Marriott Hotels: the international hotel chain is committing $1 billion to attract more minority partners.Marriott International Marriott International, Inc. (NYSE: MAR) is a worldwide operator and franchisor of a range of value and luxury hotels and related lodging facilities. Marriott currently has 2,300 accommodation properties in North America alone. is on a mission to increase the number of minority vendors with whom it does business. Since the formal launch of its Diversity Outreach Outreach is an effort by an organization or group to connect its ideas or practices to the efforts of other organizations, groups, specific audiences or the general public. Initiative earlier this year, Marriott is creating greater opportunities for minority suppliers, customers, owners, and franchisees. Last year, the multinational corporation multinational corporation, business enterprise with manufacturing, sales, or service subsidiaries in one or more foreign countries, also known as a transnational or international corporation. These corporations originated early in the 20th cent. spent more than $210 million with approximately 10,000 minority- and women-owned businesses across the U.S. In fact, Marriott's commitment to global diversity earned the hotel and lodging chain a spot on BLACK ENTERPRISE's 30 Best Companies for Diversity list this year. Historically, it has been extremely difficult for small businesses--particularly minority-owned vendors--to compete with larger entities and win major service contracts with large and multinational organizations, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dave Sampson, senior vice president, of diversity initiatives for Marriott. He says one of the goals of Marriott's diversity outreach program is to simplify the process, including online registration. The Website for vendors to begin the process is marriott.com/corporateinfo/supplier. "Once registered at the site, prospective vendors can submit a detailed composite of their company and the services they are proposing to us," Sampson says. "We look for a detailed analysis of annual sales, company track record, and quality of the services they are trying to sell to us." One vendor who recently joined Marriott's growing list of minority con tractors is Kenneth Fearn, owner and managing partner of Integrated Capital L.L.C. in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . Earlier this year, the black owned real estate equity group purchased a Marriott Residence Inn in Columbia, Maryland Columbia is a census-designated place and planned community in Howard County, Maryland, United States. It is a suburb of Baltimore, and, to a lesser degree, Washington, DC. It began with the idea that a city could enhance its residents' quality of life. , for $14.2 million. Fearn says he was quick to respond when Marriott announced its aggressive diversity initiative. "We want to make the Atlantic region a key market for our company," says Fearn. As a franchise owner, Fearn, 39, says he will take an active role in ensuring that minority vendors are considered and awarded a fair share of service contracts with the hotel. Contact Marriott for questions or additional information about its supplier diversity Supplier Diversity is a business program that encourages the use of previously underutilized minority owned vendors as suppliers. It is not directly correlated with supply chain diversification, although utilizing more vendors may enhance supply chain diversification. program: Marriott International, Inc. Supplier Diversity Program Dept. 977. 70 Marriott Drive Washington, D.C., 20058 Phone: 877-276-0249 Website: www.marriott.com/ corporateinfo/supplier Fax: 301-380-1550 E-mail: MWBE MWBE Minority and Women-owned Business Enterprise MWBE Maximum Welch-Bound-Equality @Marriott.com What makes a supplier appealing to corporations looking to spend money with minority firms? Several of our 30 Best Companies for Diversity want you to know what products and services they're after. For supplier diversity tips from the experts, go to www.blackenterprise. com/supplierdiversity. |
|
||||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion