About Marriott International, Inc. (MAR)

Company Description:

Marriott International, Inc. is a leading global lodging company with a diverse portfolio of brands and properties. The company is known for its extensive range of hotels and related lodging facilities. It operates through a wide range of brands catering to different market segments, offering everything from luxury to budget accommodations.

Founded by J. Willard Marriott and Alice S. Marriott in 1927, Marriott International has grown from a small root beer stand to a global lodging powerhouse. Its headquarters are located at 7750 Wisconsin Avenue, Bethesda, MD, United States.

Main Product(s):

Marriott International’s main products are its hospitality services, including full-service lodging, select-service lodging, extended-stay, timeshare, and luxury hotel services.

Short History of Marriott International, Inc:

• 1927 – Founded as a root beer stand in Washington, D.C., by J. Willard Marriott and Alice S. Marriott.
• 1957 – Opened its first hotel, the Twin Bridges Marriott Motor Hotel in Arlington, Virginia.
• 1983 – Launched the Courtyard by Marriott brand, a chain of moderately priced hotels.
• 1993 – Marriott International was formed when Marriott Corporation split into two companies, Marriott International and Host Marriott Corporation.
• 2016 – Acquired Starwood Hotels and Resorts Worldwide, becoming the world's largest hotel chain.
• 2019 – Announced the expansion of its all-inclusive portfolio.