Title | Marriott Corporation, 1978 Annual Report |
Creator (LCNAF) |
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Publisher | Marriott International, Inc. |
Date | 1978 |
Description | Marriott Corporation Annual Report for the year ending on July 31, 1978. |
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 10 |
Format (IMT) |
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File Name | hiltonar_201609_049_010.jpg |
Transcript | Marina del Rey, California; and the 1,214-room Chicago Marriott on North Michigan Avenue. The Chicago Marriott is the company's largest property—as well as the largest hotel to open in the United States in 1978. The hotel opened to a full house in May, and already is matching the occupancy rate of established competitors in the city. At fiscal year-end, 57% of the company's 17,000 rooms were operated by Marriott for other owners. This is after the completion of the sale of five properties to a major insurance company. These five hotels continue with the Marriott name, Marriott management and Marriott standards—and will provide good fees in the future. They are in Los Angeles, Philadelphia, St. Louis, Dallas (Stemmons Freeway) and Washington, D.C. (Twin Bridges). Expansion at Record Pace ressive expansion is ahead for the Hotels Group. Profits should grow 15% annually over the next five years on the basis of new rooms alone. By the end of 1979, 3,200 more company- operated rooms will be added to the system. The existing New Orleans Marriott will be expanded by 430 rooms, making it the company's |