| Formerly | The Hot Shoppe (1927–1929) Hot Shoppes, Inc. (1929–1964) Marriott-Hot Shoppes, Inc. (1964–1967) |
|---|---|
| Type | Public |
| NYSE: MHS | |
| Industry | Hospitality |
| Founded | 1927 as The Hot Shoppe in Washington, D.C., U.S. |
| Founder | J. Willard Marriott |
| Defunct | 1993 |
| Fate | Corporate split |
| Successor | Marriott International and Host Marriott Corporation |
| Headquarters | Bethesda, Maryland, U.S. |
Area served | Worldwide |
Key people | Bill Marriott (Chairman, CEO and President) at time of corporate split |
| Products | Hotels, resorts, restaurants, food service |
| Total assets | $9.1 billion (1992) |
| Owner | Marriott family (25%) |
| Footnotes /references [1] | |
Marriott Corporation was a hospitality company that operated from 1927 until 1993, founded by J. Willard Marriott and Frank J. Kimball as Hot Shoppes, Inc. In 1957, Marriott Corporation opened its first hotel in Arlington County, Virginia, United States as the Twin Bridges Motor Hotel (demolished 1990). [2]
Marriott Corporation's first international property was opened in Acapulco, Mexico, in 1969. [2] Hot Shoppes became Marriott Corporation in 1967, which subsequently split into Marriott International, Inc. and Host Marriott Corporation in 1993.
J. Willard Marriott, who had moved away with his business partner Hugh Colton and his wife Alice from Utah to Washington, D.C., in 1927, where he operated a curbside food stand selling A&W Root Beer in the Columbia Heights neighborhood of Washington at 14th Street and Park Road NW.
He would later rename the food stand The Hot Shoppe, adding Mexican food items to the menu. [3] [2] Marriott's business expanded to Baltimore, Maryland, in 1934, shortly after which the company started its food services division. During Second World War, the business expanded to include the management of food services in defense plants and government buildings, such as the U.S. Treasury.
They introduced popular items such as the "Mighty Mo", a double hamburger served in a bun, topped with sesame seeds and divided into three slices. It was stacked with a dill pickle strip in the top layer and tomato, lettuce, and a distinctive dressing on the bottom layer. Very thick milk shakes were served with a long-handled spoon and an unusually wide straw, both of which would stand upright by themselves in the thick drinks. Similarly thick orange sherbet drinks were served in the same tall glass with a spoon and a straw, often called a "freeze". These would become mainstays of the luncheon menu and be imitated forever thereafter.
Then in the 1950s, Hot Shoppes, Inc. started providing food services to public schools and to Children's National Medical Center in 1955, a contract which they held for 35 years.
The company went public in 1953. [4] [5] [6] In 1957, the firm expanded into the hotel industry by opening the first Marriott hotel (actually a motel), the Twin Bridges Motor Hotel, in Arlington County, Virginia.
In 1964, Hot Shoppes, Inc. was renamed Marriott-Hot Shoppes, Inc. [7] The company became Marriott Corporation in 1967.
In 1967, Marriott acquired the Big Boy family restaurants chain from Bob Wian. [8] [9]
The following year, Marriott acquired the Fort Wayne-based RoBee's, a roast beef sandwich fast-food chain, [10] but later discovered that they would not be able to use the RoBee's name nationally. [11] At the suggestion of the new Marriott board member Bob Wian, cowboy actor Roy Rogers was contacted to lend his name to the roast beef sandwich venture, and the Roy Rogers Family Restaurants was formed a few months later by converting RoBee's and a few Hot Shoppe locations. [12] [13]
Over the years, Marriott's company interests expanded. Continuing with food services, Marriott eventually became involved with airline in-flight food service. This segment of their enterprise continues to be a large part of their business, providing food services to many major airlines.
In 1976, Marriott opened two theme parks called Marriott's Great America in California [14] and Illinois. [15] Another was planned for in Maryland but local opposition prevented construction from ever beginning at any of the three proposed sites. The parks had replicas of the first Hot Shoppes. Both parks were sold in the mid-1980s, the one in California was sold to the city of Santa Clara, California and the one in Illinois was sold to Six Flags in 1984. They are both renamed California's Great America and Six Flags Great America, respectively. [16] [17]
In 1982, the company acquired Host International for $120 million [18] and also Gino's Inc., the owner of Gino's Hamburgers and Rustler Steak House restaurant chains, for $48.6 million. [19] [20] 108 Rustler Steak House Restaurants plus three other restaurants were sold in the following year to two different firms for undisclosed amounts. Newly formed Tenly Enterprises purchased 94 restaurants while Sizzler Restaurants International purchased the remaining 17. [21]
By 1984, Marriott had formed a vacation time-share division, now called Marriott Vacation Club International, through the purchase of American Resorts Group for an undisclosed amount [22] and also a senior-living division.[ citation needed ]
In 1985, the company purchased the Howard Johnson's restaurant chain from the Imperial Group P.L.C. of London for $314 million [23] [24] with plans of converting the acquired restaurants to the Bob's Big Boy brand and to make Bob's the largest coffee-shop business in the country. [25]
In 1987, Marriott sold the Big Boy restaurants franchise rights to Elias Brothers for an undisclosed amount while keeping 208 company-owned Bob's Big Boy restaurants in California and selected locations on the East Coast. [26]
In 1988, Marriott purchased all 91 Wag's restaurants from Walgreens Corporation, [27] but dissolved the chain in 1991.
