Formerly | Host Marriott Corporation (1993-2005) |
---|---|
Company type | Public |
Nasdaq: HST S&P 500 component | |
Industry | Real estate investment trust |
Founded | 1993 |
Headquarters | 4747 Bethesda Avenue, Suite 1300, , United States |
Key people | Richard E. Marriott (chairman) James F. Risoleo (president & CEO) Sourav Ghosh (CFO) |
Revenue | $5.311 billion (2023) |
$752 million (2023) | |
Total assets | $12.243 billion (2023) |
Total equity | $6.637 billion (2023) |
Number of employees | 163 (2024) |
Website | hosthotels |
Footnotes /references [1] |
Host Hotels & Resorts, Inc. is an American real estate investment trust that invests in hotels. As of December 31, 2023, the company owned 77 upscale hotels containing approximately 42,000 rooms in the United States, Brazil, and Canada. [1]
In 1927, John Willard Marriott and his wife Alice opened a root beer stand in Washington, D.C. that they named “The Hot Shoppe,” which later became a public company. [2] In 1957, Hot Shoppes, Inc. expanded into the lodging business with the opening of its first hotel in Arlington, Virginia, and in 1967, the company was renamed Marriott Corporation. [2]
In 1897, the Van Noy Brothers of Kansas City, Missouri, formed Van Noy Railway News and Hotel Company to operate news stands along the Missouri Pacific and other regional railroads. The company later expanded to various hospitality services, including hotels. After several name and business changes it became the Host International Company in 1968. It was acquired by Marriott Corporation in 1982. [3] [4]
In 1993, Marriott Corporation divided its business into two companies: Marriott International, Inc., which took over management and franchising, and Host Marriott Corporation. [5] [6] Host Marriott managed lodging and travel concessions at airports and along turnpikes and interstate highways. [6] The concession businesses were further spun off as Host Marriott Services, or HMSHost. [5] After divesting its non-hotel business and reorganizing it as a real estate investment trust in 1998, [7] it adopted its current name—Host Hotels & Resorts, Inc.—in 2006. [8] [9]
MGM Resorts International is an American hospitality and entertainment company. Operating destination resorts in Las Vegas, Massachusetts, Michigan, Mississippi, Maryland, Ohio, New Jersey, Macau, Shanghai, Chengdu, Hangzhou and Sanya, including Bellagio, Mandalay Bay, MGM Grand, and Park MGM.
Starwood Hotels and Resorts Worldwide, Inc. was one of the largest companies that owned, operated, franchised and managed hotels, resorts, spas, residences, and vacation ownership properties. It was acquired by Marriott International in 2016. Starwood was founded in 1969 as a real estate investment trust. In 1995, it was acquired and reorganized by Barry Sternlicht, who was its chairman until 2005 and founder of the Starwood Capital Group. Starwood had 11 brands and owned, managed, or franchised 1,297 properties comprising 370,000 hotel rooms in approximately 100 countries.
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate across the globe. Blackstone is also active in credit, infrastructure, hedge funds, secondaries, growth equity, and insurance solutions. As of May 2024, Blackstone has more than US$1 trillion in total assets under management, making it the largest alternative investment firm globally.
The Van Noy Railway News and Hotel Company, known today as HMSHost, was a business founded by the Van Noy Brothers of Kansas City, Missouri, which developed at the beginning of the twentieth century to provide services to travelers aboard passenger trains. At a time when most passenger trains carried neither dining cars nor lounge cars, private businessmen such as the Van Noys recognized a profit opportunity by operating eating houses at railroad junction points and selling snacks and novelties aboard the trains.
Marriott International, Inc. is an American multinational company that operates, franchises, and licenses lodging brands that include hotel, residential, and timeshare properties. Marriott International owns over 36 hotel and timeshare brands with 8,785 locations and 1,597,380 rooms across its network(As of 2023). Marriott International is headquartered in Bethesda, Maryland. The company is the successor to the hospitality division of the Marriott Corporation, founded by J. Willard Marriott (1900–1985) and his wife Alice Marriott (1907–2000).
