"We believe the division may be more successful in building on this position with new growth by operating independently from Marriott's hospitality businesses," says company chairman and CEO J.W. Marriott Jr. "We have begun an evaluation process to examine all the alternatives, including a spin-off to shareholders."
There are currently 156 such Marriott facilities, which offer independent and assisted living, as well as Alzheimer's and nursing care. The properties cover 30 states in the US. Marriott established Senior Living Services in 1986 and opened its first retirement communities 1989.
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