Marriott Ranks as Top Ten Franchise

2000-11-01
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  • Marriott International

    WASHINGTON, Nov. 1 /PRNewswire/ -- Marriott International, Inc.
    (NYSE: MAR) announced today that Franchise Times magazine ranked Marriott
    Hotels, Resorts and Suites eighth out of the world's top 200 franchise
    systems. Marriott Hotels, Resorts and Suites is the only hotel brand to make
    the top ten list in the magazine's annual franchise report. In addition,
    Marriott had four other hotel brands in the top 100, including Courtyard,
    Renaissance, Residence Inn and Fairfield Inn.

    Companies were judged on financial size and number of units. Marriott
    International, Inc. has more than 2,000 hotels worldwide, including more than
    1,000 franchised hotels under the Marriott, Renaissance, Residence Inn,
    Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada
    International brand names. Marriott plans to manage or franchise a hotel in
    every gateway city in the world within the next five years. The company's
    goal is to reach 2,600 hotels and over 480,000 rooms by 2003.

    Marriott International, Inc. (NYSE: MAR) is a leading worldwide
    hospitality company with over 2,000 operating units in the United States and
    58 other countries and territories. Marriott Lodging operates and franchises
    hotels under the Marriott, Renaissance, Residence Inn, Courtyard, TownePlace
    Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names;
    operates Marriott Executive Apartments; provides furnished corporate housing
    through its ExecuStay by Marriott division; and operates conference centers.
    Other Marriott businesses include senior living communities and services,
    wholesale food distribution, procurement services and The Ritz-Carlton Hotel
    Company LLC. The company is headquartered in Washington, D.C., and has
    approximately 151,000 employees. In fiscal year 1999, Marriott International
    reported systemwide sales of $17.7 billion. For more information or for
    reservations, please visit http://www.marriott.com.

    Note: This press release contains forward-looking statements within the
    meaning of federal securities law, including statements concerning business
    strategies and their intended results and similar statements concerning
    anticipated future events and expectations that are not historical facts. The
    forward-looking statements in this press release are subject to numerous risks
    and uncertainties, including the effects of economic conditions, supply and
    demand changes for hotel rooms, competitive conditions in the lodging
    industry, relationships with clients and property owners, the impact of
    government regulations, and the availability of capital to finance growth,
    which could cause actual results to differ materially from those expressed in
    or implied by the statements herein.

    SOURCE Marriott International, Inc.

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