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301 posts categorized "new hotels"

05/31/2012

Marriott International Expands Group and Meetings Portfolio with Acquisition of Gaylord Hotels Brand and Hotel Management Company for $210 Million

Gaylord national at nightExpects transaction to be EPS accretive in 2013.

Marriott International, Inc. (NYSE: MAR) announced today that it has entered into an agreement with Gaylord Entertainment Company (NYSE: GET) to acquire the Gaylord brand and hotel management company for $210 million. The transaction is conditioned on Gaylord Entertainment’s shareholders approving the company’s conversion into a real estate investment trust. If approved, Gaylord will continue to own the existing Gaylord hotels and Marriott will assume management of these properties under long-term agreements.  The transaction will add 4 hotels and approximately 7,800 rooms to Marriott’s portfolio.

Gaylord Opryland at nightGaylord Hotels include Gaylord Opryland® in Nashville, Tennessee; Gaylord Palms® in Kissimmee, Florida near Orlando; Gaylord Texan® on Lake Grapevine near Dallas, Texas, and Gaylord National® on the Potomac in National Harbor, Maryland, near Washington, D.C. Gaylord Hotels are uniquely positioned in the group and family leisure segments with approximately 2 million square feet of meeting and event space. They offer multiple opportunities for recreation, shopping, and dining, as well as entertainment, such as the partnership with DreamWorks ™.

Arne Sorenson, Marriott International president and chief executive officer, said, “We are excited to add Gaylord Hotels to our brand portfolio and are thrilled Gaylord Entertainment selected us to manage their properties.  We have long been impressed with the hotels Gaylord has created, as well as their skill in hosting major meetings and events and attracting the family leisure market.  This is a tremendous opportunity to advance growth and opportunity for both Marriott International and the Gaylord hotel brand.

“Gaylord properties will benefit from Marriott’s economies of scale, including lower costs for central reservations, procurement and other services, plus strong sales, revenue management, marketing and distribution systems, while Marriott will be able to capture even a greater share of the major event market.  Gaylord’s “everything-in-one-place” properties are very attractive to group meeting planners.  As a new REIT owner, Gaylord Entertainment should benefit from improved hotel profitability associated with Marriott’s ability to generate substantial cost savings and incremental demand.”

Robert McCarthy, Marriott International chief operations officer, said, “Both Marriott and Gaylord have well-defined cultures that revolve around putting people first and we expect Gaylord’s ‘STARs’ and Marriott associates will find significant opportunities for career growth in this combination.   Gaylord customers will continue to enjoy the outstanding service for which that brand is known.”

"We chose Marriott – a brand that is a recognized leader in the hospitality industry - due to their  focus on providing the highest quality experience for both group and leisure customers,” said Colin V. Reed, Chairman and Chief Executive Officer, Gaylord Entertainment Company. “According to a recent survey conducted on behalf of Gaylord in February of over 400 high-quality meeting planners, Gaylord ranked first in all under one-roof offerings and amenities and Marriott ranked as the number one preferred group destination provider overall due to its service standards and wide distribution.”

Upon completion of the transaction, Marriott will operate the hotels under management agreements with an initial term of 35 years.  Marriott International expects to earn an incentive fee in its first full year of management, based on improvement in Gaylord Hotels’ profitability, and further expects the transaction to be accretive to Marriott’s earnings per share by approximately 2 cents in 2013.   

The agreement is subject to the previously mentioned Gaylord Entertainment shareholder approval, which is expected in August, as well as lender consent to amendments to Gaylord’s credit facility and other customary closing conditions and regulatory approvals.  The transaction is expected to close by October.

Mr. Sorenson will participate in a conference call Gaylord Entertainment will hold at 10:00 a.m. eastern time today to discuss this announcement.  The call can be accessed at Gaylord Entertainment’s Investor Relations web site at http://ir.gaylordentertainment.com.

Note on forward-looking statements: This press release contains “forward-looking statements” within the meaning of federal securities laws, including our expectations that we will earn an incentive fee from the Gaylord properties in the first full your, for improved profitability at those properties, and for a greater share of the major event market, and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including those we identify below and other risk factors that we identify in Marriott International, Inc.’s most recent quarterly report on Form 10-Q. These risks include changes in market conditions; the continuation and pace of the economic recovery; competitive conditions in the lodging industry; and receipt of Gaylord Entertainment shareholder approval and lender consents. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these forward-looking statements as of the date of this press release, and undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

About Marriott International, Inc.
Marriott International, Inc. (NYSE: MAR) is a leading lodging company based in Bethesda, Maryland, USA with more than 3,700 properties in 73 countries and territories and reported revenues of over $12 billion in fiscal year 2011.  The company operates and franchises hotels and licenses vacation ownership resorts under 17 brands, including Marriott Hotels & Resorts, The Ritz-Carlton, JW Marriott, Bulgari, EDITION, Renaissance, Autograph Collection, AC Hotels by Marriott, Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, Marriott Executive Apartments, Marriott Vacation Club, Grand Residences by Marriott, and The Ritz-Carlton Destination Club.  There are approximately 300,000 employees at headquarters, managed and franchised properties.  Marriott is consistently recognized as a top employer and for its superior business operations, which it conducts based on five core values: put people first, pursue excellence, embrace change, act with integrity, and serve our world. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

About Gaylord Entertainment
Gaylord Entertainment (NYSE: GET), a leading hospitality and entertainment company based in Nashville, Tenn., owns and operates Gaylord Hotels (www.gaylordhotels.com), its network of upscale, meetings-focused resorts, and the Grand Ole Opry (www.opry.com), the weekly showcase of country music’s finest performers for more than 80 consecutive years. The Company's entertainment brands and properties include the Radisson Hotel Opryland, Ryman Auditorium, General Jackson Showboat, Gaylord Springs Golf Links, Wildhorse Saloon, and WSM-AM. For more information about the Company, visit www.GaylordEntertainment.com.

