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by Michael C. Lowe | October 12, 2011

 Marriott International reported a net loss of $179 million for the third quarter, due in large part to charges related to its timeshare business. The company expects to conclude the spin-off of said business sometime in the fourth quarter. In the hotel segment, however, the company reported 8.7 percent growth in revenue per available room, and a notably strong 5.3 percent increase in average daily rate. Marriott expects RevPAR to grow in the fourth quarter by 5 to 7 percent, and in 2012 by 3 to 7 percent. Overall, the company is projecting a net loss of $5 million for the fourth quarter and $11 million for the year.