Marriott Corporation : The Cost of Capital( Abridged) (บริษัท Marriott : ต้นทุนของเงินทุน (สรุป) ในเดือนเมษายน 1988 Dan Cohrs รองประธานของโครงการการเงินที่บริษัท Marriott ได้มีการเตรียมตัวแนะนำรายปีสำหรับ Hurdle rates(อัตราส่วนลด)ของแต่ละแผนก 3 แผนก โครงการการลงทุนแต่ละจะถูกคัดเลือกโดยอัตราส่วนลดที่เหมาะสมของ แต่ละแผนก ในปี 1987 Marriott มียอดขายเติบโต 24 % ละ ROE มียอดขาย 22% และรายได้ต่อหุ้นเพิ่มขึ้น 2 เท่า จากเมื่อ4ปีก่อน และกลยุทธ์การดำเนินการมีเป้าหมายตามแนวโน้มนี้ต่อไป
Premium
What is the overall weighted average cost of capital for Marriott Corporation? (Use a corporate tax rate of 34%). What type of investments would you value using Marriott’s WACC? Cost of debt：8.95%+1.3%=10.25% Cost of equity：8.95%+1.64*7.43%=21.14% 實際beta=1.11，根據exhibit 1，長期債務為24.99億美元，權益價值為35.64億美元(30元*118.8百萬股)，可以得出D/V=24.99/35.64=41%標的資本結構D/V=60%，所以必需做出調整。 V=D+E，D/V=41%，E/V=59% Beta of asset=(E/V)*beta of equity=0.59*1.11=0.655 Beta of equity=(V/E)*beta of asset=(1/0.4)*0.655=1.64 Risk free
Premium Weighted average cost of capital Finance Investment
EXECUTIVE SUMMARY Marriott International envisions itself to be the world’s lodging leader. Its mission is to provide the best possible lodging services experience to customers who vary in backgrounds‚ language‚ tradition‚ religion and cultures all around the world. Marriot is committed to environmental preservation through using environment-friendly technology and engages in social responsibility and community engagement. We value our shareholder’s so we will only take steps that will ensure
Premium Marriott International Income statement Revenue
Construction Ver. 2.2 Level: Gold candidate Courtyard by Marriott‚ Chevy Chase is a 226room hotel located in the Friendship Heights neighborhood of Chevy Chase‚ MD. The hotel primarily serves the business travelers visiting various corporate headquarters and institutions in the area‚ including National Institutes of Health and GEICO Insurance. The project consisted of an extensive renovation and re-branding from a Holiday Inn to a Courtyard by Marriott while incorporating sustainable features to demonstrate
Premium Leadership in Energy and Environmental Design HVAC Construction
Europe; Comecon; Warsaw Pact There are many factors that contributed to the origins and development of the Cold War‚ such as the clash in ideologies‚ Marshall Aid‚ the creation of North Atlantic Treaty Organization (NATO)‚ various Soviet Policies- just to name a few. Many historians‚ have argued that it was actually Soviet Policies that were essential to the Cold War’s cultivation. Due to the nature of the title‚ this essay will focus on importance of two Soviet Policies: the Warsaw Pact and the Sovietization
Premium Cold War World War II Soviet Union
Marriott International‚ Inc. is a widely recognized and diversified global lodging firm which engages in the franchise and operation of hotels‚ timeshare properties‚ and housing properties. It operates through the following business segments: North American Limited-Service; North American Full-Service; and International. The firm operates hotels the management model‚ franchise model‚ and the leased and owned model. The company operates 16 brands that cover full-service‚ extended-stay hotels‚ and
Premium Financial ratio Financial ratios Marriott International
The Warsaw Uprising of 1944: The Forgotten Heroes of the Poland The end of the Second World War was a time of jubilation. It was the end of a bloody conflict ripe with crimes against humanity. It was the triumph of good over evil against all odds. A victory produced by heroism and bravery of allied soldiers. The end of the war created an enormous amount of optimism about the future. It was a time to rebuild a world that had been left in shambles after half a
Free World War II Soviet Union Joseph Stalin
on to. That’s how the residents in the Warsaw ghetto lived. Always in fear‚ always fighting for freedom‚ but never giving up. Their homes became rooms packed with other Jewish families. Three course meals got reduced to mere bread crumbs a day. Clothes were tarnished‚ living conditions were harsh‚ and yet the Warsaw residents never gave up hope. Instead they kept fighting‚ playing‚ joking‚ organizing‚ resisting; but most importantly they kept dreaming. Warsaw is an important part of Holocaust history
Premium The Holocaust Jews Poland
Hotel Industry/Marriott Analysis Analysis of the Hotel Industry Industry Profile The need for lodging for individuals after traveling a great distance from home has been around since mankind began living inside of dwellings. To serve this need‚ hotels‚ or as they were more commonly referred to‚ inns‚ were created as a means to accommodate these travelers. In fact‚ the first recorded inn in America opened in 1607. Since their introduction they have grown in complexity‚ amenities‚ price‚ and
Premium Hotel chains Hotel Hyatt
go do all of those missions. When all of the jews had to move to the WARSAW GHETTO.The warsaw ghetto smiled down on us as if it were a human .Benn and I had to sneak in and out of the warsaw ghetto. We had to sneak in and out of the ghetto like we were some dogs sneaking in the kitchen for food.We would sneak out of the ghetto so that we can feed are families food to keep everyone alive.all of the jews got sent to the warsaw ghetto.It was trashy barely enough food to keep us living that is why
Premium KILL Jews Judaism