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.