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WHAT THE HELL HAPPENED TO MARRIOTT BILL MARRIOTT SWALLOWED HARD AND TRIED TO IGNORE THE pounding in his chest. [unkeyable] It was October 2, 1989, a cold, rainy Monday, and [...]

The recent National Basketball Assn All-Star Weekend at the Delta Center in Salt Lake City gave Marriott Corp an opportunity to earn large revenues. Marriott Corp officials reported that the company earned more than $275,000 from food and beverage revenues. They stated that per capita spending on an all-star game was nearly double that of regular season games, and demand was so great that additional food and beverage units had to be brought in., The National Basketball Assn. (NBA) All-Star Weekend at the Delta Center in Salt Lake City meant great food and beverage business for Marriott Corp., concessionaires at the facility. Marriott grossed [...]

Turnover and profits at four-star hotel group Marriott have continued to fall, but Whitbread chief executive David Thomas remains 'convinced' of the group's future prospects. In the six months to [...]

EUROPE Hungarian tourist figures remain static Six million people booked into tourist accommodation in Hungary during 2002, 1% down on 2001, says the country's central statistics office. Revenues were US$374.8m [...]

Major hotel chains in the UK have made no big changes to prepare for the New Year introduction of the euro as hard currency in Europe. Marriott, Travel Inn, Le [...]

EARNINGS DOWN IN MOST SECTORS; ON-LINE AGENCIES APPROACH PROFITABILITY Travel being seasonal, the industry's financial reports tend to shine brighter in the third quarter than in the first, but this […]

Starwood, a major player in the Hawaii tourism industry as owner of the Sheraton and Westin chains, has written off $19 million in Internet investments. Starwood invested in Lastminute.com, which [...]

Bethesda-based Host Marriott reported third-quarter funds from operations -- the main financial measure of public real estate investment trusts -- rose 20 percent to 42 cents a share, compared with [...]

Sabre has announced that Marriott's lodging brands have generated $1 billion in revenue through the CRS in 1999. That's an industry record for revenue generated in a year by a […]

The gloom and despair that enveloped all travel-related businesses following the Sept. 11 tragedy has turned to cautious optimism among Westchester hotels and meeting centers. Airlines have increased flights from [...]

Marriott Corp's planned restructuring has triggered a heated debate over the rights of bond holders. Marriott's plan, which would divide the company into two entities, has angered holders of the company's debt since the stock split proposed as part of the restructuring plan benefits equity holders at the expense of bond holders. While the proposal has enraged debt holders, who have responded to its announcement with the filing of a series of securities fraud suits, the stock market has greeted the stock split very favorably, with Marriott stock rising sharply since the plan was first unveiled in Oct 1992. A key factor behind the bullishness over Marriott's radical restructuring plan is the perception that the company is on solid legal ground. However, the gains made on the stock market may yet exact a heavy toll on Marriott since its credibility as an issuer of debt has been badly tarnished, perhaps irreparably., Like Pandora and her proverbial box, the management of Marriott Corp., Washington, DC, may not have known what it was opening up when it announced an unusual division of the [...]

A group of bondholders, including PPM America Inc, of Chicago, IL, has proposed a new 'Marriott Risk Covenant' intended to prevent steep losses in bond values resulting from corporate restructurings. PPM America, part of a group owning $60 million in Marriott Corp notes, is suing Marriott for securities fraud related to the proposed restructuring the hotel chain announced in Oct 1992. The new covenant could alter restructuring activity and transactions, proponents said.

Marriott Corp.'s Per Caps Up By 10 Percent Branding, increased efficiency and close to $1 million in capital improvements have helped Marriott Corp. improve per capita spending by 10 percent [...]

Marriott's troubles spill into Arizona Action on 10-plus projects put on hold Marriott Corp., building with a fury in the Valley last year, has halted all new construction and indefinitely [...]

Profit plunge, credit crunch prompt Marriott cost cutting WASHINGTON -- Faced with sluggish occupancy rates, a stagnant real-estate market and a shaky economy, Marriott Corp. is tightening its belt to [...]

Financing for three Downtown hotels tightens Commercial development is not the only industry feeling the nationwide real estate lending squeeze. A recent survey shows that investor interest in hotel and [...]

GROWING PAINS AT MARRIOTT? By dumping much of its foodservice business, the hospitality giant points the spotlight squarely on lodging. How do they do it? It's a tribute to Marriott [...]