(Marriott earnings report updated with results.)
BETHESDA, Md. ( TheStreet) -- Marriott International ( MAR) reported a 21.7% jump in quarterly profit but results missed expectations as travel demand in North America slowed.
Barclays upped Marriott's (MAR) stock price target to $80 due to its completed $13 billion acquisition of Starwood Hotels & Resorts (HOT).
On Friday, Marriott International finalized its $13 billion acquisition of Starwood Hotels, creating the world's largest hotel company.
Marriott (MAR) announced Friday morning that it has acquired Starwood Hotels & Resorts (HOT) for $13 billion.
Marriott (MAR) and Starwood Hotels & Resorts (HOT) $13 billion deal closed on Friday morning.