---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-033068"
form_type: "8-K"
ticker: "MAR"
cik: "0001048286"
company_name: "MARRIOTT INTERNATIONAL INC /MD/"
filed_at: "2023-09-27T23:59:59+00:00"
generated_at: "2026-06-10T08:02:49.002248+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Marriott targets $10.10-$11.45 adj. EPS by 2025 at analyst day; outlines $11.7-$13.6B shareholder returns

## Summary
- Net rooms to grow 5.0-5.5% CAGR (230k-270k additions), reaching ~1.8M rooms by 2025.
- Adjusted diluted EPS CAGR of 10-15% to $10.10-$11.45 in 2025; 2023 outlook reiterated.
- Adjusted EBITDA target of $5.2-$5.7B by 2025, implying 7-10% two-year CAGR.
- Plans $1.9-$2.0B dividends (25% payout) and $9.8-$11.6B in buybacks over three years.
- Growth priorities: midscale (City Express, StudioRes, Four Points Express), extended stay, luxury (225-pipeline), conversions.

## SEC filing metadata
- accession: 0001628280-23-033068
- form_type: 8-K
- ticker: MAR
- cik: 0001048286
- company_name: MARRIOTT INTERNATIONAL INC /MD/
- filed_at: 2023-09-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1048286/000162828023033068/0001628280-23-033068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1048286/000162828023033068/mar-20230927.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-033068
- JSON: https://secwatch.observer/filing/0001628280-23-033068.json
- Plain text: https://secwatch.observer/filing/0001628280-23-033068.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.