Connect with thomas.marder@marriott.com

 

05/29/2012

The Ritz-Carlton Hotel Company, L.L.C. Opens Its First Luxury Resort In Japan

Okinawa Ritz-Carlton Suite - Living RoomThe Ritz-Carlton, Okinawa Pioneers Luxury Hospitality on Japan’s Secret Tropical Getaway

The Ritz-Carlton Hotel Company, L.L.C. has opened its first luxury resort in Japan on the tropical island of Okinawa. The Ritz-Carlton, Okinawa will pioneer luxury hospitality on an island that has been the secret getaway for generations of Japanese visitors, but remains relatively unexplored by the international luxury traveler.
  
The Ritz-Carlton, Okinawa is the ultimate luxury destination for visitors to an island that is rich in championship golf courses and surrounded by pristine emerald waters that are perfect for waterborne activities. 

The Okinawan concept of hospitality or “gusuku,” which translates as “castle” or “guest house,” has been carefully reflected throughout the property to give it a welcoming sense of place.  The new Ritz-Carlton resort embodies this spirit through its landscaping and contemporary architectural design, which extensively features the Shurijo face motifs, distinctive red clay roof tiles, white walls and holy water ponds.

“We are delighted to be able to bring our first true luxury resort hotel to Japan to complement our city hotels in Tokyo and Osaka,” said Herve Humler, president and chief operations officer of The Ritz-Carlton Hotel Company, L.L.C.  “We have no doubt that Okinawa has the potential to be a resort island of true international appeal, attracting visitors from all over the world, whether they are visiting the island for business or pleasure.  It really is a hidden gem and the opening of The Ritz-Carlton, Okinawa helps to put this destination on the map for discerning luxury travellers.”

Victor Clavell, area vice president, Asia for The Ritz-Carlton added, “our first luxury resort in Japan underlines our commitment to the Japanese market.  The culture of friendship or ‘keion’ on this island blends seamlessly with The Ritz-Carlton promise to offer the finest personal service and facilities in a warm yet refined ambiance.  We anticipate bringing more of the island’s incredible culture to the world.”

The 97 modern guestrooms and two suites of the Ritz-Carlton, Okinawa have balconies or terraces which enjoy sweeping panoramic views that overlook the East China Sea and the Kise Country Club.  Inspired by the spectacular scenery of ancient forests, manicured golf courses and the sea, the luxurious resort has been designed to be in harmony with its natural surroundings.

This new hotel presents a host of exquisite sophisticated restaurants and a bar.  Restaurants include - Chura-Nuhji, an Italian fine dining restaurant; Kise, a Teppan-yaki restaurant featuring local seafood and renowned Okinawan beef; and Gusuku, an all-day waterside dining experience that serves Japanese, Okinawan and international dishes on its outdoor deck.

Located a short stroll through landscaped gardens is The Ritz-Carlton Spa by ESPA, in its own separate enclave.  The Ritz-Carlton Spa by ESPA combines the essence of ancient and modern Chinese, Indian, European and Balinese spa cultures.  It uses the luxury ESPA products that harness the best of nature's essential oils, botanicals and marine supplements.  The exquisite collection of treatments represents complete care, personalisation and the ultimate in luxury.

The Spa features four treatment rooms, four dry treatment rooms, outdoor Cabanas offering Shiatsu or Thai massage.  It also offers the Heat Experience (Steam Sauna, Jacuzzi hot tubs, Stone Sauna with weathered coral tiles).  Two special Retreat Suites are also available (Forest Suite and Ocean Suite) with their own private decks and stone baths.  The spa retreat also houses a Nail Studio, Relaxation Room, Indoor Pool, and the fitness center.

The Spa reception features the use of organic materials in all design points, and the deep forest motif is particularly evident where a display of light creates textural and moving shadows as if under the forest canopy.  Views to the ancient Yambaru Forest can be enjoyed from treatment rooms.

For additional information on The Ritz-Carlton, Okinawa please call +81-980-43-5555 or visit www.ritzcarlton.com

The Ritz-Carlton Hotel Company, L.L.C. of Chevy Chase, Md., currently operates 79 hotels in the Americas, Europe, Asia, the Middle East, Africa, and the Caribbean. More than 30 hotel and residential projects are under development around the globe. The Ritz-Carlton is the only service company to have twice earned the prestigious Malcolm Baldrige National Quality Award which recognizes outstanding customer service. For more information, or reservations, contact a travel professional, call toll free in the U.S. 1-800-241-3333, or visit the company website at www.ritzcarlton.com. The Ritz-Carlton Hotel Company, L.L.C. is a wholly owned subsidiary of Marriott International, Inc. (NYSE: MAR)

Connect with allison.sitch@ritzcarlton.com

05/24/2012

The Ritz-Carlton, Montreal to Open as Second Canadian Jewel in the Hotel Company Portfolio

The Ritz-Carlton, MontrealThe Grande Dame of Sherbrooke Street reclaims its place among luxury hotels

Chevy Chase, Md. On Monday, May 28, 2012, the iconic Ritz-Carlton, Montreal will reopen after an extensive $200 million restoration combining the latest amenities with the splendour of the past. The Grande Dame of Sherbrooke Street is back in all her glory.

“We are extremely proud to reopen this emblem of the very best Montreal has to offer," said Andrew Torriani, president and general manager of The Ritz-Carlton, Montreal. “The hotel today is a showcase of modern luxury, but it has not lost the discreet charm of the past or the patina of history.”

The Ritz-Carlton, Montreal Restaurant ViewFor Montreal’s mayor, Gérald Tremblay, “The Ritz-Carlton is reclaiming its rightful place here in Montreal and among the guests who stay there. Since it opened in 1912, the hotel has been one of the most elegant addresses in our city and the jewel of the storied Golden Square Mile, close to high-end boutiques, galleries and museums. Our city has changed a great deal—for the better. The reopening of The Ritz-Carlton, Montreal makes a notable contribution to what makes our city different.”

“The Ritz-Carlton, Montreal will achieve a level of luxury that has not been seen before in Montreal," said Herve Humler, President and C.O.O. The Ritz-Carlton Hotel Company, LLC.  "The hotel will put Montreal on the map as a first-tier destination for business and leisure travelers."

