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G. Holdings Corporation Building 357-suite Residence Inn
In Times Square New York City
WASHINGTON, April 13, 2004 - John Marriott, executive vice president of Marriott International, Inc. (NYSE: MAR), joined by New York City's Mayor Bloomberg and G. Holdings Corporation chairman and CEO Harry Gross, today announced plans to open the first Residence Inn by Marriott in New York City -- a 357-suite hotel located at Avenue of the Americas and West 39th Street. Construction begins today, and the hotel is scheduled to open by the end of 2005. The project is part of the Bryant Park Tower, a 43-story building that will also include 96 studio and one-bedroom rental apartments, street-level retail space totaling approximately 8,500 square feet, a bar overlooking Bryant Park and onsite valet parking. The hotel will be owned by G. Holdings Corporation and operated as a Residence Inn franchise.

In reference to the centennial anniversary of Times Square, Mayor Bloomberg said, "At 100 years old, Times Square has never looked better, and I salute John Marriott and Harry Gross for working together on a project that will be a wonderful addition to the area."

Residence Inns are designed as all-suite hotels that offer studio, one- bedroom and two-bedroom suites with fully-equipped kitchens, complimentary high-speed internet access, coffee maker, microwave oven, full-sized appliances and in-room modem line. Residence Inn offers nearly 450 hotels in 43 states, the District of Columbia, Canada and Mexico. 

MARRIOTT INTERNATIONAL, INC. (NYSE: MAR) is a leading worldwide hospitality company with over 2,700 lodging properties in the United States and 67 other countries and territories. 

Marriott International, Inc.

Also See: Actor Robert De Niro's Luxury Hotel in Tribeca Neighborhood of NYC Obtains $38.9 million in Tax-free Liberty Bonds / November 2003
Hotel Development Continues in New York City / July 2003

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