Marriott International, Inc. is a renowned hospitality company that operates and franchises a vast portfolio of hotels and resorts worldwide. But have you ever wondered who actually owns Marriott? Let’s delve into the ownership structure of this hospitality giant.
Marriott International, Inc. was founded in 1927 by J. Willard Marriott and Alice Marriott. The company has its headquarters in Bethesda, Maryland, in the United States. However, Marriott is not a publicly-owned company in the traditional sense. It operates as a publicly traded corporation, with shares listed on the NASDAQ stock exchange.
The ownership of Marriott International is divided among institutional shareholders, insiders, and retail investors. As of the latest available data, 59.12% of the company is owned by institutional shareholders, which include various investment funds, pension funds, and other financial institutions. These institutional investors hold significant stakes in Marriott, reflecting their confidence in the company’s performance and growth potential.
Marriott International insiders, including executives and board members, own 124.24% of the company. This percentage may seem unusual, but it is because some insiders hold multiple types of shares, such as class A and class B shares. The ownership by insiders demonstrates their personal stake and involvement in the company’s success.
While institutional shareholders and insiders make up the majority of Marriott’s ownership, there are also retail investors who own a smaller portion of the company. These individual investors can include anyone who holds Marriott’s publicly traded shares, either directly or through investment vehicles such as mutual funds or exchange-traded funds (ETFs).
One notable individual shareholder is John W. Marriott III, a member of the Marriott founding family. He holds a significant stake in the company, owning 73.82 million shares, which represents approximately 23.32% of Marriott International. The Marriott family has a long history of involvement in the company, and their ownership reflects their ongoing commitment to its success.
It is important to note that Marriott International is a separate entity from other hospitality companies, such as Hilton Worldwide. Hilton and Marriott are two distinct companies that operate their own hotel portfolios and loyalty programs. While they may compete in the same industry, they have different ownership structures and operate independently from one another.
Marriott International, Inc. is owned by a combination of institutional shareholders, insiders, and retail investors. The majority of ownership lies with institutional shareholders, while insiders and individual shareholders also play a significant role. The Marriott founding family, represented by John W. Marriott III, holds a substantial stake in the company. Understanding the ownership structure of Marriott helps shed light on the company’s governance and the various stakeholders involved in its success.
What Company Owns The Marriott?
Marriott International, Inc., headquartered in Bethesda, Maryland, is the company that owns the Marriott brand. The company was founded by J. Willard Marriott and his wife, Alice Marriott. Marriott International operates and franchises a wide range of hotels and lodging facilities worldwide. It is a global leader in the hospitality industry, with a portfolio of well-known brands such as Marriott Hotels, Sheraton, Westin, and Ritz-Carlton, among others. The company’s commitment to exceptional service and quality has made it one of the most recognized and respected hotel chains globally. Marriott International’s new headquarters building is set to be completed in 2022 in Bethesda, Maryland.
Is Marriott Owned By Hilton?
Marriott is not owned by Hilton. Marriott International and Hilton Worldwide are two separate and independent companies in the hotel industry. While both companies are competitors and operate some of the largest hotel portfolios globally, they are not affiliated with each other. Marriott International encompasses a vast range of hotel brands, including Marriott Hotels, Sheraton, Westin, and Ritz-Carlton, among others. On the other hand, Hilton Worldwide owns brands such as Hilton Hotels & Resorts, Conrad Hotels & Resorts, and DoubleTree by Hilton. These companies have their own distinct identities, management teams, and loyalty programs. It’s important to note that Hilton and Marriott are competitors in the hotel industry, and their properties and services are not directly associated with each other.
Who Owns The Majority Of Marriott?
The majority ownership of Marriott International is held by institutional shareholders, insiders, and individuals. Institutional shareholders account for 59.12% of the ownership, while insiders, including executives and board members, hold 124.24% of the company’s shares. On the other hand, retail investors, which include individual investors, do not own any portion of the majority ownership.
One notable individual shareholder is John W. Marriott III, who owns a significant stake in the company. John W. Marriott III holds approximately 73.82 million shares, representing 23.32% of Marriott International. His ownership stake makes him the largest individual shareholder in the company.
The majority ownership of Marriott International is primarily held by institutional shareholders and insiders, with John W. Marriott III being the largest individual shareholder.
Is Marriott Owned By The Mormon Church?
Marriott is not owned by the Mormon Church. While Marriott’s founding family, the Marriotts, are known for their affiliation with the Mormon Church, the company itself is a publicly traded corporation and is not owned by any specific religious organization. The Marriott family has been active in the Mormon church, and the company has historically placed religious texts, such as the Bible and the Book of Mormon, in its hotel rooms. However, Marriott does not have any direct ownership or control by the Mormon Church.
While Marriott has a connection to the Mormon Church through its founding family and the presence of religious texts in its hotels, it is important to note that the company itself is separate and not owned by any religious organization.
Conclusion
Marriott International, Inc. is a prominent hotel company with its headquarters in Bethesda, Maryland. It was founded by J. Willard Marriott and Alice Marriott. While Hilton Worldwide and Marriott International are both major players in the hotel industry, they are separate entities and not part of the same company. Hilton operates its own portfolio of hotels and does not participate in the Marriott Bonvoy loyalty program.
Marriott International is primarily owned by institutional shareholders, with 59.12% of the company’s shares held by such investors. Insiders of Marriott International own 124.24% of the company’s shares, while retail investors hold 0.00%. The largest individual shareholder is John W. Marriott III, who owns 23.32% of the company through his ownership of 73.82 million shares.
It is important to note that although Marriott International is a well-known brand, it does not own the majority of the hotels that bear its name. Like many other major hotel chains, Marriott operates through a franchise model, where individual property owners operate their hotels under the Marriott brand and guidelines. This allows Marriott to expand its presence globally while focusing on its core competencies in hospitality management and customer experience.
Marriott International is a successful and influential player in the hotel industry, offering a wide range of hotel brands and accommodations to travelers worldwide.
