What is the status of Host Marriott Services, Sodexho Marriott, and Crestline Capital?
These three companies are no longer publicly held. In 1999, Host Marriott Services was purchased by Autogrill S.p.a. for $15.75 cash per share and was renamed HMS Host. In 2002, Crestline Capital merged with Barcelo Hotels and Resorts and Crestline stockholders received $34.00 cash per share. In 2001, Sodexho Marriott Services merged with SMS Acquisition Corp and became a wholly owned subsidiary of Sodexho Alliance. Sodexho Marriott shareholders received $32.00 cash per share.
What is Marriott's Mission Statement?
Marriott International does not have a mission statement; rather, we have a vision statement which is "To be the #1 hospitality company in the world."
What is Marriott's ticker symbol and cusip number?
The ticker symbol of Marriott International Class A common stock is MAR. Its cusip number is 571-903-202. The stock trades on the New York Stock Exchange and other U.S. exchanges.
Who is Marriott International's transfer agent?
Marriott International's transfer agent is:
Computershare Shareholder Services
(formerly BNY Mellon Shareowner Services)
P.O. Box 43078
Providence, RI 02940-3078
1-800-311-4816 (U.S. and Canada)
Computershare can assist shareholders of record with questions regarding stock transfers, dividend payments, address changes, enrollment in the Dividend Re-Investment Plan, lost stock certificates, and other matters.
Does Marriott have a Dividend Reinvestment Plan?
Shareholders should contact Marriott's transfer agent (listed above) to enroll in the Dividend Re-Investment Plan, which includes a dividend reinvestment plan and other convenient purchase and sale services. Enrollment materials are available on Computershare's website at www.computershare.com/investor.
Can you explain Marriott's spinoffs since 1993?
The following chronology explains the various spinoffs since 1993. For tax implications of these transactions, review the charts at Marriott's investor relations website.
Marriott International was spun off from Marriott Corporation. At the same time, old Marriott Corporation changed its name to Host Marriott Corporation. Shareholders were not required to tender in old Marriott Corporation certificates. Shareholders received one share of Marriott International for each Marriott Corporation share owned. Following the spinoff, Host Marriott Corporation owned lodging and senior living real estate (managed by Marriott International) and operated the airport and toll road food and merchandise business. Marriott International managed and franchised hotels and retirement communities and operated the management services and distribution businesses.
Host Marriott Services Corporation was spun off from Host Marriott Corporation. Shareholders received one share of Host Marriott Services Corporation for every five Host Marriott Corporation shares owned. Fractional share value was paid in cash.
Following the spinoff, Host Marriott Services operated the airport and toll road food and merchandise business and Host Marriott Corporation focused on hotel and senior living service real estate.
The current Marriott International was spun off from the old Marriott International. The current Marriott International remains in the hotel management and franchise business. Old Marriott's Management services business merged with the U.S. operations of Sodexho to form Sodexho Marriott Services, the largest management services company in the U.S.
Following the spinoff and merger, shareholders with one share of old Marriott International owned one share of Marriott International Class A common, one share of Marriott International common, and .25 shares of Sodexho Marriott Services. Shareholders were required to tender their old Marriott International shares to receive their shares in Sodexho Marriott Services. Fractional share value was paid in cash.
Following a shareholder vote, each share of Marriott International common was converted into one share of Marriott International Class A common. Shareholders were not required to tender their Marriott International common.
Crestline Capital Corporation was spun-off from Host Marriott Corporation. Shareholders received one share of Crestline Capital Corporation for every 10 Host Marriott Corporation shares owned. Fractional share value was paid in cash.
As part of the spinoff, Host Marriott transferred to Crestline all the senior living communities previously owned by Host Marriott, and Host Marriott entered into lease or sublease agreements with Crestline for substantially all of Host Marriott's lodging properties. The spinoff permitted Host Marriott to convert to a Real Estate Investment Trust. Following the spinoff, Crestline became the largest and best capitalized independent hotel leasing company in the U.S.
Host Marriott Corporation converted to a Real Estate Investment Trust. To receive dividends from the REIT, shareholders were required to tender old Host Marriott Corporation certificates and receive new Host Marriott Corporation certificates.
Host Marriott Corporation declared a special dividend. Each shareholder had the option to receive either (a) $1.00 or (b) 0.087 share of Host Marriott Corporation Common Stock for each share owned on December 28, 1998. Shareholders who did not state a preference were issued stock. To receive the special dividend, shareholders were required to tender their old Host Marriott Corporation certificates.
Host Marriott Services was purchased by Autogrill S.p.a. for $15.75 cash per share and was renamed HMS Host.
Sodexho Marriott Services merged with SMS Acquisition Corp. and became a wholly owned subsidiary of Sodexho Alliance. Sodexho Marriott shareholders received $32.00 cash per share.
Crestline Capital merged with Barcelo Hotels and Resorts. Crestline stockholders received $34.00 cash per share.
Marriott Vacations Worldwide Corporation was spun off from Marriott International. Shareholders received one share of Marriott Vacations Worldwide Corporation for every ten Marriott International shares owned. Fractional share value was paid in cash.
Does Marriott International have dual class stock?
From March 27, 1998 to May 21, 1998, Marriott International had two classes of stock outstanding, but converted its Marriott International common shares to Marriott International Class A common on May 21, 1998.
Can I buy or sell stock through the company?
Existing shareholders can buy or sell stock through the company's direct stock purchase plan, which includes a dividend reinvestment program (DRIP). Shareholders should contact Computershare Shareholder Services for plan information.
What is Marriott's fiscal year?
Prior to 2013, Marriott International's fiscal year ended on the Friday nearest to December 31. Marriott's first through third quarters were 12 weeks long, while the company's fourth quarter typically was 16 weeks long.
Starting in 2013 Marriott moved to a traditional 12 month calendar year.
Does Marriott have public debt outstanding?
Marriott International has the following public debt issues outstanding: click here
When is the next annual meeting of shareholders?
Marriott International's 2013 Annual Shareholders Meeting is expected to be held on May 10, 2013 at 10:30 am ET at the JW Marriott Hotel Washington D.C.
Who do I contact about lodging development information and opportunities?
You can call (301) 380-3200 or go to our development website.
Do shareholders receive special pricing at Marriott hotels?
Marriott International discontinued this program in the mid-1990s as it became difficult to monitor the program and as the cost of maintaining the program was cost prohibitive based on the number of shareholders that participated.
Our auditor is Ernst & Young LLP of McLean, Virginia.
How can I get assistance regarding a customer service issue?
Our customer service department values your comments and suggestions and would like to hear from you. It is easy to reach our customer service department by email by using the form on the reservations 'Contact Us' page. Pick the category that best meets your needs from the drop down box in the "General Topic" field, include the name of the hotel if applicable, enter your comments and send.
Who do I contact regarding Marriott employment opportunities?
Employment information is available on our Careers page.
How can I contact Marriott Investor Relations?
You can contact Marriott Investor Relations via the following options: