Hotels, Restaurants and Leisure
Company Overview of Marriott International, Inc.
Marriott International, Inc. operates, franchises, and licenses hotels and timeshare properties worldwide. It operates through three segments: North American Full-Service, North American Limited-Service, and International. The company also licenses the development, operation, marketing, sale, and management of vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, The Ritz-Carlton Destination Club, and The Ritz-Carlton Residences brands to the Marriott Vacations Worldwide Corporation. In addition, it operates, markets, and develops residential properties, as well as operates and franchises hotels and resorts; and provides services to home/cond...
10400 Fernwood Road
Bethesda, MD 20817
Founded in 1971
Key Executives for Marriott International, Inc.
Chief Executive Officer, President, Director and Member of Committee for Excellence
Total Annual Compensation: $1.2M
Executive Chairman and Chairman of Executive Committee
Total Annual Compensation: $3.0M
Chief Financial Officer and Executive Vice President
Total Annual Compensation: $721.0K
Group President and Member of Committee for Excellence
Total Annual Compensation: $566.6K
Chief Development Officer, Executive Vice President of Global Development and Member of Committee for Excellence
Total Annual Compensation: $643.8K
Compensation as of Fiscal Year 2013.
Marriott International, Inc. Key Developments
Marriott Hotels to Open More Fairfield Properties in India Soon
Feb 26 15
Marriott Hotels will soon add another Fairfield to the brand's portfolio in India. The location for the next Fairfield to open is either Bengaluru or Lucknow. Work at both sites is in full swing and if the Bengaluru property opens first, it will be the second in that city. The Agra hotel is the 12 property of Courtyard by Marriott in India and will spearhead the 1000 milestone celebrations of the brand worldwide. Courtyard Walla Walla in Washington will be designated as the 1000 hotel. With this launch, Marriott is now present in the Golden Triangle with hotels in Delhi, Jaipur and Agra.
Marriott International Names John McCracken as General Manager for the Orlando Marriott Village
Feb 24 15
Marriott International named John McCracken as general manager for the Orlando Marriott Village. Beginning as a bellman, McCracken's career spans more than a quarter of a century. McCracken was first introduced to Marriott brands while working at Courtyard Richmond Airport in Sandston, VA and Courtyard Charlottesville – University Medical Center in Charlottesville, VA. After relocating to Orlando to be closer to his family, McCracken was named general manager of Residence Inn Orlando Convention Center. McCracken then became the assistant general manager for the Orlando Marriott Village, overseeing the food and beverage operations for the complex's Lake Buena Vista hotels. Following two successful years at the Marriott Village, McCracken was promoted to general manager of Residence Inn International Drive.
Marriott International Mulls Acquisition
Feb 19 15
Marriott International, Inc. (NasdaqGS:MAR) is seeking acquisitions. Arne Sorenson, President and Chief Executive Officer of Marriott International, said in Marriott International earnings call on being asked about acquisition, “And I think what we've found is acquisitions that seem to be priced in a way that allows us to get to creating economic value and earnings accretion fairly quickly, and priced well below our Company valuation given to us by market. So you see that accretion quite quickly. And in every instance we found deals that give us a new platform for growth. That's the real silver lining here. We are not going out simply to acquire additional rooms to drive our rooms count; but we are really going out to try and either develop brands internally, which is cheaper in some respects but harder in some respects, because you start at zero, obviously, in terms of current distribution. Or acquire.”
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