MAR · 10-Q · 2026Q3 · Full report

Acquisition / Partnership / Divestiture

MARRIOTT INTERNATIONAL INC /MD/ · 2026-11-02 · Importance 28 · Surprise 42 · In source text

In May 2026, Marriott sold a U.S. & Canada hotel and entered into a long-term management agreement to continue operating it. In September 2026, Marriott agreed to sell another U.S. & Canada hotel, classified it as held for sale, and recorded an impairment charge because its carrying value exceeded fair value less costs to sell. The company expected to complete that second sale in the fourth quarter of 2026 and enter into a long-term management agreement for the hotel. Both hotel dispositions were accompanied by impairment charges recorded in depreciation, amortization, and other expenses.

Key facts

• In 2026, Marriott executed new multi-year U.S. co-branded credit card agreements with JPMorgan Chase and American Express and expects them to favorably affect future total revenues, primarily cost reimbursement revenue and then franchise fees. source
• In September 2026, Marriott agreed to sell a U.S. & Canada hotel, classified it as held for sale, and expected to complete the sale in the 2026 fourth quarter and enter a long-term management agreement to operate it. source
• Marriott expected to sell the U.S. & Canada hotel later in the 2026 fourth quarter and enter into a long-term management agreement to operate it. source
• Marriott completed the sale of a U.S. & Canada hotel in May 2026 and entered into a long-term management agreement to operate it. source

Impact estimates