Marriott International Raises $60B in Public

Marriott International has successfully raised $60B in a Public at a $65B valuation led by Public.

Company Overview

Marriott International is a Hospitality company headquartered in 7750 Wisconsin Avenue, Bethesda, MD 20814, founded in 1927 with 500000+ employees.

Global hotel chain

Fundraising Details

Amount Raised: $60B
Round Type: Public
Valuation: $65B
Date: 2024-01-01
Investors: Public

About Marriott International

Global hotel chain The company is positioned in the Hospitality sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 7750 Wisconsin Avenue, Bethesda, MD 20814
Founded: 1927
Team Size: 500000+
Industry: Hospitality

What This Means

This funding round demonstrates strong investor confidence in Marriott International's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Hospitality sector continues to attract significant investment as companies innovate to meet evolving market demands. Marriott International's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $65B valuation marks an important milestone for Marriott International, positioning the company among notable players in the Hospitality industry.

Looking Ahead

With this new capital, Marriott International is well-positioned to execute on its growth strategy and continue building innovative solutions in the Hospitality space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-01-01. For more information about Marriott International, visit their headquarters at 7750 Wisconsin Avenue, Bethesda, MD 20814.