by Michael J. Shapiro | May 26, 2015
Tim Sheldon, currently Marriott International's global chief operations officer, has been named president of Marriott's Caribbean and Latin America region. He begins the new job in June. The former president of the region, Craig S. Smith, will become president and managing director of Marriott's Asia Pacific region, based in Hong Kong. Sheldon will work closely with Marriott owners and franchisees in his rapidly expanding region: The company's regional portfolio is expected to hit 100 properties this year and expand by another 50 by 2017. "We see tremendous development opportunity in established and emerging markets and are aggressively promoting travel both to and within the Caribbean and Latin America," noted Sheldon. Marriott's portfolio currently consists of 94 hotels in the region, across 24 countries and territories.