The Roy Rogers chain was sold to Hardee's in 1990 for $365 million in cash. [13]
The Marriott Corporation ended its existence as a single company in 1993, when it was split into two separate entities: [28] 1) Marriott International Corporation, which operated the hotel and lodging aspect of the business and Marriott Vacation Club International, and 2) Host Marriott Corporation, the new name for the original Marriott Corporation and operating the Marriott Food Services Management. The last Hot Shoppes restaurant, located in the Marlow Heights Shopping Center, closed on December 2, 1999. [29]
Hardee's Restaurants LLC is an American fast-food restaurant chain operated by CKE Restaurants Holdings, Inc. ("CKE") with locations primarily in the Southern and Midwestern United States. The company has evolved through several corporate ownerships since its establishment in 1961 in North Carolina.
Roy Rogers Franchise Company, LLC is a chain of fast food restaurants primarily located in the Mid-Atlantic and Northeastern United States. The chain originated as the rebranding of the RoBee's House of Beef chain of Fort Wayne, Indiana, acquired by the Marriott Corporation in February 1968. However, Marriott first used the Roy Rogers Roast Beef name on conversions of the company's Junior Hot Shoppes in the Washington, D.C. area in April 1968, then the existing RoBee's stores. An aggressive nationwide franchising campaign was launched. At its peak, the chain included over 600 locations. The chain now has 40 locations in six states, either company owned or franchised.
Broadway Stores, Inc., was an American retailer based in Southern California. Known through its history as Carter Hawley Hale Stores and Broadway Hale Stores over time, it acquired other retail store chains in regions outside its California home base and became in certain retail sectors a regional and national retailer in the 1970s and 1980s. The company was able to survive takeover attempts in 1984 and 1986, and also a Chapter 11 bankruptcy filing in 1991 by selling off most of its assets until August 1995 when its banks refused to advance enough additional credit in order for the company to be able to pay off suppliers. At that point, the company sold itself to Federated Department Stores for $1.6 billion with the acquisition being completed on October 12, 1995.
Marriott International, Inc. is an American multinational company that operates, franchises, and licenses lodging including hotel, residential, and timeshare properties. It is headquartered in Bethesda, Maryland. The company was founded by J. Willard Marriott and his wife Alice Marriott.
Big Boy Restaurant Group, LLC is an American restaurant chain headquartered in Warren, Michigan. Frisch's Big Boy Restaurants is a restaurant chain with its headquarters in Cincinnati, Ohio. The Big Boy name, design aesthetic, and menu were previously licensed to a number of regional franchisees.
Shoney's is an American restaurant chain headquartered in Nashville, Tennessee. It operates restaurants in 17 states, primarily in the South with additional locations in the Midwest and lower Mid-Atlantic states.
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.
Robert C. Wian was the founder of the Big Boy restaurant chain. The restaurant started as a 10-stool hamburger stand in Glendale, California, opening in 1936 with an investment of $300 raised from the sale of his car. Wian sold Bob's Big Boy and rights to the Big Boy chain to the Marriott Corp. in 1967 for $7 million.
Pup 'N' Taco was a privately owned chain of fast-food restaurants in Southern California; the chain's headquarters were located in Long Beach, California. The business was begun by Russell Wendell in 1956 as a drive-in restaurant that served tacos, hot dogs, and pastrami sandwiches. Russell already owned Big DoNut, a chain of successful doughnut stores in Los Angeles that featured gigantic doughnuts atop a drive-in bakery. The first officially branded Pup 'N' Taco was opened in Pasadena, California in 1965.
Gino's Hamburgers was a fast-food restaurant chain founded in Baltimore, Maryland by Baltimore Colts defensive end Gino Marchetti and running back Alan Ameche, along with their close friends Joe Campanella and Louis Fischer, in 1957. A new group of restaurants under the Gino's name, involving some of the principals of the original chain, was started in 2010.
Thrifty PayLess Holdings, Inc. was a pharmacy holding company that owned the Thrifty Drugs and PayLess Drug Stores chains in the western United States. The combined company was formed in April 1994 when Los Angeles-based TCH Corporation, the parent company of Thrifty Corporation and Thrifty Drug Stores, Inc., acquired the Kmart subsidiary PayLess Drug Stores Northwest, Inc. At the time of the merger, TCH Corporation was renamed Thrifty PayLess Holdings, Inc. and Thrifty operated 495 stores, PayLess operated 543 stores.
