Wednesday, April 7, 2010 as of 11:14 AM ET
Marriott International, Inc. () is an American-based worldwide operator and franchisor of a broad portfolio of hotels and related lodging facilities.
Read More at Wikipedia ›The bankruptcy court granted the owner of several well-known luxury resorts continued control over its case by giving the company until June 24 to exclusively file a plan of reorganization.
The extension, MSR Resort Golf Course LLC's third, gives the power to file a plan of reorganization to the company alone, warding off rival plans that could split the votes needed to confirm a plan. The company also can solicit votes exclusively for its plan until Aug. 24.Before Judge Sean Lane of the U.S. Bankruptcy Court in Manhattan gave the resorts more time on Friday, this exclusivity timeline had been set to expire Monday.The group of five resorts, owned by hedge fund Paulson & Co., received court approval in March to sell one resort, the Doral Golf Resort & Spa in Miami, to Donald Trump's Trump Organization for $150 million. Although that sale was intended to help the company's balance sheet, the four other resorts continue to languish in Chapter 11, complicating the confirmation of a reorgani...DOW JONES NEWSWIRESMarriott International Inc. (MAR) unveiled plans to double its number of hotels in the Caribbean and Latin America within the next five years, as ...
Hilton Worldwide is ready to accelerate its expansion plans for China and could launch a brand targeted at Chinese travelers, as the owner of the iconic hotel chain ...
InterContinental Hotels Group PLC (IHG.LN) Monday said it's launching a new upscale hotel chain in China , as the world's biggest hotel operator by number of rooms s...
Companies in the travel industry seem to be finding more ways to get you to open your wallet. At a time when travelers are looking to save, prices are actually risin...
The weekly record for high-grade corporate bond issuance is within reach but unlikely to be broken just yet, while Coca-Cola Co. (KO) is on track to price part of a ...
The apartment sector, one of the best-performing of the commercial real-estate market in recent years, is starting to lose some appeal for investors.Last year, resid...
A bankruptcy judge on Friday signed off on a $150 million sale of the Doral Golf Resort & Spa in Miami to a company controlled by Donald Trump ."I'm happy to approve...
Marriott International Inc. (MAR) launched terms for its $400 million offering of seven-year notes in the U.S. credit markets Wednesday, according to a person famili...
Marriott International Inc. (MAR) plans to issue $350 million in the U.S. credit markets Wednesday, according to a person familiar with the matter.The bonds are expe...
A bankruptcy judge on Tuesday approved a settlement between the owner of several well-known luxury resorts and Marriott International Inc. (MAR) over damages that th...
DOW JONES NEWSWIRESMarriott International Inc.'s (MAR) fourth-quarter earnings fell 18% as charges related to the spinoff of its timeshare business weighed on bottom...
Marriott International earned $141 million, or 41 cents a share in the fourth quarter, down from $173 million, or 46 cents a share in the same period of 2010. On an ...
Marriott International Inc, the hotel company, said on Friday it raised its quarterly dividend by 30 percent to 13 cents a share from 10 cents.The new dividend is pa...
Marriott International Inc. (MAR) raised its quarterly dividend 30% and also said it will shift to a calendar fiscal year beginning in 2013.The 3-cent increase bring...
Marriott International said Thursday that it had inked a deal with Galaxy Entertainment Group for a long-term management agreement that covers more than 1,300 rooms,...
One of the most difficult transitions American workers are having to make right now is the prospect of taking a lower-paying job. At this point in the unemployment c...
Arne Sorenson, Marriott International CEO & president, on the company’s success in the U.S., plus the growing opportunities in Europe and Latin America.
These stocks reached one-year highs:While trading on above-average volume, eBay (NASDAQ:EBAY) climbed today, reaching and then surpassing its previous 52-week high o...
Marriott International Inc.'s (MAR) first-quarter earnings rose 3% as average daily rates improved and revenue per available room grew more than expected, though tot...
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