Marriott International, Inc., founded in 1927 and headquartered in Bethesda, Maryland, is a leading global hospitality company focused on delivering exceptional travel experiences. The company operates, franchises, and licenses a broad portfolio of hotels and related lodging facilities, including renowned brands such as Marriott Hotels, Sheraton, and Ritz-Carlton, catering to both leisure and business travelers alike.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Marriott began issuing bonds in the late 1980s as part of its capital-raising strategy to fund expansions and acquisitions. Notable issuances include a $1 billion bond in 2017 that helped finance the acquisition of Starwood Hotels & Resorts, which significantly expanded Marriott's global footprint. Current yields on Marriott's bonds are competitive with industry averages, reflecting a stable credit profile. Recent news highlights the company’s issuance of sustainable bonds aimed at financing initiatives to reduce its carbon footprint, signifying a commitment to environmental responsibility while attracting environmentally-conscious investors.