A first-class transformation
Under the direction of Quebec architectural firm Provencher Roy + Associés, the iconic Montreal hotel underwent an exhaustive transformation. The building’s facade was preserved and restored, public spaces were renovated and upgraded, and the guestrooms were redesigned to feature the very best in luxury and comfort. The Ritz-Carlton, Montreal now has 98 rooms and 31 suites. The 4,700-square-foot Royal Suite is the largest hotel suite in Montreal.

“The restoration of the hotel and its reconfiguration posed a challenge: that of adopting a contemporary design while maintaining a harmonious dialogue with the original building. We therefore integrated the principles of the celebrated Venice Charter into our concept, as well as recommendations made in the heritage study of the Ritz-Carlton Montreal under the supervision of Jean-Claude Marsan,” said Claude Provencher, the project’s architect.

The building’s façade was preserved and restored, as were the Lobby, the Palm Court, the Oval Room and the hotel’s famed garden. Many decorative details from 1912, such as marble fireplaces in some of the suites, reflect this masterful blend of old and new.

The guestrooms also feature high-tech amenities, such as thermostats that intuitively remember a guest’s temperature preferences upon check-in, and motion sensors that activate lights when guests enter a dark room.

Sophisticated contemporary amenities
The Ritz-Carlton, Montreal offers guests a wealth of amenities at their fingertips. The 10,000 square feet of meeting space are flexible and offer event planners the possibility of accommodating up to 300 people. Guests can dine at acclaimed chef Daniel Boulud’s restaurant, Maison Boulud, in the 130-seat dining room, the 46-seat year-round greenhouse, or on the new terrace on Sherbrooke Street. They can enjoy afternoon tea in the hotel’s impeccable gardens, work out at the gym or take a dip in the new indoor salt-water pool.

“Those who were familiar with The Ritz-Carlton, Montreal before the transformation will find the same attentive service and stately atmosphere, along with the new high-end amenities found in contemporary luxury hotels. Those who are discovering the hotel for the first time will enjoy a unique experience featuring impeccable service in a stunning setting and outstanding comfort,” concluded Mr. Torriani.

About the Ritz-Carlton Montreal
The Ritz-Carlton Montreal is the most prestigious address in Montreal, with 129 entirely redesigned guestrooms and suites, as well as 46 new luxury residences. The hotel’s restaurant was designed by Super Potato, one of the world’s most highly reputed restaurant design firms. Chef Daniel Boulud manages the restaurant operations with his company, Dinex Group. 

The Ritz-Carlton Montreal is located in the heart of the Golden Square Mile, home to Montreal’s elite in the early twentieth century. A symbol of refinement and elegance, the hotel has welcomed some of the world’s best-known heads of state, artists and business magnates. Several of the 20th century’s leading figures have stayed there, including the Queen Mother, Winston Churchill, Charles de Gaulle, Richard Nixon, Pierre Elliott Trudeau, Brian Mulroney, George Bush Sr., the Rolling Stones and Celine Dion, as well as Elizabeth Taylor and Richard Burton, who celebrated their first marriage at the hotel.

About The Ritz-Carlton Hotel Company, LLC
The Ritz-Carlton Hotel Company, L.L.C., of Chevy Chase, Md., currently operates 79 hotels in the Americas, Europe, Asia, the Middle East, Africa, and the Caribbean. More than 30 hotel and residential projects are under development around the globe. The Ritz-Carlton is the only service company to have twice earned the prestigious Malcolm Baldrige National Quality Award, an award that originated in 1987. Its purpose is to promote the awareness of quality excellence, recognize quality achievements of companies and publicize successful quality strategies. The Ritz-Carlton Hotel Company won the award in 1992 and 1999. For more information, or reservations, contact a travel professional, call toll free in the U.S. 1-800-241-3333, or visit the company web site at www.ritzcarlton.com. The Ritz-Carlton Hotel Company, L.L.C. is a wholly-owned subsidiary of Marriott International, Inc. (NYSE:MAR).

05/16/2012

Marriott International And Sunshine Construction Agreement Set To Resonate Through Local Economy

Marriott International - Akilah InstituteMarriott International, Inc. (NYSE:MAR) and Ethiopian developer Sunshine Construction have announced a deal that will inject ETB 1 billion into the local economy over five years.

Under the agreement, Marriott International will manage two properties currently being built by Sunshine Construction – a Marriott Executive Apartments for extended stay travellers and a quality tier Courtyard by Marriott branded hotel. Both will be located in Addis Ababa and are scheduled to open in 2014 and 2015 respectively.

This marks Marriott International’s first foray into the country and is a sign of the company’s confidence in the market.

Speaking at the World Economic Forum (WEF) currently taking place in Addis Ababa, Alex Kyriakidis, President and Managing Director of Marriott International Middle East and Africa, said that there is a direct correlation between a country’s ability to grow and the entrance of hotel providers into the market. “Hotels bring new untapped revenue into the market by boosting tourism numbers and dollars, building infrastructure and creating jobs, which all resonate throughout the economy as a whole.”

Marriott International has projected that by 2018, the new Courtyard by Marriott branded hotel’s total revenue will be ETB 242 million (US$ 13 million) per year – equating to ETB 1 billion (US$ 65million) injected into the economy over five years from only one 209- room hotel.

“The fundamental demand generators that drive our industry are alive and well in this country,” Kyriakidis said. “Marriott International’s investment into this region represents the economic realisation for the need for hotels – countries need to invest in infrastructure, accommodation and airports to create jobs to grow the economy.

“By taking on these two properties Marriott International is demonstrating its confidence in the market – that it will grow and that the economy will move forward at a staggering pace.”

As Africa's second most populous country, Ethiopia has 85 million inhabitants and a population forecast to grow at over 2% per year to 95 million by 2015. This is matched by a fast growing economy due to improved agricultural performance. Investments into infrastructure, aimed at increasing tourism numbers that have been hindered in the past by limited hotel capacity, are a featured component of the government’s poverty reduction strategy paper.

Travel and tourism currently contribute US$2.8bn, around 10%, to the annual GDP and this is predicted to rise by 5.4 percent.

