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A SHARED HISTORY OF INNOVATION MARRIOTT INTERNATIONAL+STARWOOD HOTELS & RESORTS 1927 Founders J. Willard and Alice S. Marriott open an A&W root beer stand, later named The Hot Shoppe, in Washington, D.C. 1930 Western Hotels, a chain of properties that becomes Westin Hotels & Resorts, is founded by Severt Thurston and Frank Dupar from Seattle, Wash. Page 1 of 2 1953 Hot Shoppes, Inc., stock becomes public at $10.25 a share and sells out in two hours of trading. 1957 The Twin Bridges Motor Hotel in Arlington, Va. opens, the company's first foray into lodging. 1969 Marriott offers travelers its first hotel outside the U.S. in Acapulco, Mexico, beginning its expansion globally. 1937 Sheraton Hotels is founded by Ernest Henderson and Robert Moore in Springfield, Mass. 1985 Sheraton debuts as the first international hotel brand in China with the opening of the Great Wall Sheraton Hotel Beijing. 1991 Barry Sternlicht begins Starwood Capital Partners, a Chicago real estate company, which has interests in more than 30 hotels in the first year. 1998 Starwood invents the lifestyle segment with the launch of W Hotels in New York City. 1972 J.W. Marriott, Jr., is named CEO of the company. 1983 With the first Courtyard hotel, Marriott launches its second lodging brand, pioneering a new segment for business travelers. 1987 Marriott announces the acquisition of Residence Inn, growing it into the leading extended-stay brand, while simultaneously launching Fairfield Inn. 1995 The iconic industry standard in luxury, The Ritz-Carlton Hotel Company, joins the Marriott portfolio. TOGETHER, WE'RE BETTER 2016: Marriott International acquires Starwood Hotels & Resorts creating the world's largest hotel company with more than 5,700 properties and over 1.1 million rooms across 30 brands in more than 110 countries. 1984 Marriott breaks into the luxury segment with the opening of the JW Marriott hotel Washington, D.C. in honor of the company's founder. 1970 - 1974 Sheraton arrives in Latin America and enjoys first-mover advantage with openings in Chile, Argentina, Peru and Brazil. 1998 Starwood acquires Westin Hotels & Resorts and ITT Sheraton Corporation and is renamed Starwood Hotels & Resorts. 1984 Revolutionizing guest loyalty, Marriott launches the precursor to its Marriott Rewards program which boasts 57 million members today. © 1996 - 2016 MARRIOTT INTERNATIONAL, INC. ALL RIGHTS RESERVED. MARRIOTT PROPRIETARY INFORMATION

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