MARRIOTT TO MANAGE NEW EXECUTIVE APARTMENTS HOTEL IN DALIAN, CHINA; HOTEL TO OPEN IN 2002

Marriott International (NYSE:MAR) has been named to manage an 83-unit Marriott Executive Apartment hotel in Dalian, China that is expected to open in 2002.

Dalian is China’s third largest seaport city and is located on the southern tip of Liaoning Province. It serves as a major financial center for northern China and enjoys a strong industrial base, particularly in shipbuilding and the production of locomotives, machinery and building materials.

Owned by Dalian Jinzuo Estate Development Co., Ltd., the Dalian Marriott Executive Apartments is part of mixed-use development on Zhong Shan Road in the heart of the city near the Dalian Railway Station. The site will also be home to the 343-room Dalian Marriott Hotel that is currently under construction. The development will also encompass 80,000 square meters of office space and 25,000 square meters of retail space.

“We are delighted that Dalian Jinzuo Estate Development Co. has decided to expand the hotel components of this project to include our Executive Apartments lodging brand,” said Ed Fuller, president and managing director of international lodging for Marriott International. “We are confident that we will be able to offer visitors to Dalian a superior lodging choice whether they are staying for a few days or a month or more.”

Offering travelers residential accommodations with hotel-like amenities, Marriott Executive Apartments are designed to meet the housing needs of business executives on an overseas assignment of 30 days or more.

The Dalian Marriott Executive Apartments will encompass 83 one-, two- and three-bedroom units. Hotel-like amenities will include 24-hour security, a living room, a full kitchen offering dishwasher and microwave, a dedicated work area and desk, double telephone lines with voicemail and PC hook-up and VCR, a multi-purpose/game room, resident service desk and private lounge, on-property resident storage room and a sundry/gift shop. Additionally, the Dalian Marriott Executive Apartments will share several amenities with the Dalian Marriott Hotel including room service, a business center, an indoor swimming pool and health club. Residents of the Dalian Marriott Executive Apartments will also have the flexibility of short-term leases.

Marriott Executive Apartments are now located in Hong Kong, Budapest, Prague and Mumbai and are under construction in Bangkok, Shanghai and Dubai.

The Marriott International lodging portfolio in China currently consists of 26 properties embracing seven of its lodging brands: Marriott, Renaissance, Courtyard, New World, Ramada, Marriott Executive Apartments and Ritz-Carlton which is operated as a separate business unit. Under construction are the Courtyard by Marriott Pudong, Marriott Executive Apartments and the JW Marriott Hotel, all of which are in Shanghai; the Renaissance Tianjin Hotel and the Dalian Marriott Hotel.