Marriott International Appoints Anthony Capuano as New CEO And Stephanie Linnartz as President

Marriott International’s (NASDAQ: MAR) Board of Directors announced today that Anthony “Tony” Capuano has been appointed Chief Executive Officer and has joined the company’s Board of Directors, effective immediately. He was previously Group President, Global Development, Design and Operations Services. The Board of Directors also announced that Stephanie Linnartz, previously Group President, Consumer Operations, Technology and Emerging Businesses, has been appointed President, effective immediately. Mr. Capuano’s and Ms. Linnartz’s appointments follow the unexpected passing of Marriott President and CEO Arne Sorenson on February 15, 2021.

“Tony has played a critical role in Marriott’s growth over the last decade,” said J.W. “Bill” Marriott, Jr., Executive Chairman and Chairman of the Board, Marriott International. “He will be a terrific leader as we continue to advance our growth strategy while also navigating the market dynamics of the COVID-19 pandemic. He works thoughtfully and pragmatically with our owner and franchisee community and has been steadfast in ensuring Marriott delivers operational excellence and elevated customer experiences at our properties. Tony has a deep appreciation for Marriott’s thousands of associates who ultimately deliver on our customer and brand promise and I know he will be a superb steward of our culture. Together with Stephanie in the role of President, and the rest of our exceptional leadership team, Marriott could not be in better hands,” Mr. Marriott said.

Prior to this appointment, Mr. Capuano, 55, was Group President, Global Development, Design and Operations Services. In this role, he was responsible for leading global development and design efforts and overseeing the company’s Global Operations discipline. During Mr. Capuano’s tenure leading global development, the company grew its footprint from just over 3,200 properties in early 2009 to over 7,600 properties by year-end 2020. In addition, Mr. Capuano has overseen the tremendous growth and globalization of Marriott’s development pipeline to 498,000 rooms as of December 31, 2020, with more than half of the pipeline representing projects outside of the U.S. During the COVID-19 pandemic, Mr. Capuano has led Marriott’s work on its Commitment to Clean initiative, which was designed to enhance Marriott’s already substantial cleaning protocols to provide additional peace of mind for travelers.

Mr. Capuano began his Marriott career in 1995 as part of the Market Planning and Feasibility team. Between 1997 and 2005, he led Marriott’s full-service development efforts in the Western U.S. & Canada. From 2005 to 2008, Mr. Capuano served as Senior Vice President of full-service development for North America. In 2008, his responsibilities expanded to include all of U.S. & Canada and the Caribbean and Latin America, and he became Executive Vice President and Global Chief Development Officer in 2009. Mr. Capuano began his professional career in Laventhol and Horwath’s Boston-based Leisure Time Advisory Group. He then joined Kenneth Leventhal and Company’s hospitality consulting group in Los Angeles. Mr. Capuano earned his bachelor’s degree in Hotel Administration from Cornell University. He is an active member of the Cornell Hotel Society and a member of The Cornell School of Hotel Administration Dean’s Advisory Board. Mr. Capuano is also a member of the American Hotel and Lodging Association’s Industry Real Estate Financial Advisory Council.

As President, Ms. Linnartz will be responsible for developing and executing all aspects of the company’s global consumer strategy, including brand, marketing, sales, revenue management, customer engagement, digital, information technology, emerging businesses and loyalty strategies. In addition, Ms. Linnartz will oversee Marriott’s global development organization, which is responsible for the strategic growth of the company’s 30 lodging brands, as well as the global design and operations services functions. Ms. Linnartz will also spearhead the company’s progress on issues including the intersection of technology and hospitality, the continued growth of the Marriott Bonvoy loyalty platform, the excellence of our brand portfolio, and environmental sustainability.

“Stephanie has a leadership track record and clear vision for how our core lodging business, travel platform initiatives and loyalty strategies can work together to accelerate growth,” said Mr. Marriott. “Her deep experience across our business will enable her to work seamlessly with our owners and franchisees, innovate for our guests and customers, and champion new opportunities for our associates. Tony and Stephanie are exactly the CEO and President we need as we continue to push forward towards recovery and growth in the years ahead.”

