| Stage | H | % of rev | MAR | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.7B | 100.00% | $7.0B | 100.00% | MAR ×4.02 |
| Gross profit | $384M | 22.03% | $1.5B | 22.03% | 0.0pp |
| Operating income | $138M | 7.92% | $1.3B | 18.19% | MAR +10.3pp |
| Pre-tax income | $79M | 4.53% | $1.1B | 15.13% | MAR +10.6pp |
| Net income | $61M | 3.50% | $794M | 11.33% | MAR +7.8pp |
| Stage | H | MAR | Gap · A − B |
|---|---|---|---|
| Revenue | $1.7B100.00% | $7.0B100.00% | MAR ×4.02 |
| Gross profit | 22.03%$384M | 22.03%$1.5B | 0.0pp |
| Operating income | 7.92%$138M | 18.19%$1.3B | MAR +10.3pp |
| Pre-tax income | 4.53%$79M | 15.13%$1.1B | MAR +10.6pp |
| Net income | 3.50% |
| 11.33%$794M |
| MAR +7.8pp |
H 10-KFeb 13 '26
“Pursuant to our multi-year agreement with Chase, we received a fixed amount at contract inception and generally earn variable amounts, primarily based on cardholder spend, that are paid to us monthly over the term of the agreement.”
MAR 10-KFeb 10 '26
“In the U.S., we have multi-year agreements with JPMorgan Chase and American Express.”
H · VAC 10-KMar 2 '26
“The termination of our license agreements with Marriott International or Hyatt, or our rights to use their trademarks at our existing or future properties, could materially harm our business.”
MAR 10-KFeb 10 '26
“For our timeshare properties, we receive royalty fees under license agreements with Marriott Vacations Worldwide Corporation and its affiliates (collectively, "MVW") for certain brands.”
H · SHO 10-KFeb 27 '26
“As of December 31, 2025, our third-party managers included: subsidiaries of Marriott International, Inc. or Marriott Hotel Services, Inc. (collectively, "Marriott"), managers of six of our hotels; Hyatt Hotels Corporation ("Hyatt"), manager of three of our hotels; and Four Seasons Hotels Limited ("Four Seasons"), Hilton Worldwide Holdings Inc. ("Hilton"), Montage North America, LLC ("Montage"), Sage Hospitality Group ("Sage") and Singh Hospitality, LLC ("Singh") (aka EOS Hospitality), each a manager of one of the Company's hotels.”
MAR · SHO 10-KFeb 27 '26
“In June 2025, we entered into a one-year extension agreement with Marriott to extend the franchise agreement for The Bidwell Marriott Portland until October 2026.”
H · XHR 10-KFeb 24 '26
“Hyatt Regency Santa Clara 505 2013 CA Hyatt Hyatt UU”
MAR · XHR 10-KFeb 24 '26
“Marriott San Francisco Airport Waterfront (4) 688 2012 CA Marriott Marriott UU”
H · INN 10-KFeb 25 '26
“over 99% of our guestrooms operated under premium franchise brands owned by Marriott ® International, Inc. ("Marriott"), Hilton ® Worldwide ("Hilton"), Hyatt ® Hotels Corporation ("Hyatt"), and InterContinental ® Hotels Group ("IHG").”
MAR · INN 10-KFeb 25 '26
“over 99% of our guestrooms operated under premium franchise brands owned by Marriott ® International, Inc. ("Marriott"), Hilton ® Worldwide ("Hilton"), Hyatt ® Hotels Corporation ("Hyatt"), and InterContinental ® Hotels Group ("IHG").”
H · BHR 10-KMar 12 '26
“One hotel property is managed by Hyatt Corporation ("Hyatt"), one is managed by Four Seasons Hotels Limited ("Four Seasons") and five hotel properties are managed by Remington Hospitality.”
MAR · BHR 10-KMar 12 '26
“Six of the 13 hotel properties in our portfolio are managed under brands affiliated with Marriott International, Inc. ("Marriott") and Hilton Worldwide, Inc. ("Hilton").”
H · AHT 10-KMar 23 '26
“We contractually engage hotel managers, such as Marriott, Hilton, Hyatt and our affiliate, Remington Hospitality, which is owned by Ashford Inc., to operate, and to employ the personnel required to operate our hotels.”
MAR · AHT 10-KMar 23 '26
“We contractually engage hotel managers, such as Marriott, Hilton, Hyatt and our affiliate, Remington Hospitality, which is owned by Ashford Inc., to operate, and to employ the personnel required to operate our hotels.”