The debt crisis and the adoption of Asset-Light and Fee-Orientated (ALFO) arrangements at Marriott: 1980-1995
Purpose: This case study examines Marriott Corporation’s large and successful spinoff between 1993 and 1995 and the concomitant adoption of a corporate ALFO strategy enabled by the transfer of assets and debt between the two entities. As an example of corporate restructuring, it involves changing ow...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
International Hellenic University
2023-06-01
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| Series: | Journal of Tourism, Heritage & Services Marketing |
| Subjects: | |
| Online Access: | https://www.jthsm.gr/vol9iss1/9-1-6.pdf |