M&A - MARRIOTT INTERNATIONAL INC /MD/

Form Type: 10-Q

Filing Date: 2025-05-06

Corporate Action: Acquisition

Type: New

Accession Number: 000162828025022485

Filing Summary: Marriott International, Inc. reported its financial results for the first quarter ended March 31, 2025, showing net income of $665 million, compared to $564 million from the same period in 2024. Revenues increased, driven by base management and franchise fees, as well as cost reimbursement revenues. The company announced its intent to acquire the citizenM brand and related intellectual property for $355 million, with potential earn-out payments of up to $110 million based on future brand growth. The transaction is subject to regulatory approval and expected to close later in 2025. Other financial highlights include an earnings per share of $2.40 on a basic basis, and a comprehensive income of $766 million, reflecting increased revenues balanced by operational costs.