Arne Sorenson's tenure as CEO of Marriott International was marked by deals designed to grow the company into a global powerhouse in the hotel industry.

Since his appointment of president and CEO in 2012, the company's footprint more than doubled, growing from roughly 640,000 rooms across 13 hotel brands in early 2012 to more than 1.4 million rooms across 29 hotel brands today.

In the week Sorenson started as CEO, the firm's market capitalization was $12.39 billion, rising to $19.11 billion the week in 2015 when he announced Marriott intended to acquire Starwood Hotels & Resorts Worldwide. In January 2018, Marriott's market capitalization rose to $53.95 billion and today it stands at $48.3 billion.

Read the full article at HotelNewsNow (part of CoStar)