OTHER NEWS - March 9, 1993

Marriott Nearing Bondholder Accord: Marriott Corp. may reach an agreement as early as this week with bondholders angered by its controversial restructuring plan, a company spokesman said. “We expect to have an announcement regarding an agreement with bondholders soon, possibly this week,” a Marriott spokesman said. Marriott in December said it was holding talks with bondholders to modify its restructuring plan, under which it would spin off its profitable hotel management arm from its real estate holdings, which are saddled with about $3 billion in debt. A source familiar with the talks said the agreement would entail shifting some debt and assets to the hotel arm, to be named Marriott International.