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105. Marriott to Spin Off Timeshare Business
Marriott to Spin Off Timeshare Business. Marriott is planning to spin off its timeshare operations and development business as a new independent company through a special tax-free dividend to Marriott International shareholders in late 2011. Under the plan, the new company will focus on the timeshare business as the exclusive developer and operator of timeshare, fractional and rela
106. Marriott signs Three New Hotels in India
Marriott signs Three New Hotels in India. Marriott is to add three hotels to its rapidly expanding hotel portfolio in India, bringing the total number of properties to 25, representing six brands and 6,224 rooms, by 2011. All three of these hotels will be operated by Marriott under long-term management contracts.
107. Marriott signs Nine New Properties in Saudi Arabia
Marriott signs Nine New Properties in Saudi Arabia. Marriott is to manage nine new properties in the Kingdom of Saudi Arabia starting in 2010 under a recently concluded agreement with Fawaz Abdul Aziz Al-Hokair & Associates Hotel Company LLC. The new hotels will be located in Riyadh, Jeddah, Dammam and Jubail and will represent the following Marriott International brands: The Ritz-
108. Marriott to open Second Marriott Executive Apartments in Shanghai
Marriott to open Second Marriott Executive Apartments in Shanghai.
109. Marriott Rewards Partners Ctrip
Marriott Rewards and Ctrip have partnered to offer Chinese travellers a variety of hotels and reward opportunities when they stay at 3,600 participating hotels around the world. Marriott Rewards members can now earn Ctrip points when they stay Marriott Internationalís hotels globally.
110. 140 Hotels expected to Join Marriott System in Next 48 Months
140 Hotels expected to Join Marriott System in Next 48 Months. In anticipation of the one billion international tourism arrivals expected by 2010, Marriott International is planning to add more than 140 hotels and resorts outside the U.S. and Canada, representing more than 34,000 rooms in 43 countries over the next four years. These new hotels are part of Marriott Internationalís g
111. Marriott Signs 7 More Hotels in China
Marriott Signs 7 More Hotels in China. Marriott International has signed management agreements for seven additional hotels in China and aims to double its presence in the country in about five years. Marriottís largest market outside of North America is China where the company expects to have 60 hotels open across six brands by year-end 2010, including eight flying the companyís Ri
112. Marriott Executive Apartments to nearly Double in Size in Next 36 months
Marriott Executive Apartments to nearly Double in Size in Next 36 months. Marriott Executive Apartments is to nearly double in size in the next 36 months, to respond to a growing need in many emerging markets for long-term stay lodging for executive expatriates needing spacious housing and hotel amenities. Today, Marriott operates 16 MEA hotels in 13 countries outside the U.S., and

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