Culinary Concepts (Doha) LLC
100%
United States
Culinary Concepts (Dubai) LLC
100%
United States
Culinary Concepts (Leicester Square) Ltd.
100%
United Kingdom
Culinary Concepts (Mexico City) LLC
100%
United States
Culinary Concepts (Park City) LLC
100%
United States
Culinary Concepts (Phoenician) LLC
100%
United States
Culinary Concepts (Princeville) LLC
100%
United States
Culinary Concepts (Vancouver) LLC
100%
United States
Culinary Concepts (Washington) LLC
100%
United States
Culinary Concepts Hospitality Group, LLC
100%
United States
Culinary Concepts Torre Libertad, S. de R.L. de C.V.
100%
Mexico
CWT Savannah Club, LLC
100%
United States
CWT Savannah Holdings, LLC
100%
United States
CWT Savannah Hotel, LLC
100%
United States
Delta Hotels Services Limited
100%
Canada
Design Hotels AG
100%
Germany
Destination Services of Scottsdale LLC
100%
United States
Detroit CY, LLC.
100%
United States
Detroit Hotel Services, LLC
100%
United States
Detroit MHS, LLC
100%
United States
Detroit Starwood, LLC
100%
United States
Dominican Hotels (B.V.I.) Ltd.
100%
British Virgin Islands
Dubbo Limited
100%
Fiji
Edison Hotel Associates LP
100%
United States
Edison TPP LLC
100%
United States
EDITION Management LLC
100%
United States
Elan Hotel Beverage Corporation
100%
United States
Empresa de Servicios Hoteleros Punta Mita, S.A. de C.V.
100%
Mexico
Empresa de Servicios Reforma 325, S. de R.L. de C.V.
100%
Macao
Emstar Operating LLC
100%
United States
Emstar Realty LLC
100%
United States
Essex House Condominium Corporation
100%
United States
F. L. Insurance Corporation
100%
United States
Fairfield FMC, LLC
100%
United States
Farleigh Limited
100%
Fiji
FCH/SH Leasing II, LLC
100%
United States
Fesdhu Holdings Pvt. Ltd.
100%
United States
Fifth Avenue Hotel Suites, LLC
100%
United States
Fiji Cayman Holdings
100%
Cayman Islands
FOH Holdco, LLC
100%
United States
Franchise and License (Canadian) Ops Limited Partnership
100%
Canada
Franchise System Holdings, Inc.
100%
United States
Frankfurt Marriott Hotelmanagement GmbH
100%
Germany
French Quarter TPP LLC
100%
United States
Furgana Holdings Pvt. Ltd.
100%
Maldives
Galaxy Hotel Systems LLC
100%
United States
Gambits, A Nonprofit Corporation (Incorporated Club)
100%
United States
Gateway Beverages, Inc.
100%
United States
Geyex International NV
100%
Netherlands
GH Hotel Operating Company Limited
100%
United Kingdom
Global Connextions LLC
100%
United States
Global Hospitality Licensing S.à r.l.
100%
Luxembourg
Goldener Hirsch GmbH
100%
Austria
Granton International, Ltd.
100%
British Virgin Islands
Graz Marriott Hotelmanagement GmbH
100%
Austria
Guangzhou Gingerroot Information Technology Co.. Ltd
100%
China (Peoples Rep. Of)
Guangzhou Starwood Customer Contact Centre Co., Ltd.
100%
China (Peoples Rep. Of)
Hamburg Marriott Hotelmanagement GmbH
100%
Germany
Headquarters Hotel Management, LLC
100%
United States
Heidelberg Marriott Hotelmanagement GmbH
100%
Germany
Horton Plaza TPP LLC
100%
United States
Hospitality International, Inc.
100%
United States
Host Restaurants, Inc.
100%
United States
HOT Finance Luxembourg Sarl
100%
Luxembourg
HOT Finance Luxembourg, LLC
100%
United States
HOT Global Holding SCS
100%
Luxembourg
HOT International Finance Sarl
100%
Luxembourg
HOT International Holding Sarl
100%
Luxembourg
HOT Luxembourg Holding Sarl
100%
Luxembourg
HOT Ventures LLC
100%
United States
Hotel Gym Ventures, LLC
100%
United States
Hotel Internacional Iguazu SA
100%
Argentina
Hotel Investors of Michigan, Inc.
100%
United States
Hotel Investors of Nebraska, Inc.
100%
United States
Hotel Macenas SL
100%
Spain
Hotel Roissy Terminal Immobilier SA
100%
France
Hotelera Santa Magdalena SA
100%
Chile
Hoteles Argentinos SA
100%
Argentina
Hoteles Sheraton de Argentina SAC
100%
Argentina
Hoteles Sheraton del Peru SA
100%
Peru
Hoteles Sheraton, S. de R.L. de C.V.
100%
Mexico
Houston Galleria TPP LLC
100%
United States
Houston Oaks TPP LLC
100%
United States
Hudson Sheraton Corporation LLC
100%
United States
Hunt Valley Courtyard, Inc.
100%
United States
IDF Enterprises LLC
100%
United States
Immobilaria Emar S.A. de C.V.
100%
Mexico
Imperial B.V.
100%
Netherlands
Imperial Holding B.V.
100%
Netherlands
Imperial Hotels Austria GmbH
100%
Austria
Indo-Pacific Sheraton (Netherland Antilles) N.V.
100%
Netherlands
Indo-Pacific Sheraton Limited
100%
Hong Kong
Inter-Heritage (M) Sdn. Bhd.
100%
Malaysia
International Hotel Licensing Company S.à r.l
100%
Switzerland
International Hotel Licensing Company S.àr.l.
100%
Luxembourg
International Luxury Hotels (Singapore) Pte. Limited
100%
Singapore
Inversiones ECA, S.A. de C.V.
100%
Mexico
ITT Corporation Excess Savings/Deferred Compensation Trust
100%
United States
ITT Corporation Split Dollar Life/Death Benefits Trust
100%
United States
ITT Corporation VEBA
100%
United States
JG's Vancouver Market, Inc.
100%
Canada
Kansas Hospitality Services, Inc.
100%
United States
KB Hotel Operator Inc.
100%
United States
Koorshevel Ltd.
100%
Israel
KW Beach Suites Limited Partnership
100%
United States
Land Holding Co. SRL
100%
Italy
LAX Properties, LLC
100%
United States
Le Centre Sheraton Limited Partnership
100%
Canada
Leipzig Marriott Hotelmanagement GmbH
100%
United States
LF, South Beach, LLC
100%
United States
LHI Rwanda Ltd
100%
Rwanda
Limited Liability Company "CYBM Voznesenkiy Hotel Leasing"
100%
Russia
Limited Liability Company "Renaissance Samara Hotel Leasing"
100%
Russia
Limited Liability Company "Renaissance St. Petersburg Hotel Leasing"
100%
Russia
Limited Liability Company "St. Petersburg CY Hotel Leasing"
100%
Russia
LM IPCO (Italy) LLC
100%
United States
Lottco I, LLC
100%
United States
Lottco II, LLC
100%
United States
Lux International Hotels N.V.
100%
Netherlands
Luxury China Hotels Limited
100%
Hong Kong
Luxury Dutch Holdings B.V.
100%
Netherlands
Luxury Finance, LLC
100%
United States
Luxury Holding of Luxembourg S.àr.l.
100%
Luxembourg
NewSubsidiary
100%
South Africa
Luxury Hotel Management of Bolivia
100%
Bolivia
Luxury Hotel Management of Czech Republic s.r.o.
100%
Czech Republic
Luxury Hotel Management of Romania S.R.L.
100%
Romania
Luxury Hotels & Resorts (Thailand) Limited
100%
Thailand
Luxury Hotels (Barbados) Limited
100%
Barbados
Luxury Hotels (China) International Management of Hong Kong Limited
100%
Hong Kong
Luxury Hotels Cape Town (Pty) Ltd
100%
South Africa
Luxury Hotels Design & Construction Hong Kong Limited
100%
Hong Kong
Luxury Hotels International (Gabon) SARL
100%
Gabon
Luxury Hotels International Company of Jamaica Limited
100%
Jamaica
Luxury Hotels International Design & Construction Services, Inc.
