The international vice-president of Autograph Collection, Marriott International’s most individually styled hotels, has revealed plans for the group to have at least 1000 hotels owned by diverse owners – including women – by 2020.
Julius W. Robinson, Marriott International vice president for Autograph Collection & diversity ownership champion for the group, said it intends to have 25% of its portfolio owned and managed by diverse individuals by the end of the decade.
At present, Marriott’s portfolio includes 660 diverse- and women-owned hotels, just 17% of the group’s 4000 properties. There are another 433 in the development pipeline, with 130 of those scheduled to open by the end of 2015.
"We have always had a culture of inclusiveness and want everyone to be aware of the opportunity to own hotels as an investment strategy that also has community benefit,” said Robinson.
The operator launched its Diverse Ownership Initiative in 2005 to increase the number of diverse- and women-owned hotels, providing access, education and guidance throughout the hotel development process, beginning with selecting the right brand to opening a hotel.