Marriott News Center

6 posts categorized "ExecuStay"

04/16/2012

Marriott International To Sell ExecuStay Corporate Housing Brand To Oakwood Worldwide

Weston St AndrewsOakwood and Marriott also enter into a long-term reciprocal preferred provider agreement.

Marriott International, Inc. (NYSE: MAR) and Oakwood Worldwide, a privately held company, today announced that they have signed an agreement for Marriott to sell its ExecuStay corporate and temporary apartment housing business to Oakwood, which is the leading global provider of corporate housing and serviced apartments, with locations in more than 50 countries.

ExecuStay offers furnished apartments in more than 700 locations across the U.S.  Typically accommodating stays of 30 days or longer, ExecuStay provides a full residential experience, taking care of everything from utilities to furnishings, with conveniences such as free Wi-Fi, a full kitchen and laundry facilities.

As part of the transaction Oakwood will maintain ExecuStay as a separate brand offering.  The parties also signed an eight-year reciprocal preferred provider agreement under which Marriott International will become the preferred hotel provider for Oakwood corporate housing and serviced apartment customers who need a hotel stay, and Marriott will recognize Oakwood as the preferred provider of corporate housing and serviced apartments to Marriott customers.   As part of the preferred provider agreement, ExecuStay customers will also continue to earn Marriott Rewards guest loyalty program points for stays at ExecuStay apartments.

David Grissen, president – The Americas for Marriott International, said, “We are delighted to reach this agreement with Oakwood, the world’s premier corporate housing and serviced apartments provider.  We believe this agreement, which includes a significant continuing relationship, will substantially benefit each of our two companies as well as our respective customer bases, and is the best of both worlds for the ExecuStay brand and its franchise partners.” 

Grissen continued, “We are proud of ExecuStay.  Since we acquired the business in 1999, the brand has evolved into an industry leader offering a tremendous product to customers.  Notwithstanding this progress, over time it became clear that ExecuStay’s business model of leasing residential premises to customers was meaningfully different from Marriott International’s long-term business strategy. ExecuStay’s association with Oakwood will provide it with new opportunities to prosper.”

“This is a great day for both Oakwood and ExecuStay,” said Howard Ruby, chairman and founder of Oakwood Worldwide.  “We have been interested in ExecuStay for some time, and Marriott has developed a brand that is a leader in the corporate housing and serviced apartment space.  In addition, our long-term preferred partnership with Marriott will benefit both companies and our respective clients.”

“This acquisition will expand our footprint and we’ll be even better-equipped to provide our customers with innovative solutions that best fit their changing needs,” said Ric Villarreal, president of Oakwood Worldwide. “We will leverage the same best practices that have made Oakwood and ExecuStay industry leaders as we move our organization forward.”

The financial terms of the sale were not disclosed, and are not material to Marriott International. Conclusion of the transaction, which is subject to normal and customary closing conditions, is expected by the end of April.

For future ExecuStay reservations please continue to contact ExecuStay at www.execustay.com, or via the ExecuStay customer service line: 888.340.2565.  Following the transaction closing, customers can continue to access brand reservations at www.execustay.com  or at Oakwood Worldwide at www.oakwood.com

EXECUSTAY: For stays of a month or more, Marriott ExecuStay®, www.execustay.com, is the industry's premier temporary housing solution, providing move-in ready furnished apartments in more than 325 cities in the U.S. Whether for business, government assignment or relocation, ExecuStay provides guests an apartment in a residential community, rather than a hotel, that’s move-in ready within two business days. ExecuStay takes care of all of the details, from utilities to furnishings, so guests can stay on track, plug in to the local community and focus on their priorities. And, ExecuStay participates in the award-winning Marriott Rewards® frequent guest program.

MARRIOTT INTERNATIONAL (NYSE: MAR) is a leading lodging company based in Bethesda, Maryland, USA with more than 3,700 properties in 73 countries and territories and reported revenues of over $12 billion in fiscal year 2011.  The company operates and franchises hotels under 15 brands, including Marriott,The Ritz-Carlton, JW Marriott, Bulgari, EDITION, Renaissance, Autograph Collection, AC Hotels by Marriott, Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, ExecuStay, and Marriott Executive Apartments brand names.  The company also licenses vacation ownership resorts under three additional brands: Marriott Vacation Club, Grand Residences by Marriott, and The Ritz-Carlton Destination Club.  There are approximately 300,000 employees at the company’s headquarters and other offices, and at managed and franchised property locations. Marriott is consistently recognized as a top employer and for its superior business operations, which it conducts based on five core values: put people first, pursue excellence, embrace change, act with integrity, and serve our world. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

OAKWOOD is the global leader and provider of corporate housing and serviced apartments. For one need or many, local or around the globe – Oakwood offers flexible, easy-to-use, custom solutions to meet any temporary housing need.  A wide range of inventory and supplier management options allows Oakwood to provide the optimal housing solution whenever and wherever needed. With more than 2,500 Oakwood associates worldwide, locations in more than 50 countries, and more than 400 network partners, Oakwood delivers the service and reliability clients can trust.

