Marriot - www.marriott.com International is the largest hotel company in the world with more than 4,100 properties in over 80 countries and territories

Marriot - www.marriott.com International is the largest...

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International is the largest hotel company in the world with more than 4,100 properties in over 80 countries and territories around the world, over 700,000 rooms, and an additional 200,000 rooms in the development pipeline. In June 2014, Marriott opened its 4,000th hotel, the Marriott Marquis in Washington, DC, and opened its 4,200th property in the summer of 2015. The majority of rooms and properties are franchised out, with 2,673 franchised proper-ties containing a total of 360,451 rooms. About 1,057 Marriott properties with 283,029 rooms are company-owned with long-term management agreements. In total, about 97 percent of all Marriott rooms are either managed or franchised, as the company is opposed to owning the rooms outright. The firm’s flagship brand is Marriott Hotels, designedto serve business and leisure travel-ers as well as meeting groups. Courtyard is another popular Marriott-owned property designed around transient business travelers. Courtyard hotels are smaller, often with 90 to 150 rooms, and upper moderately priced. Fairfield Inn & Suites are also designed for business travelers, but are priced below Courtyard. Marriott’s Residents Inn is designed for extended stay customers. Marriott’s Ritz Carlton hotels offer luxury accommodations. Beginning in 2016 at many Marriott hotels you can unlock your room door with your phone, log into your Netflix account from your room television, and charge your wireless mobile device. Marriott’s Q1 2015 earnings were $207 million,up from $197 million the prior quarter, while company revenues dropped slightly to $3.513 billion from $3.559 billion the pre-vious quarter.HistoryMarriott traces its roots to an A&W root beer stand founded by Willard Marriott and his wife Alice in 1927 in Washington, DC. The following year, the Marriotts added hot food items to their menu and the new business name became Hot Shoppes. By 1957, the business had grown large enough to become a public offering selling out of stock within 2 hours at the opening price of $10.25 per share. Using capital from the sale of stock, Marriott opened its first hotel the same year in Arlington, Virginia, with 325 rooms. The firm experienced growth in the domestic market and international market over the next two decades, even opening an additional fast-food restau-rant and forming a partnership with Sun Line cruiseships. In 1983, Marriott introduced its Courtyard properties designed for business travelers. In 1987, Marriott introduced Fairfield Inn and acquired Residence Inn and Renaissance Hotel properties. Marriott is noted for including copies of the Book of Mormon in addition to the Holy Bible in its rooms. U.S. Republican Presidential candidate Mitt Romney, a Mormon, recently reported $260,390 in director’s feesfrom Marriott. Guinness World Records recently recognized the 5-Star JW Marriott Marquis Hotel Dubai as the world’s tallest hotel. In 2013, Marriott International introduced Vacations by Marriott, the company’s official travel deal website. In 2014, Marriott began a new initiative titled “The Envelope
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