Right direction but still not accurate correct: most Marriott "properties" are just Marriott-licensed not even managed. Marriott sets the standards for operatio

Right direction but still not accurate correct: most Marriott "properties" are just Marriott-licensed not even managed. Marriott sets the standards for operation and provides access to its booking system, corporate accounts, rewards system, and some marketing. The actual business operation is a lot smaller than most people outside of hospitality realize. According to a recent SEC filing, they own 20 properties internationally, lease another ~40. They manage 2,149, and franchise 5,493. https://www.sec.gov/ix?doc=/Archives/edgar/data/0001048286/000162828021002433/mar-20201231.htm#i89d1b9e9f3f84b88ad458af651fd058f_25 https://www.sec.gov/ix?doc=/Archives/edgar/data/0001048286/0...