FORTUNE 500 COMPANY PROJECT

MARRIOTT INTERNATIONAL INC: RANK 208 in 2009

PROJECT BY:

NAME: MALIK R. KHAN

ROLL NO.: 72
S.Y.BBA SEM 4
DIV A
MARRIOTT INTERNATIONAL INC
Marriott was founded by J. Willard Marriott 1927 when he and his wife opened a root beer stand
in Washington D.C.. As a missionary in the sweltering, humid summers in Washington, Marriott
was convinced that what the city needed was such a place to get a cool drink. They later
expanded their enterprises into a chain of restaurants and hotels.

Marriott hotel located at Tampa International Airport, taken from top level of parking garage

The Key Bridge Marriott in Arlington, Virginia is Marriott International’s longest operating
hotel, and celebrated its 50th anniversary in 2009. Their son and current Chairman and Chief
Executive Officer, J.W. (Bill) Marriott, Jr. has led the company to spectacular worldwide
growth. Today, Marriott International has about 3,150 lodging properties located in the United
States and 67 other countries and territories.

Marriott International was formed in 1992 when Marriott Corporation split into two companies,
Marriott International and Host Marriott Corporation.

In 2002 Marriott International began a major restructuring by spinning off many Senior Living
Services Communities (which is now part of Sunrise Senior Living) and Marriott Distribution
Services, so that it could focus on hotel ownership and management. The changes were
completed in 2003.
Marriott International headquarters in the Bethesda area of unincorporated Montgomery
County, Maryland, United States

Singapore Marriott Hotel

In April 1995, Marriott International acquired a 49% interest in the Ritz-Carlton Hotel Company
LLC. Marriott International believed that it could increase sales and profit margins at the Ritz, a
troubled chain with a significant number of properties either losing money or barely breaking
even. The cost of Marriott's initial investment was estimated to be about $200 million in cash and
assumed debt. The next year, Marriott spent $331 million to take over the Ritz-Carlton
Atlanta and buy a majority interest in two properties owned by William Johnson, a real estate
developer who had purchased theBoston Ritz Carlton in 1983 and expanded his Ritz holdings
over the next twenty years.

The Ritz began expansion into the lucrative timeshare market among other new initiatives made
financially possible by the deep pockets of Marriott, which also lent its own in-house expertise in
certain areas. There were other benefits for Ritz-Carlton flowing from its relationship with
Marriott, such as being able to take advantage of the parent company's reservation system and
buying power. The partnership was solidified in 1998 when Marriott boosted its interest in Ritz-
Carlton to 99 percent. By 1999 revenues from the 35 hotels it operated around the world totaled
about $1.4 billion.

Marriott International owned Ramada International Hotels & Resorts until its sale on September
15, 2004 to Cendant. It is the first hotel chain to serve food that is completely free of trans fats at
all of its North American properties.

In 2005, Marriott International and Marriott Vacation Club International comprised two of the 53
entities that contributed the maximum of $250,000 to the second inauguration of
President George W. Bush.

On July 19, 2006, Marriott announced that all lodging buildings they operate in the United States
and Canada would become non-smoking beginning September 2006.

Founded in 1927, Marriott

International Inc is one of the world’s largest hospitality groups with over 3,000 lodging
properties, 17 brands and more than 151,000 employees. The company’s sustainability goals are
outlined in its five-point global environmental strategy that focuses on:
· Environmentally sustainable operations and management
· Supply chain
· Green buildings
· Ecological, cultural, and natural preservation
· Employee and guest engagement.
Company information