“A lack of quality supply of hotel rooms in the market combined with growing airline numbers, a rising economy and a growing urban population give us strong confidence in this city and market,” Kyriakidis said.
 
In tangible terms, these two hotels will create 208 local jobs over the next five years. Marriott International has a full training programme and is dedicated to up-skilling and hiring the local population to run its properties. Recruits will be trained and immersed in Marriott International’s culture through a partnership with a local training provider that is yet to be named – similar to the Akilah Women’s Institute programme that is currently underway in Kigali, Rwanda, where Marriott International will open a new hotel in 2013.

Through the appropriate training institute, local residents will learn what it means to be part of Marriott International, with training beginning one year prior to the opening of the hotel and ongoing throughout their career.

“These aren’t just jobs Marriott International is creating, these are real career opportunities with real potential for growth,” Kyriakidis said. “Creating these ongoing opportunities and investing in the development of local people on the ground, who will not only learn transferable skills, but in turn pass on that knowledge, will strengthen the Middle Class in this region. The fact that they do this while earning a salary is what will support the growing economy and encourage further growth.”

As well as Ethiopia, Marriott International is focusing its growth on Benin, Gabon, Ghana, Nigeria and Rwanda, with a number of new properties scheduled to open over the next five years. “We are thrilled by the robust expansion of our African hotel portfolio,” said Kyriakidis.

“Africa remains a key market for tourism development because of its increasing economic dynamism and worldwide exposure created by the 2010 FIFA Football World Cup in South Africa. The economic realities indicate further growth potential for the hotel industry, and with these signings and more to come in 2012, Marriott International will be perfectly placed to accommodate the increasing number of visitors to this great continent.”
 
Marriott International, Inc. (NYSE: MAR) is a leading lodging company based in Bethesda, Maryland, USA with more than 3,700 properties in 73 countries and territories and reported revenues of over $12 billion in fiscal year 2011.  The company operates and franchises hotels and licenses vacation ownership resorts under 17 brands, including Marriott Hotels & Resorts, The Ritz-Carlton, JW Marriott, Bulgari, EDITION, Renaissance, Autograph Collection, AC Hotels by Marriott, Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, Marriott Executive Apartments, Marriott Vacation Club, Grand Residences by Marriott, and The Ritz-Carlton Destination Club.  There are approximately 300,000 employees at headquarters, managed and franchised properties.  Marriott is consistently recognized as a top employer and for its superior business operations, which it conducts based on five core values: put people first, pursue excellence, embrace change, act with integrity, and serve our world. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com

Connect with deema.termanini@marriott.com and leonie@efikra.com

05/08/2012

Marriott International Expands In Thailand With The Opening Of Three Stunning New Hotels This Year

Beach Pool Sunrise at Marriott RayongMarriott International further strengthens its leadership position in Thailand with the opening of three new properties this year. The Rayong Marriott Resort & Spa, The Bangkok Marriott Hotel Sukhumvit and the Marriott Executive Apartments Bangkok - Sukhumvit Thonglor will all open in 2012 bringing Marriott International’s portfolio to 16 hotels in the country.               
 
Marriott International currently operates a portfolio of world-leading hotels and brands in the country including the world-class JW Marriott hotels in Bangkok, Phuket and Khao Lak, the stylish, lifestyle Renaissance-branded hotels in Bangkok, Phuket and Koh Samui, and the award-winning luxury retreat, Phulay Bay, a Ritz-Carlton Reserve in Krabi, among others.
 
“We are delighted to be expanding our footprint in Thailand and bringing these three wonderful new hotels to the country," explained Craig Smith, chief operating officer, Marriott International, Asia. “We have had a long relationship with Thailand having opened our first hotel here, the JW Marriott Bangkok, some 15 years ago. It is great to be able to bring these new hotels to Thailand which we feel will have a very positive impact on both domestic and international travellers to the country. We are totally committed to Thailand for the long term, and in addition to these three hotels we will continue to grow in Thailand with a further five hotels set to open in the next three to four years.”

Rising over Bangkok’s premier lifestyle district of Thonglor, the Bangkok Marriott Hotel Sukhumvit will be perfect for business travellers, weekend getaways and families, with a great mix of leisure and business facilities, ideally located close to the BTS Skytrain station.

With 296 exquisite guest rooms and suites, the hotel will feature three superb restaurants, bars and lounges, four meeting rooms and a Grand Ballroom. The iconic building offers sweeping views of the city and will also host a stunning rooftop bar and restaurant.

Located on the popular Mae Phim beach in the resort area of Rayong – just 205 kilometers south of Bangkok - the 206-room Rayong Marriott Resort & Spa will be located on a beautiful stretch of coastline offering aspects of both picturesque mountains and stunning ocean views.
 
The hotel will feature a Grand Ballroom along with five additional meeting rooms with extensive outdoor group space overlooking the tranquil landscape of the Gulf of Thailand. With the ability to host lavish weddings, meetings, incentives, conferences and exhibitions, the hotel is expected to become an immediate favorite for MICE, events and meetings customers. Offering a total of 7,120 square meters of total meetings space, the hotel is fitted with LCD projection and state-of-the-art technology for successful and memorable functions and events.

Marriott Executive Apartments Bangkok - Sukhumvit Thonglor, which will be located in the same building as the Bangkok Marriott Hotel Sukhumvit, will offer the conveniences of a full service 5-star hotel with the space, ambience and privacy of residential living.

Marriott Executive Apartments are furnished with a fully equipped kitchen and are appropriate for any length of stay. Located in the heart of Bangkok's upscale residential district, the Marriott Executive Apartments Bangkok - Sukhumvit Thonglor will offer 74 units comprising one- two- and three-bed room apartments.

“We are delighted to be expanding the number of hotels we offer in Thailand and to be showcasing a new Marriott Executive Apartments in the city, as well as bringing our internationally branded hotels to the beautiful beachside area of Rayong,” explained Philip Bryson, Area Vice President South-East Asia for Marriott International.
 
