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| Title | Marriott Corporation, 1984 Annual Report |
| Creator (LCNAF) |
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| Publisher | Marriott International, Inc. |
| Date | 1984 |
| Description | Marriott Corporation Annual Report for calendar year 1984. |
| Subject.Topical (LCSH) |
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| Subject.Name (LCNAF) |
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| Genre (AAT) |
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| Language | English |
| Type (DCMI) |
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| 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 |
| Title | Image 6 |
| Format (IMT) |
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| File Name | hiltonar_201609_056_006.jpg |
| Transcript | As a result of these types of transactions, all Marriott hotels now under construction are financed. Dispositions. Since 1983, Marriott has decided to dispose of its theme parks, dinner houses and Mexican restaurants for a total consideration of more than $310 million. All will be sold for amounts exceeding book value. We decided to sellthe two theme parks because of limited growth opportunities and dramatic appreciation in the value of land under one park. In restaurants, we are focusing our management efforts on the coffee shop and fast food segments, because they are more stable and present greater opportunities for chain leverage. TRADITIONAL VALUES Underlying our growth strategy is the continuing effort to reinforce Marriott's traditional values and strengths as our company grows larger and more complex. Our commitment is three-fold: Quality products, friendly and efficient service. Our reputation has been built on dedication to consistent product quality, with friendly and efficient service to millions of customers each day. We communicate our standards throughout the company so that our employees are well trained and motivated to deliver the performance consumers expect. Fair treatment. Because Marriott is a service company, our performance is unusually dependent upon people. We have always tried to treat employees with dignity and respect at every level of our organization. To attract and retain good people, we will continue to provide an atmosphere of fair treatment and dynamic growth. Hands-on management. Since its beginning, Marriott has been a company of operators and entrepreneurs. We believe it is critically important for management at every level to stay in direct touch with operations and customers. Our 1984 achievements and strong future prospects are made possible by the exceptional ability and dedication of our management and employees. We are proud of our people and are grateful for their outstanding contributions. \Wa*W forUs*^ ■ J. Willard Marriott Founder and Chairman of the Board f](A)'~Ma*^^-fi J.W. Marriott, Jr. President and Chief Executive Officer March 11,1985 |