“Every member of the leadership team feels a profound sense of loss at Arne’s passing. He was not just a friend and a leader for us, he was a guidepost for the hospitality industry,” said Ms. Linnartz. “The best way we can honor Arne’s memory is to continue to move the company forward. It is my privilege to take on the role of President and to work with Tony and the rest of the executive team to ensure a seamless transition and to successfully execute our strategy.”

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Marriott International RevPAR declined 64.1 percent worldwide

Fourth quarter 2020 comparable systemwide constant dollar RevPAR declined 64.1 percent worldwide, 64.6 percent in the U.S. & Canada, and 62.7 percent in international markets, compared to the 2019 fourth quarter;

• Fourth quarter reported diluted loss per share totaled $0.50, compared to reported diluted EPS of $0.85 in the year-ago quarter. Fourth quarter adjusted diluted EPS totaled $0.12, compared to fourth quarter 2019 adjusted diluted EPS of $1.51;

• Fourth quarter reported net loss totaled $164 million, compared to reported net income of $279 million in the year-ago quarter. Fourth quarter adjusted net income totaled $39 million, compared to fourth quarter 2019 adjusted net income of $498 million;

• Adjusted EBITDA totaled $317 million in the 2020 fourth quarter, compared to fourth quarter 2019 adjusted EBITDA of $901 million;

• The company added nearly 63,000 rooms globally during 2020, including more than 28,000 rooms in international markets and a total of roughly 8,100 conversion rooms. Net rooms grew 3.1 percent from year-end 2019;

• At year end, Marriott’s worldwide development pipeline totaled nearly 2,900 properties and more than 498,000 rooms, including roughly 20,000 rooms approved, but not yet subject to signed contracts. Over 229,000 rooms in the pipeline were under construction as of the end of 2020;

• As of year-end 2020, the company’s net liquidity totaled approximately $4.4 billion, representing roughly $0.8 billion in available cash balances and $3.6 billion of unused borrowing capacity under its revolving credit facility.

Aloft Tulum Debuts in Mexico’s Bohemian Paradise

Aloft Tulum, a brand-new, boho-chic inspired hotel managed by Highgate Hotels, opened last week near Tulum’s desirable downtown district and its white-sand beaches. The four-floor property features 140 loft-like guest rooms and suites and a variety of vibrant spaces for socialization and music, including: signature Ático Rooftop Lounge & Bar with an infinity pool, teepees for kids, and the destination’s only venue for corporate meetings and events. Aloft Tulum is part of Marriott Bonvoy’s portfolio of brands, and its first property to debut in Tulum, Quintana Roo.

“After much anticipation, we are thrilled to welcome visitors to Aloft Tulum,” said the hotel’s General Manager Sergio Parra. “It is the ideal choice for travelers who are in search of a boutique-like hotel with bold design at an approachable price point.”

Aloft Tulum is as impressive as it is expressive. Next-gen travelers enter the hotel’s lobby to be greeted by urban art that changes seasonally, modern furniture and floor-to-ceiling windows. While guest rooms boast 10-foot-high ceilings, plush platform beds and light airy décor infused with natural textiles to deliver the ultimate comfort. Each room includes complimentary high-speed Wi-Fi, 55-inch LCD televisions, free signature coffee, Aloft custom toiletries from Bliss® Spa and walk-in showers with rainfall showerheads.

For mingling, Aloft Tulum offers several design-forward spaces including its Ático Rooftop Bar & Lounge. At this hangout spot, guests can take a dip in the infinity pool, experience local cuisine and sip on seasonal cocktails – all while marveling at unrivaled views of Tulum. Additionally, the urban hotel is home to a Re: fuel by Aloft, filled with fresh grab-and-go options; Re:mix lounge, the perfect place to mix, mingle and play a game of pool; and the W XYZ® bar, where guests and locals alike can enjoy live music programming.

Double guest rooms currently start at $150 per night. Aloft Tulum has two welcome offers: Guests will automatically receive a savings of 20% on the hotel’s best available rate and Marriott Bonvoy members staying three or more nights will be awarded 3,000 points. Both offers are valid on bookings made before April 30, 2021 for travel through June 30, 2021. To book, visit www.marriott.com/hotels/travel/tuyal-aloft-tulum

Marriott International launched an Limited Time Offer

Marriott International has announced the launch of a Limited Time offer, curated specially for their hotels across South Asia. Whether booking for leisure or business, guests can avail their stays from 3rd January to 31st March 2021. Making the deal all the more sweeter, as guests can avail a super saver discount of 21% for stays from now on till 31 st March 2021.

