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BRIEFLY

Real Estate

July 24, 1993|From Times Staff and Wire Reports

Marriott Shareholders OK Split: Marriott Corp. shareholders at the annual meeting in Washington approved the hotel empire's plan to split in two after nine months of lawsuits, verbal abuse and even a threat to boycott the hotel chain by angry investors. Shareholders gave the plan the green light by approving a special dividend transaction, under which they will receive a share of Marriott International, the soon-to-be-formed hotel management and services arm of the company. Shareholders will retain stock in Marriott Corp., to be renamed Host Marriott Corp., which will consist of real estate, airport and toll operations.

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