secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT INTERNATIONAL INC /MD/ (MAR)
CIK:        0001048286
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001628280-21-021312
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marriott Q3 RevPAR down 26% vs 2019 but strong recovery; adjusted EPS $0.99
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- Comparable systemwide RevPAR +118.4% YoY, still down 25.8% vs Q3 2019; U.S. & Canada down 19.9% vs 2019.
- Reported diluted EPS $0.67 (vs $0.31); adjusted diluted EPS $0.99 (vs $0.13); adjusted EBITDA $683M (vs $327M).
- Issued $700M 2.75% Series II Notes due 2033; retired $1.0B of 5.75% Series EE Notes via cash tender.
- Added 17,456 rooms in Q3; development pipeline ends at 2,769 properties / ~477,000 rooms.
- Now expects 2021 full-year net rooms growth of ~3.5%; investment spending $525-550M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048286/000162828021021312/0001628280-21-021312-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048286/000162828021021312/mar-20211103.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-021312

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer