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Benzinga

Business

Shivani Kumaresan

Marriott Suspends All Operations In Russia - Read The Latest Update

MAR United States Marriott Russia European Union Marriott International Inc Moscow Nasdaq

Marriott International Inc (NASDAQ:MAR) said it has decided to suspend all international operations in Russia.
The decision comes as the newly announced restrictions by the U.S., U.K., and the European Union will make it impossible to continue operations or franchise hotels in the Russian market.
The hotel chain has been operating in the Russian market for twenty-five years.
On March 10, the company decided to close the corporate office in Moscow and pause the opening of upcoming hotels and future hotel development and investment in Russia.
Related: Marriott Closes Moscow Office, Halts Investments In Russia
Price Action: MAR shares are trading lower by 0.14% at $174.18 on the last check Friday.

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