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Pyramid Advisors LLC and Morgan Stanley Partnership
Reflags Adam's Mark Houston as Houston
Marriott Westchase

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WASHINGTON, June 3, 2004 - Marriott International, Inc. announced today that the Adam's Mark Hotel in Houston has been reflagged as the Houston Marriott Westchase.  The 600-room hotel is located at 2900 Briarpark Drive and will operate as a Marriott franchise, owned by a partnership consisting of Pyramid Advisors LLC and Morgan Stanley.  The property will be managed by Pyramid Advisors.

"This project is exciting and comprehensive," said James Dina, Pyramid Advisors principal and chief operations officer.  "We have updated the guest rooms, meeting and catering facilities and public spaces, and we are looking forward to adding additional touches that will further enhance the guest's experience by year end."

Vice President and Managing Director Harry Greenblatt said the extensive $18 million renovations at the hotel, coupled with the Marriott brand, will allow the hotel to showcase the vibrancy of the Westchase District.  "We're delighted to be a part of the Marriott family of hotels, and we look forward to welcoming our past guests and introducing new visitors to this thriving destination," he said.

The Houston Marriott Westchase is the largest Marriott hotel in Houston and is in close proximity to many area companies, including ABB, BMC Software, ChevronTexaco, ExxonMobil, Halliburton and Honeywell.  The property is within 21 miles of Houston Hobby International Airport and 32 miles from Houston Intercontinental Airport.  Area attractions nearby include the Houston Galleria, Memorial Park and Golf Course and the Museum District.

The hotel renovations are designed to provide a strong sense of Southern hospitality with elements that reflect the feel of a "Texas living room."  As guests enter the lobby, they find a setting that features stone and rustic tiles set off by a blend of woods and textured fabrics.  A unique lighting setup changes hues throughout the day to emulate a Texas sunset.  Artwork around the hotel reflects Texas' history, with prints featuring well-known Texas symbols and historic landmarks.

Guest rooms have a fresh, residential feel and are furnished with contemporary, dark mahogany furniture, complemented by mint, navy and yellow fabrics.  Amenities include a work desk with ergonomic desk chair, high-speed internet access, wireless capabilities, telephone with data port and voice mail, cable television with pay-per-view movies, hair dryer, coffee and tea service, and iron and ironing board.  A concierge level with upgraded amenities and concierge lounge serving daily continental breakfast and evening reception with cocktails is also available.

MORGAN STANLEY REAL ESTATE FUND (MSREF) is a private real estate investment fund affiliated with and sponsored by Morgan Stanley.  Since its inception in 1991, MSREF has acquired over $25 billion in real estate in four domestic and two international funds.

PYRAMID ADVISORS LLC was formed in 1999 as a hotel development, management, advisory and project management firm serving clients in all phases of the hospitality industry.  Principals of the Boston-based firm have a combined 75 years of senior-level hospitality experience and leadership.  These principals are Richard M. Kelleher, the former president and chief executive officer of Doubletree Hotels Corporation and former president and chief operating officer of Promus Hotels Corporation; James R. Dina, the former chief operating officer of Red Lion Hotels & Inns; Warren Q. Fields, the former VP of development for Doubletree and former VP of operations for Promus; and Jim Reiser, the former VP of corporate real estate for America West Airlines and director of construction for Doubletree Hotels Corporation.

MARRIOTT INTERNATIONAL, INC. (NYSE: MAR) is a leading worldwide hospitality company with over 2,700 lodging properties in the United States and 68 other countries and territories. 


 
Contact:
Marriott International, Inc.
Web Site: http://www.marriott.com 
Also See: The 604-room Adam's Mark Hotel, Houston, Gets New Owners, $18 million Renovation and New Name - Marriott Houston Westchase Hotel / October 2003
HBE Corporation Sells Eight Adamís Mark Hotels for $236 million to Pyramid Advisors/Morgan Stanley Joint Venture / January 2004


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