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* [[Fairfield Inn by Marriott]]
* [[Fairfield Inn by Marriott]]
* [[SpringHill Suites|SpringHill Suites by Marriott]]
* [[SpringHill Suites|SpringHill Suites by Marriott]]
* AC Hotels by Marriott
* MOXY Hotels


===Extended-stay lodging===
===Extended-stay lodging===

Revision as of 20:29, 24 March 2013

For other uses, see Marriott (disambiguation).
Marriott International, Inc.
Company typePublic
NYSE: MAR
S&P 500 Component
IndustryHospitality, Tourism
PredecessorMarriott Corporation Edit this on Wikidata
FoundedWashington, D.C., U.S.
(May 15, 1927)
HeadquartersBethesda, Maryland,
United States
Area served
Worldwide
Key people
Bill Marriott
(Executive Chairman)
Arne Sorenson
(President and CEO)
ProductsHotels, resorts
RevenueIncrease US$ 12.31 billion (2011)
3,462,000,000 United States dollar (2022) Edit this on Wikidata
Increase US$ 198 million (2011)
Number of employees
120,000 (2012)[1]
Websitemarriott.com

Marriott International, Inc. is an American diversified hospitality company that manages and franchises a broad portfolio of hotels and related lodging facilities. Founded by J. Willard Marriott, the company is now led by President and Chief Executive Officer Arne Sorenson. Today, Marriott International has more than 3,800 properties in over 74 countries and territories around the world.

History

Marriott International headquarters in the Bethesda area of unincorporated Montgomery County, Maryland
The Detroit Marriott at the Renaissance Center is the tallest hotel in the Western Hemisphere.[2]
Singapore Marriott Hotel
Orlando World Center Marriott in Orlando

Marriott was founded by J. Willard Marriott in 1927 when he and his wife, Alice Sheets Marriott, opened a root beer stand in Washington, D.C.[3] As a Mormon missionary in the sweltering, humid summers in Washington D.C, Marriott was convinced that what residents of the city needed was a place to get a cool drink.[4] The Marriotts later expanded their enterprise into a chain of restaurants and hotels.[5]

They opened their first hotel, the Twin Bridges Marriott Motor Hotel, in Arlington, Virginia, in 1957. Their second hotel, the Key Bridge Marriott in Arlington, Virginia, is Marriott International’s longest operating hotel, and celebrated its 50th anniversary in 2009.[6] Their son, J.W. (Bill) Marriott, Jr., led the company to spectacular worldwide growth during his more than 50-year career. In March 2012, at age 80, he turned the CEO responsibilities over to Arne Sorenson, while he assumed the title of Executive Chairman.

Marriott International was formed in 1993 when Marriott Corporation split into two companies, Marriott International and Host Marriott Corporation.

In 2002 Marriott International began a major restructuring by spinning off many Senior Living Services Communities (which is now part of Sunrise Senior Living) and Marriott Distribution Services, so that it could focus on hotel ownership and management. The changes were completed in 2003.[7]

In April 1995, Marriott International acquired a 49% interest in Ritz-Carlton Hotel Company LLC.[8] Marriott International believed that it could increase sales and profit margins for The Ritz-Carlton, a troubled chain with a significant number of properties either losing money or barely breaking even. The cost of Marriott's initial investment was estimated to be about $200 million in cash and assumed debt. The next year, Marriott spent $331 million to take over The Ritz-Carlton, Atlanta and buy a majority interest in two properties owned by William Johnson, a real estate developer who had purchased The Ritz-Carlton, Boston in 1983 and expanded his The Ritz-Carlton holdings over the next twenty years.

The Ritz-Carlton began expansion into the lucrative timeshare market among other new initiatives made financially possible by the deep pockets of Marriott, which also lent its own in-house expertise in certain areas. There were other benefits for The Ritz-Carlton flowing from its relationship with Marriott, such as being able to take advantage of the parent company's reservation system and buying power. The partnership was solidified in 1998 when Marriott acquired a majority ownership of The Ritz-Carlton. Today, there are 70 The Ritz-Carlton properties around the world.

The Marriott World Trade Center was destroyed during the September 11, 2001 attacks.

Marriott International owned Ramada International Hotels & Resorts until its sale on September 15, 2004 to Cendant. It is the first hotel chain to serve food that is completely free of trans fats at all of its North American properties.[9][10]

In 2005, Marriott International and Marriott Vacation Club International comprised two of the 53 entities that contributed the maximum of $250,000 to the second inauguration of President George W. Bush.[11][12][13]

On July 19, 2006, Marriott announced that all lodging buildings they operate in the United States and Canada would become non-smoking beginning September 2006. "The new policy includes all guest rooms, restaurants, lounges, meeting rooms, public space and employee work areas."[14]

There was a bombing at the Islamabad Marriott in 2008 and at the Jakarta Marriott in 2009.

