Marriott International
Marriott International Raises $60B in Public
Quick Facts
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.
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