Marriott`s new frequent travel program—Marriott Rewards—was awarded the 1997 Freddie Award today for the “Best Frequent Guest Program of the Year” by InsideFlyer. Launched in May of 1997, Marriott Rewards offers its 10 million members the most point-earning potential and award-redeeming opportunities in the industry with nine hotel brands in eight lodging tiers—representing more than 1,300 hotels in 30 countries.
Marriott International, Inc. (NYSE / MAR) today announced that it has launched a $1.5 billion syndicated bank financing for the new hospitality company which it plans to spin off. Marriott International and Sodexho Alliance also have obtained $1.4 billion of bank financing commitments for Sodexho Marriott Services, Inc. In addition, Marriott International announced that the waiting period has expired under the Hart-Scott-Rodino Antitrust Improvements Act with respect to the pending merger of Marriott`s food service and facilities management business (Marriott Management Services) with Sodexho Alliance`s North American operations.
Marriott International has realigned the leadership of its Asia, Pacific & Australia Region in response to its extraordinary growth in the area, announced Ed Fuller, president and managing director of Marriott Lodging International. As a result, on April 2, the following managerial changes will become effective: