MARRIOTT TO MANAGE NEW RENAISSANCE HOTEL IN TIANJIN, CHINA; PROPERTY OPENS IN 2002

Marriott International (NYSE:MAR) has been named to manage a new 280-room Renaissance hotel in Tianjin, China. It is scheduled to open in 2002.

Owned by Binjiang International Hotel Co., Ltd., the Renaissance Tianjin Hotel will be part of a mixed used development that will also include approximately 8,400 square meters of office space. It will be centrally located in downtown Tianjin on Nanjing Road. In its immediate neighborhood are the Tianjin Music Hall, the Binjiang Shopping Center and the Tianjin Triumphal Arch Mansion as well as numerous government offices and office buildings. Tianjin is located about 120 kilometers, or a 90-minute drive, southeast of Beijing. The Tianjin International Airport is located about a 20-minute drive from downtown and provides regular air service to four international destinations (Hong Kong, Nagoya, Seoul and Osaka) and a number of domestic cities.

“We are very pleased to see our lodging portfolio in China expand to include this important city,” said Ed Fuller, president and managing director of international lodging for Marriott International. “Tianjin is an important industrial city in China and we look forward to meeting needs of business travelers to the city.”

For dining and entertainment, the Renaissance Tianjin Hotel will have a lobby lounge, casual restaurant offering a permanent grand buffet and a Chinese restaurant that will include eight private dining rooms.Recreational amenities will include an indoor swimming pool and a health and fitness center. Additionally, the hotel will have a gift shop, lobby concierge desk, laundry-valet service, and a fully equipped business center offering a meeting room, two private offices and four work-stations.

For social events and conferences, the Renaissance Tianjin Hotel will have 991 square meters of space. Included will be a 352-square meter junior ballroom that is divisible into two sections, and five additional conference rooms of varying sizes.

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