Marriott International acquired the listed company Renaissance Hotel Group N.V. in 1997 from Chow Tai Fook Group and its associate company New World Development. Marriott International also privatized Renaissance Hotel Group. At that time Renaissance Hotel Group owned the brands Renaissance Hotels and Ramada International, etc. Marriott International and New World Development also signed an agreement to manage New World Development's owned hotel, such as New World Courtyard Hotel, Beijing (later known as The Courtyard by Marriott Beijing), Renaissance Hong Kong Harbour View Hotel in the Hong Kong Convention and Exhibition Centre, etc. Some of the management contracts had expired in the 2010s.