万豪国际美股招股说明书(2026-02-19版)

$600,000,000 4.500% Series WW Notes due 2033$850,000,000 5.100% Series XX Notes due 2038 The 4.500% Series WW Notes due 2033 (the “Series WW Notes”) will bear interest at the rate of 4.500% per annum. The 5.100% Series XX Notes due 2038 (the“Series XX Notes” and, together with the Series WW Notes, the “notes” and each a separate “series” of notes) will bear interest at the rate of 5.100% per annum. TheSeries WW Notes will mature on May1, 2033, and the Series XX Notes will mature on May1, 2038. We will pay interest on the Series WW Notes semiannually onMay1 and November1 of each year, beginning on November1, 2026. We will pay interest on the Series XX Notes semiannually on May1 and November1 of eachyear, beginning on November1, 2026. We may redeem some or all of each series of notes prior to maturity at the redemption prices described in this prospectus The notes will be our unsecured obligations and rank equally with all of our other unsecured senior indebtedness. The notes of each series will be issued only inminimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. The notes will be ready for delivery in book-entry form only through The Depository Trust Company (“DTC”) for the accounts of its direct and indirectparticipants (including Euroclear Bank SA/NV, as operator of the Euroclear System, and Clearstream Banking S.A.) on or about February20, 2026. TABLE OF CONTENTS Prospectus Supplement About This Prospectus SupplementForward-Looking StatementsSummaryRisk FactorsUse of ProceedsDescription of the NotesMaterial United States Federal Income Tax ConsequencesUnderwritingLegal MattersExpertsWhere You Can Find More InformationIncorporation by Reference S-25S-31S-38S-38S-39S-40 Prospectus Where You Can Find More InformationIncorporation by ReferenceUse of ProceedsDescription of SecuritiesSelling Security HoldersPlan of DistributionValidity of SecuritiesExperts You should rely only on the information contained or incorporated by reference in this prospectus supplement and the accompanying prospectus orany free writing prospectus provided, authorized or used by us. We have not, and the underwriters have not, authorized any other person to provide youwith different information. If anyone provides you with different or inconsistent information, you should not rely on it. We are not, and the underwritersare not, making an offer to sell these securities in any jurisdiction where the offer or sale is not permitted. You should assume that the information As used in this prospectus supplement and the accompanying prospectus, unless the context requires otherwise, “we,” “us,” “our,” the “Company”or “Marriott” means Marriott International, Inc. and its predecessors and consolidated subsidiaries. Table of Contents ABOUT THIS PROSPECTUS SUPPLEMENT This document contains two parts. The first part is this prospectus supplement, which describes the specific terms of the notes we are offering andcertain other matters relating to us. The second part, the accompanying prospectus, gives more general information about securities we may offer fromtime to time, some of which does not apply to the notes we are offering by this prospectus supplement. You should read this entire prospectus To the extent any inconsistency or conflict exists between the information included in this prospectus supplement and the information included inthe accompanying prospectus, the information included or incorporated by reference in this prospectus supplement updates and supersedes the Table of Contents FORWARD-LOOKING STATEMENTS We make forward-looking statements in this prospectus supplement, the accompanying prospectus and the documents incorporated by referencebased on the beliefs and assumptions of our management and on information currently available to us. Forward-looking statements include informationrelated to our development pipeline; our expectations regarding rooms growth; our expectations regarding our ability to meet our liquidity requirements;our capital expenditures and other investment spending and reimbursement expectations; our expectations regarding future dividends and sharerepurchases; our expectations regarding our Loyalty Program; our expectations regarding our sustainability and social impact strategies and initiatives;our expectations regarding certain claims, legal proceedings, settlements or resolutions; our expectations regarding additional payments to citizenM We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties thatwe may not be able to accurately predict or assess, including the risks and uncertainties we describe starting on page S-4 of this prospectus supplementand other factors we describe from time to time in our periodic filings with the U.S. Securities and Exchange Commission (the “SEC”). We thereforecaution you not to rely unduly on any forward-looking statement. The forward-looking s