The Luxury Blogger » marriott international inc http://luxury-blogger.com The Luxury Blogger writes about all things luxurious. Luxury automobiles, luxury gadgets, luxury yachts, luxury travel and luxury real estate. Sat, 04 Feb 2012 22:50:15 +0000 en hourly 1 admin admin Just another WordPress weblog No No Marriott Announces Timeshare Segment Charge; Notes Third Quarter 2009 REVPAR Ahead of Expectations http://luxury-blogger.com/marriott-announces-timeshare-segment-charge-notes-third-quarter-2009-revpar-ahead-of-expectations http://luxury-blogger.com/marriott-announces-timeshare-segment-charge-notes-third-quarter-2009-revpar-ahead-of-expectations#comments Wed, 30 Sep 2009 09:46:45 +0000 admin http://luxury-blogger.com/?p=303 Marriott International, Inc. (“Marriott”) (NYSE:MAR) today announced third quarter 2009 pre-tax impairment charges of approximately $760 million associated with its timeshare segment. The charges largely relate to the company’s plans to reduce prices and development at luxury fractional and residential resorts to accelerate cash flow. “The decisions we announced today were made to enable us to drive long-term cash flow and profitability in our timeshare business,” said Arne Sorenson, Marriott’s president and chief operating officer.

More on Marriott Announces Timeshare Segment Charge; Notes Third Quarter 2009 REVPAR Ahead of Expectations

]]> http://luxury-blogger.com/marriott-announces-timeshare-segment-charge-notes-third-quarter-2009-revpar-ahead-of-expectations/feed 0 Greenbrier Resort Files Chapter 11 Bankruptcy http://luxury-blogger.com/greenbrier-resort-files-chapter-11-bankruptcy http://luxury-blogger.com/greenbrier-resort-files-chapter-11-bankruptcy#comments Wed, 25 Mar 2009 16:16:03 +0000 admin http://luxury-blogger.com/?p=168 greenbrier-goes-broke

Is nothing sacred? What with Ferreti yachts going broke, Donald Trump being sued after the failure of his Baja Hotel condo complex, and the Royal Bank of Scotland being conned out of £4.5 million – the latest in a seemingly endless line of high profile bankruptcies is the Greenbrier resort in West Virginia.

More on Greenbrier Resort Files Chapter 11 Bankruptcy

]]> http://luxury-blogger.com/greenbrier-resort-files-chapter-11-bankruptcy/feed 0