Marriott International Inc. (NASDAQ: MAR) was founded in 1927 and is headquartered in Bethesda, Maryland, with 174,000 employees worldwide. It is a multinational hotel management company and one of the world’s top ten hotel groups . It was previously in New York Listed on the stock exchange and changed to Nasdaq in early 2014.
Marriott International (MAR):
Marriott International Co., Ltd. is an American multinational diversified hotel management company that manages and franchises various hotels and related accommodation facilities. The company was founded by J. Willard Marriott and is now led by his son, Executive Chairman Bill Marriott, and President and CEO Arne Sorenson.
Calculated by the number of available rooms, Marriott International Hotel Group is the world’s largest hotel chain.
Marriott International owns 30 brands in 131 countries and regions around the world, owns 7,484 hotels and more than 1,400,693 rooms (as of June 30, 2020), including 2,104 rooms and 573,043 rooms under entrusted management; 5,314 hotels 812,006 guest rooms are franchised or licensed; 66 hotels, a total of 15,644 guest rooms are company-owned; another 510,000 guest rooms are under development, including 230,000 are under construction, and another 28,000 have been approved for development but not yet Contracted guest rooms.
Marriott International Group operates through three departments: North American Full-Service (North American Full-Service), North American Limited-Service (North American Limited-Service), and Asia Pacific (Asia Pacific).
There are 5 categories of hotels and resorts under the Marriott International Group : 1) Luxury-customized top-level facilities and services; 2) Premium-elegant and intimate top-level facilities and services; 3) Selected services-top-notch smart and convenient Facilities and services; 4) Long-stay hotel-comfortable and homelike facilities and services; 5) Collection-unique design
1) Classic luxury
- ST.REGIS HOTELS AND RESORTS
- The Ritz-Carlton (THE RITZ-CARLTON)
- JW Marriott Hotel (JW MARRIOTT)
2) Feature luxury
- W HOTELS
- THE LUXURY COLLECTION
- BVLGARI HOTELS AND RESORTS
- EDITION Hotel
3) Classical advanced
- Marriott Hotel (MARRIOTT)
- MARRIOTT VACATION CLUB
- DELTA HOTELS by MARRIOTT
4) Features advanced
- Le Meridien Hotel (Le MERIDIEN)
- Westin Hotel (WESTIN)
- RENAISSANCE HOTELS
- GAYLORD HOTELS
5) Classic selection service
- Courtyard Hotel (COURTYARD by MARRIOTT)
- FOUR POINTS by Sheraton
- SpringHill Suites (SPRINGHILL SUITES by MARRIOTT)
- PROTEA Hotels (PROTEA HOTELS by MARRIOTT)
- Wan Feng Hotel (FAIRFIELD INN&SUITES by MARRIOTT)
6) Featured and selected services
- AC HOTELS by MARRIOTT
- Aloft Hotel (Aloft)
- MOXY HOTELS
7) Classic Long Stay Hotel
- MARRIOTT EXECUTIVE APARTMENTS
- Residence Inn by MARRIOTT
- TownePlace Suites (TOWNWPLACE SUITES by MARRIOTT)
8) Featured long-stay hotels
- HOMES & VILLAS
- Residence Inn
- Town Suites (TOWNPLACE SUITES)
- MARRIOTT BONVoY (MARRIOTT BONVoY)
- AUTOGRAPH COLLECTION HOTELS
- DESIGN HOTELS
- TRIBUTE PORTFOLIO
As of March 11, 2018, Marriott International Group owns approximately 6,500 properties (hotel and resort assets) in 127 countries and regions around the world.
As of May 11, 2020, Marriott International Group operates approximately 7,400 hotels under 30 hotel brands in 134 countries and regions.
As of June 30, 2020, Marriott International has 30 brands in 131 countries and regions around the world, owns 7,484 hotels and more than 1,400,693 rooms.
Marriott International (MAR) investment:
On November 16, 2015, the boards of directors of Starwood (HOT) and Marriott International (MAR) unanimously passed a definite merger agreement, and the company will create the world’s largest hotel group. Marriott will acquire Starwood for a total price of 12.2 billion U.S. dollars. The acquisition will be paid in the form of stock and cash, which is equivalent to the purchase price of 79.88 U.S. dollars per share. After the merger, the company will operate or franchise 1.1 million rooms in more than 5,500 hotels worldwide. The combined company’s revenue is estimated to reach US$2.7 billion within one year as of September 30, 2015.
On March 15, 2016, China’s Anbang Insurance Group bid $12.8 billion in cash to bid for Starwood Hotels and Resorts with Marriott International (In 2015, Anbang has completed the acquisition of the Waldorf Astoria New York for $2 billion. One day (2016-3-14), it was also reported that Anbang purchased Strategic Hotels & Resorts Inc., a real estate investment trust company under Blackstone, for US$6.5 billion ), making the merger of Marriott and Starwood a variable.
On September 23, 2016, Marriott International’s acquisition of Starwood was finally approved by the US authorities, and Starwood stock NYSE:HOT was delisted.