Marriott Turns To Conduit For Funding

12 Mar 2009

Marriott International has sold its latest timeshare securitization to a JPMorgan commercial paper conduit, a shift for the lodging company that traditionally relied on the term market for funding.

-- Olivia Thetgyi

Marriott International has sold its latest timeshare securitization to a JPMorgan commercial paper conduit, a shift for the lodging company that traditionally relied on the term market for funding. From 2004 to 2007, Marriott completed two terms deals a year. Last year it only completed one ...

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