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Home > Fortune 500 Companies > Marriott Intl
Marriott Intl
Marriott Intl was established in 1993 when Marriott Corporation split into two companies, the other company was named Host Marriott Corporation. It’s a publicly traded company having a good stock performances result. In 1995, the 49 percent interest in Ritz-Carlton, and in 1998, the company purchased an additional 50 percent interest in Ritz-Carlton, giving them 99 percent ownership. Marriott Intl is a Fortune 500 stock listed company.
It is a leading lodging company with over 2,700 lodging properties in the United States and 66 other countries and territories. The head quarter of the company is in Washington, D.C. and has around 143,000 employees. In fiscal year 2005, Marriott International reported sales from continuing operations of 11.6 billion dollars. They issued stock in 1953 at 10.25 dollars per share.
Existing shareholders can buy or sell stock through the company's direct stock purchase plan, which includes a dividend reinvestment program. Shareholders can contact EquiServe Trust Company for a dividend reinvestment program application. The company’s Revenues totaled 3.6 billion dollars in the 2005 fourth quarter, a 16 percent increase from the same period in 2004. In the prior year's quarter, Marriott documented 7 million dollars in incentive fees that were calculated based on prior period results.
Timeshare interval sales and services revenue increased 18 percent in the fourth quarter of 2005. Timeshare contract sales, including sales made by joint venture projects, increased 6 percent, reflecting strong sales at their timeshare resorts in St. Thomas, Las Vegas and Paris, as well as strong whole- ownership sales at their Grand Residences by Marriott in Panama City, Florida. Contract sales were lower at Ritz-Carlton Club resorts in St. Thomas and Bachelor Gulch, Colorado. These resorts continue to experience strong demand but offer limited inventory as they near surrender. Seven new resorts offering timeshare, fractional or whole ownership products are predicted to begin sales in 2006 including the Ritz-Carlton projects in San Francisco, Miami Beach, Kapalua and Kauai.
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Loading operating income for the fourth quarter of 2005 was 250 million dollars, increased by 146 million dollars a year ago. Marriott's 2005 fourth quarter lodging operating income benefited from strong fee growth as well as increased profits from owned and leased properties which company acquired in 2005. The 2004 quarter included a 13 million dollars charge associated with the Courtyard joint venture transaction.
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