Bethesda is one of the top places in the country for companies on both the ownership and management sides of the hotel business.
J.W. “Bill” Marriott, Jr., CEO of Marriott International Inc. from 1972 to 2011 and still executive chairman, led the lodging industry’s separation of management and ownership functions for larger, higher-end properties. Until the 1980s, hotel owners in all price ranges generally managed their own properties, and chains had either central ownership or franchising deals holding them together.
Marriott concentrated on the management side of the business, developing the powerful marketing synergies of nationwide and worldwide hotel brands, as well as expertise and cost savings in hotel operations.