Its staff of trained professionals throughout the world, innovative technologies, and unparalleled customer service have made Oakwood the premier choice in temporary housing solutions for 50 years.  For more information, please visit www.oakwood.com.

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04/05/2012

‘Like’ Marriott ExecuStay for a Chance to Win 75,000 Marriott Rewards® Points

'Like' Marriott ExecuStayEnter on Facebook for the Grand Prize or one of 10 First Prizes.

Bethesda, Md. – Like free hotel stays? Marriott ExecuStay® (http://www.ExecuStay.com) thinks you’ll love a chance to win 75,000 Marriott Rewards® points – enough points for free nights at Marriott properties around the world. The corporate housing brand’s Live. Like. Love. sweepstakes is open from April 1 through May 31, 2012 to those who “Like” its Facebook page.

According to Chris Trick, ExecuStay’s vice president of marketing, “Visitors of ExecuStay’s Facebook page can enter the Live. Like Love. sweepstakes to win the grand prize of 75,000 Marriott Rewards points or one of 10 first prizes of 7,500 points,” he said.  “Imagine all the things you can do with those points.”

Guests who book an ExecuStay reservation during April and May for a month or more, and mention the Live. Like. Love. promotion will earn 7,500 Marriott Rewards bonus points.  Marriott Rewards is free to join and has no blackout dates. Members can earn and redeem points at more than 3,600 Marriott International hotels around the world. Members can also redeem points for frequent flyer miles, cruises, car rentals and more.

Visit ExecuStay’s Facebook page for additional information, official rules and to enter daily.  Winners will need a Marriott Rewards® account to receive the prize. Learn more about Marriott Rewards and enroll. Winners will be selected in June 2012. 

NO PURCHASE NECESSARY.  A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING.  LEGAL RESIDENTS OF THE 50 UNITED STATES (D.C.) WHO ARE AT LEAST EIGHTEEN (18) YEARS OF AGE AT THE TIME OF ENTRY.  VOID WHERE PROHIBITED. Sweepstakes ends 5/31/12.   For Official Rules, prize descriptions and odds disclosure, visit http://marriott.promo.eprize.com/livelikelove.  Sponsor Marriott ExecuStay, 10400 Fernwood Road, Bethesda, MD 20817-1109.

For more information or reservations, call the Marriott ExecuStay toll-free number at 866.864.3094, a travel agent or visit the Web site at ExecuStay.com.  View this press release online.  View all ExecuStay press releases.

Marriott ExecuStay®, offers guests of a month or more the spaciousness and privacy of a furnished apartment found in more than 700 locations in the United States.  Monthly rates include utilities, cable, free wireless and high-speed Internet access, and 24/7 customer service.  Apartments are furnished to order, with Elite Dreamer® bedding, television, DVD player, full kitchen including essential cookware, bath linens and laundry facilities.  Guests can enjoy the added benefit of earning Marriott Rewards® points, the company’s award-winning frequent travel program.  In addition, the ExecuStay Insurance Housing Solutions division provides temporary housing for those impacted by unforeseen events.  Marriott ExecuStay is part of Marriott International’s extended-stay lodging portfolio, which also includes Residence Inn, TownePlace Suites and Marriott Executive Apartments. For more information or reservations, please visit our website at ExecuStay.com or view an apartment online at www.ExecuStay.com/videotour.

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03/28/2012

Marriott International Gives Glimpse Into The Future At First Global General Managers Conference In Five Years

JW & RC - LA LIVELOS ANGELES, CA – Marriott International, Inc. (NYSE:MAR) hosted more than 1,300 attendees from around the world to unveil future innovation and growth plans for its full-service portfolio and to celebrate an 85-year legacy of service. Aptly named "Brand New World," the conference represents the first time property leaders and Marriott senior executives have gathered together since 2005. Marriott International brands participating in the conference include The Ritz-Carlton, JW Marriott Hotels, Bulgari Hotels & Resorts, Marriott Hotels & Resorts, EDITION, Renaissance Hotels, Autograph Collection and Marriott Executive Apartments.

