(December 3, 2008) - Marriott International Senior Vice President Norman Jenkins is launching his own company, Capstone Development, after 16 years at Marriott, the Washington Business Journal reported. Capstone Development will develop hotel property in the mid-Atlantic and urban markets.
In 2005, Jenkins and Marriott launched the Diversity Ownership Initiative with a goal to increase hotel ownership rates in the D.C. area. The project hopes to have 500 hotels that are operated, owned or being developed by women and minority groups by 2010.
Under Jenkins’ leadership, Marriott joined forces with Bob Johnson, the first Black billionaire in the United States and founder of Black Entertainment Television, and his hotel group RLJ Hotels, in 2006 to acquire 90 Marriott hotels.
Jenkins is Bethesda, Md.-based Marriott International’s senior vice president of North American lodging development. In April, Jenkins received the Washington Business Journal’s minority business leader award.
Back in April, Marriott International Inc. Senior Vice President Norman Jenkins received a Washington Business Journal Minority Business Leader Award. Now, after 16 years at Marriott, Jenkins is heading out on his own, launching Capstone Development to develop hotel properties in mainly the mid-Atlantic and urban markets.
Jenkins holds a B.B.A. in accounting from Howard University, an M.B.A. from George Washington University and is a certified public accountant.