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

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Marriott Corporation, 1984 Annual Report

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Marriott International, Inc.. Marriott Corporation, 1984 Annual Report - Image 6. 1984. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. March 28, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/439/show/396.

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Marriott International, Inc.. (1984). Marriott Corporation, 1984 Annual Report - Image 6. 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/396

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Marriott International, Inc., Marriott Corporation, 1984 Annual Report - Image 6, 1984, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed March 28, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/439/show/396.

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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

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Item Description

Title	Image 6
Format (IMT)	image/jpeg
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. \WaW 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