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Marriott Corporation, 1981 Annual Report
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Marriott International, Inc.. Marriott Corporation, 1981 Annual Report - Image 5. 1981. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. October 29, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/1445/show/1405.

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.. (1981). Marriott Corporation, 1981 Annual Report - Image 5. 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/1445/show/1405

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, 1981 Annual Report - Image 5, 1981, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed October 29, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/1445/show/1405.

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, 1981 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
Publisher Marriott International, Inc.
Date 1981
Description Marriott Corporation Annual Report for calendar year 1981.
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 5
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_053_005.jpg
Transcript Early in 1982, we used our short-term investment capacity to acquire Host and Gino's. The company's balance sheet does not fully reflect the extent of its investment capacity. It does not show $421 million in value derived from existing hotel management agreements, nor does it indicate that most of our owned hotels, currently valued at $755 million, could be sold and converted to long-term management agreements. We continually evaluate alternative financing sources and new ways to improve capital productivity. One result of this process is a hotel equity syndication to be offered to the public this spring. Under this plan, 11 hotels costing $365 million have been debt financed by commercial banks and will be offered to investors in the form of limited partnership interests. A Marriott subsidiary will operate these hotels under a management agreement and Marriott, as general partner, will continue to realize substantial tax benefits from these properties. Outlook The economic problems we face in the coining year appear to be at least as formidable as those in the last. Despite these short-term challenges, we remain enthusiastic about the company's ability to build on its strengths for the long term. Marriott's future growth is built upon continuing emphasis on operating excellence, prudent asset management and a lasting commitment to quality and value. We believe our position in the market segments we serve will become even more attractive in the years ahead. We invite you to share a glimpse of these markets in the next few pages. Difficult years measure the strength of any company. We are especially proud of our people, and are grateful for their dedication and strong performance again in 1981. J. Willard Marriott Founder and Chairman of the Board @trdTt{. T. W. Marriott, Jr. President and Chief Executive Officer £&C4**&<!S J. Willard Marriott ]. W. Marriott, Jr. March 11,1982