My Paper on Marriot
Name of the school: B.H.M.S
Introduction
Marriott was founded by J.Willard Marriott in 1927 when he and his wife , Alice Sheets Marriott ,opened a root beer stand in Washington.
They opened their first hotel , the Twin Bridges Marriott Motor Hotel , in Arlington, Virginia in 1957.
Marriott International was formed in 1993 when MARRIOTT CORPORATION split in two companies, Marriott International and Host Marriott Corporation .
In 2002 Marriott International began a major restructuring by spinning off many Senior Living Services Communities and Marriott Distribution services , so that it could focus on hotel ownership and management . The changes were completed in 2003.
Marriott International acquired a 49% interest in RITZ-CARLTON HOTEL COMPANY LLC. Marriott International believed that it could increase sales and profit margins for The Ritz-Carlton, a troubled chain with a significant number of properties either losing money or barely breaking even. The cost of Marriott's initial investment was estimated to be about $200 million in cash and assumed debt. The next year, Marriott spent $331 million to take over The Ritz-Carlton, Atlanta and buy a majority interest in two properties owned by William Johnson, a real estate developer who had purchased The Ritz-Carlton, Boston in 1983 and expanded his The Ritz-Carlton holdings over the next twenty years.
On November 11, 2010, Marriott announced plans to add over 600 hotel properties by 2015, the bulk of the additions will be in the emerging markets of India, where it plans to have 100 hotel properties, China and Southeast Asia.
On December 13, 2011, J. W. Marriott, Jr. announced he would be stepping down as CEO of the company, while assuming the role of executive chairman. It was announced that Arne Sorenson would be taking over as CEO as of March 2012.
Here are Most Marriott Hotel Brands.
Gaylord Hotels
Gaylord Hotels, a world-renowned leader in resort
Introduction
Marriott was founded by J.Willard Marriott in 1927 when he and his wife , Alice Sheets Marriott ,opened a root beer stand in Washington.
They opened their first hotel , the Twin Bridges Marriott Motor Hotel , in Arlington, Virginia in 1957.
Marriott International was formed in 1993 when MARRIOTT CORPORATION split in two companies, Marriott International and Host Marriott Corporation .
In 2002 Marriott International began a major restructuring by spinning off many Senior Living Services Communities and Marriott Distribution services , so that it could focus on hotel ownership and management . The changes were completed in 2003.
Marriott International acquired a 49% interest in RITZ-CARLTON HOTEL COMPANY LLC. Marriott International believed that it could increase sales and profit margins for The Ritz-Carlton, a troubled chain with a significant number of properties either losing money or barely breaking even. The cost of Marriott's initial investment was estimated to be about $200 million in cash and assumed debt. The next year, Marriott spent $331 million to take over The Ritz-Carlton, Atlanta and buy a majority interest in two properties owned by William Johnson, a real estate developer who had purchased The Ritz-Carlton, Boston in 1983 and expanded his The Ritz-Carlton holdings over the next twenty years.
On November 11, 2010, Marriott announced plans to add over 600 hotel properties by 2015, the bulk of the additions will be in the emerging markets of India, where it plans to have 100 hotel properties, China and Southeast Asia.
On December 13, 2011, J. W. Marriott, Jr. announced he would be stepping down as CEO of the company, while assuming the role of executive chairman. It was announced that Arne Sorenson would be taking over as CEO as of March 2012.
Here are Most Marriott Hotel Brands.
Gaylord Hotels
Gaylord Hotels, a world-renowned leader in resort