BETHESDA, Md. and LOS ANGELES, Jan. 25, 2016 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) today announced "Managed by Marriott" (MxM), the new name and branded approach for Marriott's premier hotel management organization, which provides a complete hotel operating solution for owners of Marriott's 19 lodging brands. Building on a rich history in the hospitality industry, Marriott provides unparalleled management expertise and systems to more than 1,000 hotels globally.
"Managed by Marriott works in partnership with owners to help meet their business goals, using the expertise and resources we've developed as a world-class hotel management company," says Dave Grissen, Group President, Marriott International. "Our management organization has a new name, but our primary mission remains the same – to continue to maximize financial performance for our owners."
Managed by Marriott is North America's largest hotel management organization, operating nearly 700 hotels in the U.S. and Canada. The organization has one specific goal – maximizing the financial performance of their owner's hotel and does this through three guiding principles: Performance, which captures excellence in sales, distribution and operations; People, who represent the unparalleled depth and breadth of MxM's talent; and Partnership, which expresses a relationship-focused approach to doing business.
MxM delivers superior performance as a result of their world-class sales organization, disciplined approach to lowering costs, innovative strategies to improve profitability, and competitive fee structure. In turn, 3 out of 4 owners recently said they would consider Marriott to operate their next hotel (2015 owner survey).
"Our long-standing relationship with Managed by Marriott is built on a common goal to maximize the value of our Marriott branded assets. MxM has the talent, depth of resources, and culture that helps unlock value," says Minaz Abji, EVP Asset Management, Host Hotels and Resorts. "They continue to innovate and focus on driving the best possible NOI for our hotels."
"We continue to choose Managed by Marriott to operate our hotels because of their focus on delivering premium results," says Robert Olson, President and CEO, R.D. Olson Development. "They have also shown flexibility in how they approach our hotels to make sure it's not just a one-sized-fits-all approach, and that works for us."
For additional information or to speak with a representative about development opportunities in connection with Managed by Marriott, please call 301.380.3200 or visit managedbymarriott.com.
About Marriott International, Inc.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda, Maryland, USA, with more than 4,300 properties in 85 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 54 million members. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.
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SOURCE Marriott International, Inc.