Marriott International Inc A was organized as a corporation in Delaware in 1997 and became a
public Company in 1998. The Company is a worldwide operator and franchisor of hotels and
related lodging facilities. It is a worldwide operator and franchisor of 2,741 hotels and related
facilities. Its operations are grouped into five business segments: Full-Service Lodging, Select-
Service Lodging, Extended-Stay Lodging, Timeshare and Synthetic Fuel. In the Company's
Lodging business, it operates, develops and franchises under 13 separate brand names in 67
countries and territories. Marriott also operates and develops Marriott timeshare properties under
four separate brand names. The Company earns base, incentive and franchise fees based upon the
terms of its management and franchise agreements. Revenues are also generated from the
following sources associated with the Company's Timeshare segment: selling timeshare intervals
and personal residences, operating the resorts and financing customer purchases of timesharing
intervals. In addition, the Company earns revenues from the limited number of hotels it owns and
leases and the Company earns revenues and generates tax credits from its synthetic fuel
operations. Marriott is a diversified hospitality Company with operations in five business
segments: Full-Service, which includes Marriott Hotels & Resorts, The Ritz-Carlton,
Renaissance Hotels & Resorts and Bulgari Hotels & Resorts; Select-Service, which includes
Courtyard, Fairfield Inn and Springhill Suites; Extended-Stay, which includes Residence Inn,
Towne Place Suites, Marriott Execute stay and Marriott Executive Apartments; Timeshare,
which includes the development, marketing, operation and sale of timeshare, fractional, and
whole ownership properties under the Marriott Vacation Club International, The Ritz-Carlton
Club, Grand Residences by Marriott and Horizons by Marriott Vacation Club brands; and
Synthetic Fuel, which includes the Company's interest in the operation of coal-based synthetic
fuel production facilities

Marriott initially focused its sustainability efforts through its ECHO programme
(Environmentally Conscious Hospitality Operations). ECHO focused on water and energy
conservation, clean air, recycling, wildlife preservation and neighbor hoods clean-ups. Through
this program , it replaced 450,000 incandescent light bulbs with fluorescent lighting, introduced
linen re-use systems, and installed 400,000 low-flow showerheads and toilets at its hotels
worldwide. Marriott has also reduced water usage by more than 15% over the last five years. In
the USA – its largest market – Marriott has the greatest number of US Environmental Protection
Agency ‘Energy Star’ certified hotels of any hotel company to date. Since 2001, all 720US full-
service hotels have been benchmarked for best practices, and 275 have secured the Energy Star
label. Thirty-four of the company’s managed golf courses at 25 locations
Throughout the USA, Canada and the Caribbean are Certified Audubon Cooperative Sanctuaries,
protecting the environment by enhancing precious natural areas and wildlife habitats. In 2007,
Marriott began a partnership with Conservation International to map the company’s carbon
footprint and develop a five-point environmental
strategy for full sustainability. It includes:
· Carbon offsets through the protection of rainforest
· Further reductions in fuel and water consumption – by 25% per available room over the next
ten years – as well as the installation of solar power in up to 40 hotels by 2017
· Engaging the company’s top 40 vendors to supply greener products across 12 categories of
Marriott’s US$10 billion supply chain
· Creation of green construction standards for hotel developers to achieve LEED certification
from the US Green Building Council
· Educating and inspiring company employees and guests to support the environment, including
through green meetings and events. The plan is part of Marriott’s long-term system-wide
environmental policy and focuses on efforts to reduce and offset Marriott’s global footprint,
which was calculated at 3 million metric tons of CO2 emissions annually – or 69.5 pounds per
available room. The calculation was certified in autumn 2008 to Climate, Community and
Biodiversity (CCB) Standards.
Marriot has a company Global Green Council in place to advance its sustainability initiatives.
Nowhere is this better demonstrated than in its US$2 million investment in the Amazonas
Sustainable Foundation which, together with the State of Amazonas in Brazil, helped to
establish, monitor and enforce the protection of 1.4 million acres (589,000 hectares) of
endangered rainforest in the Juma Sustainable Development Reserve. The Juma Project acts as a
sink for carbon emissions through the avoided deforestation of old growth rainforest until 2050.
Additional benefits include forest conservation, an improved quality of life for the local
population, and biodiversity protection.
Marriott’s ongoing sustainability efforts are helping to set new standards for conservation and
environmental stewardship within the global hotel industry.
Marriott’s company-wide energy management system requires uniform auditing and inspection
for each of its properties.
Marriott collects information through a bimonthly hotel audit, called an Energy Awareness
Measure, and daily Routine Inspection Reports which ensure that all properties are actively
involved in the company’s energy conservation action plan.
At the end of each quarter, the individual property’s General Manager and Energy Conservation
Committee meet to review the audit forms and inspection reports that have been filed over the
previous three months.
To date, this method has resulted in an annual US$4.5 million dollar savings to Marriott,
demonstrating that energy conservation also has a valuable return on investment for the
company.