100%
United States
Luxury Hotels International Lodging Ltd.
100%
Bermuda
Luxury Hotels International Lodging Ltd. (Cayman Islands Branch)
100%
Cayman Islands
Luxury Hotels International Lodging Ltd. (Panama Branch)
100%
Panama
Luxury Hotels International Managemenmt Company B.V. (Voronezh, Russia Branch)
100%
Russia
Luxury Hotels International Management (Bonaire) B.V.
100%
Bosnia & Herzegovina
Luxury Hotels International Management (Oman) LLC
100%
Oman
Luxury Hotels International Management Austria GmbH
100%
Austria
Luxury Hotels International Management Belgium SPRL
100%
Belgium
Luxury Hotels International Management Colombia S.A.S.
100%
Colombia
Luxury Hotels International Management Company B.V.
100%
Netherlands
Luxury Hotels International Management Company B.V. (Azerbaijan Branch)
100%
Azerbaijan
Luxury Hotels International Management Company B.V. (Egypt Branch), formerly known as Marriott Hotels International (Egypt) B.V.
100%
Egypt
Luxury Hotels International Management Company B.V. (El Salvador Branch)
100%
El Salvador
Luxury Hotels International Management Company B.V. (Libya Branch)
100%
Liberia
Luxury Hotels International Management Company B.V. (Malaysia Branch)
100%
Malaysia
Luxury Hotels International Management Company B.V. (Novosibirsk, Russian branch)
100%
Russia
Luxury Hotels International Management Company B.V. (Portuguese Branch)
100%
Portugal
Luxury Hotels International Management Italy Srl.
100%
Italy
Luxury Hotels International Management Mexico, S.A. de C.V.
100%
Mexico
Luxury Hotels International Management of Aruba N.V.,
100%
Aruba
Luxury Hotels International Management of Saudi Arabia Limited
100%
Saudi Arabia
Luxury Hotels International Management St. Kitts Limited (Saint Kitts and Nevi-
100%
United States
Luxury Hotels International Management Switzerland GmbH
100%
Switzerland
Luxury Hotels International of Canada, ULC
100%
Canada
Luxury Hotels International of France SAS
100%
France
Luxury Hotels International of Hong Kong Limited
100%
Hong Kong
Luxury Hotels International of Japan, Inc.
100%
Japan
Luxury Hotels International of Puerto Rico, Inc.
100%
Puerto Rico
Luxury Hotels International of Spain S.L.U.
100%
Spain
Luxury Hotels International OR Tambo (Pty) Ltd
100%
South Africa
Luxury Hotels International Sales of Israel Ltd.
100%
Israel
Luxury Hotels International Saudi Arabia Limited
100%
Saudi Arabia
Luxury Hotels International South Africa (Pty) Ltd
100%
Saudi Arabia
Luxury Hotels Irish Holding Company Limited,
100%
Ireland
Luxury Hotels Management (BVI) Limited
100%
British Virgin Islands
Luxury Hotels Management (BVI) Limited (Guyana Branch)
100%
Guyana
Luxury Hotels Management (BVI) Limited (Haiti Branch)
100%
Haiti
Luxury Hotels Management (BVI) Limited Ogranak Beograd
100%
Serbia
Luxury Hotels Management (Ghana) Limited
100%
Ghana
Luxury Hotels of Costa Rica Management, S.R.L.
100%
Costa Rica
Luxury Hotels of Turks & Caicos Ltd
100%
Turks & Caicos Islands
Luxury Hotels Poland sp. z o.o.
100%
Poland
Luxury Hotels Uluslararasi Otel Isletmeciligi Limited Sirketi
100%
Turkey
Luxury International Holdings of Canada, ULC
100%
Canada
Luxury International Management Nigeria Limited
100%
Niger
LUXURY MANAGEMENT COMPANY MACEDONIA DOOEL Skopj
100%
Macedonia
Luxury Reservations Limited
100%
Ireland
Luxury Singapore Holding Company Pte. Ltd
100%
Singapore
Luxury Swiss Management Company GmbH
100%
Switzerland
Luxury Swiss Management Company GmbH (Morocco Branch)
100%
Monaco
Luxury Swiss Management Company GmbH
100%
Ethiopia
Luxury Switzerland Holding Company GmbH
100%
Swaziland
LuxuryHotels International of Ecuador Cia. Ltda.
100%
Ecuador
M.H.S. Realty Sales, LLC
100%
United States
Maguenine - SEO
100%
France
Malta Regional Hospitality Licensing Limited
100%
Mali
Manhattan Sheraton Corporation
100%
United States
Mar Hoteis de Sao Paulo Ltda.
100%
Brazil
Marceau Investissements SA
100%
France
Marquis Insurance Corporation
100%
United States
Marriott (Schweiz) GmbH
100%
Switzerland
Marriott Acquisition 2002 Subsidiary, LLC
100%
United States
Marriott Acquisition 2002, LLC
100%
United States
Marriott Argentina Licensing Company S.A.
100%
Argentina
Marriott Cayman Islands Licensing Company I, Ltd.
100%
Cayman Islands
Marriott Cayman Islands Licensing Company II, Ltd.
100%
Cayman Islands
Marriott Cayman Islands Licensing Company III, Ltd.
100%
Cayman Islands
Marriott Cayman Islands Licensing Company IV, Ltd.
100%
Cayman Islands
Marriott Cayman Islands Licensing Company VI, Ltd.
100%
Cayman Islands
Marriott Cayman Islands Licensing Company VIII, Ltd.
100%
Cayman Islands
Marriott Cayman Islands Licensing Company X, Ltd.
100%
Cayman Islands
Marriott Chile Licensing Company Limitada
100%
Chile
Marriott Chile S.A.
100%
Chile
Marriott Claims Services Corporation
100%
United States
Marriott Crystal City Manager, LLC
100%
United States
Marriott Curacao N.V.
100%
Netherlands
Marriott De Honduras, Sociedad de Responsabilidad Limitada
100%
Honduras
Marriott Ecuador Licensing Company MLC S.A.
100%
Ecuador
Marriott Fifth Avenue, LLC
100%
United States
Marriott France Group Companies SAS
100%
France
Marriott Hotel Holding GmbH
100%
Germany
Marriott Hotel Management Company (Virgin Islands), Inc.
100%
United States Virgin Islands
Marriott Hotel Services Berlin GmbH
100%
Germany
Marriott Hotel Services, Inc.
100%
United States
Marriott Hotel-Betriebsgesellschaft, m.b.H
100%
Austria
Marriott Hotelmanagement Cologne GmbH
100%
Germany
Marriott Hotelmanagement GmbH
100%
Germany
Marriott Hotels and Catering (Holdings) Limited
100%
United Kingdom
Marriott Hotels Denmark A/S
100%
Denmark
Marriott Hotels Hellas, S.A.
100%
Greece
Marriott Hotels India Private Limited
100%
India
Marriott Hotels International B.V.
100%
Netherlands
Marriott Hotels International B.V. (Armenia Branch)
100%
Armenia
Marriott Hotels International B.V. (Caracas, Venezuela Branch)
100%
Venezuela
Marriott Hotels International B.V. (Dominican Republic Branch)
100%
Dominican Republic
Marriott Hotels International B.V. (Egypt Branch)
100%
Egypt
Marriott Hotels International B.V. (Jordan Branch)
100%
Jordan
Marriott Hotels International B.V. (Portugal Branch)
100%
Portugal
Marriott Hotels International B.V. (Seoul MEA Branch)
100%
Korea (South)
Marriott Hotels International B.V. (Seoul, South Korea Branch)
100%
Korea (South)
Marriott Hotels International Limited
100%
United Kingdom
Marriott Hotels International Limited (Belgium Branch)
100%
Belgium
Marriott Hotels International Limited (French Branch - Liasion Office)
100%
France
Marriott Hotels International Limited (Representative Office)
100%
Spain
Marriott Hotels Limited
100%
United Kingdom
Marriott Hotels Management France SAS
100%
France
Marriott Hotels of Amsterdam, B.V.
