MARRIOTT INTERNATIONAL INCREASES CASH DIVIDEND
WASHINGTON, D.C. - April 28, 2000 - Marriott International, Inc. (NYSE: MAR) today announced that its board of directors has declared a quarterly cash dividend of six cents ($0.06) per share of common stock, a nine percent increase in the per share distribution. The dividend is payable July 17, 2000 to shareholders of record as of June 26, 2000. This represents the third dividend increase by Marriott International since it became a public company in March 1998.Contact: Tom Marder
MARRIOTT INTERNATIONAL, INC. (NYSE:MAR) is a leading worldwide hospitality company with over 2,000 operating units in the United States and 57 other countries and territories. Marriott Lodging operates and franchises hotels under the Marriott, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops and operates vacation ownership resorts under the Marriott, Ritz-Carlton and Horizons brands; operates Marriott Executive Apartments; provides furnished corporate housing through its ExecuStay by Marriott division; and operates conference centers. Other Marriott businesses include senior living communities and services, wholesale food distribution, procurement services, and The Ritz-Carlton Hotel Company LLC. The company is headquartered in Washington, D.C., and has approximately 145,000 employees. In fiscal year 1999, Marriott International reported total sales of $8.7 billion.