“It is exciting to see how much we’ve grown since our last meeting and to share all of the new and innovative things we are doing now and are planning for the future,” said Arne Sorenson, president and chief executive officer of Marriott International, Inc. “We expect to open roughly 30,000 rooms this year and our development pipeline totals 110,000 rooms, which implies continued strong unit growth well beyond 2012. We are bullish about the long-term growth prospects for both Marriott and the global lodging industry. With a growing middle class and rapid economic growth in many emerging markets, global demand is increasing steadily. Our products are high quality, our guest satisfaction is very high, and our brands are preferred by owners and franchisees. New hotel openings and renovations of existing hotels continue to energize our brands, and with new designs and services, we continue to find great ways to engage our guests.”

News on Marriott International’s full service brands includes:

Ritz-CarltonThe Ritz-Carlton, a name synonymous with luxury, will continue its path of global expansion with plans to take the brand into countries such as Austria and Israel for the first time. With other openings in key gateway destinations such as Okinawa, Vienna, Abu Dhabi, Tianjin, Chengdu and Herzilya, The Ritz-Carlton expects to grow its hotel portfolio to more than 85 hotels within the next 12 months. This growth comes at a time when the brand is also renewing its exceptional service promise. The Ritz-Carlton Hotel Company continues to showcase the core service philosophy that makes them a successful luxury lodging company. Disrupting convention in the category, The Ritz-Carlton poses an alternative style of question to guests, asking ‘Let Us Stay With You’, thereby reversing the age-old approach of hotels asking guests to stay with them. Through the use of artwork, film, messaging, and digital experience platforms, guests are asked to allow The Ritz-Carlton to be much more than just a hotel; indeed to be that indelible memory that lasts a lifetime. www.ritzcarlton.com

JW_logo_bk_vertJW Marriott Hotels, a luxury brand and namesake of the company’s founder, consists of beautiful properties in gateway cities and distinctive resort locations around the world. These elegant hotels cater to today’s sophisticated, self-assured travelers, offering them the quiet luxury they seek in a warmly authentic, relaxed atmosphere. JW Marriott properties provide highly crafted, anticipatory experiences that reflect their locale and are delivered with an intuitive response to personal expectation. Recent news from the brand includes the introduction of several extraordinary partnerships that offer JW Marriott guests the opportunity to experience the best of culture, culinary, and well-being. Partners include exclusive relationships with CHRISTIES, Inc., Aromatherapy Associates, Keri Glassman, Treasury Wine Estates and Dr. Pamela Peeke. There are currently 53 JW Marriott hotels operating in 22 countries, with hotels expected to open by year-end 2012 in Mexico, Peru, India and Azerbaijan. By 2015 the portfolio is expected to encompass 80 properties in 29 countries. Learn more at www.jwmarriott.com.

Bvlgari Hotels & ResortsWith the goal of offering a contemporary, elegant collection of luxury hotels in gateway cities and exclusive resort locations around the world, Bulgari Hotels & Resorts was introduced in 2001.  Today, Bulgari’s exquisite resort destinations in Milan and Bali offer au courant Italian lifestyle experiences. The Bulgari Hotel & Residences, London is expected to open in spring 2012. www.bulgarihotels.com

EDITIONEDITION, a luxury lifestyle hotel brand created in partnership with Ian Schrager, is on track to have six hotels operating in major global gateway cities by 2015. With the January announcement of one of Manhattan's most beloved buildings, the Metropolitan Life Tower “Clock Tower,” newly announced hotel contracts in Bangkok and Abu Dhabi, as well as two hotels under construction in London and Miami Beach, EDITION expects to have hotels on three continents within three years. There is currently one EDITION Hotel open -- The Istanbul EDITION. EDITION combines the personal, intimate, individualized and unique experiences which Ian Schrager is known for, with the global reach and operational expertise of Marriott International. www.editionhotels.com

MHRMarriott Hotels & Resorts, the signature brand of Marriott International, announced this week a collaboration with Steelcase and IDEO to revolutionize hosted work environments in its hotels and to start a dialogue around the evolving needs and mindset of Gen X and Gen Y global business travelers. The Future of Meetings Innovation Lab at the conference showcased ten meeting and work space prototypes that are currently in development. General Managers from around the world had the opportunity to experience these prototypes first-hand, offer immediate feedback and help co-create meeting spaces of the future in real time. The unveiling at the conference represents the first phase of the collaboration among Marriott Hotels & Resorts, Steelcase and IDEO, as the brand demonstrates its deep commitment to re-imagining hospitality for a new generation of global travelers. Marriott Hotels & Resorts is the company’s largest brand by number of hotel rooms globally with hotels, resorts and conference centers in more than 50 countries. www.marriotthotels.com

