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Lockdown-impacted Marriott International amends cobranded credit card deals to raise $920M

The Ritz-Carlton Aruba in the Caribbean. Image credit: Ritz-Carlton The Ritz-Carlton Aruba in the Caribbean. Image credit: Ritz-Carlton

 

Marriott International, the world’s largest hotel group and owner of the Ritz-Carlton and St. Regis brands, has raised $920 million in cash by amending its existing cobranded credit card agreements with financial services firms JPMorgan Chase & Co. and American Express.