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Posts Tagged ‘ Marriott International ’

Marriott International Focuses on Lodging Management and Franchising, Completing Spin-Off of Vacation Ownership Business

Nov 22nd, 2011 | By Admin | Category: ALL NEWS HEADLINES, Finance, Legal Issues, USA & Canada

BETHESDA, MD (Nov. 22, 2011) — Since its founding nearly 85 years ago, never has Marriott International, Inc. [MAR] been as fully focused on its core lodging management and franchise business as now, concluding yesterday’s spin-off of its timeshare business. To complete the spin-off, equity shares of the new company, Marriott Vacations Worldwide Corporation [...]



Marriott International Board Approves Spin-Off of Marriott Vacations Worldwide Corporation

Oct 26th, 2011 | By Admin | Category: ALL NEWS HEADLINES, Finance, USA & Canada

BETHESDA, MD (Oct. 26, 2011) — Marriott International, Inc. [MAR] has announced that its Board of Directors approved the spin-off of its wholly owned subsidiary, Marriott Vacations Worldwide Corporation, through the distribution of shares to holders of Marriott International common stock. The Board of Directors also set the distribution ratio, record date, and distribution date [...]



Marriott International to Provide Live Webcast of Marriott Vacations Worldwide Corporation Security Analyst Meeting on October 28

Oct 21st, 2011 | By Admin | Category: ALL NEWS HEADLINES, Finance, USA & Canada

BETHESDA, Md. and ORLANDO, FL (Oct. 21, 2011) — Marriott International, Inc. (NYSE: MAR) has announced that it will provide a live webcast of a security analyst meeting to be held by Marriott Vacations Worldwide Corporation on October 28, 2011.
As previously disclosed, Marriott International plans to spin off its timeshare business, which will become Marriott [...]



Marriott International Announces Release Date for Third Quarter 2011 Earnings

Sep 13th, 2011 | By Admin | Category: ALL NEWS HEADLINES, Finance, USA & Canada

BETHESDA, MD (Sept. 13, 2011) — Marriott International, Inc. (NYSE: MAR) will report third quarter 2011 earnings results on Wednesday, October 5, 2011, at approximately 5:00 pm Eastern Time (ET). The company will hold a conference call for the investment community to discuss its third quarter 2011 earnings on Thursday, October 6, 2011 at [...]



Marriott International Reports Second Quarter 2011 Results

Jul 14th, 2011 | By Admin | Category: ALL NEWS HEADLINES, Finance, USA & Canada

BETHESDA, Md. (July 14, 2011) –
SECOND QUARTER HIGHLIGHTS

Diluted earnings per share (EPS) totaled $0.37, a 19 percent increase over prior year results;
Worldwide comparable systemwide REVPAR rose 7.7 percent using actual dollars. Average daily rate rose 4.5 percent using actual dollars;
At the end of the second quarter, the company’s worldwide pipeline of hotels under construction, [...]



Marriott International Subsidiary Files SEC Form 10 for Planned Spin-Off by Year-End of Vacation Club Business

Jun 29th, 2011 | By Admin | Category: ALL NEWS HEADLINES, Finance, Legal Issues, USA & Canada

BETHESDA, Md (June 29, 2011) — Marriott International, Inc. (NYSE: MAR) marked progress yesterday toward the planned spin-off by year-end of its vacation club business into a separate publicly traded company, announcing that its subsidiary, Marriott Vacations Worldwide Corporation, the new corporate name for the vacation club business upon spin-off, has filed an initial Form [...]



Marriott International Reports First Quarter 2011 Results

Apr 21st, 2011 | By Admin | Category: ALL NEWS HEADLINES, Finance, USA & Canada

BETHESDA, MD (April 21, 2011) — Marriott International, Inc. (NYSE: MAR) yesterday reported first quarter 2011 results, exceeding the company’s prior year results.
FIRST QUARTER HIGHLIGHTS

First quarter diluted earnings per share (EPS) totaled $0.26, an 18 percent increase over prior year results;
Total fee revenue increased 9 percent from the year-ago quarter to $279 million as a [...]



Marriott International Fourth Quarter Report, Plans to Spin Off Timeshare Business

Feb 15th, 2011 | By Admin | Category: ALL NEWS HEADLINES, Finance, USA & Canada

BETHESDA, MD (Feb. 14, 2011) — Marriott International, Inc. (NYSE: MAR), in addition to reporting its fourth quarter and full year 2010 results yesterday, announced a plan to split the company’s businesses into two separate, publicly traded companies. Marriott International expects to spin off its timeshare operations and development business as a new independent company [...]



Marriott International Reports First Quarter Results

Apr 22nd, 2010 | By Admin | Category: ALL NEWS HEADLINES, Finance, USA & Canada

BETHESDA, MD (April 22, 2010) — Marriott International, today reported first quarter 2010 results, exceeding its revenue per available room (REVPAR) and diluted earnings per share (EPS) expectations.
FIRST QUARTER 2010 RESULTS
First quarter 2010 net income totaled $83 million, a 5 percent decline compared to first quarter 2009 adjusted net income. Diluted EPS totaled $0.22, down [...]



Marriott International Reports Fourth Quarter Results

Feb 12th, 2010 | By Admin | Category: ALL NEWS HEADLINES, Finance, USA & Canada

BETHESDA, MD – February 12, 2010 – Marriott International, Inc. (NYSE:MAR) yesterday reported fourth quarter and full year 2009 results.
FOURTH QUARTER 2009 RESULTS
Fourth quarter 2009 adjusted income from continuing operations attributable to Marriott totaled $118 million, a 2 percent decline over the year-ago quarter, and adjusted diluted earnings per share (“EPS”) from continuing operations attributable [...]