Marriott International
Marriott International, Inc. is a worldwide operator and
franchisor of a range of value and luxury
hotels and related
lodging facilities. Their lodging operations are grouped into the following five business segments:
*
Full-service lodging - 65%
*
Select-service lodging - 11%
*
Extended-stay lodging - 6%
*
Timeshare - 14%
*
Synthetic fuel - 4%
Marriott International was formed in 1993 when
Marriott Corporation split into two companies, the other company was named
Host Marriott Corporation.
In 1995, Marriott International purchased 49 percent interest in
Ritz-Carlton, and in 1998, the company purchased an additional 50 percent interest in Ritz-Carlton, giving them 99% ownership.
In 2002 Marriott International began a major restructuring by spinning off 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.
[2003 10-K report]Marriott International owned
Ramada International Hotels & Resorts until its sale on
September 15,
2004 to
Cendant.
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."
[Marriott Goes Smoke-Free] |
Vancouver Marriott Pinnacle Hotel (foreground) and Renaissance Harbourside Hotel Vancouver (background), across the street from each other in Downtown Vancouver |
*
Marriott Hotels & Resorts*
JW Marriott Hotels & Resorts*
Renaissance Hotels & Resorts*
Courtyard by Marriott*
Residence Inn by Marriott*
Fairfield Inn by Marriott* Marriott Conference Centers
*
TownePlace Suites by Marriott*
SpringHill Suites by Marriott*
Marriott Vacation Club International (MVCI) (
timeshare)
**
Horizons by Marriott Vacation Club (
timeshares)
*
The Ritz-Carlton Hotel Company L.L.C.**
Ritz-Carlton** The Ritz-Carlton Club
*
Marriott Execustay * Marriott Executive Apartments
* Marriott Grand Residence Club
*
List of Marriott hotels
*
2004 Marriott International Fact Book by Marriott*
Marriott's official site*
A timeline of the Marriott businesses*
Marriott ExecuStay for Extended Stay Housing