On November 11, 2010, Marriott announced plans to add over 600 hotel properties by 2015, the bulk of the additions will be in the emerging markets of India, where it plans to have 100 hotel properties, China and Southeast Asia.[15]

On January 21, 2011, Marriott said that pornography would not be included in the entertainment offered at new hotels, which will use an internet-based video on demand system.[16]

On December 13, 2011, J. W. Marriott, Jr. announced he would be stepping down as CEO of the company, while assuming the role of executive chairman. It was announced that Arne Sorenson would be taking over as CEO as of March 2012.[17]

The hotel is noted for including copies of the Book of Mormon in addition to the Holy Bible in its rooms.[18]

U.S. Republican Presidential candidate Mitt Romney released his 2011 federal income taxes on September 21, 2012, showing that he declared $260,390 in director's fees from Marriott International, [19] despite the fact that news was released on January 13, 2011, that he had already stepped down from the Marriott International board to run for President.[20] His previously released 2010 tax returns showed earnings in 2010 of $113,881 in director's fees from Marriott.[21] In February, 2012, Bloomberg reported on Romney's years overseeing tax matters for Marriott, which had included several "scams" (quoting Sen. John McCain) and legal actions brought against Marriott, which Marriott lost in court, over its manipulations of the tax code.[22][23]

In December 2012, Guinness World Records officially recognised the 5-Star JW Marriott Marquis Hotel Dubai as the world's tallest hotel.

Bill Marriott’s second book, Without Reservations: How A Family Root Beer Stand Grew Into a Global Hotel Company, hit the stands in January 2013, earning early praise from past U.S. presidents and business leaders.

Marriott brands

Full-service lodging

Select-service lodging

Extended-stay lodging

Timeshare

Frenchman's Cove, USVI a Marriott Vacation Club resort

Great America Parks

Marriott also developed three and ultimately opened two theme parks entitled Marriott's Great America from 1976 until 1984. The parks were located in Gurnee, Illinois; Santa Clara, California; and a proposed but never-built location in the Washington, DC area, and were themed celebrating American history. The American-themed areas under Marriott's tenure of ownership included "Carousel Plaza" (the first section beyond the main gates); small-town-themed "Hometown Square"; "The Great Midwest Livestock Exposition At County Fair" with a Turn of the Century rural-fair theme; "Yankee Harbor", inspired by a 19th century New England port; "Yukon Territory," resembling a Canadian/Alaskan logging camp; and the French Quarter-modeled "Orleans Place". At opening, both parks were laid out nearly identically.

In 1984, Marriott disposed of its theme park division; both parks were sold and today are associated with national theme park chains. The Gurnee location was sold to Six Flags Theme Parks where it operates today as Six Flags Great America. The Santa Clara location was sold to the City of Santa Clara, who retained the underlying property and sold the park to Kings Entertainment Company, renamed Paramount Parks in 1993. From 1993 to 2006, the Santa Clara location was known as Paramount's Great America. In 2006, Paramount Parks was acquired by Cedar Fair Entertainment Company; the Santa Clara park operates today as California's Great America. In the years after their sale, the layouts of the parks have diverged substantially.

Programs

Marriott Rewards

Marriott International also offers Marriott Rewards, a loyalty (“rewards”) program that allows members to earn points or airline miles for their stays at participating Marriott brand hotels, in addition to other membership benefits.

References

  1. ^ Standard and Poor's 500 Guide. The McGraw-Hill Companies, Inc. 2007. ISBN 0-07-147906-6. {{cite book}}: Cite has empty unknown parameter: |coauthors= (help)
  2. ^ Official World's 100 Tallest High Rise Buildings (Hotel Use). Emporis.com. Retrieved on July 5, 2009.
  3. ^ Remembrances of Mom from Marriott Blogs
  4. ^ J. Willard Marriott from Entrepreneur.com
  5. ^ Root Beer Roots from The Washington Post
  6. ^ Key Bridge Marriott Hotel Prepares for 50th Anniversary With $30 Million Renovation of Event Space
  7. ^ 2003 10-K report
  8. ^ Fundinguniverse.com
  9. ^ "Marriott says trans fats will check out" from USA Today
  10. ^ "Marriott to Cut Trans FatAt U.S., Canada Hotels" from The Wall Street Journal online
  11. ^ Drinkard, Jim (2005-01-17). "Donors get good seats, great access this week". USA Today. Retrieved 2008-05-25.
  12. ^ "Financing the inauguration". USA Today. 2005-01-16. Retrieved 2008-05-25.
  13. ^ "Some question inaugural's multi-million price tag". USA Today. 2005-01-14. Retrieved 2008-05-25.
  14. ^ Marriott Goes Smoke-Free
  15. ^ "Marriott to expand India portfolio to 100 hotels". Added expansion plans. 2010-11-11. Retrieved 11 November 2010.
  16. ^ DeLollis, Barbara (21 January 2011). "Marriott says no to adult movies in new hotels". USA Today. Retrieved 5 October 2011.
  17. ^ Clabaugh, Jeff (2011-12-13). "JW Marriott Jr. retiring as CEO". Retrieved 13 December 2011.
  18. ^ McDowell, Edward. "Bible Now Shares Hotel Rooms With Some Other Good Books". The New York Times. Retrieved 6 December 2012. {{cite news}}: Text "December 26" ignored (help)
  19. ^ http://www.efile.com/tax-form/tax-history/Mitt-Romney-2011-Tax-Return.pdf
  20. ^ http://www.bizjournals.com/washington/news/2011/01/13/romney-leaves-marriott-board.html
  21. ^ http://www.efile.com/tax-form/tax-history/Mitt-Romney-2010-Tax-Return.pdf
  22. ^ http://www.bloomberg.com/news/2012-02-22/romney-as-auditing-chairman-saw-marriott-son-of-boss-tax-shelter-defy-irs.html
  23. ^ http://www.cnn.com/2012/08/08/opinion/canellos-kleinbard-romney-taxes/index.html
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