Marriott International began its acquisition of The Ritz-Carlton Hotel Company in 1995, initially purchasing a 49% interest. The acquisition was further solidified in 1998 when Marriott acquired an additional 49%, resulting in almost full ownership of the iconic luxury brand.
A Phased Acquisition of a Luxury Icon
The integration of The Ritz-Carlton into Marriott's portfolio was a strategic move that significantly expanded Marriott's presence in the luxury hotel segment. This multi-year process ensured a smooth transition and allowed both companies to leverage their strengths.
Key Acquisition Milestones:
| Year | Event | Details |
|---|---|---|
| 1995 | Initial Acquisition | Marriott purchases a 49% interest in The Ritz-Carlton Hotel Company. |
| 1998 | Increased Ownership | Marriott acquires another 49% of The Ritz-Carlton, securing almost full ownership. |
This two-step acquisition strategy allowed Marriott to gradually integrate The Ritz-Carlton, adding an esteemed luxury brand to its extensive collection of hotels and resorts. The Ritz-Carlton continues to operate as a distinct luxury brand under the Marriott umbrella, known for its exceptional service and opulent properties worldwide. For more details on Marriott's history, you can explore their corporate timeline.
