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Richard Marriott is one of the heirs of J.W. Marriott Sr. who owned the famous Marriott Corporation. This hotel chain began in 1927 as a root beer stand but developed into catering services, restaurants, and hotels. Twin Bridges is the first Marriott hotel which opened in 1957. Richard and his brother inherited the Marriott Corporation which they later divided into two, to the shock of the shareholders.
Richard is currently running the Host Hotels which is considered as the largest lodging real estate trust in the globe composed of 121 hotels. Meanwhile, his brother runs the Marriott International which Richard partially owns. Richard eventually became the Chairman of the Board for Host Hotels & Resorts which was known as the Host Marriott Corporation.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2018 |
Others |
Other compensation as the Chairman of the Board of Host Hotels & Resorts, Inc. |
$70,530 |
|
2018 |
Bonus |
Bonus and non-equity executive compensation as the Chairman of the Board of Host Hotels & Resorts, Inc. |
$435,700 |
|
2018 |
Salary |
Base salary as the Chairman of the Board of Host Hotels & Resorts, Inc. |
$396,780 |
|
2016 |
Salary |
Annual salary as the Chairman of the Board of Host Hotels & Resorts |
$872,500 |
|
2016 |
Asset |
Estimated value of Richard Marriott's 270,427 units of stock in Host Hotels & Resorts |
$4,920,000 |
|
2016 |
Sale of Asset |
Sale of Richard Marriott's 50,000 units of stock in Host Hotels & Resorts |
$922,000 |