Marriott has a lot of money in the world of technology.
The hotel chain, which is a member of the Walt Disney Co., has invested in tech companies including Amazon.com Inc., Netflix Inc. and Spotify Inc. It also has invested heavily in the music industry.
The company’s investment in Uber Technologies Inc. in September was the first major investment in the ride-hailing service, and the $1.1 billion deal is part of a broader $500 billion investment.
The investment in Spotify has been lauded as the first big tech investment in music in the United States.
It has a massive audience on the service, with nearly 70 million monthly users.
The Spotify deal has drawn criticism from music fans and musicians, who say the deal is not as big as they hoped.