“We are honored to be recognized with the IFA’s highest award,” said Stephen P. Joyce, executive vice president of Owner and Franchise Services and North American full-service development, Marriott International. “We are excited about the success of Marriott’s Diversity Ownership Initiative and look forward to developing relationships with more women and minority franchisees and owners.”
Marriott launched the Diversity Ownership Initiative in 2005. Currently, there are over 300 Marriott hotels that are now owned, operated or under development by minorities and women; with a goal of reaching 500 in the next five years. Most recently, Marriott announced RLJ Development, owned by Black Entertainment Television (BET) founder Robert L. Johnson, expects to purchase 90 Marriott International hotels from White Lodging Services Corporation by year end 2006. RLJ Development will become one of Marriott’s largest franchisees upon completion of the transaction.
MARRIOTT INTERNATIONAL is a leading lodging company with over 2,700 lodging properties in the United States and 66 other countries and territories. Marriott International operates and franchises hotels under the Marriott,
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