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marriott (DOC)

VIEWS: 258 PAGES: 27


                       PROJECT BY:

                            NAME: MALIK R. KHAN
                            ROLL NO.: 72
                            S.Y.BBA SEM 4
                            DIV A
Marriott was founded by J. Willard Marriott 1927 when he and his wife opened a root beer stand
in Washington D.C.. As a missionary in the sweltering, humid summers in Washington, Marriott
was convinced that what the city needed was such a place to get a cool drink. They later
expanded their enterprises into a chain of restaurants and hotels.

Marriott hotel located at Tampa International Airport, taken from top level of parking garage

The Key Bridge Marriott in Arlington, Virginia is Marriott International‘s longest operating
hotel, and celebrated its 50th anniversary in 2009. Their son and current Chairman and Chief
Executive Officer, J.W. (Bill) Marriott, Jr. has led the company to spectacular worldwide
growth. Today, Marriott International has about 3,150 lodging properties located in the United
States and 67 other countries and territories.

Marriott International was formed in 1992 when Marriott Corporation split into two companies,
Marriott International and Host Marriott Corporation.

In 2002 Marriott International began a major restructuring by spinning off many Senior Living
Services Communities (which is now part of Sunrise Senior Living) and Marriott Distribution
Services, so that it could focus on hotel ownership and management. The changes were
completed in 2003.
Marriott International headquarters in the Bethesda area of unincorporated Montgomery
County, Maryland, United States

Singapore Marriott Hotel
In April 1995, Marriott International acquired a 49% interest in the Ritz-Carlton Hotel Company
LLC. Marriott International believed that it could increase sales and profit margins at the Ritz, a
troubled chain with a significant number of properties either losing money or barely breaking
even. The cost of Marriott's initial investment was estimated to be about $200 million in cash and
assumed debt. The next year, Marriott spent $331 million to take over the Ritz-Carlton
Atlanta and buy a majority interest in two properties owned by William Johnson, a real estate
developer who had purchased theBoston Ritz Carlton in 1983 and expanded his Ritz holdings
over the next twenty years.

The Ritz began expansion into the lucrative timeshare market among other new initiatives made
financially possible by the deep pockets of Marriott, which also lent its own in-house expertise in
certain areas. There were other benefits for Ritz-Carlton flowing from its relationship with
Marriott, such as being able to take advantage of the parent company's reservation system and
buying power. The partnership was solidified in 1998 when Marriott boosted its interest in Ritz-
Carlton to 99 percent. By 1999 revenues from the 35 hotels it operated around the world totaled
about $1.4 billion.

Marriott International owned Ramada International Hotels & Resorts until its sale on September
15, 2004 to Cendant. It is the first hotel chain to serve food that is completely free of trans fats at
all of its North American properties.

In 2005, Marriott International and Marriott Vacation Club International comprised two of the 53
entities that contributed the maximum of $250,000 to the second inauguration of
President George W. Bush.

On July 19, 2006, Marriott announced that all lodging buildings they operate in the United States
and Canada would become non-smoking beginning September 2006.

Founded in 1927, Marriott
International Inc is one of the world‘s largest hospitality groups with over 3,000 lodging
properties, 17 brands and more than 151,000 employees. The company‘s sustainability goals are
outlined in its five-point global environmental strategy that focuses on:
· Environmentally sustainable operations and management
· Supply chain
· Green buildings
· Ecological, cultural, and natural preservation
· Employee and guest engagement.
Company information