“These hotels will appeal to business and leisure travellers from across Thailand and internationally and offer world-class service and facilities in locations were we have not previously been able to offer our hotels. It is great to be able to announce such strong growth in Thailand and to be able to bring a new level of hotel to Rayong, that we believe will really help to put the destination on the international map,” continued Bryson.”

NOTE: The statements about the opening dates for the new hotels are “forward looking statements" within the meaning of federal securities laws, not historical facts, and are subject to a number of risks and uncertainties, including supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth; and other risk factors identified in Marriott International, Inc.'s most recent quarterly report on Form 10-Q; any of which could cause actual results to differ materially from those expressed in or implied by our statements. These statements are made as of the date of this press release, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Marriott International, Inc. (NYSE: MAR) is a leading lodging company based in Bethesda, Maryland, USA with more than 3,700 properties in 73 countries and territories and reported revenues of over $12 billion in fiscal year 2011.  The company operates and franchises hotels and licenses vacation ownership resorts under 17 brands, including Marriott Hotels & Resorts, The Ritz-Carlton, JW Marriott, Bulgari, EDITION, Renaissance, Autograph Collection, AC Hotels by Marriott, Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, Marriott Executive Apartments, Marriott Vacation Club, Grand Residences by Marriott, and The Ritz-Carlton Destination Club.  There are approximately 300,000 employees at headquarters, managed and franchised properties.  Marriott is consistently recognized as a top employer and for its superior business operations, which it conducts based on five core values: put people first, pursue excellence, embrace change, act with integrity, and serve our world. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com

Connect with jane.cai@marriott.com and anchalee.c@marriott.com  

04/27/2012

Renaissance Hotels Opens New Gem In The Heart Of Barcelona

Mark Vanderloo and Elisabetta GregoraciMarriott International Continues Growth In Spain With Expansion Of Signature Lifestyle Brand.

Marriott International (NYSE:MAR) today announced the opening of the Renaissance Barcelona Hotel, located just steps away from the Paseo de Gracia, the premier shopping and architectural district of Barcelona. [Pictured: Mark Vanderloo and Elisabetta Gregoraci]

In celebration of the grand opening, the Renaissance Barcelona Hotel last night hosted an exclusive event featuring a special musical performance by renowned Spanish artist, Rebeka.  The performance was part of Renaissance Hotel’s RLife LIVE program (www.RLifeLive.com), an entertainment and music platform that provides hotel guests and local patrons the chance to discover emerging and established artists on-site at Renaissance Hotels around the world.

“We are thrilled to expand our Renaissance Hotels portfolio in Europe and to celebrate the opening of this exciting new gem in Barcelona,” said Amy McPherson, president and managing director of Marriott International in Europe. “Renaissance Hotels strive to offer guests authentic travel experiences through hotel touch points including innovative design, cuisine and distinct amenities.We look forward to welcoming guests to enjoy the many discoveries within our hotel and this incredible city, so rich in history and culture.”

The hotel, formerly known as The Diplomatic Hotel, has now reopened as the Renaissance Barcelona Hotel following total renovation. The hotel is centrally located near popular tourist attractions including the famed Hotel Gaudí, where guests can see first hand the fascinating architecture of Palau Güell.  Otherhistoric landmarks just minutes from the hotel include Plaza Catalunya, Las Ramblas, Boquería market and Barrio Gótico – the city’s Gothic Quarter.

Renaissance Hotels is known for encouraging guests to “Live Life to Discover” and get the most out of their travel experience.  Earlier this month, the global lifestyle brand launched a new advertising / marketing campaign that encourages today's business traveler to experience the hidden gems of each Renaissance hotel and to explore the destination with the help of Renaissance Hotels ‘Navigators’ -- the brand’s hospitality lifestyle concierge service. The campaign asks traveler the question, “If you are traveling to a destination for business, why not make the most of your free time and discover something exceptional and unique.

An oasis of calm and wellness, the Renaissance Barcelona Hotel's 211 modern and spacious guestrooms are appointed with signature room amenities including iPod docking stations and flat screen televisions.  Stunning views of the Barcelona skyline can be taken in at La Terrassa, the hotel’s sun-drenched roof top bar and lounge featuring flowing waterfalls, while tantalizing dining options include the CRU Steak House and cosmopolitan CUIT Bar and Lounge.

Other highlights include a 24-hour fitness center, business center and seven unique facilities for meetings and events, each outfitted with modern technical and AV equipment.

Barcelona is truly a city to be discovered with the senses, and the innovative Navigator by Renaissance program enables guests to share in the city’s hidden gems and best-kept secrets.  Focused on creating experiences, the Navigators at the Renaissance Barcelona Hotel are on hand to provide guests with authentic, handpicked spots to eat, drink, see and shop.

To celebrate the grand opening, the hotel is offering a special “Taste of the New Renaissance Barcelona” package.

A TASTE OF THE NEW RENAISSANCE BARCELONA HOTEL
Awaken all your senses with Renaissance in Barcelona. Spend the day sampling the very best of Barcelona; explore the bustling city, savor the hotel’s exclusive tasting menu and sip cocktails at the new CUIT Bar & Lounge. Rates start from € 225, bookable from 20 April through 31 May 2012 and available from 1 May through 30 June 2012.

Offer includes:
• Accommodation in a Deluxe room
• Daily Breakfast Buffet
• Tasting Menu + Signature Cocktail at CUIT Bar & Lounge for two people

For more information or bookings, please visit www.renaissancebarcelonahotel.com or call +66 2656 7707.

ABOUT RENAISSANCE
Renaissance Hotels represents a diverse collection of more than 150 hotels in 35 countries worldwide. Each property is unique, offering passionate travelers a one-of-kind experience and memories they will be sure to take with them long after they depart. Within every hotel, guests are greeted by an exceptional array of amenities and an inspiring world of local discoveries. For travelers looking to experience something new, innovative and locally driven programs including the industry leading entertainment platform RLife LIVE as well R Navigator, ensure that every trip is transformed into an eye-opening, unforgettable journey. Renaissance Hotels.  Live Life To Discover. To discover more visit www.renhotels.com.

