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Host Hotels & Resorts, Inc. is an American real estate investment trust that invests in hotels. As of December 31, 2023, the company owned 77 upscale hotels containing approximately 42,000 rooms in the United States , Brazil , and Canada . [ 1 ]
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In 1957, the firm expanded into the hotel industry by opening the first Marriott hotel, the Marriott Motor Hotel, in Arlington County, Virginia. In 1964, Hot Shoppes, Inc. was renamed Marriott-Hot Shoppes, Inc. [7] The company became Marriott Corporation in 1967. In 1967, Marriott acquired the Big Boy family restaurants chain from Bob Wian. [8] [9]
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The company's origins are in the Van Noy Railway News and Hotel Company founded in 1897 by the Van Noy Brothers of Kansas City, Missouri. On January 2, 1996, Host Marriott Services Corporation was created when Host Marriott Corporation divided into two separate companies. Host Marriott continued to own lodging real estate.
He then joined Host Hotels & Resorts as executive vice president in 1995, and became the president and CEO of the company in 2000. [11] Nassetta is married to Paige, his high school prom date and the daughter of former Arkansas congressman Ed Bethune. [3] [12] The couple has six daughters. [13]
In 2020, the United States Department of Labor Standard Industrial Classification (SIC) defines the hospitality industry more broadly, including: [2]. 701 Hotels and Motels, including auto courts, bed and breakfast inns, cabins and cottages, casino hotels, hostels, hotels (except residential ones), inns furnishing food and lodging, motels, recreational hotels, resort hotels, seasonal hotels ...
Destination Hotels was a subsidiary of Lowe Hospitality Group (LHG), which is owned by Lowe Enterprises, a privately held national real estate investment, management and development firm headquartered in Los Angeles, California until October 2018. The company partners with affiliate Lowe Destination Development, also an LHG subsidiary, to ...