MAR

AI Research

St. Regis Kapalua Bay Deal Signed + Morgan Stanley PT $331 → Stock Down 4.2% in Past Week

Marriott International signed an agreement to manage The Resort at Kapalua Bay in Maui, a 25-acre, 146-residence oceanfront property joining St. Regis Hotels & Resorts in 2027 following renovation, expanding its luxury portfolio. Morgan Stanley maintained its Overweight rating while raising the price target from $328 to $331 on March 10, with CEO Anthony Capuano and CRO Drew Pinto presenting at the JPMorgan Gaming & Lodging Forum in Las Vegas on March 12. The stock trades at $313.81 with a quarterly dividend of $0.67 per share, but has declined 4.17% over the past week amid broader consumer discretionary sector pressure.

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