Marriott Expands Diverse Hotel Ownership Portfolio (United States)
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Marriott Expands Diverse Hotel Ownership Portfolio (United States)
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Category: North America & West Indies / Carribean islands - United States - Industry economy
- Hotel opening
This is a press release selected by our editorial committee and published online for free on 2008-07-31
Integrated Capital’s Eighth Hotel with Marriott; Located in Maryland’s New National Harbor
Marriott International, Inc. (NYSE:MAR) announced today the expansion of its diverse hotel ownership portfolio with the opening of the African-American-owned, 162-suite Residence Inn National Harbor Washington, D.C., on Aug. 18 in Maryland’s Prince George’s County—cited as “America’s Wealthiest Black County” by Ebony magazine. The Residence Inn National Harbor will become the eighth Marriott hotel owned by Los Angeles-based Integrated Capital, LLC and the sixth diverse-owned Marriott hotel in Prince George’s County.
“We are proud of our growing portfolio of diverse-owned hotels, which currently stands at more than 400,” said Norman Jenkins, senior vice president, Lodging Development, Marriott International, Inc. “Integrated Capital is a great example of an owner that has benefited from our Diversity Ownership Initiative.”
“We are thrilled to partner with Marriott once again,” said Kenneth Fearn, founder of Integrated Capital, LLC. “Marriott has the best hotel ownership program in the hospitality industry and more importantly, our values of diversity and inclusiveness are aligned. It’s truly a great partnership.”
The hotel’s senior leadership includes a diverse staff with 12-year Marriott veteran Kori Johnson leading the way as general manager. It is located in one of the largest development projects in the Washington-DC metro area which offers a host of restaurants, retail and businesses along the shores of the Potomac River. The Residence Inn National Harbor is located just over the Woodrow Wilson Bridge – a boat ride away from Alexandria, Va., and Washington, D.C. – and offers easy access to Andrews Air Force Base, Nationals Stadium and Ronald Reagan Washington National Airport.
Integrated Capital’s portfolio also includes the following Marriott-branded hotels:
• California –Ventura Beach Marriott;
• Colorado—Fort Collins Residence Inn by Marriott, Fort Collins Courtyard by Marriott and Fort Collins Marriott;
• Kansas –Overland Park Marriott;
• Maryland – Silver Spring Residence Inn by Marriott and the Columbia Residence Inn by Marriott.
The five additional diverse-owned hotels in Prince George’s County include: two Courtyard by Marriott hotels, a Residence Inn by Marriott and a Springhill Suites by Marriott under development in Bowie and Hyattsville, Md.; and a TownePlace Suites by Marriott in Bowie Town Center that is currently open.
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