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Date Submitted: 06/07/2011 05:35 PM

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Company Background

Marriott Curporation began in 1927with J. Willard Marriott's rmt berr stand. Orier the next 60 years, the business grew into one of the leading lodging and food service companics in the U ~ t e d States.Marriott's 1987profitsuzere$223milliononsalesof56.5billion. SeeExhibit1fcmaSummary of Marrioit's financialhstory.

Marrioit had three major linec of businecs: lodging, contract services, and restaurants. Exhibit 2 sumn~arizeists linilot-business data. Lodging operations included 361 hotcls, with more than 100,000 rooms in total. Hotels ranged trom the full-service, hgh-quality Murnott hotels and suites to the moderately priced Fairfield Inn. Lodging generated 41/10ot 1987cales and51% of profits.

Contract services provided k ~ o dand services management to health care and educational institutions and corporations. It also provided airline catering and airline wrvices through its Marrioit In-Flite Services and Hoct International operations. Contract services genrrafed 46% of 1987 sales and 33%of prcifits.

Marriott's restaurants ~ncludedBob's Big Boy, Roy Rogers, and Hot Shoppes Restaurants provided 13%of 1987 sales and 16% of profits.Company Background

Marriott Curporation began in 1927with J. Willard Marriott's rmt berr stand. Orier the next 60 years, the business grew into one of the leading lodging and food service companics in the U ~ t e d States.Marriott's 1987profitsuzere$223milliononsalesof56.5billion. SeeExhibit1fcmaSummary of Marrioit's financialhstory.

Marrioit had three major linec of businecs: lodging, contract services, and restaurants. Exhibit 2 sumn~arizeists linilot-business data. Lodging operations included 361 hotcls, with more than 100,000 rooms in total. Hotels ranged trom the full-service, hgh-quality Murnott hotels and suites to the moderately priced Fairfield Inn. Lodging generated 41/10ot 1987cales and51% of profits.

Contract services provided k ~ o dand services management to health care and educational institutions...