Fortune Names Marriott as ôMost Admired Companyö in the Lodging Industry
FORTUNE NAMES MARRIOTT AS “MOST ADMIRED COMPANY” IN THE LODGING INDUSTRY
WASHINGTON – Feb. 17, 2000 – Marriott International, Inc. (MAR / NYSE) has been named 1999’s “Most Admired Company” in the lodging industry by Fortune magazine.
Last year, Fortune also recognized Marriott International as one of the “100 Best Companies to Work For,” and named the company as one of the "50 Best Companies for Asians, Blacks and Hispanics.”
Arne Sorenson, Marriott International’s chief financial officer, said, “We are very pleased to be named to Fortune’s list. Our goal is to deliver premium value to our customers, shareholders, and business partners, serve our communities, and provide rewarding career opportunities for our associates.”
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MARRIOTT INTERNATIONAL, INC. (NYSE:MAR) is a leading worldwide hospitality company with over 2,000 operating units in the United States and 58 other countries and territories. Marriott Lodging operates and franchises hotels under the Marriott, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops and operates vacation ownership resorts under the Marriott, Ritz-Carlton and Horizons brands; operates Marriott Executive Apartments; provides furnished corporate housing through its ExecuStay by Marriott division; and operates conference centers. Other Marriott businesses include senior living communities and services, wholesale food distribution, procurement services, and The Ritz-Carlton Hotel Company LLC. The company is headquartered in Washington, D.C., and has approximately 151,000 employees. In fiscal year 1999, Marriott International reported systemwide sales of $17.7 billion. For more information or reservations, please visit us at www.marriott.com.