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Public ( NYSE : MAR )
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May 15 , 1927 in Washington, DC
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Bethesda , Maryland , United States
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J Willard Marriott , Founder<br> JW "Bill" Marriott, Jr , chairman and CEO
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Hospitality , Hotels , Tourism
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Hotels , Resorts
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133,000 (March 25, 2005)
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$1514 billion USD ( 2004 )
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is a worldwide operator and
Franchisor of a range of value and luxury
Hotel s and related
Lodging Facilities . Their lodging operations are grouped into the following five business segments:
,
Switzerland ]]
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 (new name not known) and
Marriott Distribution Services , so that it could focus on hotel ownership and management. The changes were completed in
2003 .
On
September 15 ,
2004 the
Ramada International Hotels & Resorts was sold to
Cendant .
(foreground) and
Renaissance Harbourside Hotel Vancouver (background), across the street from each other in Downtown
Vancouver ]]
