News for the Hospitality Executive
|WASHINGTON, Dec. 4, 2006 - Marriott International, Inc.
(NYSE: MAR)) announced the addition of five minority-owned hotels to its
portfolio today, bringing it even closer to its goal -- established in
2005 -- to have 500 minority- and women-owned hotels by 2010. Among the
additions are four hotels owned by Integrated Capital, LLC, including three
in Fort Collins, Colo., and a Residence Inn that is part of the 300-acre
National Harbor project in Prince George's County, Md. Marriott is also
pleased to welcome The Roberts Hotel Group, the new owners of the Courtyard
Dallas Northwest Highway at Stemmons, which will undergo an extensive renovation
in early 2007.
Michael Roberts and Norman K. Jenkins
The 162-room Residence Inn National Harbor, which is scheduled to break ground in early 2007, will be featured as a part of the 300-acre, 7.3 million sq. ft. of mixed-use community that will combine retail, dining, entertainment, office and residential space. Located in Prince George's County, Md. -- cited as the wealthiest majority African-American county in the nation by Ebony magazine -- the National Harbor Project will have the largest combined hotel and convention center on the Eastern Seaboard.
In Fort Collins, Colo., Integrated Capital acquired three Marriott-branded properties which include:
Joining the Marriott system as an owner is The Roberts Hotel Group, led and managed by brothers Michael and Steven Roberts, chairman and CEO and COO respectively, of St. Louis, Mo. As a part of the agreement, the Hotel Group, which currently manages eight hotels as a part of its portfolio, will own and operate the 146-room Courtyard Dallas Northwest Highway at Stemmons. The Roberts' younger brother, Mark Roberts, will manage the day-to-day hotel operations.
Centrally located close to Downtown Dallas, Love Field Airport, DFW Airport and the Market Center Area, the Courtyard hotel will undergo an extensive renovation of the guestrooms and public space early next year. It will feature the newly launched reinvented Courtyard prototype which offers a variety of upgraded amenities including new bedding, a spacious bathroom, a new console desk design with increased workspace and movable casters, a dedicated library in the public space, the Courtyard Cafe, and The Market.
"The Roberts Hotel Group recognizes Marriott as a world-class hotelier, with a reservation system and points program known historically for driving business and value to their franchisees," said Michael Roberts, chairman and CEO of The Roberts Hotel Group and chairman of the National Association of Black Hotel Owners, Operators and Developers (NABHOOD). "We look forward to our new partnership with Marriott and future opportunities to expand our portfolio."
Marriott International's Senior Vice President of North American Lodging, Norman K. Jenkins, said, "Each of these companies owes it success, in no small part, to its excellent understanding of emerging development opportunities. We are thrilled that they chose Marriott and are equally excited about expanding our relationship with both companies."
MARRIOTT INTERNATIONAL, INC. (NYSE: MAR - News) is a leading lodging company with nearly 2,800 lodging properties in the United States and 67 other countries and territories. Marriott International operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Bulgari brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Grand Residences by Marriott brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers and golf courses. The company is headquartered in Washington, D.C., and had approximately 143,000 employees at 2005 year-end. It is ranked as the lodging industry's most admired company and one of the best places to work for by FORTUNE®. The company is also a 2006 U.S. Environmental Protection Agency (EPA) ENERGY STAR® Partner. In fiscal year 2005, Marriott International reported sales from continuing operations of $11.6 billion.
Marriott International, Inc
|Also See:||Norm Jenkins Named Senior Vice President for North American Lodging Development; Will Oversee Marriott's Diversity Ownership Initiative / December 2004|
|Marriott Reports Over 400 Minority and Women Owned Hotels Now in the Marriott System / July 2006|
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