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Marriott Corporation, 1972 Annual Report
Image 22
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Marriott International, Inc.. Marriott Corporation, 1972 Annual Report - Image 22. 1972. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. August 4, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/1171/show/1156.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marriott International, Inc.. (1972). Marriott Corporation, 1972 Annual Report - Image 22. Annual Reports from the Hospitality Industry Archives. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. Retrieved from https://digital.lib.uh.edu/collection/hiltonar/item/1171/show/1156

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marriott International, Inc., Marriott Corporation, 1972 Annual Report - Image 22, 1972, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed August 4, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/1171/show/1156.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Compound Item Description
Title Marriott Corporation, 1972 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
Publisher Marriott International, Inc.
Date 1972
Description Marriott Corporation Annual Report for the 52 weeks ending on July 28, 1972.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Marriott International, Inc.
Genre (AAT)
  • annual reports
  • business records
Language English
Type (DCMI)
  • Text
  • Image
Original Item Location Marriott Hotels Collection
Digital Collection Annual Reports from the Hospitality Industry Archives
Digital Collection URL http://digital.lib.uh.edu/collection/hiltonar
Repository Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston
Repository URL http://www.uh.edu/hilton-college/About/hospitality-industry-archives
Use and Reproduction No Copyright - United States
File Name index.cpd
Item Description
Title Image 22
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_043_022.jpg
Transcript Marriott's Camelback Inn at Scottsdale, Arizona, where widely-acclaimed accomodations, swimming and golf, sun and fun make it Southwest's most famous resort, has record fiscal 1972—and now converting to a resort hotel condominium they have a capacity of 550 passengers. A third ship, the new, luxurious Stella Solaris, will begin cruising in the spring of 1973 and will have a capacity of 750. We own the first two ships, and have a 45 percent interest in the third. Would you explain your Camelback Inn condominium plans? We are in the process of converting the Camelback Inn, our luxury resort hotel at Scottsdale, Arizona, to a resort condominium. As a condominium, the hotel rooms and suites of the Inn would be owned by individual purchasers who would be entitled to use them for 28 days each year. When not owner-occupied, these hotel units would be rented by Marriott Hotels to the general public on behalf of the owners. Marriott Hotels will be responsible under a long term agreement for renting the units and for managing the Inn's operations. Are you considering other condominium projects? We are obviously diversifying into new leisure time activities. In this connection, we are considering Adtf establishing resort condominiums mm in other parts of the world. mm There were strengths and weaknesses in fiscal 1972. How did it all turn out? About the same as the year be III Pili fore. We are not satisfied with the H?^^pfp. result, but we did have some ex i£ traordinary hurdles. It is expensive to properly open three major hotels and a large specialty restaurant. We faced delayed increases in w>- room rates, and we had some chal lenges in dealing with our diversi fication projects. How do you look at fiscal 1973? Very optimistically. Business and pleasure travel is on the rise, we will get the full effects of our new rooms and rates, and our new leisure activities should improve nII/ Jyfciiy ra '^s? luff 3fs?**Br*sfi8 considerably. It looks like a strong liiiu'.'LLiMiiiiifc'' ~ *^z& _ -__»_»._—. f j-^—, " ! - ■_] 20 year for us. ^^^mS fL$W ^^SK^^^f^sm