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MARRIOTT COMPLETES TRANSFER OF HOTELS TO ITT SHERATON

 MARRIOTT COMPLETES TRANSFER OF HOTELS TO ITT SHERATON
 WASHINGTON, Aug. 27 /PRNewswire/ -- Marriott Hotels, Resorts and


Suites announced today that it has completed the transfer of seven properties to ITT Sheraton Corporation. Marriott said the consideration in the transaction totaled approximately $160 million, a substantial portion of which will be used to reduce corporate debt.
 Included in the transaction are properties located in Alexandria, Va.; Columbus (Worthington), Ohio; Dallas (Market Center); Kansas City (Country Club Plaza), Mo.; Wilmington, Del.; Elk Grove, Ill.; and Paris, France.
 Sheraton operation of the hotels went into effect today.
 -0- 8/27/92
 /CONTACT: Gordon Lambourne or June Farrell of Marriott, 301-380-1340/
 (MHS) CO: Marriott Hotels, Resorts and Suites; ITT Sheraton Corporation ST: District of Columbia IN: LEI SU:


TW -- DC022 -- 4127 08/27/92 16:53 EDT
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Publication:PR Newswire
Date:Aug 27, 1992
Words:133
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