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On February 18, 1997, Marriott International bought the Renaissance Hotel Group N.V. for US$1 billion from NWD. The deal dramatically expanded Marriott's presence in fast-growing Asian markets. [8] The Marriott announcement came only a few weeks after Renaissance Hotel Group N.V., tentatively agreed to be sold to rapidly expanding Doubletree Corp.
Marriott International's headquarters in Bethesda, Maryland. Marriott International is the largest hotel company in the world by the number of available rooms. It has 36 brands with 8,785 properties containing 1,597,380 rooms in 141 countries and territories. [1]
Ramada Renaissance was the upscale division of Ramada Inns. The hotel was sold to Oakland developer Larry Chan's Park Lane Hotels in 1989 and renamed the Parc Fifty Five Hotel. On April 30, 1998, the hotel was reflagged as Renaissance Parc 55 Hotel. Renaissance Hotels had separated from Ramada in 1989 and been purchased by Marriott in 1997.
By 1999, there were over 360 Marriott Hotels & Resorts in 47 countries, and in November 2010, Marriott Hotels & Resorts announced the opening of what is said was their 500th property, the Pune Marriott Hotel & Convention Centre, in Pune, India. [13] In September 2005, Marriott Hotels & Resorts unveiled its first new room designs in ten years.
Graduate Hotels was founded in 2014 by Nashville-based real estate investor Ben Weprin and his firm, AJ Capital Partners. [5] The company launched the Graduate Hotels brand by acquiring and remodeling hotels in university-anchored towns across the country. [6] The first hotel opened in Athens, Georgia in 2014, centered around the University of ...
In 1993, Stouffer Hotels was purchased by New World Development and all Stouffer hotels were placed within their Renaissance Hotels division, with the hotel becoming the Stouffer Renaissance Stanford Court Hotel. [6] The Stouffer branding was retired in 1996 and the hotel became the Renaissance Stanford Court Hotel. In November 2008, the hotel ...
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Westin Hotels & Resorts is an American upscale hotel chain owned by Marriott International. As of June 30, 2020 [update] , the Westin Brand has 226 properties with 82,608 rooms in multiple countries in addition to 58 hotels with 15,741 rooms in the pipeline.