Marriott International Inc A was organized as a corporation in Delaware in 1997 and became a
public Company in 1998. The Company is a worldwide operator and franchisor of hotels and
related lodging facilities. It is a worldwide operator and franchisor of 2,741 hotels and related
facilities. Its operations are grouped into five business segments: Full-Service Lodging, Select-
Service Lodging, Extended-Stay Lodging, Timeshare and Synthetic Fuel. In the Company's
Lodging business, it operates, develops and franchises under 13 separate brand names in 67
countries and territories. Marriott also operates and develops Marriott timeshare properties under
four separate brand names. The Company earns base, incentive and franchise fees based upon the
terms of its management and franchise agreements. Revenues are also generated from the
following sources associated with the Company's Timeshare segment: selling timeshare intervals
and personal residences, operating the resorts and financing customer purchases of timesharing
intervals. In addition, the Company earns revenues from the limited number of hotels it owns and
leases and the Company earns revenues and generates tax credits from its synthetic fuel
operations. Marriott is a diversified hospitality Company with operations in five business
segments: Full-Service, which includes Marriott Hotels & Resorts, The Ritz-Carlton,
Renaissance Hotels & Resorts and Bulgari Hotels & Resorts; Select-Service, which includes
Courtyard, Fairfield Inn and Springhill Suites; Extended-Stay, which includes Residence Inn,
Towne Place Suites, Marriott Execute stay and Marriott Executive Apartments; Timeshare,
which includes the development, marketing, operation and sale of timeshare, fractional, and
whole ownership properties under the Marriott Vacation Club International, The Ritz-Carlton
Club, Grand Residences by Marriott and Horizons by Marriott Vacation Club brands; and
Synthetic Fuel, which includes the Company's interest in the operation of coal-based synthetic
fuel production facilities

Marriott initially focused its sustainability efforts through its ECHO programme
(Environmentally Conscious Hospitality Operations). ECHO focused on water and energy
conservation, clean air, recycling, wildlife preservation and neighbor hoods clean-ups. Through
this program , it replaced 450,000 incandescent light bulbs with fluorescent lighting, introduced
linen re-use systems, and installed 400,000 low-flow showerheads and toilets at its hotels
worldwide. Marriott has also reduced water usage by more than 15% over the last five years. In
the USA – its largest market – Marriott has the greatest number of US Environmental Protection
Agency ‗Energy Star‘ certified hotels of any hotel company to date. Since 2001, all 720US full-
service hotels have been benchmarked for best practices, and 275 have secured the Energy Star
label. Thirty-four of the company‘s managed golf courses at 25 locations
Throughout the USA, Canada and the Caribbean are Certified Audubon Cooperative Sanctuaries,
protecting the environment by enhancing precious natural areas and wildlife habitats. In 2007,
Marriott began a partnership with Conservation International to map the company‘s carbon
footprint and develop a five-point environmental
strategy for full sustainability. It includes:
· Carbon offsets through the protection of rainforest
· Further reductions in fuel and water consumption – by 25% per available room over the next
ten years – as well as the installation of solar power in up to 40 hotels by 2017
· Engaging the company‘s top 40 vendors to supply greener products across 12 categories of
Marriott‘s US$10 billion supply chain
· Creation of green construction standards for hotel developers to achieve LEED certification
from the US Green Building Council
· Educating and inspiring company employees and guests to support the environment, including
through green meetings and events. The plan is part of Marriott‘s long-term system-wide
environmental policy and focuses on efforts to reduce and offset Marriott‘s global footprint,
which was calculated at 3 million metric tons of CO2 emissions annually – or 69.5 pounds per
available room. The calculation was certified in autumn 2008 to Climate, Community and
Biodiversity (CCB) Standards.
Marriot has a company Global Green Council in place to advance its sustainability initiatives.
Nowhere is this better demonstrated than in its US$2 million investment in the Amazonas
Sustainable Foundation which, together with the State of Amazonas in Brazil, helped to
establish, monitor and enforce the protection of 1.4 million acres (589,000 hectares) of
endangered rainforest in the Juma Sustainable Development Reserve. The Juma Project acts as a
sink for carbon emissions through the avoided deforestation of old growth rainforest until 2050.
Additional benefits include forest conservation, an improved quality of life for the local
population, and biodiversity protection.
Marriott‘s ongoing sustainability efforts are helping to set new standards for conservation and
environmental stewardship within the global hotel industry.
Marriott‘s company-wide energy management system requires uniform auditing and inspection
for each of its properties.
Marriott collects information through a bimonthly hotel audit, called an Energy Awareness
Measure, and daily Routine Inspection Reports which ensure that all properties are actively
involved in the company‘s energy conservation action plan.
At the end of each quarter, the individual property‘s General Manager and Energy Conservation
Committee meet to review the audit forms and inspection reports that have been filed over the
previous three months.
To date, this method has resulted in an annual US$4.5 million dollar savings to Marriott,
demonstrating that energy conservation also has a valuable return on investment for the