Stephen Frasier Bollenbach was a financial manager who served as CEO and CFO for many hotel-related organizations. After working with financier Daniel K. Ludwig from 1968 to 1980, he oversaw mergers and acquisitions for various corporations to include Marriott Corporation, Holiday Corporation, Harrah's Entertainment, the Trump Organization, Disney, and Hilton Hotels. He served on various corporate boards, including the nonexecutive chairman of Los Angeles-based KB Home and a member of the board of directors of Time Warner. He served on the board of directors for American International Group, Inc. (AIG) during the 2007 financial crisis, and he was also a director of Harrah's Entertainment, Inc., Macy's, Inc., and the Los Angeles World Affairs Council.
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.
Bob's Big Boy is a restaurant chain founded by Bob Wian in Southern California in 1936, originally named Bob's Pantry. It is now part of Big Boy Restaurant Group, the current primary trademark owner and franchisor of the Big Boy system. At its peak in 1989, there were over 240 Bob's locations throughout the United States, most belonging to Marriott. By 2022, only four Bob's Big Boy Restaurants remain in operation, all in Southern California. Those four locations are in Burbank, Downey, Norco, and Northridge. Two of these restaurants are now protected historic landmarks: the Burbank location on Riverside Drive and the Downey location, previously known as Johnie's Broiler. In August 2020, plans were announced to open a Bob's Big Boy in Indian Springs, Nevada. The restaurant opened on November 8, 2020 as Big Boy without the Bob's branding, with future expansion planned across Southern Nevada.
Wag's was a chain of casual dining restaurants owned and operated by Walgreens in the 1970s and 1980s. They were modeled after restaurants like Denny's, Shoney's, and Big Boy in that they were mostly 24-hour establishments specializing in inexpensive fare such as hamburgers and breakfast. The chain was based on smaller restaurants that existed in some of the larger Walgreens stores.
Kohl’s Food Stores was a Milwaukee-area grocery store chain and subsidiary of The Great Atlantic and Pacific Tea Company. Kohl’s Food Stores distribution center was located in Waukesha, while its management offices were located in Milwaukee, Wisconsin.
Rustler Steak House was an American steakhouse chain. It was founded in 1963 by former professional football player Joe Campanella, who expanded the kitchen offering to steaks, baked potatoes, bread, soups, salads and checkered napkins. Campanella sold the new chain after opening five stores.
Hot Shoppes, Inc., Washington, D. C., plans to offer its stock to the public for the first time since the curb-service restaurant chain was founded in 1927.Alternate Link via ProQuest.
Hot Shoppes, Inc., family-owned for a quarter of a century, is expected to file a registration statement with the Securities and Exchange Commission this week for the first public offering of shares.Alternate Link [ dead link ] via ProQuest.
First public offering of Hot Shoppes Inc. common stock was snapped up within two hours yesterday. Some local brokers reported oversubscription by two or three times the amount allotted to them.Alternate Link via ProQuest.
Marriott Hot Shoppes, Inc., will be the new corporate name of Hot Shoppes, if shareholders vote approval at the annual meeting on Nov. 10.Alternate Link via ProQuest.
Marriott-Hot Shoppes Inc., is negotiating to acquire Robert C. Wian Enterprises Inc., and its affiliated Big Boy Properties Inc., officials of the two firms announced Wednesday.Alternate Link via ProQuest.
The Marriott Corp. has completed the acquisition of the RoBee's fast-food franchise organization based in Fort Wayne...Alternate Link via ProQuest.
The city of Santa Clara has decided to buy Marriott's Great America amusement park in a $101-million deal to save 138 acres of prime Silicon Valley land from developers...Alternate Link via ProQuest.
Bally Manufacturing Corp. completed Friday its previously announced $114.5 million acquisition of Marriott's Great America theme park in Gurnee from Marriott Corp.Alternate Link via ProQuest.
Marriott Corp. has acquired the American Resorts Group, a Florida-based developer and operator of vacation time-sharing condominiums, it was announced yesterday. Terms were not disclosed.Alternate Link via ProQuest.
The two companies, known as Marriott International Inc. and Host Marriott Corp., will be listed separately on the New York Stock Exchange and have their own management teams.
But the last of the Hot Shoppes closed its doors at exactly 1 p.m. yesterday, bringing an end to a chain of restaurants that epitomized the '50s and '60s... Most of the Hot Shoppes closed in the '80s. A few weeks ago, the second to the last closed in Crystal City.Link via ProQuest.
| Luxury | |||||
|---|---|---|---|---|---|
| Full service |
| ||||
| Focused service |
| ||||
| Vacation ownership |
| ||||
| Related | |||||
| General | |
|---|---|
| National libraries | |
| Art research institutes | |
