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Article: The Daily Record News Briefs: April 23, 2009
- Article from:
- The Daily Record (Baltimore)
- Article date:
- April 23, 2009
- Author:
CopyrightCopyright 2009 The Daily Record (Baltimore). Provided by ProQuest LLC. (Hide copyright information)
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Marriott unveils growth plans
Marriott International Inc., the biggest U.S. lodging company,
plans to add 770 hotels in the next four years as the recession
spurs independent hoteliers in Europe and the Middle East to
outsource management to branded chains. Hotel occupancy has shrunk
around the world as the recession causes consumers to reduce their
leisure spending and companies to cut their travel budgets. Bethesda-
based Marriott plans to convert properties to brands including Ritz-
Carlton and Courtyard, and has $1.5 billion of a revolving credit
facility left to spend on expansion, Chairman J.W. Marriott said at
a briefing in London.
UM eyes alcohol rule change
Students at the ...
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