a shared history of innovation marriott …artutor.teiemt.gr/wp-content/uploads/2019/02/... ·...

2
A SHARED HISTORY OF INNOVATION MARRIOTT INTERNATIONAL+STARWOOD HOTELS & RESORTS 1927 Founders J. Willard and Alice S. Marriott open an A&W root beer stand, later named The Hot Shoppe, in Washington, D.C. 1930 Western Hotels, a chain of properties that becomes Westin Hotels & Resorts, is founded by Severt Thurston and Frank Dupar from Seattle, Wash. Page 1 of 2 1953 Hot Shoppes, Inc., stock becomes public at $10.25 a share and sells out in two hours of trading. 1957 The Twin Bridges Motor Hotel in Arlington, Va. opens, the company’s first foray into lodging. 1969 Marriott offers travelers its first hotel outside the U.S. in Acapulco, Mexico, beginning its expansion globally. 1937 Sheraton Hotels is founded by Ernest Henderson and Robert Moore in Springfield, Mass. 1985 Sheraton debuts as the first international hotel brand in China with the opening of the Great Wall Sheraton Hotel Beijing. 1991 Barry Sternlicht begins Starwood Capital Partners, a Chicago real estate company, which has interests in more than 30 hotels in the first year. 1998 Starwood invents the lifestyle segment with the launch of W Hotels in New York City. 1972 J.W. Marriott, Jr., is named CEO of the company. 1983 With the first Courtyard hotel, Marriott launches its second lodging brand, pioneering a new segment for business travelers. 1987 Marriott announces the acquisition of Residence Inn, growing it into the leading extended-stay brand, while simultaneously launching Fairfield Inn. 1995 The iconic industry standard in luxury, The Ritz-Carlton Hotel Company, joins the Marriott portfolio. TOGETHER, WE’RE BETTER 2016: Marriott International acquires Starwood Hotels & Resorts creating the world’s largest hotel company with more than 5,700 properties and over 1.1 million rooms across 30 brands in more than 110 countries. 1984 Marriott breaks into the luxury segment with the opening of the JW Marriott hotel Washington, D.C. in honor of the company’s founder. 1970 - 1974 Sheraton arrives in Latin America and enjoys first-mover advantage with openings in Chile, Argentina, Peru and Brazil. 1998 Starwood acquires Westin Hotels & Resorts and ITT Sheraton Corporation and is renamed Starwood Hotels & Resorts. 1984 Revolutionizing guest loyalty, Marriott launches the precursor to its Marriott Rewards program which boasts 57 million members today.

Upload: others

Post on 27-Sep-2020

3 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: A SHARED HISTORY OF INNOVATION MARRIOTT …artutor.teiemt.gr/wp-content/uploads/2019/02/... · MARRIOTT INTERNATIONAL+STARWOOD HOTELS & RESORTS 1927 Founders J. Willard and Alice

A SHARED HISTORY OF INNOVATION MARRIOTT INTERNATIONAL+STARWOOD HOTELS & RESORTS

1927Founders J. Willard and Alice S. Marriott open an A&W root beer stand, later named The Hot Shoppe, in Washington, D.C.

1930Western Hotels, a chain of properties that becomes Westin Hotels & Resorts, is founded by Severt Thurston and Frank Dupar from Seattle, Wash.

Page 1 of 2

1953 Hot Shoppes, Inc., stock becomes public at $10.25 a share and sells

out in two hours of trading.

1957The Twin Bridges Motor Hotel in Arlington, Va. opens, the company’s first foray into lodging.

1969Marriott offers travelers its first hotel outside the U.S. in Acapulco, Mexico, beginning its expansion globally.

1937Sheraton Hotels is founded by Ernest Henderson and Robert Moore in Springfield, Mass.

1985 Sheraton debuts as the first international hotel brand in China

with the opening of the Great Wall Sheraton Hotel Beijing.

1991Barry Sternlicht begins Starwood Capital Partners,

a Chicago real estate company, which has interests in more than 30 hotels in the first year.

1998Starwood invents the lifestyle

segment with the launch of W Hotels in New York City.

1972J.W. Marriott, Jr., is named CEO of the company.

1983 With the first Courtyard hotel, Marriott launches its second lodging brand, pioneering a new segment for business travelers.

