
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, July 23, 1993                   TAG: 9307230126
SECTION: BUSINESS                    PAGE: A-9   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

STOCKHOLDERS TO VOTE ON MARRIOTT'S PLAN TO SPLIT THE COMPANY

Shareholders of Bethesda, Md.-based Marriott Corp. today are to vote on a plan to split the hotel giant into two companies.

Stockholders stand to make lots of money on the plan - they already have, in fact, because Marriott stock has risen almost 60 percent since the split was proposed in October.

But the plan has shocked some bondholders - and triggered lawsuits - because it would shift about $2.1 billion of Marriott's $3 billion in debt to Host Marriott Corp., a real estate-based operation that is the weaker of the two.

"You've got a lot of very grubby, very motivated people saying things," said Stephen Bollenbach, Marriott's chief financial officer.

- The Baltimore Sun

by CNB