Marriott International, Inc., (NYSE: MAR) is a leading
lodging company with more than 3,000 lodging properties
in the United States and 67 other countries and territories.
Marriott Lodging operates and franchises hotels under the
following brands:

Marriott Hotels & Resorts >>
                 Flagship brand of quality-tier, full-
                  service hotels & resorts
                 Provides consistent, dependable, and
                  genuinely caring experiences to
                  guests on their terms
                 521 Marriott Hotels & Resorts
                  locations worldwide; 343 US, 178
                         Features include:
                   - Fully equipped fitness centers
                   - Gift shops
                   - Swimming pools
                   - Concierge levels
                   - Business centers
                   - Meeting facilities
                   - High-speed Internet access is
                  available at many hotels

JW Marriott Hotels & Resorts >>
                   Most elegant and luxurious Marriott
                   Provides business and leisure
                    travelers a deluxe level of comfort
                    and personal service on their terms
                   39 JW Marriott Hotels worldwide; 16
                    US, 23 international

Renaissance Hotels >>
                 Quality-tier full-service brand
                  providing guests with the ambiance of
                  a boutique
                 Brand signatures include interior
                  design, a "street" restaurant and savvy
               Features include:
                 - Business library and center
                 - Swimming pool
                 - Fitness centers
                 - Conference and banquet facilities
                       143 Renaissance Hotels,
                Resorts and Suites; 75 US, 68

EDITION Hotels >>
                  This is the latest edition of luxury
                  boutique hotels and the perfect
                  combination of energetic atmosphere,
                  attitude and style. Each property is
                  distinctive and designed by award-
                  winning hotelier Ian Schrager. And,
                  of course, each EDITION hotel is
                  located in the most attractive
                  destinations around the world.

Autograph Collection >>
                  The Autograph Collection is a diverse
                  collection of high-personality
                  independent hotels. It plugs you into
                  fresh, inventive and positively unique
                  experiences only an independent can
                  deliver. Plus, it's the only collection
                  where you can book a stay via
         and earn and redeem
                  Marriott Rewards.

Courtyard by Marriott >>
               Courtyard offers travelers the choices
                and options that let them make the
                most of their time on the road
               More than 800 Courtyard by Marriott
                locations worldwide in over 28
               Features include:
               Guest rooms with large, well-lit work
                  desks and ergonomic chairs.
                 Courtyard Suites® larger rooms
                  available as well.
                 Free Wi-Fi in public spaces (North
                  and Central America only).
                 Free high-speed Internet access and
                  plush bedding in all guest rooms.
                 24/7 access to food at The Market
                 Business library and on-site business
                 Meeting space
                 Outside courtyard and patio area
                 Invigorating fitness room
                 Relaxing pool

Residence Inn by Marriott >>
                 Designed to provide travelers with
                  everything they need to thrive on long
                 Over 580 Residence Inn by Marriott
                  locations worldwide
                 Enjoy lower rates for longer stays
                 Features include:
                 Spacious suites with separate living
                  and sleeping areas
                 Fully equipped kitchens
                 Free grocery delivery service
                 Free WiFi and in-room high-speed
                  internet access
                 Inviting outdoor spaces including
                  Sport Court®, swimming pool and
                  barbeque areas
                 Free evening hospitality hours
                 Complimentary hot breakfast

