Marriott (MAR +4.2%) provides more details of its global expansion plans, saying it intends to...

|About: Marriott International, Inc. (MAR)|By:, SA News Editor

Marriott (MAR +4.2%) provides more details of its global expansion plans, saying it intends to spend $2B over the next three years on opening hotels and $600M on renovating existing sites. The company plans to double the number of hotels in China to over 100 as it looks to exploit the growth of international tourism and of the local middle class.