Friend us on Facebook www.facebook.com/RenaissanceHotels

Follow us on Twitter www.twitter.com/RenHotels

Connect with catherine.leitner@marriott.com and elizabeth.caminiti@marriott.com

04/26/2012

Marriott Hotels & Resorts To Open Second Hotel In Colombia

MHR Colombia-CaliMarriott International’s (NYSE:MAR) signature brand, Marriott Hotels & Resorts, announced today plans to open a new 170-room Marriott Hotel in Cali in 2014, under an agreement with Real Hotels and Resorts, S.A. and Grupo Poma.

Situated on the corner of Avenida 8 Norte and Calle 9 in the heart of Colonia Granada, the Marriott Cali Hotel will be located in one of Cali’s most desirable areas filled with restaurants, bars and shops.

“We are very excited about consolidating our relationship with Marriott by bringing the Marriott brand to Cali and strengthening Marriott’s position in Colombia.  With the success of the Marriott Hotel in Bogota, we are confident that this hotel will be highly successful, and play a large role in the continued emergence of Colombia,” said Fernando Poma, President of Real Hotels & Resorts.

“We are fortunate to have great partners in Colombia, with whom we continue to grow many successful hotels within the market and across Latin America” says Laurent de Kousemaeker, chief development officer for Marriott International, Inc. in the Caribbean & Latin America “Cali is a wonderful Latin American destination and Colonia Granada is an ideal location for our new Marriott Cali Hotel.”

In addition to 170 guest rooms and suites, the hotel will feature a casual dining restaurant, a sushi bar and a great room.  The hotel will also have three different meeting spaces available including the 4,900 square foot ballroom.  Recreational facilities include a swimming pool and a fitness center.  Other amenities will include a concierge lounge, business center, gift shop and parking garage.

Marriott International is currently represented in Colombia by the 264-room JW Marriott Hotel Bogota and the 239-room Bogota Marriott Hotel. Marriott will open the 278-room Cartagena Marriott Hotel in 2015.

Visit Marriott International, Inc. (NYSE:MAR) for company information.

Connect with laura.botelho@marriott.com and john.wolf@marriott.com

Marriott International and Galaxy Entertainment Group Announce the Ritz-Carlton and JW Marriott Hotels in Macau

First All-Suite Ritz-Carlton Hotel and 1,000-plus room JW Marriott Hotel Scheduled to Open In 2015.

Marriott International, Inc. (NYSE: MAR) and Galaxy Entertainment Group (GEG) today announced they have signed long-term management agreements for more than 1,300 rooms, suites and floating villas at two landmark luxury hotels operated by Marriott International brands to anchor the second phase of the Galaxy Macau™: The Ritz-Carlton, Macau and the JW Marriott Hotel Macau.

The two hotels are expected to be Marriott International’s first in Macau. The company expects to open a hotel a month in China over the next three years. At the end of the first quarter, Marriott’s pipeline of hotels either under or approved for construction in China was 54 hotels and 17,000 rooms.

Galaxy Macau has established itself as the key leisure and resort destination in Macau offering three world-class hotels and more than 55 restaurants, cafes, bars and lounges in Phase 1 of their Macau development. The addition of the first all-suite Ritz-Carlton hotel and what will be the world’s largest JW Marriott hotel when it opens in Phase 2 of Galaxy Macau will establish a strong presence for Marriott International in this key destination.

“We are very excited to be launching our brands in Macau,” said Simon Cooper, president and managing director Marriott International, Asia. “Macau is a compelling and dynamic market and we have invested a great deal of time identifying the right partner and property for The Ritz-Carlton and JW Marriott hotels. GEG and the Lui family are bold innovators who understand the market and their customers intrinsically; for us they are the perfect partners.

“We fully subscribe to GEG’s ‘World Class, Asian Heart’ philosophy which resonates with Marriott International's core values and The Ritz-Carlton hallmark Gold Standards. China is our second largest market outside North America and opening two of our premier brands on the same site in such a fast growing market is a major commitment, underscoring our confidence in both Macau and Galaxy.”

"To complement Phase 1’s exceptional hotel offering we are extremely pleased to be introducing Marriott International’s globally recognised luxury hotel brands including the first ever all-suite The Ritz-Carlton and the world’s largest JW Marriott upon completion in 2015,” said Dr. Che-woo Lui, Chairman of GEG. “Marriott International’s core values and The Ritz-Carlton hallmark Gold Standards underpinned by a strong understanding of Asian customers' tastes and preferences complements Galaxy’s ‘World Class, Asian Heart’ service philosophy.”

The Ritz-Carlton, Macau will feature 250 one- and two-bedroom suites, including the stylish The Ritz-Carlton suite. Designed in a traditional Ritz-Carlton style, the hotel will be sought out by those who value luxury and innovation combined with incomparable levels of privacy and intimacy. The hotel will offer the impeccable levels of service for which the brand is famous around the world, and will be located on the top floors of the Galaxy Macau.

The hotel’s restaurants will include a lavish all-private-dining Chinese restaurant, the lobby lounge and bar, a pool bar and the Ritz Bar with spectacular views over the Cotai skyline.

The hotel will also feature an outdoor rooftop pool with Jacuzzi and eight private cabanas. Guests will be truly able to get away from it all in a luxuriously stylish setting with the emphasis on relaxation and privacy. An exceptional spa will offer the very best in massage therapy in a stylishly designed setting.

The JW Marriott Hotel Macau will feature nearly 1,100 rooms and suites, including the stunning Presidential Suite. The hotel’s signature restaurant will be Chinese and feature a selection of private dining rooms for guests to choose from. In addition, the hotel will also offer a stylish three-meal restaurant, with guests having direct access to the wide variety of restaurants in the Galaxy Macau development.

A stunning pool will allow guests to relax in a tranquil and peaceful setting, while the spa will enable guests to relax in a stylish environment. The hotel will also feature a fully equipped fitness centre, and a salon.