Guests can opt for any of the following offerings at the hotels in Eastern India (JW Marriott Kolkata – 21%, Courtyard by Marriott, Siliguri – 21% & Fairfield by Marriott Kolkata – 21%), coupled with the flexibility to modify their reservation at any point in time with no cancellation fee. Spend your time in luxury whether you are on a business or for a leisure trip, with Marriott you will find safe environs, first-class amenities & distinctive service.

Guests can avail of the offer from 1, January to 31, January 2021. In recognition of the current scenario, guests can request contact-less room check-in along with the convenience of paying digitally. Marriott International believes foremost in the health and safety of every guest and has in place enhanced hygiene & sanitization practices across all their hotels.

Brand Marriott| Marriott International Continues Asia Pacific Growth With Nearly 100 Properties Expected to Open in 2021

75 Properties Opened Across Asia Pacific in 2020

Marriott International, Inc. (Nasdaq: MAR) continues to expand its portfolio, expecting to open 100 properties in Asia Pacific in 2021, bringing more brands and experiences to new destinations for guests across the region. In 2020, the company celebrated its 800th milestone hotel opening in the region with 75 properties added to its portfolio during the year, representing more than one opening per week across the region. Nearly 27,000 rooms were added to the region’s development pipeline in 2020 alone, in addition to the signing of Marriott’s largest branded residences project with close to 4,200 units.

“I am proud of the way we have continued to grow and have moved quickly to adapt to the challenges that arose from the pandemic. With the launch of new global industry hygiene standards in April 2020, innovative offerings such as work anywhere package and hyper-localized marketing and sales strategies, our nimble and forward-thinking approach will continue to lead us through the recovery,” said Craig S. Smith, Group President, International, Marriott International. “We are grateful for the continued resilience and positivity demonstrated by our associates and for the confidence, our guests, owners and franchisees continue to have in us. We remain well-positioned to meet the travel demands of our guests across Asia Pacific and the rest of the world.”

Greater China has led the global recovery to date, and the company expects to soon celebrate its 400th hotel in Greater China and its 50th hotel in Shanghai with the opening of JW Marriott Shanghai Fengxian in spring 2021. With this hotel opening, Shanghai has the distinction of reaching this important milestone for the company in Asia Pacific.

According to a joint report by consultancy Bain & Co. and Alibaba’s Tmall Luxury unit, Mainland China is on track to become the world’s largest personal luxury market by 2025 even seeing year-over-year domestic growth in 2020 despite the pandemic. To leverage this trend, Marriott International continues to strengthen its luxury portfolio with expected openings in 2021 such as W Changsha, W Xiamen, St. Regis Qingdao & The Ritz-Carlton Reserve Jiuzhaigou. With the anticipated opening of the Ritz-Carlton Reserve, China will be the first country in the Asia Pacific to house all of Marriott International’s luxury hallmarks.

Marriott’s leisure bookings in China have been particularly strong, up over 25 percent year over year in the third quarter in Mainland China, demonstrating the resiliency of demand once consumers are comfortable that the virus is under control and restrictions can safely be lifted. The company is introducing more travel experiences across its brand portfolio, including at popular leisure destinations such as Mianyang in the Sichuan province with the expected opening of Sheraton Mianyang, as well in the culturally-rich destination of Nanjing with the anticipated opening of The Westin Nanjing Resort & Spa.

Beyond Greater China, Marriott International continues to strengthen its footprint, with several expected brand debuts across Asia Pacific in 2021. In Japan, W Hotels is expected to debut with the opening of W Osaka, while The Luxury Collection is also slated to debut in Australia with the opening of The Tasman in Hobart. The iconic Ritz-Carlton brand is expected to celebrate its debut in the leading resort destination of Maldives in early summer, bringing legendary service to the picture-perfect archipelago.