Marriott International, Inc., (NYSE: MAR) is a leading

lodging company with more than 3,000 lodging properties
in the United States and 67 other countries and territories.
Marriott Lodging operates and franchises hotels under the
following brands:

Marriott Hotels & Resorts >>

• Flagship brand of quality-tier,
full-service hotels & resorts
• Provides consistent,
dependable, and genuinely
caring experiences to guests
on their terms
• 521 Marriott Hotels & Resorts
locations worldwide; 343
US, 178 international
• Features include:
- Fully equipped fitness
centers
- Gift shops
- Swimming pools
- Concierge levels
- Business centers
- Meeting facilities
- High-speed Internet access
is available at many hotels
•

JW Marriott Hotels & Resorts >>

• Most elegant and luxurious
Marriott brand
• Provides business and leisure
travelers a deluxe level of
comfort and personal service
on their terms
• 39 JW Marriott Hotels
worldwide; 16 US, 23
international

Renaissance Hotels >>

 • Quality-tier full-service brand
providing guests with the
ambiance of a boutique
• Brand signatures include
interior design, a "street"
restaurant and savvy service
• Features include:
- Business library and center
- Swimming pool
- Fitness centers
- Conference and banquet
facilities
• 143 Renaissance Hotels,
Resorts and Suites; 75 US, 68
international

EDITION Hotels >>

This is the latest edition of luxury
boutique hotels and the perfect
combination of energetic atmosphere,
attitude and style. Each property is
distinctive and designed by award-
winning hotelier Ian Schrager. And,
of course, each EDITION hotel is
located in the most attractive
destinations around the world.

Autograph Collection >>

The Autograph Collection is a diverse
collection of high-personality
independent hotels. It plugs you into
fresh, inventive and positively unique
experiences only an independent can
deliver. Plus, it's the only collection
where you can book a stay via
Marriott.com and earn and redeem
Marriott Rewards.
Courtyard by Marriott >>
• Courtyard offers travelers the
choices and options that let
them make the most of their
time on the road
• More than 800 Courtyard by
Marriott locations worldwide
in over 28 countries
• Features include:
• Guest rooms with
large, well-lit work
desks and ergonomic
chairs.
• Courtyard Suites®
larger rooms available
as well.
• Free Wi-Fi in public
spaces (North and
Central America only).
• Free high-speed
Internet access and
plush bedding in all
guest rooms.
• 24/7 access to food at
The Market
• Business library and
on-site business
services
• Meeting space
• Outside courtyard and
patio area
• Invigorating fitness
room
• Relaxing pool
•

Residence Inn by Marriott >>

• Designed to provide travelers
with everything they need to
thrive on long stays
• Over 580 Residence Inn by
Marriott locations worldwide
• Enjoy lower rates for longer
stays
• Features include:
 • Spacious suites with
separate living and
sleeping areas
• Fully equipped
kitchens
• Free grocery delivery
service
• Free WiFi and in-room
high-speed internet
access
• Inviting outdoor
spaces including Sport
Court®, swimming
pool and barbeque
areas
• Free evening
hospitality hours
• Complimentary hot
breakfast

Fairfield Inn & Suites by Marriott >>

• Provides business and leisure

travelers with everything they
need at an exceptional value
• More than 590 Fairfield Inn
and Fairfield Inn & Suites
locations in the U.S., Canada
and Mexico
• Features include:
• Friendly and helpful
staff to provide all the
assistance you need
• Free, hot breakfast
featuring healthy
options
• Complimentary high-
speed internet service
in rooms and Free
WiFi in the lobby
• Comfortable beds to
help you awake
refreshed and ready to
go
 • Easy to earn Marriott
Rewards for free
nights or free flights
• It's all backed by a
name you can believe
in: Marriott
•

Marriott Conference Centers >>

• Quality-tier brand specializing
in highly effective small- to
mid-sized meetings
• 13 Marriott Conference
Centers in the US
• Properties provide:
- The latest audiovisual
communications technology
- Experiential learning
facilities
- Gourmet conference dining
- Golf
- Recreational/fitness venues
•

TownePlace Suites by Marriott >>

• Mid-priced, extended-stay
brand
• Provides all the conveniences
of home in a residential
atmosphere
• Launched in 1997
• 145 TownePlace Suites by
Marriott locations in the US
•

SpringHill Suites by Marriott >>

• All-suite hotel offering
inspiring style at an affordable
price
• More than 230 SpringHill
Suites by Marriott locations
worldwide
• Features include:
 • Complimentary daily
breakfast buffet
• Spacious guest suites
with separate areas for
sleeping, working and
relaxing
• In-suite microwave
and mini-fridge
• Pull-out sofa bed
• Free Wi-Fi in public
spaces and free high-
speed internet access
in all guest suites
• Relaxing pool and
whirlpool/spa
• Invigorating fitness
room
• Lobby computer and
on-site business
services
• 24/7 access to food
and beverages in The
Market

