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Boss Files with Poppy Harlow

Bill Marriott: Building an American Dream

Boss Files with Poppy Harlow

CNN

Business, Entrepreneurship

4.6538 Ratings

🗓️ 4 September 2017

⏱️ 41 minutes

🧾️ Download transcript

Summary

Hotel mogul J.W. "Bill" Marriott Jr. has led his family business for the last 40 years, after founding it with his father back in 1957. He shares the advice he has carried on with him from President Eisenhower, the future of the Marriott brand, and today's political climate from the perspective of a longtime Washington D.C. family. Produced by Haley Draznin, CNN.To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

In this episode of Boss Files, it was $9 for the room, there's a dollar for every extra person in the car.

0:06.5

So the best thing for us was a family of four or five that pulled in. We got an extra four or five bucks.

0:11.5

Mr. Bill Marriott. You know his last name, you've stayed in his hotels.

0:17.5

How he helped his father turn a root beer stand into the world's largest hospitality

0:22.7

company.

0:23.7

I just came out on board from the Navy, and my father said to me, well, a hotel's not

0:30.3

doing well.

0:31.3

I said, why don't you let me run it?

0:32.1

He said, you know anything about the hotel business.

0:34.5

I said, neither is anybody else around here.

0:37.1

So he let me do it, and I took over the first hotel and we turned it around and then we added some more.

0:42.3

Now we're up to 6,000 hotels.

0:44.3

Also, how he defines success today at age 85 and competing against the likes of Airbnb.

0:52.3

And on politics, why he calls today's political climate very

0:56.8

unfortunate, and amidst running for office never appealed to him. Here's my conversation with

1:03.3

Bill Marriott. Bill Marriott, Jr., thank you for being here. Thank you. Delight to be your

1:07.9

puppy. I now know where the hotel brand J.W. Marriott comes from. Well, that one was named for my dad. Right, and you carry on the initials. It was a funny story about that because we were opening a hotel in Washington about six blocks from where he opened his first root beer stand. And I said, let's name it the J.W. Marriott because it's so close to where he started the business.

1:30.3

And I didn't tell him about it.

1:31.3

And I invited him in the opening and he saw his name up there, J.W. Marriott and lights.

1:36.3

He says, what's that doing here?

1:38.3

I said, we named the hotel for you. Why did you do that?

1:41.3

I said, because you started a business just up the street.

...

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