RENAISSANCE SEOUL HOTEL WELCOMES NEW GENERAL MANAGER

Renaissance Seoul Hotel announces the appointment of its new General Manager, Mr Roderick James Lowe as of June 1st, 2001.

U.K. born, Mr Lowe graduated with a BA (Accounting) from Queensland Technical College Australia. He began his hotel career in 1964 with the Four Seasons Hotel in Canada, and has taken various management courses through Marriott and the Wharton School of Finance. Noted for his specialist skills in Food & Beverage and Accounting, Mr Lowe has excelled as a General Manager in ten hotels worldwide. He has been associated with Sonesta Hotel, Intercontinental Hotel, and also with Marriott International Inc since 1984.

Mr Lowe’s last position as a General Manager was with the Renaissance Sydney Hotel during the 2000 Sydney Olympics. The Renaissance Sydney Hotel was a headquarter hotel for the Olympic Games, and is renowned for accommodating the Olympic National Committees from 199 Countries.

Mr Lowe, a soccer and golf enthusiast with over 37 years experience in hospitality industry, believes that staff and guests are the most important assets, and that “Hotel business is a ‘People Business’, I will try my best in satisfying our guests and associates at the same time, since they go hand in hand in a glove to make a truly great hotel.”

Renaissance Seoul Hotel is a member of Marriott International, Inc. the world’s leading worldwide hospitality company, with over 2,300 operating units in the United States and 59 other countries and territories. Major businesses include hotels operated and franchised under the Marriott, Renaissance, Ritz Carlton, New World, Ramada Int’l, Courtyard, Fairfield, Residence Inn, Town Place Suites and Executive Residences brands. The company is headquartered in Washington D.C., and has approximately 154,000 employees. In the fiscal year 2000, Marriott International reported systemwide sales of $19.8 billion.