100%
Netherlands
Marriott Hotels, S.A. de C.V.
100%
Mexico
Marriott Hurghada Management, Inc.
100%
United States
Marriott Hurghada Management, Inc. (Egypt Branch)
100%
Egypt
Marriott International Administrative Services, Inc.
100%
United States
Marriott International Capital Corporation
100%
United States
Marriott International Construction Services, Inc.
100%
United States
Marriott International Design & Construction Services, Inc.
100%
United States
Marriott International Design & Construction Services, Inc. (UK Establishment)
100%
United Kingdom
Marriott International Finance Company B.V.
100%
Netherlands
Marriott International Holding Company B.V., Bertrange, Zurich Branch
100%
Switzerland
Marriott International Holding Company S.àr.l.
100%
Luxembourg
Marriott International Hotels, Inc.
100%
United States
Marriott International Hotels, Inc. (Argentina Branch)
100%
Argentina
Marriott International Hotels, Inc. (Ecuador Branch)
100%
Ecuador
Marriott International Hotels, Inc. (Lebanon Branch)
100%
Lebanon
Marriott International Hotels, Inc. (Malaysia Branch)
100%
Malaysia
Marriott International Hotels, Inc. (Philippine Branch)
100%
Philippines
Marriott International Hotels, Inc. Maryland USA Sucursala Bucuresti Romania (Romanian Branch)
100%
Romania
Marriott International JBS Corporation
100%
United States
Marriott International Licensing Company B.V.
100%
Netherlands
Marriott International Lodging N.V.
100%
Cuba
Marriott International Management Company B.V.
100%
Netherlands
Marriott International Management Company B.V. (Australian Branch)
100%
Australia
Marriott International Management Company B.V. (Dongdaemoon Branch)
100%
Korea (South)
Marriott International Management Company B.V. (Namdaemun Branch)
100%
Korea (South)
Marriott International Management Company B.V. (Seongnam Branch)
100%
Korea (South)
Marriott International Management Company B.V. (Seoul Branch)
100%
Korea (South)
Marriott International Resorts, L. P.
100%
United States
Marriott International, Inc.
100%
United States
Marriott Inversiones y Servicios Limitada
100%
Chile
Marriott Jamaica Licensing Company Limited
100%
Jamaica
Marriott Magenta Holding Company, Inc.
100%
United States
Marriott Market Street Hotel, Inc.
100%
United States
Marriott Mexico City Partnership G.P.
100%
United States
Marriott Mirage City Management, Inc.
100%
United States
Marriott Novy Arbat Hotel Leasing
100%
Russia
Marriott Oak Brook Hills Services, LLC
100%
United States
Marriott P.R. Management Corporation
100%
United States
Marriott Payroll Services, LLC
100%
United States
Marriott Peru Licensing Company SAC
100%
Peru
Marriott Peru S.A.C
100%
Peru
Marriott Properties (International) Limited
100%
Hong Kong
Marriott Ranch Properties, Inc.
100%
United States
Marriott Rewards Subsidiary, Inc.
100%
United States
Marriott Rewards, Inc.
100%
United States
Marriott Rewards, LLC
100%
United States
Marriott RHG Acquisition B.V., Bertrange, Zurich Branch
100%
Switzerland
Marriott RHG Acquisition S.àr.l.
100%
Luxembourg
Marriott RHG Acquisition SARL
100%
Netherlands
Marriott Senior Holding Co.
100%
United States
Marriott Sharm El Sheikh Management (Egypt Branch)
100%
Egypt
Marriott Sharm El Sheikh Management, Inc
100%
United States
Marriott Switzerland Licensing Company II S.ar.l
100%
Switzerland
Marriott Switzerland Licensing Company S.ar.l
100%
Switzerland
Marriott Switzerland Licensing Company S.ar.l (Nevis branch)
100%
United States
Marriott Trinidad & Tobago Limited
100%
Trinidad And Tobago
Marriott Two Flags Member LLC
100%
United States
Marriott Two Flags, LP
100%
United States
Marriott UK Group Company Limited
100%
United Kingdom
Marriott UK Management Company Limited
100%
United Kingdom
Marriott Worldwide Corporation
100%
United States
Marriott Worldwide Corporation (Jordan Branch)
100%
Jordan
Marriott Worldwide Payroll, LLC
100%
United States
Marriott Worldwide Reservation Services, LLC
100%
United States
Marriott's Greenbelt Hotel Services, Inc.
100%
United States
Mars Merger Sub, LLC
100%
United States
Maui Operating LLC
100%
United States
MC Lodging Investment Opportunities, Inc.
100%
United States
Meridien India I LLC
100%
United States
Meridien India II LLC
100%
United States
Meridien SAS
100%
France
Meridien SAS - Egypt Branch
100%
Egypt
MHS Guam, Inc.
100%
United States
MHSFR II, LLC
100%
United States
MHSFR, LLC
100%
United States
MHSI Conference Centers of Texas, Inc.
100%
United States
MHSI Hawaii, LLC
100%
United States
MI CBM Investor LLC
100%
United States
MI Finance Company
100%
United States
MI Fulfillment Services, LLC
100%
United States
MI Georgia Credits, LLC
100%
United States
MI Holding, L. P.
100%
United States
MI Hotels of Las Vegas, Inc.
100%
United States
MI Member, LLC
100%
United States
MI NY Clock Tower, LLC
100%
United States
MI Procurement Holdings, LLC
100%
United States
MI Tenant LLC
100%
United States
MI TH4 INVESTOR, LLC
100%
United States
MICC (California), LLC
100%
United States
MICC SPE I Corp.
100%
United States
Midnight Lakeshore, LLC
100%
United States
Midnight Mexico, LLC
100%
United States
Midnight Midland LLC
100%
United States
Midnight Oil Company, LLC
100%
United States
Midnight Sky, L.L.C.
100%
United States
Midnight Square, LLC
100%
United States
Midnight Star, L.L.C.
100%
United States
MIF, L.L.C.
100%
United States
MII Conference Center, Inc.
100%
United States
Minneapolis TPP LLC
100%
United States
Mission Hills Timeshare, L.L.C.
100%
United States
MRC I Funding Corporation
100%
United States
MTS Holdco, LP
100%
United States
Nashua TPP LLC
100%
United States
New Orleans TPP LLC
100%
United States
North Dallas Holding Co.
100%
United States
North Dallas Hotel Company
100%
United States
OOO CY Nizhny Novgorod Hotel Leasing
100%
Russia
Operadora Marriott, S.A. de C.V.
100%
Mexico
Osaka St. Regis Co. Ltd.
100%
Japan
P.T. Indo Pacific Sheraton
100%
Indonesia
P.T. Luxury Hotels International Indonesia
100%
Indonesia
P.T. Marriott International Indonesia
100%
Indonesia
P.T. Ritz-Carlton Indonesia
100%
Indonesia
Park Ridge Hotel Associates L.P.
100%
United States
Park Ridge TPP LLC
100%
United States
Permanent Establishment of Luxury Hotels International Management Company B.V.
100%
Ukraine
PH Edward (Pty) Ltd
100%
South Africa
PH F and I Cape Town (Pty) Ltd
100%
South Africa
PH Hazyview (Pty) Ltd
100%
South Africa
PH Marine (Pty) Ltd
100%
South Africa
PH Roodepoort (Pty) Ltd
100%
South Africa
PH Victoria Junction (Pty) Ltd
100%
South Africa
Philadelphia Airport TPP I LLC
100%
United States
Plan One (Pty) Ltd
100%
South Africa
Post Oak Westin Hotel Realty LLC
100%
United States
Preferred Guest, Inc.
100%
United States
Procurement International (Pty) Limited
100%
South Africa
Promotora Hotelera Punta Mita, S. de R.L. de C.V.