1987Marriott announces the acquisition of Residence Inn, growing it into the leading extended-stay brand, while simultaneously launching Fairfield Inn.

1995The iconic industry standard

in luxury, The Ritz-Carlton Hotel Company, joins the

Marriott portfolio.

TOGETHER, WE’RE BETTER 2016: Marriott International acquires Starwood Hotels & Resorts creating the world’s largest hotel company with more than 5,700 properties and over 1.1 million rooms across 30 brands in more than 110 countries.

1984 Marriott breaks into the

luxury segment with the opening of the JW Marriott

hotel Washington, D.C. in honor of the company’s

founder.

1970 - 1974 Sheraton arrives in Latin America and enjoys

first-mover advantage with openings in Chile, Argentina, Peru and Brazil.

1998Starwood acquires Westin Hotels & Resorts and ITT Sheraton Corporation and is renamed Starwood Hotels & Resorts.

1984 Revolutionizing guest loyalty, Marriott launches the precursor to its Marriott Rewards program which boasts 57 million members today.

Page 2: A SHARED HISTORY OF INNOVATION MARRIOTT …artutor.teiemt.gr/wp-content/uploads/2019/02/... · MARRIOTT INTERNATIONAL+STARWOOD HOTELS & RESORTS 1927 Founders J. Willard and Alice

A SHARED HISTORY OF INNOVATION MARRIOTT INTERNATIONAL+STARWOOD HOTELS & RESORTS

1999Westin pioneers the white-bed trend with the launch of the Westin Heavenly® Bed.

TOGETHER, WE’RE BETTER 2016: Marriott International acquires Starwood Hotels & Resorts creating the world’s largest hotel company with more than 5,700 properties and over 1.1 million rooms across 30 brands in more than 110 countries.

2005 Starwood significantly expands its global portfolio with the acquisition of Le Méridien, which is primarily located in Europe and the Middle East.

Page 2 of 2

2007-2009Marriott expands its luxury + lifestyle brand portfolio:• EDITION is launched in partnership with Ian Schrager (2007).• Marriott introduces the Autograph Collection (2009). 2012

Arne Sorenson becomes president and CEO, the company’s third CEO in 85 years and the first without the surname Marriott.

2007 Starwood reimagines the select-service category with the launch of Aloft Hotels and Element Hotels.

2009 W Hotels expands from a U.S.

phenomenon to a global design powerhouse with openings in Doha, Qatar;

Santiago, Chile; and Barcelona, Spain.

2010 Starwood celebrates the opening of its 1,000th hotel, the Sheraton Qiandao Lake Resort, located on the shores of China’s famed Qiandao Lake.

2011New York City becomes the first city in the world to fly all nine Starwood brand flags.

2014 Marriott debuts Moxy Hotels,

a new brand catering to millennials; Marriott enters Sub-Saharan Africa

with Protea Hotels acquisition.

2015 Marriott leads globally in giving

guests the choice to check in from their mobile phones.

2015Marriott acquires Delta Hotels & Resorts in Canada, the country’s

leading lodging brand.

2014 Starwood launches SPG Keyless, the industry’s first truly mobile and keyless entry system.

2015 Starwood launches Tribute Portfolio, the company’s 10th brand, allowing guests and owners to “stay independent” while enjoying the benefits of SPG.

2016 Starwood makes history as the first U.S.-based hospitality company to enter Cuba in nearly 60 years.

2016 Marriott is named to the FORTUNE “100 Best Companies to Work For®” list for the 19th consecutive year.*

1997 Marriott acquires Renaissance Hotels, doubling the company’s presence outside the U.S.

2012Marriott acquires leading meetings

and conventions brand Gaylord Hotels.

2011 AC Hotels by Marriott is

introduced in Europe.

*From FORTUNE Magazine, March 15, 2016 © Time Inc. FORTUNE and 100 Best Companies to Work For are registered trademarks and are used under License. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of, Marriott.

2014 Aloft Hotels introduces

A.L.O. as the hotel brand’s first Botlr, a robotic butler.

1999 The launch of Starwood Preferred Guest (SPG) makes headlines with its policy of no blackout dates and online redemption – all industry firsts.