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MARRIOTT TO TRANSFER EIGHT PROPERTIES TO ITT SHERATON

 MARRIOTT TO TRANSFER EIGHT PROPERTIES TO ITT SHERATON
 WASHINGTON, Feb. 20 /PRNewswire/ -- Marriott Hotels, Resorts and


Suites announced today it has signed a letter of intent to transfer eight properties to ITT Sheraton Corporation. Terms of the agreement were not disclosed by Marriott.
 Included in the transaction will be properties located in Alexandria, Va.; Columbus (Worthington), Ohio; Dallas (Market Center); Kansas City (Country Club Plaza), Mo.; Wilmington, Del.; Elk Grove and Deerfield, Ill.; and Paris.
 Marriott said proceeds from the transfer will be used to reduce corporate debt. The transfer is expected to be completed this summer.
 -0- 2/20/92
 /CONTACT: Roger Conner, vice president-communications, Marriott Hotels, Resorts and Suites, 301-380-1340/
 (MHS) CO: Marriott Corporation; Marriott Hotels, Resorts and Suites; ITT
 Sheraton Corporation ST: District of Columbia IN: LEI SU:


MK -- DC017 -- 0911 02/20/92 12:14 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 20, 1992
Words:140
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