Marriott International was founded by John Willard Marriott and his wife, Alice Sheets Marriott, when they opened their first hotel, the Twin Bridges Marriott Motor Hotel in Arlington, Virginia.
The founder’s son, J.W. Marriott, brought the company to huge worldwide growth during his 50+ year career.
Marriott International was formed in 1993 when Marriott Corporation was split into two companies, Marriott International and Host Marriott Corporation.
In 1995 Marriott International acquired 49% interest in Ritz-Carlton Hotel Company, a then-struggling company. Marriott later acquired Ritz-Carlton. Between the years 2002 and 2003 Marriott International spun off some of its divisions to focus more on hotel management and ownership
Today Marriott International is one of the world’s leading hoteliers with 3,700 operated or franchised properties globally.
In late 2017, the company stated that it intended to open 40 luxury hotels in 2018.
The company owns Fairfield Inn, Courtyard, Marriott Hotels and Resorts, and the Ritz-Carlton luxury chain. It also manages about 45 golf courses.
In February 2023, Marriott topped expected 4th quarter earnings.
Also in February 2023, Michael Irvin sued Marriott and a hotel employee for an incident after the Superbowl game.
Marriott International publicly trades on the NASDAQ, is a member of the S&P 500, and is #230 in the Fortune 500. The company has 120,000 employees and had $13.86 billion in revenue in 2021.
Marriott maintains a corporate office in Bethesda, Maryland.
Marriott International was founded by John Willard Marriott and his wife, Alice Sheets Marriott, when they opened their first hotel, the Twin Bridges Marriott Motor Hotel in Arlington, Virginia.
The founder’s son, J.W. Marriott, brought the company to huge worldwide growth during his 50+ year career.
History
Marriott International was formed in 1993 when Marriott Corporation was split into two companies, Marriott International and Host Marriott Corporation.
In 1995 Marriott International acquired 49% interest in Ritz-Carlton Hotel Company, a then-struggling company. Marriott later acquired Ritz-Carlton. Between the years 2002 and 2003 Marriott International spun off some of its divisions to focus more on hotel management and ownership
Today Marriott International is one of the world’s leading hoteliers with 3,700 operated or franchised properties globally.
In late 2017, the company stated that it intended to open 40 luxury hotels in 2018.
The company owns Fairfield Inn, Courtyard, Marriott Hotels and Resorts, and the Ritz-Carlton luxury chain. It also manages about 45 golf courses.
In February 2023, Marriott topped expected 4th quarter earnings.
Also in February 2023, Michael Irvin sued Marriott and a hotel employee for an incident after the Superbowl game.
Marriott International publicly trades on the NASDAQ, is a member of the S&P 500, and is #230 in the Fortune 500. The company has 120,000 employees and had $13.86 billion in revenue in 2021.
Marriott maintains a corporate office in Bethesda, Maryland.