100%
Mexico
Protea Hotels (International) Limited
100%
United Kingdom
Protea Hotels and Inns (Pty) Limited
100%
South Africa
Protea Hotels Empowerment Consortium (Pty) Ltd
100%
South Africa
Prudential HEI Joint Venture
100%
United States
PT Starwood Meridien Indonesia
100%
Indonesia
Punta Mita Holding Company, S. de R.L. de C.V.
100%
Mexico
Radio Corporation of Cuba
100%
Cuba
Ramasia International Limited
100%
British Virgin Islands
Ramcap SAS
100%
France
RC Hotel Holding Company Limited
100%
British Virgin Islands
RC Hotel Holding Company Limited (Cayman Islands Branch)
100%
Cayman Islands
RC Marriott II, Inc.
100%
United States
RC Marriott III, Inc.
100%
United States
RC Marriott, Inc.
100%
United States
RC Paradise Valley Development, LLC
100%
United States
RC Rose Holding Company Limited
100%
British Virgin Islands
RC-UK, Inc.
100%
United States
REN Boston Hotel Management LLC
100%
United States
REN Boston LP
100%
United States
REN Boston Waterfront Hotel, LLC
100%
United States
Renaissance Cleveland Hotel, LLC
100%
United States
Renaissance Cleveland IOSA, LLC
100%
United States
Renaissance do Brasil Hotelaria Ltda.
100%
Brazil
Renaissance do Brasil Hotelaria Ltda.
100%
Brazil
Renaissance do Brasil Hotelaria Ltda. (Porto Maravilha branch
100%
Brazil
Renaissance do Brasil Hotelaria Ltda. (Recife Branch)
100%
Brazil
Renaissance do Brasil Hotelaria Ltda. (Sao Paulo Branch)
100%
Brazil
Renaissance Dusseldorf Hotelmanagement GmbH
100%
Germany
Renaissance Hamburg Hotelmanagement GmbH
100%
Germany
Renaissance Hollywood Payroll Company, LLC
100%
United States
Renaissance Hotel Holdings, Inc.
100%
United States
Renaissance Hotel Management Company, LLC
100%
United States
Renaissance Hotel Operating Company
100%
United States
Renaissance Hotels International B.V.
100%
Netherlands
Renaissance Hotels International Corporation Limited
100%
British Virgin Islands
Renaissance Hotels International B.V. (Kazakhstan Branch)
100%
Kazakhstan
Renaissance Hotels International Corporation Limited (Malaysia Branch)
100%
Malaysia
Renaissance Hotels International Corporation Limited (Philippine Branch)
100%
Philippines
Renaissance Hotels International Management Belgium SPRL
100%
Belgium
Renaissance Hotels Marketing Services Limited
100%
British Virgin Islands
Renaissance International Lodging Ltd.
100%
Bermuda
Renaissance International Lodging N.V
100%
Netherlands
Renaissance International Management Company B.V.
100%
Netherlands
Renaissance International, Inc.
100%
United States
Renaissance Le Parc SAS
100%
France
Renaissance Oakbrook Hotel, LLC
100%
United States
Renaissance P.V. Mexicana S.A. de C.V.
100%
Mexico
Renaissance Services B.V.
100%
Netherlands
Renaissance Services B.V. (Bahrain Representative Office)
100%
Bahrain
Renaissance Services B.V. (Dubai Branch)
100%
United Arab Emirates
Renaissance Services B.V. (Malaysia Branch)
100%
Malaysia
Renaissance Services B.V. (Representative Office in Egypt)
100%
Egypt
Renaissance Special Purposes B.V.
100%
Netherlands
Renaissance St. Louis Grand, LLC
100%
United States
Renaissance St. Louis Suites, LLC
100%
United States
Residence Inn by Marriott, LLC
100%
United States
RG Holdings LLC
100%
United States
RHG Holding N.V.
100%
United States
RHG Investments, LLC
100%
United States
RHIL Limited
100%
Hong Kong
RHOC Consolidation, LLC
100%
United States
RI BWI Airport, L.L.C.
100%
United States
Rio Hotel Brasil Empreendimentos Imobiliários Ltda.
100%
Brazil
Ritz-Carlton (Virgin Islands), Inc.
100%
United States
Rockville Hotel Associates LLC
100%
United States
Roissy CYBM SAS
100%
France
Ronevsorg Hotel Operating Company Limited
100%
United Kingdom
Royal Orchid Hotel (Thailand) PCL
100%
Thailand
Russell Hotel Joint Venture
100%
United States
Rylestone Ltd
100%
Fiji
S Collection, Inc.
100%
United States
Sabrina Operators, Inc.
100%
United States
San Diego Sheraton LLC
100%
United States
San Fernando Sheraton Corporation
100%
United States
San Francisco TPP II LLC
100%
United States
SAPHRPL Beijing Rep Office
100%
China (Peoples Rep. Of)
SAPHRPL Guangzhou Rep Office
100%
China (Peoples Rep. Of)
SAPHRPL Hong Kong Branch
100%
Hong Kong
SAPHRPL India Branch
100%
India
SAPHRPL Macau Branch
100%
Macao
SAPHRPL Maldives Branch
100%
Maldives
SAPHRPL Samoa Branch
100%
Samoa
SAPHRPL Shanghai Rep Office
100%
China (Peoples Rep. Of)
SC Orlando, L.L.C.
100%
United States
Schaumberg/Oakbrook Marriott Hotels, LLC
100%
United States
SCI Hotel Roissy Terminal
100%
France
Scoops, Inc.
100%
United States
Seattle Management Corporation
100%
United States
Seattle Union Street Associates
100%
United States
Senior Living Limited Partnership
100%
United States
Servicios Culinary Concepts, S. de R.L. de C.V.
100%
Mexico
Servicios Hoteleros Starwood Ltd (Chile)
100%
Chile
Servicios Suites Santa Fe S.A. de C.V.
100%
Mexico
Seville Acquisition, LLC
100%
United States
SF Museum Tower LLC
100%
United States
Shanghai Gingerroot Hotel Management Co., Ltd.
100%
China (Peoples Rep. Of)
Shanghai Gingerroot Hotel Management Co., Ltd., Beijing Branch
100%
China (Peoples Rep. Of)
Shanghai Gingerroot Hotel Management Co., Ltd., Guangzhou Branch
100%
China (Peoples Rep. Of)
Shardana SRL
100%
Italy
Sheraton (Bermuda) Limited
100%
Bermuda
Sheraton Asia-Pacific Corporation
100%
United States
Sheraton Beijing LLC
100%
United States
Sheraton Caribbean Corp. N.V (St. Maarten)
100%
United States
Sheraton Centre Toronto Limited Partnership
100%
Canada
Sheraton Crescent LLC
100%
United States
Sheraton de Venezuela CA
100%
Venezuela
Sheraton Florida LLC
100%
United States
Sheraton Forty-Five Park LLC
100%
United States
Sheraton Franquicias E Servicios Hoteleros Ltda
100%
Brazil
Sheraton Gaming (Peru) LLC
100%
United States
Sheraton Gaming Corporation
100%
United States
Sheraton Gateway Limited Partnership
100%
Canada
Sheraton Hawaii Hotels Corporation
100%
United States
Sheraton Hotels (England) Ltd.
100%
United Kingdom
Sheraton Hotels (UK) Plc
100%
United Kingdom
Sheraton Intercontinental Ltd
100%
Bahamas
Sheraton Intercontinental Ltd - Israel Branch
100%
Israel
Sheraton International (Hong Kong) Ltd
100%
Hong Kong
Sheraton International de Mexico LLC
100%
United States
Sheraton International del Paraguay S.A.
100%
Paraguay
Sheraton International GmbH
100%
Austria
Sheraton International IP, LLC
100%
United States
Sheraton International, LLC
100%
United States
Sheraton IPCO (Italy) LLC
100%
United States
Sheraton Key West LLC
100%
United States
Sheraton License Company Russia, Inc.