Further expanding Marriott’s presence in breathtaking resort destinations, the JW Marriott brand is slated to bring its warm luxury experience to Jeju Island in South Korea with the planned opening of JW Marriott Jeju in late 2021. The company’s signature wellness brand, Westin, is also highly anticipated to debut in one of India’s top beach destinations, Goa, this summer.

To support domestic travel in Japan, the company plans to open six additional Fairfield by Marriott hotels throughout 2021 along ‘Michi-no-Eki’ roadside stations aimed at revitalizing the country’s local sightseeing spots. Japan expects to have more than 30 Fairfield by Marriott hotels by the end of 2023. Touted as one of the best cities in the world for art, culture, music and food, Australia’s Melbourne is expected to see the opening of the country’s second W Hotel with W Melbourne in spring and the opening of Melbourne Marriott Hotel Docklands in early 2021.

“The strength of our pipeline is testament to the long-term growth prospects in Asia Pacific,” said Paul Foskey, Chief Development Officer, Asia Pacific, Marriott International. “Despite a challenging environment in 2020, we are pleased with the signings we have achieved across the region during the year. We have full gratitude to our owners and franchisees for their belief in the resiliency of travel and the strength of Marriott’s portfolio of brands.”

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Marriott International launched an Limited Time Offer

Marriott International has announced the launch of a Limited Time offer, curated specially for their hotels across South Asia. Whether booking for leisure or business, guests can avail their stays from 3rd January to 31st March 2021. Making the deal all the more sweeter, as guests can avail a super saver discount of 21% for stays from now on till 31 st March 2021.

Guests can opt for any of the following offerings at the hotels in Eastern India (JW Marriott Kolkata – 21%, Courtyard by Marriott, Siliguri – 21% & Fairfield by Marriott Kolkata – 21%), coupled with the flexibility to modify their reservation at any point in time with no cancellation fee. Spend your time in luxury whether you are on a business or for a leisure trip, with Marriott you will find safe environs, first-class amenities and distinctive service.

Marriott International Announces Covid-19 Testing Availability and Optional Health Protocols for Groups In Expansion of Connect with Confidence Initiative

Gaylord Hotels will be the first Marriott brand to offer new health protocols in January 2021

As part of ongoing steps to help instill confidence and provide exceptional experiences and solutions for meeting professionals and attendees, Marriott International has identified health protocol options, including COVID-19 testing, which meeting professionals may select for group meetings at certain Marriott branded hotels in the United States beginning in January 2021. These optional health protocols build upon initiatives already in place as part of the recent launch of Connect with Confidence, a program empowering meeting professionals to identify and tailor solutions that best meet the needs of their attendees.

Meeting professionals may select optional health protocols for meetings and events at Gaylord Hotels and Resorts in Florida, Tennessee, Texas, and Colorado as soon as January 2021. In the weeks that follow, the health protocols are expected to be available for selection at certain other Marriott branded hotels throughout the United States.

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Marriott International Provides Updates on Sustainability and Social Impact Progress

Marriott International, Inc. (Nasdaq: MAR) ("Marriott") today released its 2020 Serve 360 Report presenting data from 2019, including progress toward the company's 2025 Sustainability and Social Impact Goals. The Report can be accessed here.

In support of the United Nations Sustainable Development Goals (SDGs), Marriott's sustainability and social impact platform, Serve 360: Doing Good in Every Direction, guides the company's commitment to make a positive and sustainable impact wherever it does business, delivering value for associates, customers, owners, the environment, and communities around the world.

In addition to showcasing data on company diversity, environmental footprint, volunteerism, and other environmental, social, and governance (ESG) activities, 2019 highlights include:

Trained more than 725,000 associates in human trafficking awareness since 2016, in pursuit of the company's goal to train 100% of on-property associates by 2025

Achieved goal of spending $500 million at managed hotels and above-property with women-owned businesses one year ahead of schedule

Launched efforts to replace single-use toiletry bottles in guestroom showers with larger, pump-topped bottles - when implemented across the globe in the future, expected to prevent about 500 million tiny bottles from going to landfills annually - in support of Marriott's goal to reduce waste by 45% by 2025

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Marriott International Provides Updates on Sustainability and Social Impact Progress

Marriott International, Inc. (Nasdaq: MAR) ("Marriott") today released its 2020 Serve 360 Report presenting data from 2019, including progress toward the company's 2025 Sustainability and Social Impact Goals. The Report can be accessed here.

