 Marriott launched the Diversity Ownership Initiative in 2005 to bridge the gap between successful minority business owners and professionals and the hospitality industry. As a part of Marriott’s commitment to diversity, the company pledged to double the number of Marriott hotels owned or franchised by minorities and women by 2010. To date, more than 430 Marriott hotels are minority and woman-owned or franchised.
What is the secret to the success of the Diversity Ownership Initiative? Preparation, experience and empowerment.
Preparation. Marriott holds education summits for prospective hotel owners and franchisees. Individuals learn about hotel ownership from concept to execution from experienced industry professionals. Workshops range from partnership development and site location to financing and management.
Experience. Marriott looks for individuals who have a demonstrated track record of business experience and success. A background in the lodging industry is not required, but drive is. Individuals must be capable of taking an equity position in Marriott hotels under development or acquiring or re-branding hotels.
Empowerment. We equip our owners with information and tools they will need to be successful. During the workshops, participants will meet existing owners, professionals from the lending industry, and members of Marriott’s operations team and various departments. We have a network to help guide and support new owners. After all, Marriott succeeds when our owners succeed.
Meet Our Owners
RLJ Development
Finvarb Companies
Hospitality Development, LLC
For more information on the Diversity Ownership Initiative, contact Christie Patterson at Christie.Patterson@Marriott.com.
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