100%
United States
Sheraton License Operating Company, LLC
100%
United States
Sheraton Management Co Ltd Bahamas
100%
Bahamas
Sheraton Management GmbH
100%
Germany
Sheraton Management, LLC
100%
United States
Sheraton Management, LLC - UK Branch
100%
United Kingdom
Sheraton Miami LLC
100%
United States
Sheraton Middle East Management LLC
100%
United States
Sheraton New Jersey Corporation
100%
United States
Sheraton New York LLC
100%
United States
Sheraton on the Park Pty. Ltd
100%
Australia
Sheraton Operating Corporation
100%
United States
Sheraton Overseas Company, Ltd
100%
Bahamas
Sheraton Overseas Company, Ltd - Egypt Branch
100%
Egypt
Sheraton Overseas Management Corporation
100%
United States
Sheraton Overseas Technical Services LLC
100%
United States
Sheraton Peachtree LLC
100%
United States
Sheraton Philippines Corporation
100%
Philippines
Sheraton Puerto Rico Management LLC
100%
United States
Sheraton Roissy SA
100%
France
Sheraton Royal Orchid Co. Ltd
100%
Thailand
Sheraton San Antonio Holdings LLC
100%
United States
Sheraton SGC Sub Corporation
100%
United States
Sheraton Suites LLC
100%
United States
Sheraton Texas LLC
100%
United States
Sheraton Vermont Corporation
100%
United States
Sheraton West Houston Beverage, LLC
100%
United States
SII Real Estate Holdings, Inc
100%
United States
SJMEC, Inc.
100%
United States
SJMFB, LLC
100%
United States
SLC Acquisition LLC
100%
United States
SLC Atlanta LLC
100%
United States
SLC Indianapolis LLC
100%
United States
SLC Management LLC
100%
United States
SLC Mexico LLC
100%
United States
SLC Operating Limited Partnership
100%
United States
SLT Minneapolis LLC
100%
United States
SLT New Orleans L.L.C.
100%
United States
SLT Westwood Realty LLC
100%
United States
Socho, S.A.
100%
Argentina
Sociedad Administradora General SA y CIA En Comandita Acciones
100%
Chile
Societe des Hotels de Noumea
100%
New Caledonia
Societe des Hotels Meridien SAS
100%
France
Solar International Holdings Limited (
100%
Cayman Islands
Solar Merger Sub 1, Inc.
100%
United States
Solar Merger Sub 2, Inc.
100%
United States
SOMC Argentina Branch
100%
Argentina
SOMC Morocco Branch
100%
Morocco
SOMC Thailand Branch
100%
Thailand
SOMC Tunis Branch
100%
Tunisia
South Portland TPP LLC
100%
United States
SPG Holding, Inc.
100%
United States
Spice Market Holdings, Inc.
100%
United States
Spice Market NY, LLC
100%
United States
SPRINGHILL SMC, LLC
100%
United States
Square 369 Hotel Associates, LLC
100%
United States
SRH Chicago LLC
100%
United States
St. Francis Hotel Corporation
100%
United States
St. Regis New York Holdings LLC
100%
United States
St. Regis New York Operating LLC
100%
United States
St. Regis San Francisco Hotel LLC
100%
United States
St. Regis Sheraton LLC
100%
United States
Star Real Estate Licensing LLC
100%
United States
Starwood (M) France Holdings SAS
100%
France
Starwood (M) Hotels Holding Corporation
100%
United States
Starwood (M) International Inc.
100%
United States
Starwood (M) International Inc. - Dubai Branch
100%
United Arab Emirates
Starwood (M) International Inc. - Moscow Branch
100%
Russia
Starwood (M) Middle East I, LLC
100%
United States
Starwood (M) Middle East II, LLC
100%
United States
Starwood (M) Services Company, Inc.
100%
United States
Starwood (Ukraine) Management Company, Inc.
100%
United States
Starwood AFIO & Brussels GSO BVBA
100%
Belgium
Starwood AFIO & Brussels GSO BVBA - Dubai Branch
100%
United Arab Emirates
Starwood Alfonso XIII Hotel Company, S.L.U.
100%
Spain
Starwood Asia Pacific Hotels & Resorts Pte Ltd
100%
Singapore
Starwood Aspen Realty LLC
100%
United States
Starwood Associate Relief Fund, Inc.
100%
United States
Starwood Atlanta Colony Square Realty LLC
100%
United States
Starwood Atlanta LLC
100%
United States
Starwood Atlantic LLC
100%
United States
Starwood Australia Hotels Pty Ltd
100%
Australia
Starwood BPP Holdings LLC
100%
United States
Starwood Canada ULC
100%
Canada
Starwood Cayman Holdings
100%
Cayman Islands
Starwood Centralised Services Pty Ltd
100%
Australia
Starwood Checkmate Holdings LLC
100%
United States
Starwood Chicago City Center Realty LLC
100%
United States
Starwood Chicago Lakeshore Realty LLC
100%
United States
Starwood Chicago Special Manager I, LLC
100%
United States
Starwood Chicago Special Manager II, LLC
100%
United States
Starwood Chicago Tremont Realty LLC
100%
United States
Starwood Chile Holdings, S.A.
100%
Chile
Starwood China Holdings PTE Ltd.
100%
Singapore
Starwood CMBS I LLC
100%
United States
Starwood CMBS II LLC
100%
United States
Starwood Customer Contact Centre (AP) PTE Ltd.
100%
Singapore
Starwood Development Consulting Services (AP) PTE Ltd.
100%
Singapore
Starwood EAME Holdings SARL
100%
Luxembourg
Starwood EAME License and Services Company BVBA
100%
Belgium
Starwood EAME SARL
100%
Luxembourg
Starwood EAME Services Company BVBA
100%
Belgium
Starwood Edison GP Holdings LLC
100%
United States
Starwood Edison LP Holdings LLC
100%
United States
Starwood Egypt Management Company SAE
100%
Egypt
Starwood Energy, LLC
100%
United States
Starwood ESPP Funding, Inc.
100%
United States
Starwood Fiji LLC
100%
United States
Starwood Finance Luxembourg SARL
100%
Luxembourg
Starwood Finance Luxembourg SARL - U.S. Branch
100%
Luxembourg
Starwood Flight Operations, Inc.
100%
United States
Starwood Hellas Hotels E.P.E.
100%
Greece
Starwood Holdings (HK) Ltd
100%
Hong Kong
Starwood Hong Kong Holdings
100%
Cayman Islands
Starwood Hotel Management Company Greece S.A.
100%
Greece
Starwood Hotels & Resorts (SEA) Sdn Bhd
100%
Malaysia
Starwood Hotels & Resorts (Shanghai) Co, Ltd.
100%
China (Peoples Rep. Of)
Starwood Hotels & Resorts India Private Limited
100%
India
Starwood Hotels & Resorts Management Company, LLC
100%
United States
Starwood Hotels & Resorts Worldwide Foundation, Inc.
100%
United States
Starwood Hotels & Resorts Worldwide, LLC
100%
United States
Starwood Hotels (Thailand) Co. Ltd
100%
Thailand
Starwood Hotels Japan Company
100%
Japan
Starwood Hyannis Realty LLC
100%
United States
Starwood India Private Limited
100%
India
Starwood International Finance Ltd
100%
Ireland
Starwood International Holding SARL
100%
Luxembourg
Starwood International Holding SARL
100%
Luxembourg
Starwood International Licensing Co. SARL
100%
Luxembourg
Starwood International Licensing Co. SARL - IP Branch
100%
Luxembourg
Starwood Israel Hotel Management Inc.
100%
United States
Starwood Israel Hotel Management Inc. - Israel Branch
100%
Israel
Starwood Italia SRL
100%
Italy
Starwood Japan Holdings Pte. Ltd.
100%
Singapore
Starwood Lahaina LLC
100%
United States
Starwood Latin America, Inc.
100%
United States
Starwood Lexington Realty LLC
100%
United States
Starwood Los Angeles Payroll Company, LLC
100%
United States
Starwood Luxembourg Holding SARL
100%
Luxembourg
Starwood Mexico LF, S. de R.L. de C.V.