Fairfield Inn & Suites by Marriott >>

                 Provides business and leisure
                  travelers with everything they need at
                  an exceptional value
                 More than 590 Fairfield Inn and
                  Fairfield Inn & Suites locations in the
                  U.S., Canada and Mexico
                 Features include:
                 Friendly and helpful staff to provide
                  all the assistance you need
                 Free, hot breakfast featuring healthy
                 Complimentary high-speed internet
                  service in rooms and Free WiFi in the
                 Comfortable beds to help you awake
                  refreshed and ready to go
                 Easy to earn Marriott Rewards for free
                  nights or free flights
                 It's all backed by a name you can
                  believe in: Marriott

Marriott Conference Centers >>
                 Quality-tier brand specializing in
                  highly effective small- to mid-sized
                 13 Marriott Conference Centers in the
                 Properties provide:
                   - The latest audiovisual
                  communications technology
                   - Experiential learning facilities
                   - Gourmet conference dining
                   - Golf
                   - Recreational/fitness venues

TownePlace Suites by Marriott >>
               Mid-priced, extended-stay brand
               Provides all the conveniences of home
                in a residential atmosphere
               Launched in 1997
               145 TownePlace Suites by Marriott
                locations in the US
SpringHill Suites by Marriott >>
               All-suite hotel offering inspiring style
                at an affordable price
               More than 230 SpringHill Suites by
                Marriott locations worldwide
               Features include:
               Complimentary daily breakfast buffet
                 Spacious guest suites with separate
                  areas for sleeping, working and
                 In-suite microwave and mini-fridge
                 Pull-out sofa bed
                 Free Wi-Fi in public spaces and free
                  high-speed internet access in all guest
                 Relaxing pool and whirlpool/spa
                 Invigorating fitness room
                 Lobby computer and on-site business
                 24/7 access to food and beverages in
                  The Market

Marriott Vacation Club® >>

               Marriott Vacation Club is the
                recognized global leader in timeshare,
                providing nearly 400,000 families
                with a lifetime of unforgettable
                vacations and an exceptional standard
                of service.
               Choose from more than 50 resorts in
                some of the most desirable beach,
                golf and ski destinations worldwide.
               Spacious 1-, 2- and 3-bedroom villa
                accommodations offer all the
                conveniences of home.
               Owners have the option to trade for
                Marriott Rewards® points, or
                exchange through membership in
                Interval International® for access to
                more than 2,400 resorts in 75
                countries around the world
The Ritz-Carlton Hotel Company, L.L.C. >>
                 Worldwide symbol for the finest in
                  accommodations, dining, and service
                 Twice a recipient of the Malcolm
                  Baldrige National Quality Award
                 Over 70 Ritz-Carlton hotel and resort
                  locations worldwide
                 Hotels and resorts offer signature
                  service amenities
                 Fine dining
                 24-hour room service
                 Twice-daily housekeeping
                 Fitness centers
                 Business centers
                 Concierge services
The Ritz-Carlton Destination Club >>

                         The Ritz-Carlton Destination
                  Club is an equity-based luxury
                  vacation program
                         Members select either a Home
                  Club Membership which provides use
                  of a residence at a property they can
                  return to every year, or a Portfolio
                  Membership which affords the
                  opportunity to discover a wide variety
                  of worldwide locations and
Marriott ExecuStay >>
               Fully furnished corporate housing to
                executives and travelers who need
                temporary accommodations for a
                month or longer
               Features include:
                  - Well-maintained properties in
                convenient locations
                  - Flexible lease terms and options
                  - Consistently high level of service
                  - Competitive pricing
               Individually selected, attractively
                furnished and customized to satisfy
                each individual's needs
               ExecuStay apartments are managed in
                45 major markets

Marriott Executive Apartments >>
                 Corporate housing brand designed to
                  meet the needs of business executives
                  on an overseas assignment of 30 days
                  or more
                 Offer travelers residential
                  accommodations with hotel-like
                 18 Marriott Executive Apartments

