| Business Summary | | Host
Marriott
Corp.
is
a
self-managed
and
self-administered
real
estate
investment
trust
that
owns
full
service
hotel
properties.
The
Company's
operations
are
conducted
solely
through
the
operating
partnership
and
its
subsidiaries.
As
of
March
12,
2001,
the
Company
owned
122
hotels,
containing
approximately
58,000
rooms,
located
throughout
the
United
States
and
Canada.
The
hotels
generally
are
operated
under
the
Marriott,
Ritz-Carlton,
Four
Seasons,
Hilton,
Hyatt
and
Swissotel
brand
names.
These
brand
names
are
among
the
most
respected
and
widely
recognized
brand
names
in
the
lodging
industry. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Host
Marriott
Corp.
is
a
self-managed
and
self-administered
real
estate
investment
trust
which
owns
122
hotels
(as
of
3/01),
containing
approximately
58
thousand
rooms
throughout
the
U.S.
and
Canada.
For
the
24
weeks
ended
6/15/01,
total
revenues
totaled
$1.86
billion,
up
from
$361
million.
Net
income
before
extraordinary
item
applicable
to
Common
totaled
$67
million
vs.
a
loss
of
$113
million.
Results
reflect
higher
hotel
revenues
due
to
the
acquisition
of
the
Crestline
Lessee
Entities. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Richard Marriott, 61 Chairman | $746K | -- | Christopher Nassetta, 37 Pres,
CEO, Director | 2.0M | -- | Robert Parsons, Jr., 44 Exec.
VP and CFO | 1.9M | $19.8K | Donald Olinger, 41 Sr.
VP and Corp. Controller | -- | -- | Christopher Townsend, 52 Sr.
VP, Gen. Counsel and Corp. Sec. | 444K | 9.2K | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|