100%
Mexico
Starwood Mexico Servicios Compartidos, S.A. de C.V.
100%
Mexico
Starwood Mexico, LLC
100%
United States
Starwood Nashua Realty LLC
100%
United States
Starwood Nevada Holdings, LLC
100%
United States
Starwood New Orleans French Quarter Realty LLC
100%
United States
Starwood Newton Realty LLC
100%
United States
Starwood Omaha Realty LLC
100%
United States
Starwood Operator I LLC
100%
United States
Starwood Operator II LLC
100%
United States
Starwood Pacific Hotels Pty. Ltd
100%
Australia
Starwood Park Ridge GP Holdings LLC
100%
United States
Starwood Park Ridge LP Holdings LLC
100%
United States
Starwood Philadelphia Airport Realty I LLC
100%
United States
Starwood Philadelphia Airport Realty I LP
100%
United States
Starwood Philadelphia Airport Realty II LLC
100%
United States
Starwood Philadelphia Airport Realty II LP
100%
United States
Starwood Portland City Center Realty LLC
100%
United States
Starwood Portland Downtown Realty LLC
100%
United States
Starwood Rancho Mirage Fee Owner, LLC
100%
United States
Starwood Reservations (Canada) Co.
100%
Canada
Starwood Reservations LLC
100%
United States
Starwood Reservations LLC (Irish Branch)
100%
Ireland
Starwood Resventure LLC
100%
United States
Starwood San Francisco Aloft Realty LLC
100%
United States
Starwood San Francisco Realty I LLC
100%
United States
Starwood Seattle Sixth Avenue Realty LLC
100%
United States
Starwood Seattle Town Center Realty LLC
100%
United States
Starwood Services (UK) Ltd
100%
United Kingdom
Starwood Services Poland Sp Z.o.o.
100%
Poland
Starwood Sierra Suites License Company, LLC
100%
United States
Starwood South Asia Hotels & Resorts Pte Ltd
100%
Singapore
Starwood South Portland Realty LLC
100%
United States
Starwood Taiwan Co Ltd
100%
Taiwan
Starwood Tarrytown Special Manager I, LLC
100%
United States
Starwood Tucson Realty LLC
100%
United States
Starwood Turkey Otel Hizmetleri Limited Sirketi
100%
Turkey
Starwood Wakefield Realty LLC
100%
United States
Starwood Weststate LLC
100%
United States
Starwood-Charlotte Management LLC
100%
United States
Stuttgart Sindelfingen Hotel Management GmbH
100%
Germany
Suites Management LLC
100%
United States
SW Business Services, LLC
100%
United States
Talent Coach Company S.A. de C.V.
100%
Mexico
Thai Royal Orchid Real Estate Limited
100%
Thailand
The Dining Room Corporation
100%
United States
The R.C. Management Company of Mexico, S.A. de C.V.
100%
Mexico
The Ritz-Carlton Hotel Company
100%
Germany
The Ritz-Carlton Hotel Company B.V.
100%
Netherlands
The Ritz-Carlton Hotel Company B.V. (Russian Branch)
100%
Russia
The Ritz-Carlton Hotel Company B.V. (Seoul, South Korea Branch)
100%
Korea (South)
The Ritz-Carlton Hotel Company Ltd. - (Anguilla Branch)
100%
United States
The Ritz-Carlton Hotel Company N.V.
100%
Netherlands
The Ritz-Carlton Hotel Company of Canada Limited
100%
Canada
The Ritz-Carlton Hotel Company of Chile S.A.
100%
Chile
The Ritz-Carlton Hotel Company of Egypt S.A.E.
100%
Egypt
The Ritz-Carlton Hotel Company of Mexico, S.A. de C.V.
100%
Mexico
The Ritz-Carlton Hotel Company of Puerto Rico, Inc.
100%
United States
The Ritz-Carlton Hotel Company of Singapore Pte Ltd
100%
Singapore
The Ritz-Carlton Hotel Company of St. Lucia Limited
100%
Saint Lucia
The Ritz-Carlton Hotel Company of the Cayman Islands, Ltd.
100%
Cayman Islands
The Ritz-Carlton Hotel Company, L.L.C.
100%
United States
The Ritz-Carlton Hotel Company, L.L.C. (Malaysian Branch)
100%
Malaysia
The Ritz-Carlton Hotel Company, Ltd.
100%
Bermuda
The Ritz-Carlton Hotel Company, Ltd. (Bahamas Branch)
100%
Bahamas
The Ritz-Carlton Hotel Limited
100%
United Kingdom
The Ritz-Carlton Hotel Management GmbH
100%
Germany
The Ritz-Carlton International Construction Services, Inc.
100%
United States
The Ritz-Carlton International Licensing Company B.V.
100%
Netherlands
The Ritz-Carlton International Licensing Company, LLC
100%
United States
The Ritz-Carlton International Management Company B.V.
100%
Netherlands
The Ritz-Carlton Limited
100%
Hong Kong
The Ritz-Carlton Property Management Company (Kyoto) Ltd.
100%
Japan
The Ritz-Carlton Property Management Company (Tokyo), Ltd.
100%
Japan
The Ritz-Carlton Residences Management Company LLC
100%
United States
The Ritz-Carlton Residential Management Company of Singapore Pte, Limited
100%
Singapore
The Sheraton LLC
100%
United States
The Westin Building Company
100%
United States
Torre Polanco, S. de R.L. de C.V.
100%
Mexico
Torriam Hotel Operating Company Limited
100%
Ireland
Torriam International Lodging N.V.
100%
Netherlands
Toulouse Operating Company SAS
100%
France
TownePlace Management, LLC
100%
United States
Townhouse Management Realty LLC
100%
United States
Transamerican Hoteles, S.A.
100%
Dominican Republic
Tremont TPP LLC
100%
United States
Tribute Portfolio IP, LLC
100%
United States
Victory Beverages, Inc.
100%
United States
W Atlanta Buckhead Beverage LLC
100%
United States
W Atlanta Midtown Beverage, LLC
100%
United States
W Hotel Limited Partnership
100%
Canada
W Hotel Management, Inc.
100%
United States
W Hotels Management, LLC
100%
United States
W Hotels Real Estate, LLC
100%
United States
W Hotels TCI GP Ltd.
100%
Turks & Caicos Islands
W Hotels Turks & Caicos LP
100%
Turks & Caicos Islands
W International Hotel Management, Inc.
100%
United States
W International Inc.
100%
United States
W IPCO (Italy) LLC
100%
United States
W Leicester Square Ltd.
100%
United Kingdom
W Miami Beach Holdings LLC
100%
United States
W Montreal Opco Inc.
100%
Canada
W Operating Company LLC
100%
United States
W PR Management LLC
100%
United States
W San Diego Hotel, LLC
100%
United States
W Scottsdale Beverage LLC
100%
United States
W Turks & Caicos GP, LLC
100%
United States
Washington Sheraton LLC
100%
United States
Water Acquisition, LLC
100%
United States
WEC 99C-1 LLC
100%
United States
WEC 99C-10 LLC
100%
United States
WEC 99C-11 LLC
100%
United States
WEC 99C-12 LLC
100%
United States
WEC 99C-13 LLC
100%
United States
WEC 99C-14 LLC
100%
United States
WEC 99C-2 LLC
100%
United States
WEC 99C-3 LLC
100%
United States
WEC 99C-4 LLC
100%
United States
WEC 99C-5 LLC
100%
United States
WEC 99C-6 LLC
100%
United States
WEC 99C-7 LLC
100%
United States
WEC 99C-8 LLC
100%
United States
WEC 99C-9 LLC
100%
United States
West Virginia Marriott Hotels, Inc.
100%
United States
Westel Insurance Company
100%
United States
Western Host, Inc.
100%
United States
Westin 200, Inc.
100%
United States
Westin Arizona LLC
100%
United States
Westin Aruba Hotel Advisors, LLC
100%
United States
Westin Aruba Hotel Management LLC
100%
United States
Westin Asia Management Co., LLC
100%
United States
Westin Asia Management Co., LLC - Philippines Branch
100%
Philippines
Westin Asset Management Co.
