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Marriott and Host Marriott Distancing

BETHESDA, MD-Marriott International, Inc. and its real estate subsidiary Host Marriott Corp. make moves to limit their mutual operations with the end of dual board member service by two of its co-chairs, the brothers Marriott.

By Barbra Murray | Updated on April 05, 2002

BETHESDA, MD-International hospitality company Marriott International Inc. is working towards separating operations of the company and its real estate arm Host Marriott Corp. with the announcement of two major board changes. Marriott chairman J. Willard Marriott will not seek reelection to his position on Host’s board and his brother Richard E. Marriott, Host chairman, will not run again for his position on Marriott’s board. The two would have been up for re-election in May of this year.

“Our relationship with Marriott International may result in conflicts of interest,” Host Marriott reports in Securities and Exchange Commission filing dated April 1. “Marriott International, a public hotel management company, and its affiliates, manages or franchises 110 of our 122 hotels. In addition, Marriott International manages and in some cases may own or be invested in hotels that compete with our hotels.

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