Marriott, Hyatt Joining Forces on Internet for Hotel Supplies Venture Puts Area Firms in a Strategic Bind
Comerford, Mike, Daily Herald (Arlington Heights, IL)
The teaming up of rivals Marriott International Inc. and Chicago-based Hyatt Corp. to form an online exchange for hotel supplies has local hotel firms considering a change in plans.
"I'm about as happy as if a hotel moved in next to mine," said Stan Suboleski, vice president of product development for Allied Hospitality Group, a hotel supplier and chain of 23 hotels based in Des Plaines. "Because on the Internet, everyone (in the industry) is our neighbor."
Bethesda, Md.-based Marriott and Pritzker family-owned Hyatt said Tuesday they are embarking on the new business, expected to be located in the Washington, D.C., area. Already accounting for about 10 percent of …
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Publication information: Article title: Marriott, Hyatt Joining Forces on Internet for Hotel Supplies Venture Puts Area Firms in a Strategic Bind. Contributors: Comerford, Mike - Author. Newspaper title: Daily Herald (Arlington Heights, IL). Publication date: May 3, 2000. Page number: 1. © 2009 Paddock Publications. COPYRIGHT 2000 Gale Group.
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