100%
United States
Westin Bay Hotel Realty LLC
100%
United States
Westin Beverage Services LLC
100%
United States
Westin Birmingham Operator, LLC
100%
United States
Westin Chicago at North River Payroll Company
100%
United States
Westin CP Beverage Company, Inc.
100%
United States
Westin Crown Plaza Hotel Company
100%
United States
Westin DIA Operator, LLC
100%
United States
Westin Hotel Management, L.P.
100%
United States
Westin Hotels Guam
100%
Guam
Westin Hotels Ireland Ltd
100%
Ireland
Westin Hotels Management, LLC
100%
United States
Westin Hotels PRC, LLC
100%
United States
Westin International (Malta) Ltd
100%
Malta
Westin International Europe B.V.
100%
Netherlands
Westin IPCO (Italy) LLC
100%
United States
Westin Kierland, LLC
100%
United States
Westin License Holding, LLC
100%
United States
Westin Maui LLC
100%
United States
Westin Maui TPP, Inc.
100%
United States
Westin Montreal Airport Hotel Company
100%
United States
Westin New Orleans Hotel, LLC
100%
United States
Westin O'Hare Hotel Company
100%
United States
Westin Ontario (London) Hotel Company
100%
United States
Westin Operator LLC
100%
United States
Westin Ottawa Management Co., LLC
100%
United States
Westin Portland L.L.C.
100%
United States
Westin Realty Corp.
100%
United States
Westin River North, Chicago Beverage Company
100%
United States
Westin SA Resort Owner LLC
100%
United States
Westin San Antonio Resort Company
100%
United States
Westin Savannah Holdings, LLC
100%
United States
Westin St. Lucia Management LLC
100%
United States
Westin Two Hundred L.L.C.
100%
United States
Westin Washington Operator L.L.C.
100%
United States
Westwood TPP LLC
100%
United States
Wetbar New York, LLC
100%
United States
WHC Payroll Company
100%
United States
Whiskey Blue Boston, LLC
100%
United States
Whiskey Blue New Orleans, LLC
100%
United States
WHLP Acquisition, LLC
100%
United States
WHR Colorado Beverage Company
100%
United States
WHR Ireland Holding Company Ltd
100%
Ireland
Witty Restaurant Group, Inc.
100%
United States
Worldwide Franchise Systems, Inc.
100%
United States
Long Term Debt
Dec. 31, 2017, $8,238,000,000 (including current portion of $398,000,000) comprised of:
-- 01 -- $598,000,000 unsecured senior notes – series K, bearing interest at a rate of 3.0%, maturing Mar. 1, 2019.
-- 02 -- $348,000,000 unsecured senior notes – series L, bearing interest at a rate of 3.3%. maturing Sep. 15, 2022.
-- 03 -- $348,000,000 unsecured senior notes – series M, bearing interest at a rate of 3.4%, maturing Oct. 15, 2020.
-- 04 -- $397,000,000 unsecured senior notes – series N, bearing interest at a rate of 3.1%, maturing Oct. 15, 2021.
-- 05 -- $447,000,000 unsecured senior notes – series O, bearing interest at a rate of 2.9%, maturing Mar. 1, 2021.
-- 06 -- $345,000,000 unsecured senior notes – series P, bearing interest at a rate of 3.8%, maturing Oct. 1, 2025.
-- 07 -- $744,000,000 unsecured senior notes – series Q, bearing interest at a rate of 2.3%, maturing Jan. 15, 2022.
-- 08 -- $743,000,000 unsecured senior notes – series R, bearing interest at a rate of 3.1%, maturing June 15, 2026.
-- 09 -- $330,000,000 unsecured senior notes – series S, bearing interest at a rate of 6.8%, maturing may 15, 2018.
-- 10 -- $197,000,000 unsecured senior notes – series T, bearing interest at a rate of 7.2%, maturing Dec. 1, 2019.
-- 11 -- $291,000,000 unsecured senior notes – series U, bearing interest at a rate of 3.1%, maturing Feb. 15, 2023.
-- 12 -- $337,000,000 unsecured senior notes – series V, bearing interest at a rate of 3.8%, maturing Mar. 15, 2025.
-- 13 -- $292,000,000 unsecured senior notes – series W, bearing interest at a rate of 4.5%, maturing Oct. 1, 2034.
-- 14 -- $2,371,000,000 commercial paper.
-- 15 -- $171,000,000 capital lease obligations.
-- 16 -- $279,000,000 other long-term debt.
Line of Credit: Co. is a party to a multicurrency revolving credit agreement (the Credit Facility) that provides for up to $4,000,000,000 of aggregate effective borrowings. Borrowings under the Credit Facility bear interest at LIBOR (the London Interbank Offered Rate) plus a spread, based on Co.'s public debt rating. The Credit Facility expires on June 10, 2021.
The Credit Facility contains certain covenants, including a single financial covenant that limits Co.'s maximum leverage (consisting of the ratio of Adjusted Total Debt to Consolidated Earnings Before Interest Expense, Taxes, Depreciation and Amortization (EBITDA), each as defined in the Credit Facility) to not more than 4 to 1. Co.'s outstanding public debt does not contain a corresponding financial covenant or a requirement that Co. maintains certain financial ratios. As of Dec. 31, 2017, Co. satisfied the covenants in its Credit Facility and public debt instruments, including the leverage covenant under the Credit Facility, and do not expect the covenants will restrict Co.'s ability to meet its anticipated borrowing and guarantee levels or increase those levels should Co. decide to do so in the future.
For details see below.
Capital Structure
Abbreviation
Description
Structure Type
Exchange
Ticker
Cl A Com
Cl A Com
Common
NMS
MAR
Abbreviation
Market Cap
Cl A Com
39,069,618,900
Earnings Estimates
Broker Summary
Number of Analysts
27
Number of Buy Recommendations
9
Number of Hold Recommendations
0
Number of Sell Recommendations
1
Ratios and Statistics
EPS Long-Term Growth
18.75
Forward P/E
18.53
PEG
0.99
Average Target Price $130.93
Price Target Raised in the Past 4 Wks - 0 (DOWN) 6 (UP) 0
Price Target Lowered in the Past 4 Wks - 6
Consensus Estimates Summary
2015A
2016A
2017A
Q12018E
Earnings Per Share
3.12
3.30
4.36
-
Revenue
14,486.00
17,072.00
22,894.00
-
EBITDA
1,718.00
2,987.00
3,223.00
-
Q22018E
Q32018E
Q42018E
2018E
Earnings Per Share
-
-
1.40
6.17
Revenue
-
-
5,323.49
20,770.75
EBITDA
-
-
858.00
3,467.00
2019E
2020E
Earnings Per Share
6.33
7.28
Revenue
21,880.00
22,969.00
EBITDA
3,720.00
3,956.00
Pricing Information
Closing Price
As of 02/01/2019 : 114.53
Dividend Yield
1.3621
Earning Per Share(TTM)
4.8
Dividend Per Share(TTM)
1.56
Market Cap(mil)
39,070
52 Week Range
100.99 - 147.52
PE Ratio
24.2135
% Price Change (100 Days)
6.91
Company Financials
Income Statement
Exchange rate used is that of the Year End reported date
Prelims Annual Income Statement
Report Date
12/30/2011
12/31/2010
01/01/2010
Currency
USD
USD
USD
Audit Status
Not Qualified
Not Qualified
Not Qualified
Consolidated
Yes
Yes
Yes
Scale
Millions
Millions
Millions
Selling, general & administrative expense
752
-
772
Impairment of tangible assets
-
-
752
Total sales before managed properties
-
-
-
Total revenues
12,317
11,691
1,908
Total operating costs & expenses
-
-
-
Operating income (loss)
526
695
(152)
Income (loss) before income taxes
356
551
(418)
Provision for (benefit from) income taxes
-
-
-
Income (loss) from continuing operations before minority interest
-
-
-
Income (loss) from continuing operations
-
-
(353)
Discontinued operations
