John W. Marriott III, EVP - Lodging of Marriott International, Inc. Resigning in January 2006
WASHINGTON, DC, October 21, 2005. John W. Marriott III, executive vice president - lodging of Marriott International, Inc. announced today that he will leave the company in January 2006 to serve as chief executive officer of J.W.M. Family Enterprises, L.P., a private partnership. Mr. Marriott also has accepted the position of vice chairman of Marriott International's Board of Directors. Mr. Marriott said he will focus on aggressively growing J.W.M. Family Enterprises, which he launched 12 years ago. The fund now has more than $600 million in assets.
Mr. Marriott joined Marriott International in 1976 and has served in a number of positions in the company. Named in 2004 as one of "The Most Influential Executives" by Business Travel News, Mr. Marriott is credited with the revitalization of Marriott's worldwide portfolio of 14 lodging brands.
J.W. Marriott, Jr., chairman and chief executive officer of Marriott International, said, "John is an entrepreneur. His great talents have added tremendous value to Marriott International over the past 30 years. We look forward to his continued contribution to our company."
J.W.M. Family Enterprises, L.P. currently owns 10 hotels, operated and managed under Marriott International's brands. The partnership recently purchased a 351-room hotel in Palm Beach, Fla., and a 405-room hotel in Columbus, Ohio, and plans to invest in other hotels to be managed and branded by Marriott.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
