Marriott says it will record $760 million in third-quarter impairment charges as it lowers prices and curbs development in its timeshare business to boost cash flow.
September 23, 2009 at 08:51 AM
1 minute read
Marriott says it will record $760 million in third-quarter impairment charges as it lowers prices and curbs development in its timeshare business to boost cash flow.
Marriott International Inc. plans to reduce residential prices to boost sales and convert certain projects for other uses.
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