Marriot to transfer to the NASDAQ Global Select Market Marriott (MAR) announced it will voluntarily transfer the listing of its common stock to The NASDAQ Global Select Market (NDAQ) from the New York Stock Exchange (NYX). Trading of Marriott's shares on NASDAQ is expected to commence on October 21 under its current ticker symbol "MAR." Marriott will continue to trade on the NYSE until that time. Marriott's shares also will continue to trade on the Chicago Stock Exchange after the transfer to NASDAQ.
Chesapeake Lodging acquires JW Marriott San Francisco Union Square Chesapeake Lodging Trust (CHSP) announced that it has closed on the previously announced acquisition of the JW Marriott San Francisco Union Square for a purchase price of $147.2M, or approximately $437,000 per key. The Trust assumed the existing management agreement with Marriott International (MAR), as well as the existing ground lease covering the property, which expires in 2083.