In support of the United Nations Sustainable Development Goals (SDGs), Marriott's sustainability and social impact platform, Serve 360: Doing Good in Every Direction, guides the company's commitment to make a positive and sustainable impact wherever it does business, delivering value for associates, customers, owners, the environment, and communities around the world.

In addition to showcasing data on company diversity, environmental footprint, volunteerism, and other environmental, social, and governance (ESG) activities, 2019 highlights include:

• Trained more than 725,000 associates in human trafficking awareness since 2016, in pursuit of the company's goal to train 100% of on-property associates by 2025

• Achieved goal of spending $500 million at managed hotels and above-property with women-owned businesses one year ahead of schedule

• Launched efforts to replace single-use toiletry bottles in guestroom showers with larger, pump-topped bottles - when implemented across the globe in the future, expected to prevent about 500 million tiny bottles from going to landfills annually - in support of Marriott's goal to reduce waste by 45% by 2025

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Marriott International Named One of the Top 10 Companies for Executive Women

Marriott International’s founders, J.W. and Alice S. Marriott, were partners in every sense, with Alice Marriott being a force behind every major decision and a “woman of firsts,” as the company’s first woman vice president and board director. She set a high standard for the role women would play in company leadership. “As a leader, I am proud of our long-standing commitment to carry on that legacy by building a workplace with opportunity, community and purpose where women hold many of the most senior and influential roles in our company,” said David Rodriguez, executive vice president and chief human resources officer.

As a leader in diversity, equity and inclusion, Marriott has firmly established its commitment to women’s advancement:

• Nearly two decades ago, Marriott established a board of directors’ committee focused on accountability and advancing inclusive opportunities for women, people of color and other stakeholders. The committee is chaired by Debra Lee, Marriott board of directors’ member and former CEO BET Networks and comprised of other board members and Marriott senior executives.

• Marriott’s Women’s Leadership Development Initiative, established over 20 years ago, focuses on increasing the presence of women at the highest level of management and in other decision-making positions. Core components of the initiative include leadership development, networking and mentoring, and responsive workplace policies that promote work-life integration.

• The Emerging Leader Program is Marriott’s 12-month program launched in 2014 to ensure the development of high-performing front-line leaders, senior leaders and other managers who demonstrate the ability to excel to higher levels. The program has been instrumental in increasing the number of women and people of color in leadership roles with 100 percent of program participants promoted or selected for strategic developmental roles.

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Marriott International Signs Agreement With Magellan Development Group To Debut The St. Regis Brand At Chicago's Iconic Vista Tower

Marriott International, Inc. (NASDAQ: MAR) today announced it has signed an agreement with Magellan Development Group to introduce its iconic St. Regis Hotels & Resorts brand to Chicago. The project is anticipated to include 191 hotel rooms – including 33 spacious suites – and 393 branded residences within the 101-story building. Previously under construction as the luxury Wanda Vista Hotel and Vista Tower, the property is being rebranded as the St. Regis Chicago and the Residences at the St. Regis Chicago. Expected to welcome its first residents in December 2020 and hotel guests by July 2021, the project will serve as a key property in the neighborhood given its unique architecture and ultra-luxury experience.

“The St. Regis Chicago will mark the start of an exciting new era by bringing an unsurpassed luxury lifestyle to one of the city’s most desirable neighborhoods, Lakeshore East,” said Timothy Grisius, Global Real Estate Officer, Marriott International. “We are pleased Magellan Development Group has chosen to introduce the St. Regis brand to this vibrant community in the heart of Chicago.”

Located downtown, The St. Regis Chicago will span a total of three towers within the sought-after Lakeshore East community. The vibrant area includes a mix of residential and corporate properties, all centrally anchored by a public park. The project offers expansive views and exposures overlooking over the Chicago River to the north, Lake Michigan to the east, Millennial and Grant Parks to the south and the Loop skyline to the west.

