Prof. Ian Giddy, New York University
Marriott Corp.: Restructuring (HBS Case 9-294-090)
This case study deals with a company facing a strategic choice: the decision of whether to split Marriott Corp. into two companies -- Marriott International and Host Marriott.
Marriott Corp. has run into problems owing to the decline in real estate valuation. Marriott, at the time of the case, has a significant percentage of assets in hotels it had planned to sell. The problem made it difficult for Marriott to pursue growth strategies. Furthermore, the market price of the company had declined significantly. The reorganization proposed in the case was meant to deal with these problems.