The Ritz-Carlton and JW hotels will also offer additional space for meetings, events and banquets - including individual ballrooms on the ground floor of each hotel - that will have a capacity to accommodate approximately 2,000 guests. This will appeal very much to the MICE (Meetings, Incentives, Conferences and Exhibition) market and the hotels will be able to cater directly to the individual needs of groups booking at either or both hotels allowing great flexibility and access to a wide range of facilities across the properties.

The projected 2015 opening of The Ritz-Carlton and JW hotels in Macau are part of Phase 2 of Galaxy Macau’s “World Class, Asian Heart” Macau development.

NOTE: The statements about the opening dates for the new hotels are “forward looking statements" within the meaning of federal securities laws, not historical facts, and are subject to a number of risks and uncertainties, including supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth; and other risk factors identified in Marriott International, Inc.'s most recent quarterly report on Form 10-Q; any of which could cause actual results to differ materially from those expressed in or implied by our statements. These statements are made as of the date of this press release, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

About Marriott International
Marriott International, Inc. (NYSE: MAR) is a leading lodging company based in Bethesda, Maryland, USA with more than 3,700 properties in 73 countries and territories and reported revenues of over $12 billion in fiscal year 2011.  The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands, including Marriott Hotels & Resorts, The Ritz-Carlton, JW Marriott, Bulgari, EDITION, Renaissance, Autograph Collection, AC Hotels by Marriott, Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, ExecuStay, Marriott Executive Apartments, Marriott Vacation Club, Grand Residences by Marriott, and The Ritz-Carlton Destination Club.  There are approximately 300,000 employees at headquarters, managed and franchised properties.  Marriott is consistently recognized as a top employer and for its superior business operations, which it conducts based on five core values: put people first, pursue excellence, embrace change, act with integrity, and serve our world. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com

Connect with daniel.ford@marriott.com

04/23/2012

Renaissance Hotels Opens First Hotel In Pearl River Delta

Renaissance Huizhou ExteriorMarriott International (NYSE:MAR) announced today the opening of the 342-room Renaissance Huizhou Hotel in China. The hotel opened under a long-term management agreement with Guangzhou R&F Properties Development Co., Ltd. an existing long-term partner.  The hotel represents R+F’s sixth hotel with Marriott International, Inc. The hotel is the first Marriott property to open in Huizhou City, Guangdong Province and also the first Renaissance Hotels branded hotel to open in Pearl River Delta.

“We are delighted to be opening this magnificent hotel today – our 58th hotel in China,” explained Simon Cooper, president and managing director Marriott International, Asia. “You can see from this landmark building – the tallest in Huizhou – that our development partners Guangzhou R&F Properties Development Co., Ltd. have built a truly world-class hotel. We are confident that this will help to raise awareness of the city and drive great business to Huizhou and Marriott International is committed to promoting the hotel and destination to local and international travellers.”

The Renaissance Huizhou Hotel is ideally located in the heart of Jiang Bei Central Business District and serves as the highest building in Huizhou. The hotel’s close proximity to Huizhou City Government, International Convention Center, key office buildings and a luxury shopping mall make it a perfect location for those visiting the city on business.

Renaissance Hotels, which was acquired by Marriott International in 1997, has quickly become one of the most popular brands within the company's portfolio. In 2008, the brand began an intense journey to firmly establish itself in the lifestyle hospitality space and differentiate itself from other Marriott International brands by introducing game changing programs including the Navigator program and RLife LIVE, one of the industry's most well recognized entertainment platforms showcasing emerging musical artists through live performances in Renaissance Hotels around the world.

In May, Renaissance Hotels will launch its first global advertising campaign — “Live Life to Discover.” The new multi-faceted campaign, which comes to life through print, digital and on property experiences, provokes today's lifestyle-oriented business traveler to explore a hotel or destination’s hidden gems through recommendations from on-site Renaissance Hotels ‘Navigators’ (the brand’s hospitality lifestyle concierge service).

The Renaissance Huizhou offers 247 deluxe rooms, 76 club rooms, 18 club suites and one Presidential suite.  Each stylish guestroom offers a minimum of 47 square meters of space with a number of well-appointed amenities including LCD screen television, high speed internet and Wi-Fi access, and an iPod docking station.  The interior design reflects the Renaissance Hotels design philosophy which offers modern and stylish touches balanced with authentic Chinese décor.

Hakka motifs are used to depict local customs while contrasting décor such as Asian-inspired wooden walls and modern western art deco expressions are used to articulate the complimentary coexistence of both Eastern and Western cultures in the city. The Club Lounge, located on the 47th and 48th floor offers spectacular West Lake and East River views. All club floor guests are entitled to complimentary continental breakfast, afternoon high tea, evening cocktail, wireless internet access and two-hour meeting room usage.

The Renaissance Huizhou Hotel offers an exciting array of beverage and food facilities which consist of four restaurants and lounges located on the 28th and 29th floors, serving an extensive range of local and international cuisines. BLD café’s atmosphere is reflected in the very best of buffet dishes cooked from the show kitchens allowing guests to discover tastes from around the world. Wan Li Restaurant offers delicate dim sum, traditional Cantonese cuisine and classic Hakka cuisine featuring seven elegantly designed private rooms.

Those in the mood for sushi, sashimi and teppanyaki will be inspired by Yuzu Japanese Grill’s offerings in a spectacular architectural design. The Lounge located on the 29th floor is absolutely the perfect place to end the busy working day or relax yourself on the weekend. Finally, all outlets indulge in a breathtaking river view to engage guests in a delightful lifestyle experience.

With 11 dedicated meeting rooms and total event spaces across 2,280 square meters, including a 550-square meters, natural day light foyer with full river view and a 1,380-square meter grand ballroom which can be divisible into five sections, the hotel offers extensive banquet facilities equipped with brightly art light and modern sound system to ensure every of your unique business or social requirement is well accommodated.

For relaxation, guests can enjoy the indoor swimming pool with a glass roof or the 24-hour fitness center fully equipped with modern cardio machines, Jacuzzi, sauna and steam room on the 30th floor. Enoch Touch Spa in the hotel offers seven treatment rooms and serves guests relieving stress by their professional massage therapist.

