Marriott Profit Rises 2% on Synthetic Fuel

Marriott International Inc.’s third-quarter profit rose 2% as the largest U.S. lodging company used tax credits from its synthetic-fuel business to make up for a drop in hotel profit.

Net income was $103 million, or 41 cents a share. Hotel profit fell 12% even as Marriott opened 7,100 rooms, and revenue rose 3.4% to $2.37 billion.

Marriott shares fell 9 cents to $28.31 on the NYSE.