Marriott Subsidiary, The Ritz-Carlton Hotel Company, Charts Global Expansion Plan

The Ritz-Carlton Hotel Company, L.L.C. has announced a major expansion and development initiative which it expects will bring the total number of properties in their portfolio to over 100 around the world by 2016. Ranging from Morocco to Mexico, Cairo to Chicago, this strategic plan will expand the brand to urban capitals and emerging tourist destinations, and represents an investment of more than $2 billion by owners. The Ritz-Carlton Hotel Company, L.L.C. is a wholly-owned subsidiary of Marriott International, Inc. MAR.