
Residence Inn is an extended-stay hotel brand owned by Marriott International, Inc. (NASDAQ: MAR). Jack DeBoer founded the brand in Wichita, Kansas, in 1975, pioneering the extended-stay category with suites featuring full kitchens. Marriott acquired the brand in 1987. Residence Inn operates approximately 900 properties, primarily in North America.
Parent Company
Acquired
1987
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Residence Inn | Marriott International | Wholly owned |
Jack DeBoer founded The Residence Inn in Wichita, Kansas, in 1975. A developer who had built apartments and hotels, DeBoer recognized an unserved market: travelers on long assignments who needed more than a hotel room but less than an apartment lease. His solution was a suite with a full kitchen, separate living space, and residential-style amenities including grocery shopping service and social hours.
The concept essentially invented the extended-stay hotel category. DeBoer expanded The Residence Inn through the late 1970s and 1980s, establishing the template of residential-style suites with kitchens that the entire segment later adopted.
Marriott acquired the brand in 1987, giving the company an early and permanent lead in extended stay. Under Marriott, Residence Inn scaled from a regional pioneer into the segment's dominant brand, growing through the 1990s and 2000s into a national network covering virtually every significant US market.
DeBoer went on to found additional hotel brands including Candlewood Suites, which competes with his original creation, but Residence Inn retained its category leadership under Marriott ownership.
The brand modernized through periodic redesigns updating its suite interiors and public spaces, including the addition of the Mix social events, outdoor gathering spaces, and refreshed kitchens. As of 2026, Residence Inn operates approximately 900 properties and remains the largest extended-stay brand in the Marriott portfolio and among the largest in the industry.
What does Marriott International own?
Marriott International owns over 30 hotel brands including The Ritz-Carlton, St. Regis, W Hotels, JW Marriott, Marriott Hotels, Sheraton, Westin, Courtyard, Fairfield, Residence Inn, Moxy, and City Express by Marriott. The company operates approximately 9,500 properties in 140-plus countries and territories. However, Marriott owns very few of the physical hotel buildings. Approximately 99% of properties are managed or franchised for third-party owners. Marriott also owns the Marriott Bonvoy loyalty program with over 230 million members.
Is Marriott International publicly traded?
Yes, Marriott International, Inc. is listed on NASDAQ under the ticker MAR. The company has been publicly traded since 1953. The Marriott family retains a significant but non-controlling ownership stake. Major institutional shareholders include Vanguard Group, BlackRock, and State Street. The company has a single-class share structure with one vote per share.
Who founded Marriott International?
Marriott was founded by J. Willard Marriott and his wife Alice Marriott, who opened a root beer stand in Washington, D.C. in 1927. The company entered the hotel business in 1957 with the Twin Bridges Motor Hotel in Arlington, Virginia. J. Willard Marriott handed leadership to his son Bill Marriott in 1972. Marriott International was created in 1993 when Marriott Corporation split into Marriott International (hotels) and Host Marriott (real estate).
Where is Marriott International headquartered?
Marriott International is headquartered in Bethesda, Maryland, USA, near Washington, D.C. The company's global headquarters is located at 7750 Wisconsin Avenue, Bethesda, Maryland. The company operates approximately 9,500 properties in 140-plus countries and territories worldwide.
How many hotels does Marriott operate?
As of 2025, Marriott operates approximately 9,500 properties with over 1.7 million rooms across 140-plus countries and territories. The company has a development pipeline of approximately 3,800 properties and 590,000 rooms, representing significant future growth. Over half of the development pipeline is in international markets.
What is Marriott Bonvoy?
Marriott Bonvoy is Marriott International's loyalty program, with over 230 million members as of 2025. The program was formed in 2019 by merging Marriott Rewards, The Ritz-Carlton Rewards, and Starwood Preferred Guest (SPG) following the 2016 Starwood acquisition. Members earn points on stays at Marriott properties, which can be redeemed for free nights, room upgrades, and other benefits. The program also includes co-branded credit cards with JPMorgan Chase and American Express.
Who is the CEO of Marriott International?
Anthony Capuano is the President and CEO of Marriott International, a position he has held since February 2021. He succeeded Arne Sorenson, who passed away from pancreatic cancer in February 2021. Capuano had been with Marriott for over 25 years before becoming CEO. The board of directors is chaired by David Marriott, grandson of founder J. Willard Marriott.
Residence Inn operates under Marriott International's Serve360 sustainability platform, which commits the parent to net-zero emissions by 2050. The residential format's in-suite kitchens reduce single-use packaging associated with restaurant service, and properties implement Marriott's energy, water, and waste standards.
The brand holds no independent sustainability certification. Marriott publishes an annual sustainability report with verified emissions data covering all brands.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Marriott International | USA | 1997 | Mass market | United states | All Genders | |
| Marriott International | USA | 1983 | Mass market | Global | All Genders | |
| Marriott International | USA | 2008 | Mass market | United states | All Genders | |
| Marriott International | USA | 1987 | Mass market | Global | All Genders | |
| Marriott International | USA | 1977 | Premium | United states | All Genders | |
| Marriott International | USA | 1997 | Premium | Asia pacific | All Genders |
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Market Positioning: Residence Inn competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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