Marriott Hotel
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Marriott International headquarters in Bethesda
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| Public | |
| Traded as |
NASDAQ: MAR NASDAQ-100 Component S&P 500 Component |
| Industry | Hospitality, Tourism |
| Founded | 1927 Washington, D.C., U.S. |
| Headquarters | Bethesda, Maryland, U.S. |
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Area served
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Worldwide |
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Key people
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Bill Marriott (Executive Chairman) Arne Sorenson (President and CEO) |
| Products | Hotels, resorts |
| Revenue |
 US$ 14.486 billion (2015) |
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US$ 859 million (2015) |
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| Owner | Marriott family (25%) |
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Number of employees
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199,929 (July 2013) |
| Subsidiaries |
Marriott Hotels & Resorts Starwood Hotels & Resorts |
| Website | marriott |
Marriott International, Inc. (NASDAQ: MAR) is an American multinational 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 his son, Executive Chairman Bill Marriott and President and Chief Executive Officer Arne Sorenson.
Marriott International, headquartered in Bethesda, Maryland in the Washington, DC metropolitan area, has more than 5700 properties in over 110 countries and territories around the world, over 1.2 million rooms (as of September 23 2016), and additional 195,000 rooms in the development pipeline.
Marriott was founded by John Willard Marriott in 1927 when he and his wife, Alice Sheets Marriott, opened a root beer stand in Washington, D.C. As a Mormon missionary in the humid summers in Washington, D.C, Marriott was convinced that what residents of the city needed was a place to get a cool drink. The Marriotts later expanded their enterprise into a chain of restaurants and hotels.
They opened their first hotel, the Twin Bridges Marriott Motor Hotel, in Arlington, Virginia, in 1957. Their second hotel, the Key Bridge Marriott in the Rosslyn neighborhood of the same city, is Marriott International’s longest continuously operating hotel, and celebrated its 50th anniversary in 2009. 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.
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Wikipedia