Who Owns Sheraton Hotels? All Your Questions Answered
You may be wondering who owns Sheraton Hotels. The short answer is that it is owned by Marriott International.
Although the story is simple there is more to it than that. Here is a look at the history of Sheraton Hotels and how it came to be owned by Marriott.
Marriott International's Ownership of Sheraton Hotels
Marriott International, one of the world's largest hotel chains, owns Sheraton Hotels. Sheraton is a global brand with locations in more than 70 countries.
Marriott acquired Sheraton in 2016 as part of its merger with Starwood Hotels & Resorts.
Sheraton is now one of Marriott's 30 hotel brands. Marriott also owns other hotel brands such as Ritz-Carlton, Westin, and W Hotels.
Marriott's Four Categories of Hotel Brands
Marriott International is one of the largest hotel companies in the world, with over 7,000 properties across 130 countries.
Marriott operates under four main categories of hotel brands:
- Luxury, Premium, Select, and Extended Stay. Within each category, there are multiple hotel brands, each with its own unique features and amenities.
- For example, the Luxury category includes brands like Ritz-Carlton and St. Regis, while the Extended Stay category includes brands like Residence Inn and TownePlace Suites.
- Marriott also owns several other hotel brands that do not fall into one of these four categories, such as Sheraton and Westin.
- While Marriott is the largest hotel company in the world, it is not the only one. Other large hotel companies include Hilton, InterContinental, and Hyatt.
Are the Sheraton Hotels Part of Marriott?
Sheraton Hotels are part of Marriott International, one of the world's largest hotel companies.
Marriott acquired Sheraton in 2016 for $13.6 billion. Sheraton has more than 400 hotels in over 70 countries and is Marriott's flagship brand.
Marriott also owns a number of other hotel brands, including Ritz-Carlton, Westin, and W Hotels.
Marriott's Expansion Plans for Sheraton Hotels
Marriott International announced plans to invest $500 million in Sheraton Hotels over the next three years.
The move is part of Marriott's overall strategy to position Sheraton as a global luxury brand.
The investment will go towards renovations, new guest experiences, and marketing initiatives.
In addition, Marriott will add more than 100 new Sheraton hotels to its portfolio.
This expansion will help Marriott achieve its goal of becoming the world's largest hotel company.
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