MARRIOTT INTERNATIONAL NAMED TO MANAGE TWO PROPERTIES IN MIDDLE EAST

Marriott International (NYSE:MAR) has been named to manage two new properties in the Middle East. They are: the 168-room Renaissance Golden View Hotel, Sharm el Sheikh on the Red Sea in Egypt and the 300-room Aqaba Marriott Hotel and Resort on the Gulf of Aqaba in Jordan. The Renaissance hotel will open later this year and will be the seventh property in the company’s lodging portfolio in Egypt; the Aqaba resort will open in 2004 and will be the fourth hotel in the company’s portfolio in Jordan.

In addition to the Renaissance Golden View Hotel, Sharm el Sheikh, the property will feature Marriott’s Sharm Beach Villas, a 104, one- and two-bedroom villas Vacation Ownership resort located on Om el-Seid Hill. The villas will be sold, developed and operated by Marriott Vacation Club International. The hotel will be the second property in Egypt to carry the Renaissance brand flag.

“We are very pleased to see our lodging portfolio in the Middle East expand with these two magnificent properties,” said Ed Fuller, president and managing director for international lodging at Marriott International. “Both Egypt and Jordan are wonderful destinations offering varied tourism attractions and experiences. We are confident that both new properties will be welcomed additions to the tourism infrastructure of both countries.”

The Renaissance Golden View Hotel, Sharm el Sheikh is owned by Kiroseiz for Touristic Investment Co., S.A.E. and will be located on a lushly landscaped site approximately six miles south of the Marriott Sharm el Sheikh Resort at Na’ama Bay. The entire complex boasts a 550 square meter seafront, broken by a number of small secluded beaches and bays. Most of the hotel rooms within the low-rise development will have views of the Red Sea. Raw Nosrani International Airport, Na’ama Bay and the village of Sharm el Sheikh will be within a short driving distance away.

For dining and entertainment, the Renaissance Golden View Hotel, Sharm el Sheikh will have several food and beverage outlets, including three restaurants, a pool grill, a lobby lounge and a pub.

Recreational amenities will include a health club and an outdoor swimming pool. Other amenities will include a business center, 24-hour room service, in-room mini-bar, laundry/valet service, airline/car rental/tour desk, a children’s play area, a water sports/dive center, retail shopping and a long for Marriott Vacation Ownership International villa owners.

For conferences and social events, the Renaissance Golden View Hotel, Sharm el Sheikh will offer 5,130 square feet of space including a 3,000 square-foot banquet room that will be divisible into two sections and two individual meeting rooms offering 1,830 square feet of space.

The Marriott International lodging portfolio in Egypt is currently represented by the 171-room Renaissance Alexandria Hotel, the 1,250-room Cairo Marriott Hotel, the 270-room Hurghada Marriott Beach Resort and the 216-room Sharm el Sheikh Marriott Resort. Opening later this year in Egypt is the 425-room JW Marriott Resort, Golf Club & Spa Mirage City Cairo and the 310-room Taba Marriott Beach Resort on the Red Sea on the Red Sea on the South Sinai peninsula.

The Aquaba Marriott Hotel and Resort is owned by Business Tourism Company L.L.C. It will be located on the north beach of the Gulf of Aqaba and will offer direct frontage to its own beach. Aqaba’s airport is situated north of the town. Amman, the capital of Jordan, is a 45-minute flight away.

For dining and entertainment, the Aqaba Marriott Hotel and Resort will have several food and beverage outlets. These will include a casual and a specialty restaurant which will offer seasonal outdoor terrace seating as well as a lobby bar, a themed bar and a pool bar.

Recreational amenities will include a health club, a swimming pool, two tennis courts, access to water sports and a children’s play area. Other amenities will include 24-hour room service, a business center, in-room mini-bar, a gift shop and retail shopping space.

For conferences and social events, the Aqaba Marriott Hotel and Resort will have 10,200 square feet of space including a 6,000 square-foot ballroom that will be divisible into three sections and three interconnecting 1,000 square-foot meeting rooms and two 600 square-foot meeting rooms. Additional seasonal outdoor function space will be available on the grounds.

The Marriott International lodging portfolio in Jordan includes the 294-room Amman Marriott hotel. The 216-room Jordan Valley Marriott Resort at the Dead Sea will open in late 2001 and the 100-room Petra Hotel will be converted to the Petra Marriott Hotel following an extensive renovation.