Marriott Corporation
Previous forms of the hospitality company in Bethesda, Maryland, United States / From Wikipedia, the free encyclopedia
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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]
Quick Facts Formerly, Company type ...
Formerly | The Hot Shoppe (1927–1929) Hot Shoppes, Inc. (1929–1964) Marriott-Hot Shoppes, Inc. (1964–1967) |
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Company type | Public |
NYSE: MHS | |
Industry | Hospitality |
Founded | 1927; 97 years ago (1927) as The Hot Shoppe in Washington, D.C., U.S. Incorporated in 1929; 95 years ago (1929) as Hot Shoppes, Inc. in Wilmington, Delaware, U.S. |
Founder | J. Willard Marriott |
Defunct | 1993; 31 years ago (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] |
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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.