Hotel Directory — All Brands

Country                   US State

 Argentina                 Alabama
 Armenia                   Alaska
 Aruba                     Arizona
 Australia                 Arkansas
 Austria                   California
 Bahrain                   Colorado
 Belgium                   Connecticut
 Brazil                    Delaware
 Canada                    District of Columbia
 Cayman Islands            Florida
 Chile                     Georgia
 China                     Hawaii
 Colombia                  Idaho
 Costa Rica                Illinois
 Curacao                   Indiana
 Czech Republic            Iowa
 Denmark                   Kansas
 Dominican Republic        Kentucky
 Ecuador                   Louisiana
 Egypt                     Maine
 El Salvador               Maryland
 France                    Massachusetts
 Georgia                   Michigan
 Germany                   Minnesota
 Ghana                     Mississippi
 Greece                    Missouri
 Guam                      Montana
 Honduras                  Nebraska
 Hungary                   Nevada
 India                     New Hampshire
 Indonesia                 New Jersey
 Ireland                   New Mexico
 Israel                    New York
 Italy                     North Carolina
 Japan                     North Dakota
 Jordan                       Ohio
 Kazakhstan                   Oklahoma
 Kuwait                       Oregon
 Malaysia                     Pennsylvania
 Mexico                       Rhode Island
 Netherlands                  South Carolina
 Oman                         South Dakota
 Pakistan                     Tennessee
 Panama                       Texas
 Peru                         Utah
 Philippines                  Vermont
 Poland                       Virginia
 Portugal                     Washington
 Puerto Rico                  West Virginia
 Qatar                        Wisconsin
 Romania                      Wyoming
 Saudi Arabia
 South Korea
 St. Kitts and Nevis
 Trinidad & Tobago
 United Arab Emirates
 United Kingdom
 Virgin Islands (US)


Marriott Hotels
Renowned for its "spirit to serve," consistent quality and genuine care, Marriott Hotels is the
most trusted name in accommodations. For business, leisure or group events, Marriott Hotels
and Resorts will meet your every need by providing business centers, room service, concierge
services and more. Whether you are traveling across the state or across the globe, you can
make the most of your travel with Marriott Hotels & Resorts.

Country                     US State
Argentina        Alabama
Armenia          Alaska
Aruba            Arizona
Australia        California
Austria          Colorado
Belgium          Connecticut
Brazil           District of Columbia
Canada           Florida
Cayman Islands   Georgia
Chile            Hawaii
China            Illinois
Colombia         Indiana
Costa Rica       Iowa
Curacao          Kansas
Czech Republic   Kentucky
Denmark          Louisiana
Ecuador          Maine
Egypt            Maryland
France           Massachusetts
Georgia          Michigan
Germany          Minnesota
Ghana            Mississippi
Greece           Missouri
Guam             Nebraska
Honduras         Nevada
Hungary          New Hampshire
India            New Jersey
Indonesia        New Mexico
Ireland          New York
Italy            North Carolina
Japan            Ohio
Jordan           Oklahoma
Kazakhstan       Oregon
Kuwait           Pennsylvania
Malaysia         Rhode Island
Mexico           South Carolina
Netherlands      Tennessee
Oman             Texas
Pakistan         Utah
Panama           Virginia
Peru             Washington
Philippines      West Virginia
Poland           Wisconsin
Puerto Rico
 Saudi Arabia
 South Korea
 St. Kitts and Nevis
 United Arab Emirates
 United Kingdom
 Virgin Islands (US)

Renaissance Hotels
Featuring distinctive decors, imaginative dining and attentive service in fantastic destinations around
the world, at Renaissance Hotels and Resorts we will delight your senses and inspire your
imagination. See our list of Renaissance Hotels & Resorts below and discover the stylish way to

Country                      US State

 Aruba                        Alabama
 Austria                      Arizona
 Belgium                      California
 Brazil                       Colorado
 Canada                       District of Columbia
 China                        Florida
 Curacao                      Georgia
 Dominican Republic           Illinois
 Egypt                        Indiana
 France                       Iowa
 Germany                      Louisiana
 India                        Maryland
 Ireland                      Massachusetts
 Israel                       Michigan
 Italy                        Minnesota
 Japan                        Missouri
 Kazakhstan                   Nevada
 Malaysia                     New Jersey
 Netherlands                  New York
 Portugal                     North Carolina
 Puerto Rico                  Ohio
 Qatar                        Oklahoma
 Russia                       Pennsylvania
 South Korea                  Rhode Island
 Spain                        South Carolina
 Sweden                       Tennessee
 Switzerland                  Texas
 Thailand                     Virginia
 Turkey                       Washington
 United Arab Emirates
 United Kingdom

