Marriott International, Inc. operates, franchises, and licenses hotels and corporate housing properties worldwide. The company operates and franchises hotels and resorts under various brands, including Marriott Hotels & Resorts, JW Marriott, Renaissance Hotels, Autograph Collection, Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, The Ritz-Carlton, Bulgari Hotels & Resorts, and EDITION, as well as AC Hotels by Marriott. It also licenses the development, operation, marketing, and sale of vacation ownership properties under the Marriott Vacation Club, Grand Residences by Marriott, Ritz-Carlton Destination Club, and Ritz-Carlton Residences brands to the Marriott Vacations Worldwide Corporation. In addition, the company operates Marriott Executive Apartments that provide temporary housing for business executives; and Marriott conference centers. As of December 30, 2011, it operated, franchised, or licensed 3,718 lodging properties with 643,196 rooms that include 32 home and condominium products with 3,838 units, as well as provided 2,166 furnished corporate housing rental units. The company was founded in 1971 and is headquartered in Bethesda, Maryland.