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Hong Kong International Airport Under an Agreement Reached with Union Sky Holdings Limited Washington , DC - 15 August 2006 - Marriott International, Inc. (NYSE:MAR) will manage what will ultimately be a 1,000-room hotel at the Hong Kong International Airport under an agreement reached with Union Sky Holdings Limited, a partnership between Shun Tak Holdings Limited and Dragages Hong Kong Limited. When opened in the second half of 2008, the hotel will be Marriott International�s fifth hotel in Hong Kong. The Hong Kong SkyCity Marriott Hotel will be part of SkyCity, which is a large mixed-use complex that has been planned by the Hong Kong Airport Authority adjacent to the terminal of the Hong Kong International Airport. In addition to the hotel, SkyCity will include AsiaWorld-Expo, an exhibition center and arena with more than 70,000 square meters of rentable space (expandable to 100,000 square meters) that opened late last year; SkyPlaza, a complex adjacent to the airport terminal offering approximately 68,000 square meters of office, retail and entertainment facilities; SkyPier, which will provide ferry service to Macau and other destinations in the Pearl River Delta; and a nine-hole golf course. The hotel will be situated on the waterfront and will offer excellent views of the South China Sea. Its location will also be very convenient for both Hong Kong residents and visitors, as the hotel will be located within a short drive of Hong Kong Disneyland and will be easily accessible to Hong Kong�s central business district via an approximately 25-minute ride on an express train. The hotel will be built in two stages, with 658 rooms opening in the
first phase and the remaining 342 rooms opening in the second phase.
Construction on the first phase of the hotel is expected to begin later
this year.
Rendering of SkyPlaza and AsiaWorld-Expo "Hong Kong is one of the world's great cities. It is a vibrant financial and commercial center in Asia and is one of the world's most attractive destinations for conferences and incentive travel. We share the vision of Shun Tak, Dragages and the Hong Kong Airport Authority regarding the future success of the SkyCity mixed-use complex, and we are very excited to be a part of this project and the rapid development taking place today at the Hong Kong International Airport," said Ed Fuller, president and managing director of international lodging at Marriott. The design for the Hong Kong SkyCity Marriott Hotel has not yet been finalized. The Marriott International lodging portfolio in Hong Kong is currently represented by the JW Marriott Hotel Hong Kong, the Renaissance Harbour View Hotel Hong Kong, the Renaissance Hotel Kowloon and The Atrium, Marriott Executive Apartments. MARRIOTT INTERNATIONAL, INC. (NYSE: MAR) is a leading lodging company with nearly 2,800 lodging properties in the United States and 67 other countries and territories. |
| Contact:
June Farrell
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| Also See: | Novotel Citygate Hong Kong Opens; 440 room Hotel the Site Hotel Partner of AsiaWorld-Expo / April 2006 |
| Hong Kong Hotel Occupancy Recovers, Ends 2004 at 83.4%; Tourist Arrivals Up 40% Over 2003 / Deloitte / March 2005 |
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