MARRIOTT VACATION CLUB INTERNATIONAL ANNOUNCES FIRST RESORT IN EGYPT

Marriott Vacation Club International (MVCI), the Vacation Ownership division of Marriott International, Inc. (NYSE:MAR), announces - Marriott's Sharm Beach Villas - as its first Vacation Ownership resort in Egypt. Situated on the Om el-Seid Bay shoreline near the village of Sharm el-Sheikh, the 104-villa resort (proposed) will be adjacent to the 168-room Renaissance Golden View Hotel opening later this year. Marriott's Sharm Beach Villas is targeted to open February 2002.

"Our project in Sharm el-Sheikh is another tremendous step forward in our global growth strategy," said Stephen P. Weisz, president, MVCI. "Not only is it our first property in the Middle East, but the first time a MVCI resort is bordering a Renaissance hotel. We now have 12 resorts in a mixed-use environment offering our owners the benefit of amenities from both our resort and the full-service property."

Marriott's Sharm Beach Villas will boast spacious one and two bedroom villas ranging in size from 833 to 1,250 square feet with panoramic sea views.

Upon opening, 24 villas will showcase a master bedroom with bathtub and shower, fully-equipped kitchen, separate living and dining areas, multiple televisions with a VCR in the living room, washer and dryer and a balcony.

Sales for the resort begin August 2001 with prices ranging from $10,900 to $14,900 per week of ownership.

Marriott's Sharm Beach Villas

Owners will enjoy access to additional resort amenities of Marriott's Sharm Beach Villas and the Renaissance Golden View Hotel, including:

* Outdoor swimming pool and two children's pools

* Health club and spa

* Children's Activity Center

* Three restaurants, pool grille and lounge

* Water sports/dive center

* The MarketPlaceSM, convenience store and deli

* Business center

* Concierge desk

* Valet service

* Retail shopping

Surrounded by the Sinai Desert Mountains and the Red Sea, Sharm el-Sheikh is considered one of the top 10 diving destinations in the world. Owners and guests can observe the rich coral reefs and native marine life through diving or snorkeling excursions or enjoy camel riding and jeep safaris through the desert.

Additionally, nearby shopping provides items such as leather goods, pottery, clothing and jewelry. Casinos, nightclubs and discos dot the region for evening entertainment.

MVCI is the recognized, worldwide industry leader in Vacation Ownership with 51 resorts in 29 destinations. The more than 185,000 vacation owners not only benefit from the "Marriott vacation experience," but also a flexible program with options such as priority week(s) exchange within the MVCI portfolio, trading their week(s) for Marriott Rewards* points or exchanging within Interval International's global system of nearly 1,900 resorts in more than 75 countries.