The 358-room hotel overlooks Seattle's Elliott Bay and is located along the central waterfront and within walking distance of major attractions and shopping destinations. Ideal for both business and social occasions, the Seattle Marriott Waterfront offers eleven meeting rooms and over 11,000 square feet of meeting space. The hotel's unique contemporary design draws inspiration from its surroundings and incorporates the natural elements of water, light and sky. All guest rooms at the hotel overlook Elliott Bay, with views of the Puget Sound and the Olympic Mountain range.

"This transaction is consistent with our long-standing strategy of managing hotels owned by others," said Arne M. Sorenson, executive vice president and chief financial officer of Marriott International. "We are pleased that CNL Hospitality Properties, Inc. has chosen to expand its portfolio of Marriott International lodging properties with the acquisition of this outstanding new hotel," Mr. Sorenson added.

"We are extremely pleased about our investment in the Seattle Marriott Waterfront, which fits squarely into our strategy of owning premium hotels in major markets and working alongside the industry's leading lodging companies," said Thomas J. Hutchison III, chief executive officer of CNL Hospitality Properties, Inc.

MARRIOTT INTERNATIONAL, INC. is a leading worldwide hospitality company with nearly 2,600 lodging properties in the United States and 66 other countries and territories.