University of Houston Digital Library: Annual Reports from the Hospitality Industry Archives: Marriott Corporation, 1984 Annual Report

0 items

Keyword

Search Mode Search Query in Search Field Search Operator

Collection

Search Collection

Date

Search Date Range Date Range 1 to Date Range 2

Marriott Corporation, 1984 Annual Report

Image 5

Image 1
Image 2
Image 3
Image 4
Image 5
Image 6
Image 7
Image 8
Image 9
Image 10
Image 11
Image 12
Image 13
Image 14
Image 15
Image 16
Image 17
Image 18
Image 19
Image 20
Image 21
Image 22
Image 23
Image 24
Image 25
Image 26
Image 27
Image 28
Image 29
Image 30
Image 31
Image 32
Image 33
Image 34
Image 35
Image 36
Image 37
Image 38
Image 39
Image 40
Image 41
Image 42
Image 43
Image 44
Image 45
Image 46
Image 47
Image 48

◀ Previous Item Next Item ▶

Citation

MLA

APA

Chicago/Turabian

Marriott International, Inc.. Marriott Corporation, 1984 Annual Report - Image 5. 1984. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. September 20, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/439/show/395.

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.

Email To: Send

Marriott International, Inc.. (1984). Marriott Corporation, 1984 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/439/show/395

Email To: Send

Marriott International, Inc., Marriott Corporation, 1984 Annual Report - Image 5, 1984, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed September 20, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/439/show/395.

Email To: Send

Cite Embed </> Print Item Save to Folder Request High-Resolution Image

▼

Compound Item Description

Title	Marriott Corporation, 1984 Annual Report
Creator (LCNAF)	Marriott International, Inc.
Publisher	Marriott International, Inc.
Date	1984
Description	Marriott Corporation Annual Report for calendar year 1984.
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_056_005.jpg
Transcript	Acquisitions also are playing a critical role in our international hotel strategy. We recently purchased highly regarded hotels in London and Paris. We plan to continue making selective acquisitions in closely related businesses where real economic value can be created for Marriott shareholders. Developing new hospitality or service-related businesses. Our internal business development efforts produced Courtyard, which will be a major contributor to Marriott's growth. In 1984, we decided to develop and manage three hfecare retirement communities. The first will open in 1987. We believe the market for this type of retirement facility is significant, growing rapidlyand not now being adequately served. FINANCING MARRIOTT'S GROWTH Hotel management agreements. Marriott remains a leader in creating innova- tive ways to finance hotel development. We develop and sell hotels, while maintain- ing long-term management agreements, typically 75 years in length. Today, nearly 85% of Marriott-operated hotel rooms are owned by others. This technique allows us to reduce capital commitments and generate high returns for our shareholders. During the past five years, nearly $3 billion of hotels have been financed under hotel management agreements, thus largely eliminating Marriott's financial commitment. In 1984, Marriott sold and financed nearly $1 billion of hotels in the following manner: □ Sold nine hotels to Chesapeake Hotel Limited Partnership, which was organized by Marriott. The limited partnership interests were syndicated to the public. □ Sold limited partnership interests in a hotel through the agency sales force of a major insurance company—a new approach that will be expanded in the future. □ Sold three hotels to major corporations which wanted to diversify their investment portfolios. □ Financed five hotels presendy under development which will be sold to investors upon completion. J. Willard Marriott and J. W Marriott, Jr. at the company's new flagship hotel in Washington, D.C.