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    Marriott International Inc.
    list rank

    From the April 28, 1997 Washington Post

    '96 (in $ 000s) % Change From '95
    Revenue 10,172,000 13.5
    Net Income 306,000 23.9
    Rank Last Year: 4

    Marriott International Inc. operates and franchises hotels, provides food service and manages facilities in the corporate, health care and education markets. The company operates 1,184 hotels with nearly 227,000 rooms under brand names including Ritz Carlton, Courtyard, Marriott and Fairfield. It also manages 72 senior living communities with 14,900 units and vacation time-shares.

    Business Resume:
    • Contact Info --
      Marriott Dr.
      Bethesda, Md. 20058
    • Main Business --
      Hotel management, other services
    • Founded --
    • Chairperson --
      J.W. Marriott Jr. (CEO)
    • President --
      William J. Shaw
    • Employees --
    • D.C.-Area Employees --
    Marriott continued to expand primarily by purchasing 148 hotels and time-shares with 18,600 rooms and 42 high-end senior and assisted living facilities through its acquisition of Fairfax-based Forum Group in 1996. In lodging, the company opened 54 properties with 5,300 rooms under its newly introduced economy extended-stay brand called Fairfield Inns. The company's occupancy rates rose slightly, and remained ahead of the national average.

    The company's bottom line also was boosted by its food services and building management divisions, in which sales and profit rose 19 percent and 36 percent, respectively. In February Marriott more than doubled the number of rooms that it operates, to 54,000, by agreeing to pay $1 billion for the Renaissance Hotel Group.

    Copyright 1997 The Washington Post

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