News for the Hospitality Executive |
August
29, 2011 - "This is a deeply unfortunate, regrettable and
illegal event. The owner and its partners raided the hotel literally
under cover of night, forcibly taking over the property and threatening
our employees with dismissal unless they immediately agreed to a change
of management. We will aggressively and vigorously pursue all remedies
against the owner and its partners in this illegal act," said Arne
Sorenson, Marriott’s president and chief operating officer.
The company said that the hotel’s owner had knowingly,
wrongfully, and materially breached a long-term management agreement
with Marriott with 29 years remaining. Marriott has demanded that the
owner’s partner vacate the hotel and return control to Marriott.
Marriott will also seek substantial damages from the hotel’s owner and
its partners for their conduct in damaging the operation and reputation
of the hotel, Marriott and the EDITION brand. Marriott is actively pursuing development projects for the
EDITION brand in Chicago, Los Angeles, New York, Washington DC, Mexico
City, and Bangkok. Visit Marriott International, Inc. (NYSE: MAR) for company information. For more information or reservations, please visit our web site at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. |
Contact: www.marriott.com |