Company Press Release: Marriott International, Inc.
February 4, 2000
WASHINGTON, DC -- Marriott International, Inc. (NYSE: MAR) yesterday announced that its board of directors has
approved the purchase of an additional 25 million shares of the company's common stock, representing approximately
ten percent of outstanding shares. The shares will be purchased from time to time in the open market.
The company said it repurchased 10.8 million shares of its common stock in 1999, and has acquired 3.4 million shares
to date in 2000 (as of Feb. 2). The company now has authority to buy back an additional 27 million shares. Marriott
International had approximately 246.9 million common shares outstanding as of January 1, 2000.
MARRIOTT INTERNATIONAL, INC. is a leading worldwide hospitality company with over 2,000 operating units in the
United States and 55 other countries and territories. Marriott Lodging operates and franchises hotels under the
Marriott, Ritz-Carlton, 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 executive apartments and conference centers, and provides furnished corporate
housing through its ExecuStay by Marriott division. Other Marriott businesses include senior living communities
and services, wholesale food distribution, and procurement services. The company is headquartered in Washington,
D.C. and has approximately 143,000 employees. In fiscal year 1998, Marriott International reported total sales
of $8.0 billion.
SOURCE: Marriott International, Inc.