Huizhou lies in the southeast part of Guangzhou Province and the northeast part of Pearl River Delta with more than 1,700-years history. The hotel is an ideal place from which to explore the surrounding area, including West Lake, Luofu Mountain, Nankun Mountain and the only seaport turtle natural protection region in China.

For more information or reservations, call Renaissance Huizhou Hotel directly at (86 752) 739 9999 or email rhi.huzbr.rsvn@renaissancehotels.com; or visit www.renaissancehuizhou.com. Renaissance Navigator sincerely shows you the way to find something wonderfully new in the first sky hotel-Renaissance Huizhou Hotel.

ABOUT RENAISSANCE
Renaissance Hotels represents a diverse collection of more than 150 hotels in 35 countries worldwide. Each property is unique, offering passionate travelers a one-of-kind experience and memories they will be sure to take with them long after they depart. Within every hotel, guests are greeted by an exceptional array of amenities and an inspiring world of local discoveries. For travelers looking to experience something new, innovative and locally driven programs including the industry leading entertainment platform RLife LIVE as well R Navigator, ensure that every trip is transformed into an eye-opening, unforgettable journey. Renaissance Hotels. Live Life To Discover. To discover more visit www.renhotels.com.

Friend us on Facebook www.facebook.com/RenaissanceHotels

Follow us on Twitter www.twitter.com/RenHotels

Visit Marriott International, Inc. (NYSE:MAR) for company information.  Also visit www.MarriottNewsCenter.com for daily company news and information.

Connect with jane.cai@marriott.com, rhi.huzbr.dom@renaissancehotels.com and rhi.huzbr.marcom.mgr@renaissancehotels.com

04/16/2012

Renaissance Hotels Continues Its Growth In China With The Opening Of Renaissance Guiyang Hotel

Renaissance Guiyang - ExteriorMarriott International’s Signature Lifestyle Brand Announces its 15th Hotel in the Country.

Marriott International announced today the opening of the 340-room Renaissance Guiyang Hotel in China. The hotel is located in Guiyang, Guizhou Province, an emerging city for business and leisure activities in southwest China, and represents the 15th Renaissance property to open in the country.

“With their unique personality, design and amenities, Renaissance Hotels have been well received by guests around the world," said Henry Lee, Senior Vice President for Marriott International in Greater China. "The popularity of the Renaissance Hotels brand in China continues to grow, and we are delighted to be opening this wonderful hotel in Guiyang with our great partners Guizhou Zhongdian Hotel Management.”

Located in Jinyang New District of Guiyang, the Renaissance Guiyang Hotel is situated 15 minutes away from the city centre which houses the local government administration office, the Guiyang International Conference and Exhibition Centre, International Financial Centre, the Banking Regulatory Commission of Guizhou, Guanshan Park and Guiyang High-Tech Industrial Development Zone are also situated in this district. The hotel is also conveniently located close to the airport and railway station of Guiyang.

Renaissance Guiyang Hotel offers six dining and entertainment options that offer guests a variety of choices including local and international cuisine. New Dynasty is a classic Cantonese restaurant with 10 private dining rooms, while Bai Wei is a casual Chinese restaurant featuring renowned Sichuan and local dishes. BLD is a buffet-style restaurant which showcases cuisine from key cities around the world.

The Chocolate Cake Company is a comfortable café located in the hotel lobby, offering guests quick and delicious snack options. Finally, the hotel is home to two unique bars - the R Bar located in the lobby; and Vue, a roof top bar located on the 23rd floor offering spectacular views of Guiyang.

All 340 guest rooms inclusive of 19 spacious suites are equipped with wireless and High-Speed Internet Access (HSIA), iPod docking stations, flat screen TV’s, state-of-the-art technology and a full array of amenities.  

With its 1,230 square meters of banquet space, including a 700-square meter grand ballroom, the hotel is proud to introduce the Renaissance Hotels "Intriguing Meetings" concept to the city by offering meeting planners a variety of amenities and Renaissance signature experiences including RLife LIVE, Renaissance Hotels hospitality entertainment program. The hotel also offers six function rooms and one VIP room, all equipped with state-of-the-art audio visual facilities.

Additional amenities at the hotel include a state of the art business center, indoor pool and a 24-hour Fitness Center which is fully equipped with cardiovascular machines and Olympics weights. Wireless Internet connectivity is available in all public areas of the hotel.

Developed by Guizhou Zhongdian Hotel Management, Renaissance Guiyang Hotel represents another significant opening for the Renaissance Hotels brand in China, inland Chinese cities, which are widely regarded as an emerging force of economic development and leisure travel in the country.

Guizhou Province is also quickly becoming an attractive destination for leisure travel. With its picturesque scenery, authentic traditions, long history and culture, the city is poised to become a favorite destination for both domestic and international travellers. It boasts many beautiful landscapes such as the renowned Huangguoshu Waterfall, Tian Xing Bridge, Water-Curtain Cave and Rhinoceros Pool (Xi Niu Tan).

For more information or reservations, call Renaissance Guiyang Hotel directly at (86 851) 555 8888 or email reservation.guiyang@renaissancehotels.com; or visit the website at www.renaissanceguiyang.com

RENAISSANCE HOTELS represents a diverse collection of more than 150 hotels in 35 countries worldwide. Each property is unique, offering passionate travelers a one-of-kind experience and memories they will be sure to take with them long after they depart. Within every hotel, guests are greeted by an exceptional array of amenities and an inspiring world of local discoveries. For travelers looking to experience something new, innovative and locally driven programs including the industry leading entertainment platform RLife LIVE as well R Navigator, ensure that every trip is transformed into an eye-opening, unforgettable journey. Renaissance Hotels. Live Life To Discover. To discover more visit www.renhotels.com.  Friend us on Facebook www.facebook.com/RenaissanceHotels.  Follow us on Twitter www.twitter.com/RenHotels

Visit Marriott International, Inc. (NYSE:MAR) for company information.

Connect with jane.cai@marriott.com, melvin.mf.lim@renaissancehotels.com or shuhong.fan@renaissancehotels.com