Press Release
BETHESDA, Md. and ORLANDO, Fla. – October 20, 2011 – Marriott International, Inc. (NYSE: MAR) announced today that it will provide a live webcast of a security analyst meeting to be held by Marriott Vacations Worldwide Corporation on October 28, 2011.
As previously disclosed, Marriott International plans to spin off its timeshare business, which will become Marriott Vacations Worldwide Corporation, the world’s leading “pure-play” public timeshare company, later in 2011. Upon spin-off, Marriott Vacations Worldwide expects to trade on the New York Stock Exchange under the ticker symbol “VAC”.
The security analyst conference will include presentations by Marriott Vacations Worldwide’s senior management from 8:30 am to noon Eastern Time (ET). The new company’s management will discuss the company’s business strategies, competitive advantages, and growth opportunities.
Key speakers from Marriott Vacations Worldwide include:
- Stephen P. Weisz, president and chief executive officer
- ohn Geller, executive vice president and chief financial officer
- Lee Cunningham, executive vice president and chief operating officer
- Brian Miller, executive vice president, sales, marketing and service operations
- Lani Kane-Hanan, executive vice president and chief growth and inventory officer
- Joe Bramuchi, vice president, capital markets, treasury and financial risk management
Carl Berquist, Marriott International’s executive vice president and chief financial officer, is also expected to make remarks. Presentation slides and audio from the meeting will be provided through the live webcast via Marriott International’s investor relations web site, www.marriott.com/investor. Copies of the slides will be available for download at approximately 8:00 a.m. ET on October 28.
Those wishing to access the webcast should log onto http://www.marriott.com/investor and click on the Marriott Vacations Worldwide Security Analyst Meeting link under the “Recent & Upcoming Events” tab. Presentation materials from the meeting and the webcast replay will be available online after the meeting as well. Investor and analyst questions concerning the webcast should be addressed to Marriott Investor Relations at (301) 380-1379.
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About Marriott Vacations Worldwide Corporation
Marriott Vacations Worldwide Corporation expects to be the world’s leading “pure-play” timeshare company upon its spin-off from Marriott International, Inc. Since entering the timeshare industry in 1984, Marriott earned its position as a leader and innovator in vacation ownership products. In late 2011, Marriott Vacations Worldwide is expected to be established as a separate, publicly traded company. Marriott Vacations Worldwide will offer a diverse portfolio of quality products, programs and management expertise with more than 60 resorts and over 400,000 Owners and Members. Its brands include: Marriott Vacation Club, Grand Residences by Marriott and The Ritz-Carlton Destination Club.