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Ian Schrager and Marriott International to Open Five
New EDITION Hotels in Gateway Cities

New York, Bangkok, Abu Dhabi, Los Angeles and Gurgaon, India


NEW YORK, NY, USA
– Marriott International, Inc. (NYSE: MAR) today announced five new hotels for EDITION, a luxury lifestyle hotel brand created in partnership with Ian Schrager. The company said that the brand is on track to have six hotels operating in major global gateway cities on three continents by 2015, including one of Manhattan's most beloved buildings, the “Clock Tower.” New EDITION hotels being announced today also include projects under construction in Bangkok and Abu Dhabi, as well as contracts signed for hotels in Los Angeles and Gurgaon, India.

The New York EDITION will be located at the landmark Clock Tower building at 5 Madison Avenue, which was acquired for $165 million from prior owner Africa Israel USA. While design work is already underway, the renovation and conversion of the iconic Clock Tower building will begin in late 2012.

“New York is one of the most important destinations in the world, and we are delighted to have secured the Clock Tower as a singular, iconic structure that will become a flagship for the EDITION brand and one of New York’s most compelling places to stay,” said Arne Sorenson, Marriott’s president and chief operating officer. “While the rollout of the EDITION brand was slowed by the global economic downturn, we remain strongly committed to this brand and are dedicated to its continued development and success. We are thrilled to add the Clock Tower building to our Edition portfolio,” said Mr. Sorenson. “We have a number of other exciting projects under way which we expect to announce in the coming months.”

The Bangkok EDITION will be part of a mixed-use development planned for one of the tallest buildings in Bangkok. The Abu Dhabi EDITION will be part of the prestigious Al Bateen Harbor complex within the Abu Dhabi Marina, an upscale mixed-use development including luxury residential and retail.

“It is a privilege and a once in a lifetime opportunity to work with Marriott on the first EDITION in New York City at the iconic Clock Tower building. This exciting project, along with all of the current and future projects in the pipeline, will prove that EDITION hotels are like no others in the world,” said Ian Schrager.

Marriott International is developing EDITION hotels in Miami Beach, London and now New York, reflecting confidence in the brand's future growth and success. The company expects to recycle its property investments over time through the sale of the hotels while maintaining long-term management contracts.

The London EDITION will open next year in the historic building formerly known as the Berners Hotel, located in the city’s Fitzrovia neighborhood. The Miami Beach EDITION, under construction in the former Seville Hotel, is expected to open in late 2013. The Istanbul EDITION (pictured left) is open and operating under a long-term management agreement.

EDITION combines the personal, individualized and unique experiences which Ian Schrager is known for, with the global reach and operational expertise of Marriott International. In keeping with the identity of EDITION, Mr. Schrager will lead the creative design and positioning of these hotels.

EDITION is an unexpected and refreshing collection of customized, cutting-edge, and one-of-a-kind properties. Each one is thoughtfully designed to reflect the individuality, authenticity, and unique attributes of its location, while appealing to a sophisticated traveler who is accustomed to extraordinary service with a modern touch. Properties are intended to showcase the best in dining and nightlife, services and amenities for travelers and local residents.

NOTE: The statements about the number and opening dates for the new Edition hotels are “forward looking statements" within the meaning of federal securities laws, not historical facts, and are subject to a number of risks and uncertainties, including supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth; and other risk factors identified in Marriott International, Inc.'s most recent quarterly report on Form 10-Q; any of which could cause actual results to differ materially from those expressed in or implied by our statements. These statements are made as of the date of this press release, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

For more information or to book your stay, please visit www.editionhotels.com

Visit Marriott International, Inc. (NYSE: MAR) for company information. For more information or reservations, please visit our web site at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Contact:

www.editionhotels.com

www.marriott.com

www.marriottnewscenter.com

Connect with catherine.leitner@marriott.com
 

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Also See: Marriott's Initial Edition Strategy Sidelined; Properties Currently Under Development to be Funded Exclusively by Marriott / Jason Q. Freed / October 2011

Marriott Responds to Takeover of Waikiki EDITION by Owner Stating Action is Illegal and a Blatant Violation of Contractual Agreement; Will Aggressively Oppose Move; Remains Deeply Committed to the EDITION Brand / August 2011

Marriott Launches Hotel Stay Planning App for iPhone®, BlackBerry® and Android™ Devices / August 2011

Marriott International Opens its First JW Marriott Hotel in North India with the 165-room JW Marriott Chandigarh / July 2011

Marriott International Opens 413-room JW Marriott Hotel Ankara in Turkey Managed by Ozkar Insaat A.S. / July 2011

Marriott International Planning 12 New JW Marriott Brand Hotels to Open by 2012 in India, Turkey, Azerbaijan, Maldives, Peru, Vietnam, UAE and South Korea / June 2011

Marriott Hotels & Resorts Adding to Global Pipeline Nearly 50 New Hotels and Resorts Over Next Four Years; Focus is on Worldwide Emerging Destinations / June 2011

Marriott International to Open 153-room JW Marriott Hotel in Cusco, Peru to be Managed by Inversiones La Rioja, S.A / March 2011

World's Largest JW Marriott, the JW Marriott® Indianapolis Downtown, Opens Completing the $450 million Marriott Place Development Project / February 2011

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The Soon to Open JW Marriott Marquis Hotel Miami Taking Amenities to Another Level with a Virtual Bowling Room, Virtual Golf Facility and a 10,000 sq ft NBA Basketball Court; Not to Mention Daniel Boulud's db Bistro Moderne and a Hotel within a Hotel, the Hotel Beaux Arts Miami / August 2010

357-room JW Marriott Miami Marquis Hotel Being Developed by MDM Hotel Group, LTD in Downtown, Miami; Will Include Daniel Boulud's DB Bistro Moderne / September 2009

The Metropolitan Miami Project in Downtown Miami Planning a 396-room Miami Met Marquis, a New Brand Addition to the JW Marriott Collection Hotels; Joins Daniel Boulud's DB Bistro Moderne / June 2007

Florencia Tabeni Appointed General Manager for the JW Marriott Marquis Miami and Hotel Beaux Arts Miami / December 2009



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