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Marriott International Signs Agreement With Asset World Corporation To Bring Four World-Class Hotels To Thailand

Project expected to add 1,638 rooms under three global brands in Bangkok and Pattaya by 2027

Marriott International, Inc. (NASDAQ: MAR) today announced it has signed a milestone agreement with Asset World Corp Plc. (SET: AWC) to add four new landmark properties under three world-class brands across Bangkok and Pattaya, Thailand. The multi-property agreement features a Ritz-Carlton Reserve, Thailand’s first JW Marriott Marquis hotel in Bangkok and two Autograph Collection hotels, set to debut the Autograph Collection brand in the country.

“We are pleased to strengthen our longstanding relationship with Asset World Corporation in this landmark signing,” said Craig S. Smith, Group President, Asia Pacific, Marriott International. “This agreement is a testament to the confidence owners and franchisees such as AWC have in Marriott International. We are excited to play a role in AWC’s vision of expanding its diverse portfolio of hospitality and lifestyle projects in Thailand.”

Ritz-Carlton Reserve, Bangkok at Asiatique the Riverfront
Targeted to open by 2027 in Bangkok’s newly revamped Asiatique The Riverfront, the Ritz-Carlton Reserve, Bangkok is expected to serve as a private, ultra-luxury boutique urban resort set on the scenic curve of the Chao Phraya River. With 124 meticulously designed guest rooms, the urban sanctuary will showcase the rich culture, history and heritage of Bangkok’s 19th Century maritime trade.

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Marriott to become sole owner of luxurious boutique hotel company

Marriott International has made a formal request to acquire 100 percent ownership of boutique hotel company Design Hotels. Starwood Hotels snapped up a 72 percent stake in Design Hotels in 2011 and once Starwood was acquired by Marriott in 2016, that stake moved over to the Marriott also. Since then, Marriott has gained 95 percent ownership of Design Hotels and is now planning to acquire the remaining five percent. According to various news sources, Marriott hopes for the deal to conclude within three months from now, making a cash offer to the existing shareholders of Design Hotels.
  
A spokesperson for Marriott International explained, “Marriott now has 95 per cent ownership of Design Hotels shares, and German law permits a company owning 90 per cent or more to initiate a process to obtain the remaining shares. ”Design Hotels said the move would not change how the company does business. A spokesperson said, “As the merger squeeze-out is a corporate organisational development and we do not plan changes to the way we operate the business, there is no impact to the senior leadership team.”

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Marriott Hotels Brand Portfolio Continues Strong Growth In Southeast China With Opening Of Fuzhou Marriott Hotel Riverside

New hotel will create an inspiring space at the heart of Fuzhou's futuristic technology hub, with design narrative influenced by the city’s ancient elements

Marriott International Inc. today announced the opening of Fuzhou Marriott Hotel Riverside in the capital city of Fujian province, China. The new hotel is strategically located in a prime location in the heart of Donghu Digital Town in Changle district, Fuzhou's ultramodern innovation, business and lifestyle hub. Fuzhou Marriott Hotel Riverside is set to bring sophisticated, intuitively-designed spaces for guests to work, relax and find inspiration during their stay in Fuzhou.

"We are very excited to open Fuzhou Marriott Hotel Riverside, and celebrate the 3rd Marriott brand hotel here in Fujian province," said Henry Lee, President, Greater China, Marriott International. "Fujian province is fast becoming a destination with immense economic, social and cultural significance, both domestically and globally. We are very pleased to see the robust growth of our signature brand here, as we expand our portfolio to serve the needs of our guests when they travel to this region."

Service Properties Trust Terminates Agreements with Marriott for 122 Hotels

Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it has terminated the management agreements for 122 hotels with Marriott International, Inc. (NYSE: MAR), or MAR. As previously announced, SVC sent a letter requesting MAR advance $11.0 million to cover the cumulative shortfall between the payments SVC had received to date and 80% of the cumulative priority returns due to SVC for the eight months ended August 2020. MAR had until October 5, 2020 to avoid termination by making payment to SVC. SVC did not receive any payment from MAR, and based on discussions with MAR, SVC does not expect MAR to pay the cumulative shortfall for the balance of 2020. Accordingly, on October 6, 2020, SVC sent MAR a letter exercising its termination right. The effective date of the termination is January 31, 2021 and SVC currently plans to transfer the branding and management of 98 of these hotels to Sonesta.

