Marriott International (MAR) Board Member Buys $261k in Stock
Margaret M McCarthy, a member of the board of directors at Marriott International (MAR), bought 2,000 shares of the company’s common stock on May 14. At $130.83 per share, McCarthy paid a total of $261,662 for the new shares.
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About Marriott International
Marriott operates 1.3 million rooms across roughly 30 brands. Luxury represents nearly 10% of total rooms, while full service, limited service, and timeshares are 45%, 44%, and 2% of all units, respectively. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represent 95% of total rooms. North America composes 67% of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.