Archive: Marriott International Corp.

Marriott, Host Shares Gain on Earnings Report

Marriott International shares gained more than 12 percent today, closing at $22. Though it reported a first-quarter loss, adjusted earnings beat the Street's expectations, so its stock rose. But not as much as those of Host Hotels & Resorts, also based in Bethesda, whose shares gained almost 17 percent...

By Terri Rupar | April 23, 2009; 04:59 PM ET | Comments (1)

Early Briefing: Marriott's Arne Sorenson

Arne Sorenson tells reporter Michael Rosenwald that 11 years ago, Bill Marriott took his first bet on him, making Sorenson the chief financial officer of the hotel chain. Last week, Sorenson was promoted to president and chief operating officer, and analysts see that as Marriott's next big bet. Even though...

By Terri Rupar | March 16, 2009; 07:30 AM ET | Comments (0)

Marriott Announces Executive Changes

Arne M. Sorenson By Thomas Heath Marriott International today named chief financial officer Arne M. Sorenson as president and chief operating officer, placing him at the forefront of candidates to one day succeed chairman and chief executive J. W. "Bill" Marriott Jr. Sorenson, 50, succeeds William J. Shaw, 63,...

By Dan Beyers | March 9, 2009; 02:53 PM ET | Comments (5)

Morning Brief: The Dynamics of Hiltons' Move

Following Hilton Hotels' announcement that it plans to move to the Washington area, staff writer Michael Rosenwald now asks: can two major competitors coexist in the same region? For more than 50 years, Marriott International has been the Washington area's premiere lodging company. Other firms have popped up around...

By Alejandro Lazo | January 26, 2009; 08:44 AM ET | Comments (0)

Newest Marriott Opens at National Harbor

By Anita Huslin Five scissor snips to a long red ribbon, and the Washington region's newest Marriott hotel officially opened yesterday in Prince George's County. The 160-room Residence Inn by Marriott National Harbor was built by a partnership of African American businessmen that includes Thomas A. Moorehead, chairman of BMW/MINI...

By Terri Rupar | September 19, 2008; 11:30 AM ET | Comments (1)

A Bridge From School To Work

By Christopher Twarowski Reggie Randolph was a shy 17-year-old when he enrolled in the Marriott Foundation for People with Disabilities' Bridges school-to-work program two years ago. The D.C. native was a student at Woodson High School. He has a learning disability that made it difficult for him to make eye...

By Dan Beyers | June 26, 2008; 02:00 PM ET | Comments (0)

Bill And Richard Marriott Remember Mom

By Michael Rosenwald One of the true feel good events in Corporate America is Marriott International's annual Awards of Excellence program, when the company honors employees throughout the world who do the Marriott name proud. I've attended the awards for the last few years. The food is generally good, but...

By Dan Beyers | June 9, 2008; 04:52 PM ET | Comments (0)

Marriott's Third-Quarter Profit Slips 7 Percent

Marriott International reported a 7 percent decline in third-quarter earnings driven by falling profit in the Bethesda hotel operator's timeshare dvision and higher tax rates. See the company's statement. The company said it earned $131 million (33 cents a share) for the three months ended Sept. 7, down from $141...

By Mike Shepard | October 4, 2007; 01:46 PM ET | Comments (0)

DC Mayor Touts New Convention Hotel

With gold pen in hand, Mayor Adrian M. Fenty signed an agreement earlier today to bring a 1,150-room Marriott headquarters hotel to a two-acre plot of land across the street from the Washington Convention Center. Well, technically, it was a re-signing. The memorandum of understanding to put the long-squabbled-over deal...

By Dan Beyers | September 24, 2007; 05:34 PM ET | Comments (0)

Ian Schrager On Marriott

Ian Schrager, the designer who essentially created the boutique hotel concept, is teaming up with Marriott International to launch a boutique brand on a mass scale. It is an odd pairing, to be sure. Schrager was behind the wild disco club Studio 54 and later went to prison for tax...

By Dan Beyers | August 20, 2007; 04:59 PM ET | Comments (0)

Marriott Expands Share Buyback Program

Marriott International said today the company expanded its stock buyback program by 40 million shares. The Bethesda company now plans to repurchase up to 51 million of the 403.8 million shares outstanding. Since 2002, Marriott has repurchased 181 million shares for about $5.6 billion, the company said in a statement....

By Mike Shepard | August 2, 2007; 01:53 PM ET | Comments (0)

Marriott's Second-Quarter Earnings Up 11 Percent

Marriott International is reporting today an 11 percent increase in second-quarter profit driven by strong demand for rooms and rising revene from fees charged to franchisee hotels. The Bethesda hospitality company, which operates nearly 2,900 hotels worldwide, said in a statement that it earned $207 million for the period ended...

By Mike Shepard | July 12, 2007; 10:24 AM ET | Comments (0)

With Hilton Sale, Is Marriott Next?

The WSJ kicks off the speculation frenzy with a teaser of a story (subscription required) that ponders whether Marriott International might be in play now that private equity giant Blackstone has landed Hilton Hotels. The story says Marriott shares have been ticking up in recent months on buyout rumors. "But...

By Dan Beyers | July 5, 2007; 06:19 AM ET | Comments (0)

The Story Behind The Marriott Story

Staff writer Michael Rosenwald discusses his profile of the Marriotts in last Sunday's magazine. After my magazine cover story on Bill Marriott ran this past weekend, a lot of people have asked how I was able to connect on such a personal level with a guy who is more than...

By Dan Beyers | July 3, 2007; 05:27 PM ET | Comments (0)

Dynasty

Staff writer Michael Rosenwald profiles the Marriott family in the Washington Post Magazine this Sunday. His piece tells us how the Marriotts built a hotel empire from a D.C. soda stand, and ponders the question: Can the family remain true to its brand? J.W. Marriott Jr. (David Deal) See the...

By Dan Beyers | June 30, 2007; 12:21 PM ET | Comments (0)

 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company