Marriott Vacation Club® >>

• Marriott Vacation Club is the

recognized global leader in
timeshare, providing nearly
400,000 families with a
lifetime of unforgettable
vacations and an exceptional
standard of service.
• Choose from more than 50
resorts in some of the most
desirable beach, golf and ski
destinations worldwide.
• Spacious 1-, 2- and 3-bedroom
villa accommodations offer all
the conveniences of home.
• Owners have the option to
trade for Marriott Rewards®
points, or exchange through
membership in Interval
International® for access to
 more than 2,400 resorts in 75
countries around the world
•
•

The Ritz-Carlton Hotel Company, L.L.C. >>

• Worldwide symbol for the
finest in accommodations,
dining, and service
• Twice a recipient of the
Malcolm Baldrige National
Quality Award
• Over 70 Ritz-Carlton hotel
and resort locations worldwide
• Hotels and resorts offer
signature service amenities
• Fine dining
• 24-hour room service
• Twice-daily
housekeeping
• Fitness centers
• Business centers
• Concierge services

The Ritz-Carlton Destination Club >>

• The Ritz-Carlton Destination

Club is an equity-based luxury
vacation program
• Members select either a Home
Club Membership which
provides use of a residence at
a property they can return to
every year, or a Portfolio
Membership which affords the
opportunity to discover a wide
variety of worldwide locations
and experiences.
•

Marriott ExecuStay >>

 • Fully furnished corporate
housing to executives and
travelers who need temporary
accommodations for a month
or longer
• Features include:
- Well-maintained properties
in convenient locations
- Flexible lease terms and
options
- Consistently high level of
service
- Competitive pricing
• Individually selected,
attractively furnished and
customized to satisfy each
individual's needs
• ExecuStay apartments are
managed in 45 major markets

Marriott Executive Apartments >>

• Corporate housing brand
designed to meet the needs of
business executives on an
overseas assignment of 30
days or more
• Offer travelers residential
accommodations with hotel-
like amenities
• 18 Marriott Executive
Apartments internationally
•

Hotel Directory — All Brands

Country US State

Argentina Alabama
Armenia Alaska
Aruba Arizona
Australia Arkansas
Austria California
Bahrain Colorado
Belgium Connecticut
Brazil Delaware
Canada District of Columbia
Cayman Islands Florida
Chile Georgia
China Hawaii
Colombia Idaho
Costa Rica Illinois
Curacao Indiana
Czech Republic Iowa
Denmark Kansas
Dominican Republic Kentucky
Ecuador Louisiana
Egypt Maine
El Salvador Maryland
France Massachusetts
Georgia Michigan
Germany Minnesota
Ghana Mississippi
Greece Missouri
Guam Montana
Honduras Nebraska
Hungary Nevada
India New Hampshire
Indonesia New Jersey
Ireland New Mexico
Israel New York
Italy North Carolina
Japan North Dakota
Jordan Ohio
Kazakhstan Oklahoma
Kuwait Oregon
Malaysia Pennsylvania
Mexico Rhode Island
Netherlands South Carolina
Oman South Dakota
Pakistan Tennessee
Panama Texas
Peru Utah
Philippines Vermont
Poland Virginia
Portugal Washington
Puerto Rico West Virginia
Qatar Wisconsin
Romania Wyoming
Russia
Saudi Arabia
 Singapore
South Korea
Spain
St. Kitts and Nevis
Suriname
Sweden
Switzerland
Thailand
Trinidad & Tobago
Turkey
United Arab Emirates
United Kingdom
Venezuela
Vietnam
Virgin Islands (US)

MARRIOTT INTERNATIONAL INC HOTEL CHAINS

Marriott Hotels
Renowned for its "spirit to serve," consistent quality and genuine care, Marriott Hotels is the
most trusted name in accommodations. For business, leisure or group events, Marriott Hotels
and Resorts will meet your every need by providing business centers, room service, concierge
services and more. Whether you are traveling across the state or across the globe, you can
make the most of your travel with Marriott Hotels & Resorts.