RenHotels_logo_webBrown 1Renaissance Hotels, the original Lifestyle brand within the portfolio, expects to add nine new hotels this year in key destinations worldwide including Istanbul, Shanghai and Kiev. This planned expansion will further expand Renaissance Hotels’ current portfolio of lifestyle hotels to encompass nearly 160 hotels in 35 countries. In addition to its continued growth, Renaissance Hotels continues to offer guests the opportunity to discover the best of entertainment through its signature RLife LIVE program, one of the hospitality industry’s leading entertainment platforms. RLife LIVE is well recognized for featuring the best of new and emerging musical talent into the hotel for guest and locals. www.renhotels.com

Autograph CollectionAutograph Collection, Marriott’s expanding portfolio of independent hotels that provides individualist travelers with unique experiences, recently announced the addition of The Saint in New Orleans, as well as the iconic Blue Moon and Winter Haven hotels in Miami Beach to its growing lineup. Each of the hotels is the first to join Autograph Collection in their respective cities. With these properties, the collection has accumulated an impressive 32 hotels in its portfolio since its launch in 2010, with plans to add more than 50 properties by the end of 2012 in various key markets worldwide. Along with the continued expansion of the Collection, Autograph also continues to receive rave reviews for its one-of-a-kind website, www.autographhotels.com, developed to inspire the independent traveler.

MEA_Logo_Black4U_8003UMarriott Executive Apartments is Marriott’s only serviced corporate apartment brand offering the convenience of 5-star, full-service hotel facilities with the space, ambience and privacy of upscale residential living and the assurance and security of a Marriott experience. Marriot Executive Apartments properties, which are all located outside of North America, offer studio to three-bedroom apartments and are designed for executive expats staying 30+ nights, usually on temporary assignment or relocation. Each property is influenced by local design elements and features state-of-the-art facilities and technology. There are currently 22 Marriott Executive Apartments locations in 15 countries with plans to nearly double over the next five years. Visit www.marriottexecutiveapartments.com

NOTE: The statements about the future additions of hotels are “forward looking statements" within the meaning of federal securities laws, not historical facts, and are subject to a number of risks and uncertainties, including supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth; and other risk factors identified in Marriott International, Inc.'s most recent annual report on Form 10-K; any of which could cause actual results to differ materially from those expressed in or implied by our statements. These statements are made as of the date of this press release, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Visit Marriott International, Inc. (NYSE: MAR) for company information. For more information or reservations, please visit our web site at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

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11/14/2011

ExecuStay Blog and Facebook Sites Aim to Socialize with Extended-Stay Travelers

Discover Extended StayGuest Blogger Shares Secrets for Surviving a Move to New York City.

Marriott ExecuStay, a leader in extended-stay, furnished apartments, is sharing the ups and downs of relocating to a new city through the launch of its Discover ExecuStay™ blog featuring Marriott public relations executive Catherine “Cat” Leitner as she moves to her new home of New York City. The blog, along with the brand’s Facebook page, is an opportunity for ExecuStay to connect and engage with extended-stay travelers.

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07/11/2011

Marriott ExecuStay Guests Pick their Own Reward

New Corporate Housing Promotion Gives Extras to Extended-Stay Travelers

ExecuStay Pick Your Summer Reward They say life’s greatest rewards come in threes.  That’s also true for guests who book the Summer Rewards promotion with Marriott ExecuStay® (http://www.ExecuStay.com), a leader in furnished apartments, temporary housing, and corporate housing

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05/31/2011

Marriott ExecuStay Expands into Upstate New York with New Franchise Partner

Albany Corporate Housing Joins Corporate Housing Leader

ES GM Danica EhmannMarriott ExecuStay® (http://www.ExecuStay.com), a leader in furnished apartments, temporary housing, and corporate housing is pleased to announce the expansion of ExecuStay's franchise system into the Albany and Saratoga Springs markets in New York.  These markets will be operated by Albany Corporate Housing, LLC, a division of Prime Companies based in Latham, N.Y.  
[Pictured: Danica Ehmann, General Manager]

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