Summary
This Form 8-K filing from Marriott International Inc. (MAR) on February 15, 2017, provides updated combined financial information and lodging statistics following the significant acquisition of Starwood Hotels & Resorts. The disclosed information for the periods ending December 31, 2015, and 2016, has been presented as if the acquisition of Starwood and the divestiture of Starwood's timeshare business had occurred on January 1, 2015. This retrospective presentation aims to offer investors a clearer, pro forma view of the combined entity's operational and financial scale. The primary purpose of this filing is to furnish investors with combined unaudited financial data and operational metrics. This allows for a more comprehensive understanding of Marriott's expanded portfolio and its potential implications for future performance. Investors should review this information to assess the combined company's financial position and operational footprint prior to the full integration and reporting of ongoing financial periods.
Key Highlights
- 1Marriott International Inc. (MAR) filed an 8-K on February 15, 2017.
- 2The filing provides combined financial information and lodging statistics for Marriott and the acquired Starwood business.
- 3The data presented is for interim and annual periods ending December 31, 2015, and December 31, 2016.
- 4The financial information has been presented on a pro forma basis, assuming the acquisition of Starwood and the sale of Starwood's timeshare business occurred on January 1, 2015.
- 5This retrospective presentation aims to give investors a clearer view of the combined entity's scale and financial standing.
- 6Exhibit 99 contains the detailed unaudited combined financial information and lodging statistics.