-
-
-
Net income (loss)
198
458
(353)
Weighted average shares outstanding - basic
350.1
362.8
356.4
Weighted average shares outstanding - diluted
362.3
378.3
356.4
Income (loss) per share from continuing operations - basic
-
-
(0.97)
Income (loss) per share from discontinued operations - basic
-
-
-
Net income (loss) per share - basic
0.56
1.26
(0.97)
Income (loss) per share from continuing operations - diluted
-
-
(0.97)
Income (loss) per share from discontinued operations - diluted
-
-
-
Net income (loss) per share - diluted
0.55
1.21
(0.97)
Operating Income
-
-
-
Total restructuring expense
-
-
213
Report Date
01/02/2009
12/28/2007
12/29/2006
12/30/2005
Currency
USD
USD
USD
USD
Audit Status
Unaudited
Unaudited
Unaudited
Unaudited
Consolidated
Yes
Yes
Yes
Yes
Scale
Millions
Millions
Millions
Millions
Selling, general & administrative expense
-
-
-
-
Impairment of tangible assets
-
-
-
-
Total sales before managed properties
-
-
-
-
Total revenues
12,879
12,990
12,160
11,550
Total operating costs & expenses
-
-
-
-
Operating income (loss)
785
1,188
-
-
Income (loss) before income taxes
694
1,137
997
717
Provision for (benefit from) income taxes
350
441
286
94
Income (loss) from continuing operations before minority interest
-
-
-
623
Income (loss) from continuing operations
359
697
717
668
Discontinued operations
-
-
-
-
Net income (loss)
362
696
608
669
Weighted average shares outstanding - basic
351.8
376.1
404.1
432.8
Weighted average shares outstanding - diluted
366.9
397.3
430.2
462.4
Income (loss) per share from continuing operations - basic
1.02
1.85
1.77
1.545
Income (loss) per share from discontinued operations - basic
0.01
-
-
-
Net income (loss) per share - basic
1.03
1.85
1.5
1.545
Income (loss) per share from continuing operations - diluted
0.98
1.75
1.66
1.445
Income (loss) per share from discontinued operations - diluted
-
-
-
-
Net income (loss) per share - diluted
0.99
1.75
1.41
1.445
Operating Income
-
-
1,011
555
Total restructuring expense
55
-
-
-
Report Date
12/31/2004
01/02/2004
01/03/2003
Currency
USD
USD
USD
Audit Status
Unaudited
Not Qualified
Not Qualified
Consolidated
Yes
Yes
Yes
Scale
Millions
Millions
Millions
Selling, general & administrative expense
-
-
-
Impairment of tangible assets
-
-
-
Total sales before managed properties
-
-
-
Total revenues
10,099
9,014
8,441
Total operating costs & expenses
-
-
7,868
Operating income (loss)
-
-
573
Income (loss) before income taxes
654
-
471
Provision for (benefit from) income taxes
100
-
32
Income (loss) from continuing operations before minority interest
594
-
-
Income (loss) from continuing operations
-
476
-
Discontinued operations
-
26
-
Net income (loss)
596
502
277
Weighted average shares outstanding - basic
453.2
465
480.6
Weighted average shares outstanding - diluted
481
490.8
509.2
Income (loss) per share from continuing operations - basic
1.31
1.025
-
Income (loss) per share from discontinued operations - basic
-
0.055
-
Net income (loss) per share - basic
1.315
1.08
0.575
Income (loss) per share from continuing operations - diluted
1.235
0.97
-
Income (loss) per share from discontinued operations - diluted
-
0.055
-
Net income (loss) per share - diluted
1.24
1.025
0.55
Operating Income
477
-
-
Total restructuring expense
-
-
-
Report Date
12/29/2000
12/31/1999
Currency
USD
USD
Audit Status
Unaudited
Unaudited
Consolidated
No
Yes
Scale
Millions
Millions
Selling, general & administrative expense
-
-
Impairment of tangible assets
-
-
Total sales before managed properties
10,017
8,739
Total revenues
-
-
Total operating costs & expenses
-
-
Operating income (loss)
-
-
Income (loss) before income taxes
-
-
Provision for (benefit from) income taxes
-
-
Income (loss) from continuing operations before minority interest
-
-
Income (loss) from continuing operations
-
-
Discontinued operations
-
-
Net income (loss)
479
424
Weighted average shares outstanding - basic
-
-
Weighted average shares outstanding - diluted
-
539.6
Income (loss) per share from continuing operations - basic
-
-
Income (loss) per share from discontinued operations - basic
-
-
Net income (loss) per share - basic
0.995
0.855
Income (loss) per share from continuing operations - diluted
-
-
Income (loss) per share from discontinued operations - diluted
-
-
Net income (loss) per share - diluted
0.945
0.8
Operating Income
-
-
Total restructuring expense
-
-
Balance Sheet
Exchange rate used is that of the Year End reported date
Prelims Annual Balance Sheet
Report Date
12/28/2007
01/02/2004
01/03/2003
Currency
USD
USD
USD
Audit Status
Unaudited
Not Qualified
Not Qualified
Consolidated
Yes
Yes
Yes
Scale
Millions
Millions
Millions
Total current assets
-
1,235
1,744
Total assets
8,942
8,177
8,296
Total current liabilities
-
1,770
2,207
Total Marriott International, Inc. shareholders' equity (deficit)
-
3,838
3,573
Cash Flows
Exchange rate used is that of the Year End reported date
There is no Prelims Annual financial information available for this company at present.
Ratios
Exchange rate used is that of the Year End reported date
Profitability Ratios
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ROA % (Net)
5.71
5.15
13.27
11.03
ROE % (Net)
30.19
88.04
AvgEqty<0
AvgEqty<0
ROI % (Operating)
18.26
18.97
128.69
69.84
EBITDA Margin %
14.32
8.96
10.42
9.44
Calculated Tax Rate %
52.34
34.41
31.96
30.96
Revenue per Employee
129,345
75,167
113,616
111,709
Profitability Ratios
12/31/2013
ROA % (Net)
9.45
ROE % (Net)
AvgEqty<0
ROI % (Operating)
57.85
EBITDA Margin %
8.65
Calculated Tax Rate %
30.04
Revenue per Employee
103,088
Liquidity Ratios
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Quick Ratio
0.39
0.49
0.37
0.39
Current Ratio
0.46
0.65
0.43
0.63
Net Current Assets % TA
(13.63)
(7.36)
(30.4)
(16.59)
Liquidity Ratios
12/31/2013
Quick Ratio
0.45
Current Ratio
0.71
Net Current Assets % TA
(11.36)
Debt Management
12/31/2017
12/31/2016
12/31/2015
12/31/2014
LT Debt to Equity
2.1
1.53
Equity<0
Equity<0
Total Debt to Equity
2.21
1.59
Equity<0
Equity<0
Interest Coverage
9.44
6.87
9.78
13.64
Debt Management
12/31/2013
LT Debt to Equity
Equity<0
Total Debt to Equity
Equity<0
Interest Coverage
10.19
Asset Management
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Total Asset Turnover
0.95
1.13
2.24
2.02
Receivables Turnover
12.42
12.17
13.15
12.65
Accounts Payable Turnover
31.21
26.6
24.18
23.75
Accrued Expenses Turnover
19.07
16.73
17.45
17.07
Property Plant & Equip Turnover
11.09
10.12
11.64
9.19
Cash & Equivalents Turnover
36.9
35.69
144.86
119.97
Asset Management
12/31/2013
Total Asset Turnover
1.93
Receivables Turnover
12.02
Accounts Payable Turnover
22.52
Accrued Expenses Turnover
16.24
Property Plant & Equip Turnover
8.23
Cash & Equivalents Turnover
118.5
Per Share
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Cash Flow per Share
6.49
5.42
5.35
4.22
Book Value per Share
10.39
13.87
(14.01)
(7.86)
Per Share
12/31/2013
Cash Flow per Share
3.71
Book Value per Share
(4.75)