Courtyard Hotels
Courtyard is the smart, dynamic hotel that helps travelers make the most of their time on the road.
With over 800 hotels worldwide, Courtyard provides helpful staff, free Wi-Fi* in public spaces and
free high-speed Internet access, plush bedding and ergonomic work spaces in all guest rooms.
Business libraries, 24-hour access to food and freshly cooked-to-order breakfasts; Courtyard has it all.
*Available in North and Central America only.

Country                      US State

 Australia                    Alabama
 Austria                      Alaska
 Belgium                      Arizona
 Canada                       Arkansas
 China                        California
 Costa Rica                   Colorado
 Czech Republic               Connecticut
 Dominican Republic           Delaware
 Ecuador                      District of Columbia
 El Salvador                  Florida
 France                       Georgia
 Georgia                      Hawaii
 Germany                      Idaho
 Hungary                      Illinois
 India                        Indiana
 Ireland                      Iowa
 Italy                        Kansas
 Japan                        Kentucky
 Kuwait                       Louisiana
 Mexico                       Maine
 Netherlands                  Maryland
 Panama                       Massachusetts
 Poland                       Michigan
 Puerto Rico                 Minnesota
 Qatar                       Mississippi
 Russia                      Missouri
 South Korea                 Montana
 Suriname                    Nebraska
 Sweden                      Nevada
 Switzerland                 New Hampshire
 Thailand                    New Jersey
 Trinidad & Tobago           New Mexico
 Turkey                      New York
 United Arab Emirates        North Carolina
 United Kingdom              Ohio
                             Rhode Island
                             South Carolina
                             South Dakota
                             West Virginia

Extended Stay Hotels
More home than hotel, Residence Inn extended stay hotels provide everything you need to help you
maintain a balance between work and life – even on the road. Featuring spacious suites with full kitchens,
complimentary hot breakfast and evening social hours, you can enjoy home-like comforts at every
Residence Inn extended stay hotel.

Country                   US State

 Canada                    Alabama
 Costa Rica                Alaska
                           District of Columbia
                           New Hampshire
                           New Jersey
                           New Mexico
                           New York
                           North Carolina
                           Rhode Island
                           South Carolina
                           South Dakota
                           West Virginia

Fairfield Inn & Suites Hotels
Discover Fairfield Inn business travel hotels and enjoy our most affordable welcome on the road. With
bright, fresh, clean rooms and Marriott‘s award-winning hospitality at a price that will make you smile,
Fairfield Inn business travel hotels makes life on the road comfortable – and easy on your budget.
Country   US State

Canada     Alabama
Mexico     Alaska
           District of Columbia
           New Hampshire
           New Jersey
           New Mexico
           New York
           North Carolina
           North Dakota
           Rhode Island
           South Carolina
           South Dakota
                           West Virginia

Marriott Conference Centers Hotels
Host your next meeting at Marriott Conference Center hotels and allow our superior services and
expertise help you create a successful, productive event. With Marriott Conference Center hotels in easy-
to-reach locations, plus an array of services and amenities designed to meet the exacting demands of
business people, our facilities offer everything you need to put your best foot forward.

Country                    US State


Marriott Vacation Club Hotels
Make every vacation the perfect vacation with Marriott Vacation Club hotels. Featuring resort
ownership in premier destinations worldwide, the option to exchange vacations at other great
Marriott locations, and our award-winning services and amenities, you can travel the world in
comfort and style. Marriott Vacation Club hotels offer guests exceptional one-, two- and three-
bedroom villas with spacious living and dining areas, master bedroom and bath, private balcony,
full kitchen and washer/dryer.

