![]() Ritz-Carlton expanded into the timeshare market. The next year, Marriott spent $331 million to acquire 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 Ritz-Carlton holdings over the next twenty years. ![]() ![]() The cost to Marriott was estimated to have been about $200 million in cash and assumed debt. Marriott believed that it could increase sales and profit margins for The Ritz-Carlton, a troubled chain with many properties either losing money or barely breaking even. In April 1995, Marriott acquired a 49% interest in The Ritz-Carlton Hotel Company. In 1995, Marriott was the first hotel company to offer online reservations. Six Flags acquired the latter in 1984, while Cedar Fair has owned the California park since 2006. In 1976, the company opened two theme parks named Marriott's Great America in California and in Illinois. was renamed the Marriott Corporation in 1967. Its second hotel, the Key Bridge Marriott in Rosslyn, Arlington, Virginia, was opened in 1959 and was Marriott International's longest continuously operating hotel until its closure in July 2021. It cost $9 per night, plus an extra $1 for every person that was in the car. The company opened its first hotel, the Twin Bridges Motor Hotel, in Arlington, Virginia, on January 16, 1957. became a public company via an initial public offering. This move popularized the restaurants, and by 1932, the Marriotts owned 7 Hot Shoppes in the D.C. Always looking for new ways to improve his company, he bought the vacant lot next to one of his Hot Shoppes, removed the curb, and began offering the first drive-in service on the East Coast. He named the restaurant Hot Shoppes and watched as it grew in popularity. The first summer saw brisk business, but as cold weather approached they realized the seasonal nature of their business and received permission from A&W to start selling food. Marriott was convinced that what residents of the city needed was a place to get a cool drink, and so after returning to Utah and graduating from The University of Utah, Marriott purchased the rights to franchise an A&W root beer stand in Columbia Heights. where he experienced the humid summer weather of the city. After serving a Mormon mission in New England, Marriott traveled to Washington, D.C. Marriott Corporation was founded by John Willard Marriott in 1927 when he and his wife, Alice Marriott, opened a root beer stand in Washington, D.C. History The Key Bridge Marriott was the company's longest-operating hotel until its closure in 2021, located at Key Bridge in Rosslyn. Since the founders were Mormon missionaries, copies of the Book of Mormon are provided in hotel rooms in addition to the Bible. was formed in 1993 when Marriott Corporation split into two companies: Marriott International, Inc., which franchises and manages properties, and Host Marriott Corporation (now Host Hotels & Resorts), which owns properties. The company also operates 20 hotel reservation centers. Of these 8,000 properties, 2,149 are operated by Marriott, and 5,493 are operated by others pursuant to franchise agreements. ![]() It has 31 brands with 8,000 properties containing 1,423,044 rooms in 139 countries and territories. Marriott is the largest hotel chain in the world by the number of available rooms. Willard Marriott and his wife Alice Marriott. It is headquartered in Bethesda, Maryland. is an American multinational company that operates, franchises, and licenses lodging including hotel, residential and timeshare properties. Marriott International hotels worldwide ( interactive map) San Diego Marriott Marquis & Marina, one of the highest revenue-generating hotels in the United States The Detroit Marriott at the Renaissance Center, one of the tallest hotels in the Western Hemisphere ![]()
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