false0001048286MARRIOTT INTERNATIONAL INC /MD/ 0001048286 2020-01-09 2020-01-09 0001048286 exch:XCHI 2020-01-09 2020-01-09 0001048286 exch:XNGS 2020-01-09 2020-01-09
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________________ 
FORM 8-K
_______________________________________  
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 9, 2020
 _______________________________________ 
MARRIOTT INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
 _______________________________________ 
Delaware
 
1-13881
 
52-2055918
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
 
 
 
 
 
 
10400 Fernwood Road,
Bethesda,
Maryland
 
 
 
20817
(Address of principal executive offices)
 
 
 
(Zip Code)
Registrant’s telephone number, including area code: (301380-3000
 _______________________________________ 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
 
Trading Symbol(s)
 
Name of Each Exchange on Which Registered
Class A Common Stock, $0.01 par value
 
MAR
 
Nasdaq Global Select Market
Class A Common Stock, $0.01 par value
 
MAR
 
Chicago Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
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Item 7.01
Regulation FD Disclosure.
On January 9, 2020, a subsidiary of Marriott International, Inc. (“Marriott”) sold the Sheraton Phoenix Downtown hotel at a price of $268 million to an affiliate of The Blackstone Group Inc. (“Blackstone”). Marriott will continue to operate the hotel under a long-term management agreement with Blackstone.  As part of its strategy to reinvent the Sheraton brand, Marriott acquired the hotel in 2018 and began a transformational renovation to create a showcase hotel for the new Sheraton brand vision. The comprehensive renovation is on track to be completed in the first half of 2020. Located in the heart of Phoenix’s vibrant downtown district, the property is comprised of 1,003 guest rooms and nearly 77,000 square feet of meeting space.   


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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
MARRIOTT INTERNATIONAL, INC.
 
 
 
 
 
Date: January 10, 2020
 
 
 
 
 
By: 
 
/s/ Bao Giang Val Bauduin
 
 
 
 
 
 
 
 
Bao Giang Val Bauduin
 
 
 
 
 
 
 
 
Controller and Chief Accounting Officer


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