Get the latest delivered to your inbox
Privacy Policy

Now Reading

Marriott Expands Diverse Hotel Ownership Portfolio

Marriott Expands Diverse Hotel Ownership Portfolio

Published 07-30-08

Submitted by Marriott International, Inc.

WASHINGTON, DC. - July 30, 2008 - Marriott International, Inc. (NYSE:MAR) announced today the expansion of its diverse hotel ownership portfolio with the opening of the African-American-owned, 162-suite Residence Inn National Harbor Washington, D.C., on Aug. 18 in Maryland's Prince George's County-cited as "America's Wealthiest Black County" by Ebony magazine. The Residence Inn National Harbor will become the eighth Marriott hotel owned by Los Angeles-based Integrated Capital, LLC and the sixth diverse-owned Marriott hotel in Prince George’s County.

"We are proud of our growing portfolio of diverse-owned hotels, which currently stands at more than 400," said Norman Jenkins, senior vice president, Lodging Development, Marriott International, Inc."Integrated Capital is a great example of an owner that has benefited from our Diverse Ownership Initiative."

"We are thrilled to partner with Marriott once again," said Kenneth Fearn, founder of Integrated Capital, LLC. "Marriott has the best hotel ownership program in the hospitality industry and more importantly, our values of diversity and inclusiveness are aligned. It's truly a great partnership."

The hotel's senior leadership includes a diverse staff with 12-year Marriott veteran Kori Johnson leading the way as general manager. It is located in one of the largest development projects in the Washington-DC metro area which offers a host of restaurants, retail and businesses along the shores of the Potomac River. The Residence Inn National Harbor is located just over the Woodrow Wilson Bridge "“ a boat ride away from Alexandria, Va., and Washington, D.C. "“ and offers easy access to Andrews Air Force Base, Nationals Stadium and Ronald Reagan Washington National Airport.

Integrated Capital's portfolio also includes the following Marriott-branded hotels:

    California "“ Ventura Beach Marriott;
  • Colorado - Fort Collins Residence Inn by Marriott, Fort Collins Courtyard by Marriott and Fort Collins Marriott;
  • Kansas "“ Overland Park Marriott;
  • Maryland "“ Silver Spring Residence Inn by Marriott and the Columbia Residence Inn by Marriott.
The five additional diverse-owned hotels in Prince George’s County include: two Courtyard by Marriott hotels, a Residence Inn by Marriott and a Springhill Suites by Marriott under development in Bowie and Hyattsville, Md.; and a TownePlace Suites by Marriott in Bowie Town Center that is currently open.

Marriott's Diversity Ownership Initiative was designed to help educate and guide successful business owners through the hotel ownership process. In 2005, Marriott set a goal to have 500 hotels owned, operated or in the pipeline by minorities and women by 2010. To date, Marriott's portfolio includes more than 400 such hotels and is well on track to exceed the 2010 goal. For more information on Marriott's diversity initiatives, visit www.marriott.com/diversity.

For more information or reservations, call the Residence Inn National Harbor Washington, D.C. hotel directly at 301-749-4755, the Residence Inn toll-free number at 800-331-3131, a travel agent or visit the website at www.residenceinn.com.

Click here for Marriott International, Inc. (MAR: NYSE) company information.

Marriott International, Inc. logo

Marriott International, Inc.

Marriott International, Inc.

Marriott International, Inc. (NYSE: MAR) is a leading lodging company based in Bethesda, Maryland, USA, with more than 3,800 properties in 72 countries and territories and reported revenues of nearly $12 billion in fiscal year 2012.

The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands, including Marriott Hotels, The Ritz-Carlton, JW Marriott, Bulgari, EDITION, Renaissance, Gaylord Hotels, Autograph Collection, AC Hotels by Marriott, Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, Marriott Executive Apartments, Marriott Vacation Club, Grand Residences by Marriott and The Ritz-Carlton Destination Club.

There are approximately 325,000 employees at headquarters, managed and franchised properties. Marriott is consistently recognized as a top employer and for its superior business operations, which it conducts based on five core values: put people first, pursue excellence, embrace change, act with integrity, and serve our world. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

More from Marriott International, Inc.

Join today and get the latest delivered to your inbox