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Marriott International Announces the Opening of Buenos Aires Marriott Hotel

Marriott International announced today the long-awaited opening of the Buenos Aires Marriott Hotel. Previously operating as the Hotel Panamericano Buenos Aires, the property underwent an extensive conversion to meet Marriott's elevated quality standards. Located in the heart of the city, with convenient access to must-see attractions such as the Teatro Colón, the Obelisk and the Palace of Justice, the hotel is well positioned to become a favorite among business and leisure travelers visiting this South American destination.

"We are thrilled to work with Gotel Hotel Management and bring the Marriott Hotels brand back to Argentina after so many years," said Laurent de Kousemaeker, Marriott International Chief Development Officer, Caribbean and Latin America. "This opening marks the beginning of a new stage for Marriott International in this coveted destination where the European style is deeply intertwined with the Latin American culture."

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Marriott International Appoints Felitia Lee Controller and Chief Accounting Office

Marriott International, Inc. (Nasdaq: MAR) today announced the appointment of Felitia Lee as Controller and Chief Accounting Officer, effective August 28, 2020. Ms. Lee will be the Company’s principal accounting officer and report to Leeny Oberg, Executive Vice President and Chief Financial Officer. Ms. Lee succeeds Bao Giang Val Bauduin, who is taking on the role of Chief Financial Officer for Consumer Operations, Technology and Emerging Businesses for the company. Ms. Lee joined Marriott in May 2020 supporting management of the company’s accounting operations.

“Felitia brings a strong track record of leading large organizations through change and delivering results,” said Leeny Oberg, Executive Vice President and Chief Financial Officer at Marriott International. “Felitia has significant financial experience in controllership, audit, shared services and acquisitions and integrations. I look forward to her and Val playing pivotal roles in leading Marriott into the future.”

Prior to Marriott, Ms. Lee served as Senior Vice President and Controller for Kohl’s Corporation where she led financial reporting, Sarbanes-Oxley processes, capital management, tax planning and compliance.

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71-room Fairfield by Marriott Hotel opens in Whitewater

The Fairfield by Marriott Hotel Inn & Suites in Whitewater is now open. The Fairfield at 1242 W. Main St. operates as a Marriott franchise. The project was first announced in August 2018.

The new hotel features 71 rooms and additional amenities including an indoor swimming pool, fitness center, valet laundry services, and complimentary hot breakfast.

For More Information Click Below :

www.bizjournals.com/milwaukee/news/2020/06/30/new-hotel-comes-to-whitewater.html

Marriott to expand, continue food delivery biz even after COVID-19

Leading hotel chain Marriott International, which has seen its business plunge over 90 percent across its 123 properties since the lockdown, will expand and continue it’s delivery and takeaway business even after the pandemic-induced lockdown and social distancing end, as it does not see normalcy turtling back anytime soon.

As the lockdown was extended four times, the hotel explored newer options and landed upon the idea of home delivery of food under a new vertical ''Marriott on Wheels'' and soon it roped in food delivery chains Zomato and Swiggy and is keen to continue and expand this model in the long term.

On May 13, Marriott, in a novel initiative, tied up with food delivery firm Swiggy as part of expanding the Marriott on Wheels delivery service, offering over 20 hotels.

For More Information Click Below :

www.outlookindia.com/newsscroll/marriott-to-expand-continue-food-delivery-biz-even-after-covid19/1879808

Tsogo Sun takes over 3 hotels as Marriott withdraws due to Lockdown

Tsogo Sun Hotels announced that they would be taking over three hotels from which hotel group Marriott International decided to withdraw. Marriott International closed three hotels and would be removing them from the Marriott system due to the impact of Covid-19.

The hotels are the Mount Grace in Magaliesburg, the Edward in Durban, and the Protea Hotel Hazyview in Mpumalanga.

For More Details Click Below :

www-news24-com.cdn.ampproject.org/c/s/www.news24.com/amp/fin24/companies/travelandleisure/tsogo-sun-takes-over-3-hotels-as-marriott-withdraws-due-to-lockdown-20200623