MARRIOTT INTERNATIONAL, INC. (NASDAQ:MAR) Files An 8-K Regulation FD Disclosure

ME Staff 8-k
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MARRIOTT INTERNATIONAL, INC. (NASDAQ:MAR) Files An 8-K Regulation FD Disclosure
Item 7.01

Regulation FD Disclosure.

On October 17, 2017, a subsidiary of Marriott International (“Marriott”) sold the Sheraton Centre Toronto Hotel, which is owned on a long-term ground lease, for approximately C$335 million. Marriott retains a long-term management agreement for the 1,372-room property located in downtown Toronto in Ontario, Canada. The Hotel will undergo a renovation primarily covering the lobby and other public areas.


About MARRIOTT INTERNATIONAL, INC. (NASDAQ:MAR)

Marriott International, Inc. is a lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It operates through three segments: North American Full-Service, which includes brands, such as The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Marriott Hotels, Delta Hotels and Resorts, and Renaissance Hotels located in the United States and Canada; North American Limited-Service, which includes brands, such as AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites properties and Fairfield Inn & Suites located in the United States and Canada, and International, which includes brands, such as Bulgari Hotels & Resorts, Protea Hotels and Moxy Hotels located outside the United States and Canada. Its loyalty programs include The Ritz-Carlton Rewards and Starwood Preferred Guest.