Country US State

Argentina Alabama
Armenia Alaska
Aruba Arizona
Australia California
Austria Colorado
Belgium Connecticut
Brazil District of Columbia
Canada Florida
Cayman Islands Georgia
Chile Hawaii
China Illinois
Colombia Indiana
Costa Rica Iowa
Curacao Kansas
Czech Republic Kentucky
Denmark Louisiana
Ecuador Maine
Egypt Maryland
France Massachusetts
Georgia Michigan
Germany Minnesota
Ghana Mississippi
Greece Missouri
Guam Nebraska
Honduras Nevada
Hungary New Hampshire
India New Jersey
Indonesia New Mexico
Ireland New York
Italy North Carolina
Japan Ohio
Jordan Oklahoma
Kazakhstan Oregon
Kuwait Pennsylvania
Malaysia Rhode Island
Mexico South Carolina
Netherlands Tennessee
Oman Texas
Pakistan Utah
Panama Virginia
Peru Washington
Philippines West Virginia
Poland Wisconsin
Portugal
Puerto Rico
Qatar
Romania
Russia
Saudi Arabia
Singapore
South Korea
Spain
St. Kitts and Nevis
Switzerland
Thailand
Turkey
United Arab Emirates
United Kingdom
Venezuela
Virgin Islands (US)
Renaissance Hotels
Featuring distinctive decors, imaginative dining and attentive service in fantastic destinations around
the world, at Renaissance Hotels and Resorts we will delight your senses and inspire your
imagination. See our list of Renaissance Hotels & Resorts below and discover the stylish way to
stay.

Country US State

Aruba Alabama
Austria Arizona
Belgium California
Brazil Colorado
Canada District of Columbia
China Florida
Curacao Georgia
Dominican Republic Illinois
Egypt Indiana
France Iowa
Germany Louisiana
India Maryland
Ireland Massachusetts
Israel Michigan
Italy Minnesota
Japan Missouri
Kazakhstan Nevada
Malaysia New Jersey
Netherlands New York
Portugal North Carolina
Puerto Rico Ohio
Qatar Oklahoma
Russia Pennsylvania
South Korea Rhode Island
Spain South Carolina
Sweden Tennessee
Switzerland Texas
Thailand Virginia
Turkey Washington
United Arab Emirates
United Kingdom
Vietnam

Courtyard Hotels
Courtyard is the smart, dynamic hotel that helps travelers make the most of their time on the road.
With over 800 hotels worldwide, Courtyard provides helpful staff, free Wi-Fi* in public spaces and
free high-speed Internet access, plush bedding and ergonomic work spaces in all guest rooms.
Business libraries, 24-hour access to food and freshly cooked-to-order breakfasts; Courtyard has it all.
*Available in North and Central America only.

Country US State

Australia Alabama
Austria Alaska
Belgium Arizona
Canada Arkansas
China California
Costa Rica Colorado
Czech Republic Connecticut
Dominican Republic Delaware
Ecuador District of Columbia
El Salvador Florida
France Georgia
Georgia Hawaii
Germany Idaho
Hungary Illinois
India Indiana
Ireland Iowa
Italy Kansas
Japan Kentucky
Kuwait Louisiana
Mexico Maine
Netherlands Maryland
Panama Massachusetts
Poland Michigan
Puerto Rico Minnesota
Qatar Mississippi
Russia Missouri
South Korea Montana
Suriname Nebraska
Sweden Nevada
Switzerland New Hampshire
Thailand New Jersey
Trinidad & Tobago New Mexico
Turkey New York
United Arab Emirates North Carolina
United Kingdom Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
 South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

Extended Stay Hotels

More home than hotel, Residence Inn extended stay hotels provide everything you need to help you
maintain a balance between work and life – even on the road. Featuring spacious suites with full kitchens,
complimentary hot breakfast and evening social hours, you can enjoy home-like comforts at every
Residence Inn extended stay hotel.

Country US State

Canada Alabama
Costa Rica Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
 Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin

Fairfield Inn & Suites Hotels

Discover Fairfield Inn business travel hotels and enjoy our most affordable welcome on the road. With
bright, fresh, clean rooms and Marriott’s award-winning hospitality at a price that will make you smile,
Fairfield Inn business travel hotels makes life on the road comfortable – and easy on your budget.

