Marriott International, Inc. said today that on December 2 it received a
$36.25 million payment from the property insurer for the New York Marriott
World Trade Center hotel. Marriott International, the operator of the
hotel, received the payment in connection with the loss of the hotel and
the settlement of all outstanding matters related to the events of
September 11, 2001.
MARRIOTT INTERNATIONAL, INC. is a leading worldwide hospitality company
with over 2,600 lodging properties across 14 lodging and 4 timeshare
brands in the United States and 68 other countries and territories. The
company is headquartered in Washington, D.C., has approximately 128,000
employees, and was ranked as the lodging industry`s most admired company
and one of the best places to work for by FORTUNE(R). For more information
or reservations, please visit our web site at http://www.marriott.com/.