5 Best Hotel Stocks To Buy Now

03. Marriott International, Inc. (NASDAQ:MAR)

Number of Hedge Fund Holders as of Q2, 2022: 46

Marriott International, Inc. (NASDAQ:MAR) was founded in 1927 and is based in Bethesda, Maryland. Marriott International, Inc. (NASDAQ:MAR) operates, franchises, and licenses hotel, residential, and timeshare properties worldwide.

On September 15, Berenberg analyst Stuart Gordon upgraded Marriott International, Inc. (NASDAQ:MAR) to Buy from Hold with a price target of $185, up from $165. The analyst said the fast recovery in lodging has yet to be reflected in the shares. “Even allowing for the threat of a recession moving into 2023, the shape of the recovery means that we expect strong RevPAR increases in 2023 across the sector,” the analyst told investors in a research note.

According to Insider Monkey’s data, 46 hedge funds were bullish on Marriott International, Inc. (NASDAQ:MAR) at the end of June 2022, compared to 52 funds in the earlier quarter. Boykin Curry’s Eagle Capital Management is the leading position holder in the company, with 8.81 million shares worth $1.2 billion.

Here is what Aristotle Capital Management Small Cap Equity has to say about Marriott International Inc. (NYSE:MAR) in its Q1 2022 investor letter:

“Marriott International outperformed in the first quarter following a better-than-expected earnings report for the company’s fourth quarter of 2021. During the pandemic, the company reduced expenses which improved operating leverage as revenue recovers. Expectations for travel in 2022 have improved as COVID cases have declined. The company has a strong pipeline of new hotels coming into the Marriott system. There are some indications that business-related travel is starting to recover.”