Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

Marriott International, Inc. is an American multinational company that operates, franchises, and licenses lodging including hotel, residential, and timeshare properties. It is headquartered in Bethesda, Maryland. The company was founded by J. Willard Marriott and his wife Alice Marriott.

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed
Revenue(RF), mln.USD
19
Assets(RF), mln.USD
3
Capital(RF), mln.USD
1
Glob.Revenue, mln.USD
23713
Hotels
10
Staff(RF), 2021
350
Taxes(RF), mln.USD
1

LLC changed its name, sold to a local legal entity.

The Company Statement
June 03, 2022

Since the spring of 2022, Hyatt, InterContinental, Marriott, CPI Hotels, Belmond, Sokos, Four Seasons, BWH and Wyndham have left the Russian market. "We have come to the conclusion that the recently announced US, UK and EU restrictions will make it impossible for Marriott or hotel franchising to operate in the Russian market. Therefore, we decided to suspend all Marriott International operations in Russia. The process of suspending operations in the market, where Marriott has been operating for 25 years, is complex."

July 01, 2024The Four Points by Sheraton hotel located in Kaluga will operate as Azimut
September 01, 2023The share of hotels managed by international chains in the Russian Federation decreased to 60%
March 10, 2022Marriott International Statement
The world's largest hotel company leaves Russia
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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