Country                    US State

 Aruba                      Arizona
 France                     California
 Spain                      Colorado
 St. Kitts and Nevis        Florida
 Thailand                   Hawaii
 United Kingdom             Massachusetts
 Virgin Islands (US)        Missouri
                            New Jersey
                            South Carolina

Autograph Collection Hotels
The Autograph Collection is a diverse collection of high-personality independent hotels. It plugs you
into fresh, inventive and positively unique experiences only an independent can deliver. Plus, it's the
only collection where you can book a stay via and earn and redeem Marriott Rewards.

Country                      US State

                              New Mexico
                              North Carolina

New Hotels
Country                       US State

 Canada                        Alabama
 China                         Arizona
 Colombia                      California
 Germany                       Colorado
 Ghana                         Florida
 Hungary                       Georgia
 India                         Hawaii
 Kazakhstan                    Idaho
 Oman                          Illinois
 Qatar                         Indiana
 Russia                        Kentucky
 Sweden                        Louisiana
 Switzerland                   Maryland
 Thailand                      Massachusetts
 United Kingdom                Michigan
                               New Hampshire
                               New Jersey
                               New Mexico
                               New York
                               North Carolina
                              South Carolina
                              West Virginia


Marriott is to more than triple its hotel brands portfolio in India by year end 2010 as the
company's presence in the country grows to encompass 21 properties, six lodging brands ranging
from luxury to upper-moderate categories, and an additional 3,324 rooms

Included in the expansion are three JW Marriott Hotels & Resorts properties and one Ritz-
Carlton hotel in the luxury tier; one Marriott Hotels & Resorts hotel and one Renaissance Hotels
& Resorts property in the upscale, deluxe category; one Marriott Executive Apartments property
for extended-stay travelers; and eight Courtyard by Marriott hotels in the upper-moderate

Recently announced are six hotels, all of which are expected to open in 2009. They join nine
previously announced properties that are soon to start, or are currently under construction in
Bangalore, Gurgaon, Hyderabad, Kolkata, Mumbai, Noida and Pune. In addition, the existing
286-room Renaissance Mumbai Hotel is undergoing a 302-room expansion that is scheduled for
completion in 2008. The newly announced hotels are the 371-room JW Marriott Hotel Chennai;
the 328-room Renaissance Bangalore Hotel; the 129-unit Marriott Executive Apartments
Gurgaon; the 170-room Courtyard by Marriott Ahmedabad; the 299-room Courtyard by Marriott
Mumbai International Airport; and the 210-room Courtyard by Marriott Pune City Centre.

Having launched its premium business hotel, Courtyard by Marriott in Ahmedabad, leading
hospitality player Marriott International Inc. is now looking at opening seven more hotels across
the country in luxury, boutique and moderate segments. Marriott International, which runs hotels
brands including The Ritz -Carlton, JW Marriott Hotels & Resorts, Marriott Hotels & Resorts,
Renaissance Hotels & Resorts and Courtyard by Marriott, opened its 10th hotel and fifth
Courtyard by Marriott hotel in India.

30 more hotels being developed across the country. Of these, seven will be opened in 2010
including three JW Marriott in Bangalore, Chennai and Chandigarh, one Marriott in Pune, one
Renaissance in Bangalore and two Courtyard by Marriott in Pune and Mumbai."
Marriott also recently opened a development office New Delhi.

Kolkata, Chandigarh, and Hyderabad are the destinations of the three new hotels - this brings
the total number of groupo properties in India to 25, representing six brands and 6,224 rooms, by

Three more hotels will join Marriott International‘s rapidly expanding hotel portfolio in India, all
three of these hotels will be operated by Marriott under long-term management contracts.