Country US State

Canada Alabama
Mexico Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Idaho
Illinois
Indiana
 Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

Marriott Conference Centers Hotels

Host your next meeting at Marriott Conference Center hotels and allow our superior services and
expertise help you create a successful, productive event. With Marriott Conference Center hotels in easy-
to-reach locations, plus an array of services and amenities designed to meet the exacting demands of
business people, our facilities offer everything you need to put your best foot forward.
Country US State

Georgia
Illinois
Maryland
Ohio
Tennessee

Marriott Vacation Club Hotels

Make every vacation the perfect vacation with Marriott Vacation Club hotels. Featuring resort
ownership in premier destinations worldwide, the option to exchange vacations at other great
Marriott locations, and our award-winning services and amenities, you can travel the world in
comfort and style. Marriott Vacation Club hotels offer guests exceptional one-, two- and three-
bedroom villas with spacious living and dining areas, master bedroom and bath, private balcony,
full kitchen and washer/dryer.

Country US State

Aruba Arizona
France California
Spain Colorado
St. Kitts and Nevis Florida
Thailand Hawaii
United Kingdom Massachusetts
Virgin Islands (US) Missouri
Nevada
New Jersey
South Carolina
Utah
Virginia

Autograph Collection Hotels

The Autograph Collection is a diverse collection of high-personality independent hotels. It plugs you
into fresh, inventive and positively unique experiences only an independent can deliver. Plus, it's the
only collection where you can book a stay via Marriott.com and earn and redeem Marriott Rewards.

Country US State

Florida
Georgia
New Mexico
North Carolina
New Hotels
Country US State

Canada Alabama
China Arizona
Colombia California
Germany Colorado
Ghana Florida
Hungary Georgia
India Hawaii
Kazakhstan Idaho
Oman Illinois
Qatar Indiana
Russia Kentucky
Sweden Louisiana
Switzerland Maryland
Thailand Massachusetts
United Kingdom Michigan
Mississippi
Nebraska
New Hampshire
New Jersey
New Mexico
New York
North Carolina
Ohio
Oklahoma
Pennsylvania
South Carolina
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wyoming

Marriott
MARRIOTT’S PLANS INDIA EXPANSION

Marriott is to more than triple its hotel brands portfolio in India by year end 2010 as the
company's presence in the country grows to encompass 21 properties, six lodging brands ranging
from luxury to upper-moderate categories, and an additional 3,324 rooms

Included in the expansion are three JW Marriott Hotels & Resorts properties and one Ritz-
Carlton hotel in the luxury tier; one Marriott Hotels & Resorts hotel and one Renaissance Hotels
& Resorts property in the upscale, deluxe category; one Marriott Executive Apartments property
for extended-stay travelers; and eight Courtyard by Marriott hotels in the upper-moderate
segment.

Recently announced are six hotels, all of which are expected to open in 2009. They join nine
previously announced properties that are soon to start, or are currently under construction in
Bangalore, Gurgaon, Hyderabad, Kolkata, Mumbai, Noida and Pune. In addition, the existing
286-room Renaissance Mumbai Hotel is undergoing a 302-room expansion that is scheduled for
completion in 2008. The newly announced hotels are the 371-room JW Marriott Hotel Chennai;
the 328-room Renaissance Bangalore Hotel; the 129-unit Marriott Executive Apartments
Gurgaon; the 170-room Courtyard by Marriott Ahmedabad; the 299-room Courtyard by Marriott
Mumbai International Airport; and the 210-room Courtyard by Marriott Pune City Centre.

Having launched its premium business hotel, Courtyard by Marriott in Ahmedabad, leading
hospitality player Marriott International Inc. is now looking at opening seven more hotels across
the country in luxury, boutique and moderate segments. Marriott International, which runs hotels
brands including The Ritz -Carlton, JW Marriott Hotels & Resorts, Marriott Hotels & Resorts,
Renaissance Hotels & Resorts and Courtyard by Marriott, opened its 10th hotel and fifth
Courtyard by Marriott hotel in India.

30 more hotels being developed across the country. Of these, seven will be opened in 2010
including three JW Marriott in Bangalore, Chennai and Chandigarh, one Marriott in Pune, one
Renaissance in Bangalore and two Courtyard by Marriott in Pune and Mumbai."
Marriott also recently opened a development office New Delhi.

Kolkata, Chandigarh, and Hyderabad are the destinations of the three new hotels - this brings
the total number of groupo properties in India to 25, representing six brands and 6,224 rooms, by
2011.

