News for the Hospitality Executive
December 17, 2012 - Recognizing the increasing importance of the Caribbean and Latin America as a destination and source market for its portfolio of hotels, Marriott International (NYSE:MAR) has named company veteran Craig S. Smith, currently vice president and chief operations officer for Asia Pacific, as its first-ever president for the Caribbean and Latin America.
Smith, who as the son of a diplomat resided in several Latin American countries, began his career with Marriott International nearly a quarter-century ago, serving as general manager of properties in Brazil, the Dominican Republic, El Salvador and Peru before spearheading the company’s expansion into Asia. He is fluent in both Spanish and Portuguese.
The year 2012 saw the opening or conversion of 8 hotels in 5 countries, among them Mexico City’s first Courtyard by Marriott brand hotel at the International airport as well as the much-anticipated JW Marriott Cusco, strategically located at the gateway to the archaeological site of Machu Picchu.
Marriott International expects to double its footprint in the Caribbean and Latin America by 2017, adding 14,000 jobs and over 70 additional properties across 10 lodging brands in 26 countries and territories.
“Latin America’s booming economy has led to an expanding middle class eager to travel to new places and do business within and outside the region, providing tremendous opportunities for Marriott's portfolio of brands,” said Craig S. Smith, President of the Caribbean and Latin America at Marriott International.
Entering the Caribbean and Latin America in 1990 with the openings of the 450-room Marriott CasaMagna Resort in Cancun and the 433-room Marriott CasaMagna Resort in Puerto Vallarta, both in Mexico, Marriott International is now represented in the region by 74 hotels in 25 countries and territories, offering more than 18,000 rooms and spanning nine lodging brands: The Ritz-Carlton and JW Marriott Hotels & Resorts in the luxury tier; Marriott Hotels & Resorts, Marriott International’s signature brand; Renaissance Hotels and the Autograph Collection in the lifestyle category; Courtyard by Marriott and Fairfield Inn in the moderately-priced tier; and Marriott Executive Apartments and Residence Inn by Marriott in the extended stay category. In addition, Marriott Vacation Club International, Marriott's timeshare ownership division, offers three resorts in two countries.
Note: The statements about the numbers of new hotels and rooms we expect to add by 2017 are “forward looking statements" within the meaning of federal securities laws, not historical facts, and are subject to a number of risks and uncertainties, including the continuation and pace of the economic recovery; supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth and refurbishment; and other risk factors identified in our most recent annual report on Form 10-K; any of which could cause actual results to differ materially from those expressed in or implied by our statement. These statements are made as of the date of this press release, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
About Marriott International, Inc.
Marriott International, Inc. (NYSE: MAR) is a leading lodging company based in Bethesda, Maryland, USA with more than 3,700 properties in 73 countries and territories and reported revenues of over $12 billion in fiscal year 2011. The company operates and franchises hotels and licenses vacation ownership resorts under the following brands: Marriott Hotels & Resorts, The Ritz-Carlton, JW Marriott, Bulgari, EDITION, Renaissance, Gaylord Hotels, Autograph Collection, AC Hotels by Marriott, Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, Marriott Executive Apartments, Marriott Vacation Club, Grand Residences by Marriott, and The Ritz-Carlton Destination Club. There are approximately 300,000 employees at headquarters, managed and franchised properties. Marriott is consistently recognized as a top employer and for its superior business operations, which it conducts based on five core values: put people first, pursue excellence, embrace change, act with integrity, and serve our world. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.
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International Names Kevin Schwab Market Vice President for Mexico /
Completes Acquisition of Gaylord Hotels Brand and Hotel Management
Company for $210 Million / October 2012
Under an Agreement with Operadora Punta Peninsula, S.A. de C.V., and
Ownership Group Grupo Diestra, to Open New 300-room JW Marriott Resort
in Los Cabos, Mexico / September 2012
Marriott Luxury Brand to Debut in Panama with the JW Marriott Panama
Golf & Beach Resort; To Open in Rio Hato through the Conversion of
the 118-room Bristol Buenaventura / September 2012
JW Marriott Hotel Opens in New York City with the JW Marriott Essex
House New York; A Rebranding of the 509-room Jumeirah Essex House with
Stephen Batta as the New General Manager / September 2012
153-room JW Marriott Cusco Opens in Peru at the Gateway to Machu
Picchu; Built on Grounds of Colonial Monastery and Features Ancient
Inca Artifacts / September 2012
Madsen Appointed as Executive Chef for the JW Marriott Grand Rapids in
Michigan / July 2012
International Debuts in Azerbaijan with the 243-room JW Marriott
Absheron Baku; Opened Under a Management Agreement with Yeni Absheron
Oteli LLC / June 2012
International and Grupo Diestra Open the 221-room JW Marriott Mexico
City Santa Fe in Mexico / June 2012
and Grupo Velutini to Open 131-room JW Marriott Hotel in Santo Domingo,
Dominican Republic in 2014 / April 2012
International Opens its First JW Marriott Hotel in North India with the
165-room JW Marriott Chandigarh / July 2011
International Opens 413-room JW Marriott Hotel Ankara in Turkey Managed
by Ozkar Insaat A.S. / July 2011
International Planning 12 New JW Marriott Brand Hotels to Open by 2012
in India, Turkey, Azerbaijan, Maldives, Peru, Vietnam, UAE and South
Korea / June 2011
|Marriott Hotels & Resorts Adding to Global Pipeline Nearly 50 New Hotels and Resorts Over Next Four Years; Focus is on Worldwide Emerging Destinations / June 2011|
International to Open 153-room JW Marriott Hotel in Cusco, Peru to be
Managed by Inversiones La Rioja, S.A / March 2011
Largest JW Marriott, the JW Marriott® Indianapolis Downtown, Opens
Completing the $450 million Marriott Place Development Project /
Marriott Marquis Hotel Miami Opens as the 47th JW Marriott Property;
Plans Include an Addtional 20 Properties Over Next Five Years /
Soon to Open JW Marriott Marquis Hotel Miami Taking Amenities to
Another Level with a Virtual Bowling Room, Virtual Golf Facility and a
10,000 sq ft NBA Basketball Court; Not to Mention Daniel Boulud's db
Bistro Moderne and a Hotel within a Hotel, the Hotel Beaux Arts Miami
/ August 2010
|357-room JW Marriott Miami Marquis Hotel Being Developed by MDM Hotel Group, LTD in Downtown, Miami; Will Include Daniel Boulud's DB Bistro Moderne / September 2009|
|The Metropolitan Miami Project in Downtown Miami Planning a 396-room Miami Met Marquis, a New Brand Addition to the JW Marriott Collection Hotels; Joins Daniel Boulud's DB Bistro Moderne / June 2007|
|Florencia Tabeni Appointed General Manager for the JW Marriott Marquis Miami and Hotel Beaux Arts Miami / December 2009|