Marriott International Inc. Signs Letter of Intent for Headquarters in Downtown Bethesda in Montgomery County, Maryland
January 23, 2017 at 06:42 pm
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Marriott International Inc. announced it has signed a letter of intent with a joint venture between The Bernstein Companies and Boston Properties to develop its new corporate headquarters and hotel project in downtown Bethesda. The selected site is located at 7750 Wisconsin Avenue, at the corner of Wisconsin and Norfolk Avenues and spans two-blocks to the south and one block west to Woodmont Avenue, just a short walk from the Bethesda Metro station. The new headquarters will provide a cutting-edge workspace for Marriott's associates, offering technology, modern amenities and access to a range of transportation options. The new offices will meet green building standards, allow abundant natural light and provide the company's associates new opportunities for flexible, collaborative work spaces. The campus will also offer a childcare center for associates, a fitness center and a cafeteria. The new Marriott hotel will feature over 8,000 square feet of flexible meeting and ballroom space for meetings, banquets and conferences, and a variety of dining and social amenities, including a ground-floor restaurant with outdoor dining, a specialty coffee shop and a seasonal rooftop dining terrace.
Marriott International, Inc. specializes in hotel operating. Net sales break down by activity area as follows:
- The United States and Canada (79.9%):
- International (20.1%).
At the end of 2023, the group operated 8,785 hotels and residences (1,513,926 rooms) under the brands JW Marriott, The Ritz-Carlton, St. Regis, W Hotels, The Luxury Collection, EDITION, Bulgari, Marriott Hotels, Sheraton, Westin, Courtyard, Residence Inn, Le Méridien, Fairfield by Marriott, SpringHill, Renaissance, Four Points, AC Hotels by Marriott, Protea Hotels, Element, Moxy, etc., distributed between franchised hotels (6,563; 994,354 rooms), managed hotels (2,046; 575,963 rooms), owned and leased hotels (50; 13,115) and residential hotels (113; 11,481). In addition, the group is developing a real estate development business under its own brands.