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.... and continuing on the use of capital and expansion....here is where the Marriott was planning on spending the bulk of its monies for expansion:
"Marriott isn't abandoning the U.S. entirely. The company is expanding lower-budget options across North America. Marriott also has spotted opportunities in U.S. states such as North Dakota, where some towns are building new infrastructure around the energy sector, for new high-end lodging, Mr. Sorenson said."
So I guess, of all the projects the Marriott has planned, where on the list does Marco Island sit. Geez, for monies budgeted for Marco Island convention center expansion, the Marriott could build two high end hotels from scratch in Africa or China!!!!!!
My money is with China and other emerging markets. Mr. Medwedeff has stiff world competition for the $2 billion in capital earmarked by Marriott International. He may have to rely on his sales skills to sell this project to his high level corporate honchos.
And I believe he gave us a glimpse.... ROE!
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