Marriott Vacations Expands In Arizona, Eyes Top-Line Growth
Zacks Investment Research | May 22, 2019 07:33AM ET
Marriott Vacations Worldwide Corporation (NYSE:VAC) has announced that one of its operating businesses, Aqua-Aston Hospitality, added CopperWynd Resort & Club in Scottsdale, AZ, in its portfolio. Aqua-Aston Hospitality already holds nearly 40 properties and CopperWynd would be its first property in Arizona.
The 32-roomed property will be located in close proximity to the Phoenix airport and will feature Marriott Vacations’ luxury offerings. The property is currently undergoing an extensive $60-million renovation and expansion. It is slated to open in 2020.
The move not only underscores Marriott Vacations’ expansion strategies but is also in line with the company’s differentiated offerings to attract more customers. Backed by a strong brand presence, shares of the company have gained 37.2% so far this year, outperforming the Zacks Investment Research
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