Marriott International has revealed plans to have at least 1000 hotels owned by diverse owners – including women – by 2020.
The company said this would represent 25% of its portfolio, and the announcement came as it hosted its inaugural Women’s Ownership Works (or WOW) Summit at the Courtyard/Residence Inn Manhattan Central Park.
At present, Marriott’s portfolio includes 660 diverse- and women-owned hotels. There are another 433 in the development pipeline, with 130 of those scheduled to open by the end of 2015.
---COMMENT: FEMALE HOTELIERS IN THE GULF---
"We have always had a culture of inclusiveness and want everyone to be aware of the opportunity to own hotels as an investment strategy that also has community benefit,” said Marriott International vice president for Autograph Collection & diversity ownership champion Julius W. Robinson.
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The operator launched its Diverse Ownership Initiative in 2005 to increase the number of diverse- and women-owned hotels, providing access, education and guidance throughout the hotel development process, beginning with selecting the right brand to opening a hotel.
It invites potential owners to participate in an intense two-day summit for networking and education as part of the initiative.
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