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White Lodging to Build a 1,003-room Marriott Marquis
 in Austin, Texas

To be the Largest Hotel in Austin


MERRILLVILLE, Ind., July 1, 2011-- White Lodging Services Corporation announced today after Austin city council approval of a $4.3 million fee waiver package that it will build a 1,003-room, 26-story Marriott Marquis in downtown Austin. With the project equity commitment already secured through internal sources and with the support of the city, the largest hotel in Austin will be developed and managed by White Lodging and owned by White Lodging affiliates. Construction is set to begin June 1, 2012 and the Marriott Marquis is scheduled to open in January 2015.

Located in the heart of downtown on Congress Avenue between 2nd and 3rd Streets, the Marriot Marquis is two blocks from the Austin Convention Center and poised to take the City of Austin to a new level in the national convention and meeting market. Plans for the hotel include 104,000 square feet of flexible meeting, banquet and exhibition space, multiple food and beverage venues, 374 underground parking spaces, and a 4,500 square foot fitness center.

"We believe this project will make a very positive statement for the City in the eyes of national meeting planners and, in turn, will induce more incremental group business to downtown Austin," said Deno Yiankes, White Lodging's President and CEO of Investments & Development. "In today's environment, a project of this scale will not get completed without the required cash equity in place and thankfully, our owners have committed the internal funds to get this project built."

A boost to Austin's economy, construction of the hotel over the next three years will generate over 500 full time construction jobs. Once completed, it is estimated that the property will employ over 700 permanent employees pushing White Lodging's total number of employees in greater Austin to over 1,300.

Already the largest hotelier in the City, White Lodging's managed portfolio in Austin will grow to 22 properties with over 4,200 guestrooms with the opening of the Marriott Marquis. The company's other Austin properties include Courtyard by Marriott, Fairfield Inn and Suites by Marriott, Hilton Garden Inn, Holiday Inn, Marriott Hotel, Hyatt Summerfield Suites, Residence Inn by Marriott, SpringHill Suites by Marriott, and Westin Hotel brands. Most recently, White Lodging opened the 340-unit Westin Hotel @ The Domain in March, 2010 and anticipates breaking ground on the 296-unit Hyatt Place hotel located at 3rd Street and San Jacinto in August of this year.

Marriott Hotels & Resorts is Marriott International's original and most widely distributed, iconic brand with 500 hotels and resorts in 60 countries. Upon opening, the Marriott Marquis Austin Convention Center will be one of only five Marriott Marquis properties in the country (Atlanta, Miami, New York City, San Francisco, and Washington, DC).

White Lodging Services Corporation was established in 1985 and is headquartered in Merrillville, Indiana. White Lodging is a fully integrated hotel ownership, development, and operations company – a recognized leader that has defined and cultivated the ability to achieve consistent, sustainable growth among mid- to large-scale hotels across the country. Their current portfolio consists of over 155 hotels in 18 states and encompasses representation of the following leading brands: Marriott International, Inc., Hilton Worldwide, Hyatt Global, Starwood Hotels and Resorts, InterContinental Hotel Group, and Carlson Hotels Worldwide.

www.whitelodging.com
.
Contact:

White Lodging
www.whitelodging.com
 219-472-2900

 
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Also See: White Lodging Appoints Jerry Keyes as General Manager at the Courtyard by Marriott on Chicago's Magnificent Mile / June 2011

White Lodging in a Joint Venture and Franchise Agreement with Hyatt to Build and Operate 296-room Hyatt Place Austin Downtown in Austin, Texas / May 2011

White Lodging Named Starwood's Full Service Developer of the Year for North America / April 2011

White Lodging Restructuring into Two Divisions; Full Service to be Lead by Current COO, Jon Peck, and Select Service to be Lead by New Hire Bryan Hayes / February 2011

White Lodging Appoints Robert Morse as Senior Director of Revenue Management for its 26 Hotel Full-Service Division / February 2011

White Lodging Names John O'Connor as Regional VP for Properties in Northwest Indiana, Central Indiana and Memphis, Tennessee / January 2011

White Lodging Promotes Angie Summar to General Manager for the Fairfield Inn & Suites in Valparaiso, Indiana / January 2011

White Lodging Names Andrew Lawrence General Manager for Holiday Inn Express & Suites in Merrillville, Indiana / January 2011

White Lodging Promotes Leah Goebel to General Manager for the 112-room Residence Inn Louisville NE / January 2011

White Lodging Promotes Mary Pat Hartman to General Manager for SpringHill Suites/Fairfield Inn & Suites Louisville Downtown / January 2011

White Lodging Names Kathleen Howell as Director of Sales for the Hilton Garden Inn Austin North / January 2011

White Lodging Names Ken Stone Regional Director of Sales and Marketing / November 2010

White Lodging Transferring 16 Marriott & Hilton Hotels to Apple Real Estate Investment Trust; All Properties to Remain Under White Lodging Management Agreements / November 2010

Jean Smith Named to Regional Vice President Position With White Lodging / October 2010

Bob Jensch Named to Regional Vice President Position With White Lodging / June 2010

White Lodging Names Mark Aftanski to Lead Illinois Select Service Hotels as Regional Vice President / March 2010
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