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Marriott
Marriott traces its origins to 1927, when J. Willard Marriott and his wife Alice opened a root beer stand in Washington, D.C., which grew into a restaurant chain before the couple opened their first hotel, the Twin Bridges Motor Hotel, in 1957. The company grew substantially under J.W. Marriott Jr.'s leadership through both new construction and major acquisitions, and its 2016 acquisition of Starwood Hotels & Resorts for $13.6 billion created the largest hotel company in the world by number of rooms, combining Marriott's brands with Starwood's portfolio including Westin and Sheraton. Marriott Bonvoy, the company's unified loyalty program formed by merging several previously separate rewards programs following the Starwood acquisition, became one of the largest hotel loyalty programs in the world by membership, spanning more than 30 distinct hotel brands under one corporate umbrella. Marriott's combination of its origins as a root beer stand and its landmark Starwood acquisition creating the world's largest hotel company has made it one of the most commercially significant hospitality companies in history.
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Hilton
Hilton was founded in 1919 when Conrad Hilton purchased his first hotel, the Mobley Hotel in Cisco, Texas, and the company later became notable in 1943 as the first hotel chain to be listed on the New York Stock Exchange. Hilton's Caribbean Hilton in San Juan, Puerto Rico, opened in 1949, is widely credited as the first hotel built specifically as part of an international hotel chain expansion, marking Hilton's pioneering role in the globalization of American hospitality brands after World War II. The company was acquired in 2007 by private equity firm Blackstone in what was then the largest leveraged buyout in history, before Blackstone took Hilton public again in 2013 in one of the largest hotel industry initial public offerings ever conducted. Hilton's combination of its pioneering international expansion with the Caribbean Hilton and its record-setting private equity buyout and subsequent IPO has made it one of the most financially significant hotel companies in the history of the industry.
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