Marriott

Marriott Installs Tony Capuano as CEO

Marriott Installs Tony Capuano as CEO

Marriott International announced the appointment of Tony Capuano, a longtime veteran of the company, to the position of CEO.
The move follows the death last week of the hotelier’s third CEO, Arne Sorensen, from pancreatic cancer.
Mr. Capuano, who most recently was a group president responsible for leading Marriott’s global development, design efforts and operations, was also appointed to the company’s board.
Marriott also announced the appointment of Stephanie Linnartz, a Marriott group …

Marriott Records First Loss Since 2009

Marriott Records First Loss Since 2009

Marriott International announced financial results for the fourth quarter of 2020 and the full calendar year.
The world’s largest hotel chain ended 2020 with a loss of $267 million, its first loss since 2009.
The year-end results were reported several days after its CEO, Arne Sorensen, died of pancreatic cancer. Sorensen was only the company’s third CEO and the first not to carry a Marriott surname. He presided over what was the …

Arne Sorensen, CEO of Marriott, Dies at 63 After Fight with Pancreatic Cancer

Arne Sorensen, CEO of Marriott, Dies at 63 After Fight with Pancreatic Cancer

Arne Sorensen, president and CEO of Marriott International, died on Monday at the age of 63 after a two-year battle with pancreatic cancer.
Mr. Sorensen, who was only the third CEO of what is now the world’s largest hotel chain, was born in Tokyo, Japan, on October 13, 1958. He became CEO in 2012 after serving as the company’s chief operating officer for many years.  Prior to joining Marriott, he practiced …

Marriott Loses 78 Hotels to Sonesta in Multi-Million Dollar Default

Marriott Loses 78 Hotels to Sonesta in Multi-Million Dollar Default

Seventy-eight Marriott hotels have been reflagged as Sonesta International Hotels properties, the owner of the hotels, Service Properties Trust, announced Friday.
The action follows an $11 million default on payments to Service Properties Trust, which owns approximately 34% of Sonesta.
An additional ten hotels are slated to be reflagged under the Sonesta umbrella by the end of March.
“Marriott failed to meet the termination threshold of 80% of owner’s priority return through August,” …

Marriott CEO Sorenson to Reduce Schedule to Allow for Pancreatic Cancer Treatment

Marriott CEO Sorenson to Reduce Schedule to Allow for Pancreatic Cancer Treatment

Marriott International said Friday that its chief executive officer, Arne Sorenson, would reduce his work schedule as he begins “more demanding” treatment for pancreatic cancer.
“Mr. Sorenson, who will remain Marriott’s president and CEO, is expected to step back from full-time oversight of the company for several months,” the hotelier said.
Sorenson, who is 62, first revealed his diagnosis in May 2019.
“The right thing to do for me, my family and the …

United Appoints New Sr. Vice President of Worldwide Sales

United Appoints New Sr. Vice President of Worldwide Sales

United Airlines announced the appointment of Doreen Burse to the position of senior vice president, worldwide sales.
Ms. Burse is currently vice president of global sales for United States and Canada at Marriott International and has spent the majority of her career – over 33 years – at the hotel chain.
She will join the airline on March 1, 2021.  Once there, she will report to Andrew Nocella, the airline’s chief commercial …

Marriott to Open 100 Hotels in Asia-Pacific in 2021

Marriott to Open 100 Hotels in Asia-Pacific in 2021

Marriott International said it plans to open approximately 100 hotels in the Asia-Pacific region in 2021.
The hotelier will add hotels under multiple brands, including JW Marriott, W hotels, and the Ritz-Carlton Reserve.
“The strength of our pipeline is testament to the long-term growth prospects in Asia Pacific,” said Paul Foskey, the chain’s chief development officer for the Asia-Pacific region.
The opening of the Ritz-Carlton Reserve Jiuzhaigo this spring in China will make …