Marriott may refer to:
John Willard Marriott Sr. was an American entrepreneur and businessman. He was the founder of the Marriott Corporation, the parent company of the world's largest hospitality, hotel chains, and food services companies. The Marriott company rose from a small root beer stand in Washington, D.C., in 1927 to a chain of family restaurants by 1932, to its first motel in 1957. By the time he died in 1985, the Marriott company operated 1,400 restaurants and 143 hotels and resorts worldwide, including two theme parks, earned US$4.5 billion in revenue annually with 154,600 employees. The company's interests also extended to a line of cruise ships.
The Marriott Corporation was a hospitality company that operated from 1927 until 1993. It was founded by J. Willard Marriott and Frank J. Kimball as Hot Shoppes, Inc. In 1957, it opened its first hotel in Arlington County, Virginia, the Marriott Motor Hotel.
HMSHost is an American highway and airport food-service company, a wholly owned subsidiary of the Swiss company Dufry. As of 2014, Steve Johnson is the CEO of HMSHost.
Ryman Hospitality Properties, Inc. is a hotel, resort, entertainment, and media company named for one of its assets: the Ryman Auditorium, a National Historic Landmark in Nashville, Tennessee. The company's legal lineage can be traced back to its time as a subsidiary of Edward Gaylord's Oklahoma Publishing Company, however the backbone of the modern entity was formed with the company's acquisition of WSM, Inc. in 1983. This purchase resulted in the ownership of the Grand Ole Opry and associated businesses, including the company's flagship resort property, then known as Opryland Hotel. As such, Ryman Hospitality cites 1925 as its origin year.
Marriott Hotels & Resorts is Marriott International's brand of full-service hotels and resorts based in Bethesda, Maryland. As of June 30, 2020, there were 582 hotels and resorts with 205,053 rooms operating under the brand, in addition to 160 hotels with 47,765 rooms planned for development.
Westin Hotels & Resorts is an American upscale hotel chain owned by Marriott International. As of June 30, 2020, the Westin Brand has 226 properties with 82,608 rooms in multiple countries in addition to 58 hotels with 15,741 rooms in the pipeline.
Trump National Doral Miami is a golf resort in Doral in South Florida in the United States. It was founded by real estate pioneer Alfred Kaskel in 1962, with the name "Doral" coming from an amalgamation of the first names of Kaskel and his wife, Doris. It currently has 72 holes of golf and its signature course is the Blue Monster at Doral.
The Marriott Motor Hotel, later the Twin Bridges Marriott Hotel was the first lodging facility operated by what would become Marriott International. It opened in 1957 and was demolished in 1990.
The JW Marriott San Francisco Union Square is a luxury hotel in San Francisco, California. It is owned by Park Hotels & Resorts.
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and Members. Its brands include Marriott Vacation Club, Marriott Vacation Club Pulse, Grand Residences by Marriott, and The Ritz-Carlton Destination Club. The Company also operates Interval International, which offers an exchange network and travel membership programs through a network of more than 3,200 affiliated resorts in over 90 countries and territories.
Arne Morris Sorenson was an American lawyer and hotel executive who served as the president and chief executive officer of Marriott International from 2012 until his death in 2021. He was a graduate of Luther College in Iowa, and the University of Minnesota Law School. He previously practiced law in Washington, D.C., with Latham and Watkins, specializing in mergers and acquisitions litigation. He joined Marriott in 1996 where he served in increasingly senior management roles before being promoted to chief executive.
The RLJ Companies is an American asset management firm owned by entrepreneur Robert Louis Johnson. After selling Black Entertainment Television in 2001, Johnson's first company, he created RLJ Companies in Bethesda, Maryland. The company's network includes hotel real estate investment, private equity, financial services, asset management, insurance services, car dealerships, sports and entertainment, and video lottery terminal (VLT) gaming. The company is headquartered in Bethesda and has additional offices in Charlotte, North Carolina; Little Rock, Arkansas; Los Angeles, California; San Juan, Puerto Rico, and Monrovia, Liberia.
Park Hotels & Resorts is a real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
Robert J. (Bob) McCarthy, is the founder and chairman of McCarthy Investments LLC and is an American hotel executive. He is the former Chief Operations Officer of Marriott International. McCarthy is chairman of Hotel Development Partners LLC, a hotel developer focused on Marriott and Hilton brands.