The three new hotels are:

      175-room JW Marriott Hotel Chandigarh (2011)
      300-room JW Marriott Hotel Kolkata (2011)
      113-unit Jubilee Hills, Hyderabad Marriott Executive Apartment (2011)

―We are thrilled by the continued growth of our lodging portfolio in India,‖ said Ed Fuller,
president & managing director of international lodging for Marriott International. ―These new
hotels will enable us to offer travelers to and within India a broad range of choices in many key
cities throughout the country and will position us to play a meaningful role in the emergence of
India as a major contributor to the global economy.‖

JW Marriott Hotel Chandigarh & JW Marriott Hotel Kolkata
JW Marriott is Marriott International‘s sophisticated hotel brand that appeals to consumers with
a preference for understated luxury, authenticity, and where indulgences have a purpose and
where its guests can truly be themselves.

Scheduled to open in 2011, the 175-room JW Marriott Hotel Chandigarh will be the fifth
representative of its brand in India and the first internationally-branded hotel in Chandigarh. It is
owned by Uppal Builders Pvt. Ltd. The JW Marriott Hotel Chandigarh will be situated in the
heart of the city within 2 kilometers of Sector 17, which is the central business district and a
prominent retail area. The Chandigarh Airport is 12 kilometers away.

The 300-room JW Marriott Hotel Kolkata will be the sixth JW Marriott hotel in India and is
owned by Emaar MGF Private Limited. It will be part of a mixed-use development on the
Eastern Metropolitan Bypass that is accessible to various Kolkata points of business and local
interest. The development will also include a shopping mall with 5,000 square meters of retail
space and another hotel.

Accommodations at both the JW Marriott Hotel Chandigarh and the JW Marriott Hotel Kolkata
will feature luxurious marble baths with separate tubs and showers, Marriott‘s renowned plush
bed and bath linens, high-end bath amenities, flat screen television and high-speed internet
access. Also included will be an executive floor and club lounge.

For dining and entertainment, both hotels will offer three restaurants including an all-day casual
restaurant and two specialty restaurants. A spacious lobby lounge, a quiet bar and a pool bar will
round-out the hotels‘ dining options. In addition, the JW Marriott Hotel Chandigarh will have a

Additional amenities at both hotels will include a full Spa and an outdoor swimming pool; a
fitness center; a business center with small offices and meeting rooms; a beauty and barber shop;
and a gift shop.

For conferences and social events, the JW Marriott Hotel Chandigarh will have 867 square
meters of space including a 585-square meter ballroom which will be divisible into six sections
and three additional meeting rooms in varying configurations.

At the JW Marriott Hotel Kolkata, social and conference space will include a 750-square meter
ballroom that will be divisible into five sections, a 60-square meter boardroom and three
individual meeting rooms in varying configurations, each of which will be divisible into two

Jubilee Hills Hyderabad Marriott Executive Apartments
The 113-unit Jubilee Hills Hyderabad, Marriott Executive Apartments is owned by Viceroy
Hotels Ltd. When opened in 2011, it will be the third representative of its brand in India in
addition to the existing Lakeside Chalet, Mumbai, Marriott Executive Apartments and the under-
construction Marriott Executive Apartments in Gurgaon that is scheduled to open in 2010.

The property will be located in the residential Jubilee Hills area of Hyderabad, an exclusive,
highly-sought-after residential area in Hyderabad within close proximity of the city‘s current
central business district, Hitec City and Gachibowli, which house the majority of companies in
the IT and biotechnology industries in the city.

Now Marriott International has just announced plans to double its presence in Europe by 2015,
increasing its portfolio from 40,000 rooms to 80,000 rooms. Of the Marriott chain's eighteen
brands, seven are currently represented in Europe. The expansion in Europe includes some 30

The Renaissance Moscow Monarch Center Hotel, the Courtyard by Marriott Budapest, and the
JW Marriott Hotel Ankara are all expected to be completed this year. Marriott will open its first
European Residence Inn, an extended stay brand, in Munich in 2012.
Additional European expansion will include two new Marriott brands: Edition, a boutique-
lifestyle collaboration between Ian Schrager and Marriott, and the Autograph Collection,
comprised of independent hotels and resorts that represent luxury properties with distinctive
personalities. Marriott intends for the Autograph Collection to compete with Europe's
independent, smaller upscale hotels.

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