Three more hotels will join Marriott International’s rapidly expanding hotel portfolio in India, all
three of these hotels will be operated by Marriott under long-term management contracts.
The three new hotels are:

• 175-room JW Marriott Hotel Chandigarh (2011)

• 300-room JW Marriott Hotel Kolkata (2011)
• 113-unit Jubilee Hills, Hyderabad Marriott Executive Apartment (2011)

“We are thrilled by the continued growth of our lodging portfolio in India,” said Ed Fuller,
president & managing director of international lodging for Marriott International. “These new
hotels will enable us to offer travelers to and within India a broad range of choices in many key
cities throughout the country and will position us to play a meaningful role in the emergence of
India as a major contributor to the global economy.”

JW Marriott Hotel Chandigarh & JW Marriott Hotel Kolkata

JW Marriott is Marriott International’s sophisticated hotel brand that appeals to consumers with
a preference for understated luxury, authenticity, and where indulgences have a purpose and
where its guests can truly be themselves.

Scheduled to open in 2011, the 175-room JW Marriott Hotel Chandigarh will be the fifth
representative of its brand in India and the first internationally-branded hotel in Chandigarh. It is
owned by Uppal Builders Pvt. Ltd. The JW Marriott Hotel Chandigarh will be situated in the
heart of the city within 2 kilometers of Sector 17, which is the central business district and a
prominent retail area. The Chandigarh Airport is 12 kilometers away.

The 300-room JW Marriott Hotel Kolkata will be the sixth JW Marriott hotel in India and is
owned by Emaar MGF Private Limited. It will be part of a mixed-use development on the
Eastern Metropolitan Bypass that is accessible to various Kolkata points of business and local
interest. The development will also include a shopping mall with 5,000 square meters of retail
space and another hotel.

Accommodations at both the JW Marriott Hotel Chandigarh and the JW Marriott Hotel Kolkata
will feature luxurious marble baths with separate tubs and showers, Marriott’s renowned plush
bed and bath linens, high-end bath amenities, flat screen television and high-speed internet
access. Also included will be an executive floor and club lounge.

For dining and entertainment, both hotels will offer three restaurants including an all-day casual
restaurant and two specialty restaurants. A spacious lobby lounge, a quiet bar and a pool bar will
round-out the hotels’ dining options. In addition, the JW Marriott Hotel Chandigarh will have a
deli-lounge.

Additional amenities at both hotels will include a full Spa and an outdoor swimming pool; a
fitness center; a business center with small offices and meeting rooms; a beauty and barber shop;
and a gift shop.

For conferences and social events, the JW Marriott Hotel Chandigarh will have 867 square
meters of space including a 585-square meter ballroom which will be divisible into six sections
and three additional meeting rooms in varying configurations.

At the JW Marriott Hotel Kolkata, social and conference space will include a 750-square meter
ballroom that will be divisible into five sections, a 60-square meter boardroom and three
individual meeting rooms in varying configurations, each of which will be divisible into two
sections.

Jubilee Hills Hyderabad Marriott Executive Apartments

The 113-unit Jubilee Hills Hyderabad, Marriott Executive Apartments is owned by Viceroy
Hotels Ltd. When opened in 2011, it will be the third representative of its brand in India in
addition to the existing Lakeside Chalet, Mumbai, Marriott Executive Apartments and the under-
construction Marriott Executive Apartments in Gurgaon that is scheduled to open in 2010.

The property will be located in the residential Jubilee Hills area of Hyderabad, an exclusive,
highly-sought-after residential area in Hyderabad within close proximity of the city’s current
central business district, Hitec City and Gachibowli, which house the majority of companies in
the IT and biotechnology industries in the city.

MARRIOTT EXPANSION IN EUROPE

Now Marriott International has just announced plans to double its presence in Europe by 2015,
increasing its portfolio from 40,000 rooms to 80,000 rooms. Of the Marriott chain's eighteen
brands, seven are currently represented in Europe. The expansion in Europe includes some 30
projects.

The Renaissance Moscow Monarch Center Hotel, the Courtyard by Marriott Budapest, and the
JW Marriott Hotel Ankara are all expected to be completed this year. Marriott will open its first
European Residence Inn, an extended stay brand, in Munich in 2012.
Additional European expansion will include two new Marriott brands: Edition, a boutique-
lifestyle collaboration between Ian Schrager and Marriott, and the Autograph Collection,
comprised of independent hotels and resorts that represent luxury properties with distinctive
personalities. Marriott intends for the Autograph Collection to compete with Europe's
independent, smaller upscale hotels.