Oct 06, 2005 /PRNewswire via COMTEX/ -- MARRIOTT INTERNATIONAL, INC. Financial Highlights (in millions, except per share amounts) 12 Weeks Ended 12 Weeks Ended September 9, 2005 September 10, 2004 -------------------- -------------------- Percent Synthetic Synthetic Better/ Lodging Fuel Total
MARRIOTT INTERNATIONAL REPORTS OUTSTANDING QUARTER Diluted earnings per share (EPS) totaled $0.65 in the third quarter of 2005 and income from continuing operations was $148 million. Results included a $17 million non-cash pre-tax impairment charge ($0.05 per share after-tax) related to an
WASHINGTON, Sept 12, 2005 /PRNewswire-FirstCall via COMTEX/ -- Marriott International, Inc. (NYSE: MAR) will conduct its 2005 third quarter earnings review for the investment community and news media on Thursday, October 6, 2005, at 10 a.m. Eastern Time (ET).
WASHINGTON, Aug 04, 2005 /PRNewswire-FirstCall via COMTEX/ -- Marriott International, Inc. (NYSE: MAR) today announced that its board of directors declared a quarterly cash dividend of ten and one half cents per share of common stock. The company and its predecessors (old Marriott International,
- Worldwide, systemwide revenue per available room (REVPAR) increased 11.1 percent (10.4 percent using constant dollars) over second quarter 2004, driven by an 8.9 percent increase in average daily rate and a 1.5 percentage point increase in occupancy to over 75 percent; - Incentive management fees grew 44 percent to $52 million, driven by a 170 basis point increase in worldwide property level house profit margins; total fees rose 18 percent to $253 million; - The company opened nearly 6,000 rooms in the second quarter and increased its pipeline of hotels under construction, awaiting conversion, or approved for development to 60,000 rooms. 25,000 to 30,000 rooms are expected to open in 2005; - During the quarter, 7.2 million shares were repurchased for $457 million; - Notes receivable repayments and asset sales, including timeshare notes, yielded proceeds of nearly $700 million during the quarter; - The company expects North American systemwide REVPAR to increase 8 percent to 10 percent for the full year 2005 and expects earnings per share to total $2.68 to $2.78 (including $0.26 for charges associated with the CTF transaction, $0.10 for costs related to the bedding incentive program and $0.49 to $0.51 of income from synthetic fuel operations).
WASHINGTON, June 27, 2005 /PRNewswire-FirstCall via COMTEX/ -- Marriott International (NYSE: MAR) announced today that the Internal Revenue Service (IRS) National Office issued a Technical Advice Memorandum confirming that the synthetic fuel facilities owned by Marriott's synthetic fuel ventures
WASHINGTON, June 23, 2005 /PRNewswire-FirstCall via COMTEX/ -- Marriott International, Inc. (NYSE: MAR), CTF Holdings Ltd., Sunstone Hotel Investors, Inc. (NYSE: SHO), Walton Street Capital, L.L.C., and Tarsadia Hotels announced today that they have substantially completed the set of purchase and
Marriott International To Release Second Quarter 2005 Earnings July 14, 2005 WASHINGTON - June 14, 2005 -- Marriott International, Inc. (NYSE:MAR) will conduct its 2005 second quarter earnings review for the investment community and news media on Thursday, July 14, 2005, at 10 a.m.
WASHINGTON, June 2, 2005 /PRNewswire-FirstCall via COMTEX/ -- Marriott International, Inc. (NYSE: MAR) will tell security analysts and institutional investors at a meeting in Miami Beach that, assuming Revenue per Available Room (REVPAR) growth of 8 to 10 percent for 2005 and 4 to 8 percent from
WASHINGTON, May 26, 2005 /PRNewswire-FirstCall via COMTEX/ -- Marriott International, Inc. (NYSE: MAR) will hold a Security Analyst Meeting on Thursday, June 2, 2005, at 8:30 a.m. (ET), in Miami, Florida. Topics to be discussed at the meeting will include Marriott's brand strategy and long-term