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Finvarb Companies Open the 208-suite Residence Inn by Marriott
Located on the Phoenix, Arizona Campus of Mayo Clinic

BETHESDA, Md., March 27, 2009 - J.W. "Bill" Marriott, Jr., chairman and CEO, Marriott International, Inc. (NYSE: MAR) and member of the Mayo Clinic Board of Trustees, celebrated the grand opening of the 208-suite Residence Inn by Marriott situated on the Phoenix Campus of Mayo Clinic.

The hotel is a part of the Village at Mayo Clinic -- a collaboration between the Mayo Clinic, Arizona Transplant House and the American Cancer Society to better serve and provide options for transplant and cancer patients undergoing treatment. Hotel owner Robert Finvarb of the Finvarb Companies, LLC, presented a check to the Mayo Clinic in honor of their newly created partnership. 

"The Mayo Clinic provides world class care and service to all its patients," said Bill Marriott. "I'm thrilled that we now have a Residence Inn on the Mayo Clinic campus that will provide the same level of care and service to our guests. Our Residence Inn brand is designed for guests on long stays so it is perfect for patients of the Mayo Clinic and their families." Visit Bill Marriott's blog to see what else he has to say about the Residence Inn by Marriott Phoenix Desert View at Mayo Clinic.

With the stunning Sonoran Desert as a backdrop, the Residence Inn by Marriott Desert View at Phoenix Mayo Clinic is located at 5665 E. Mayo Boulevard in the heart of some of the best the Valley of the Sun has to offer in shopping, dining, and entertainment. Located just a few miles north of downtown Phoenix and Scottsdale, guests looking to experience the sights and sounds of the city will find a stay at the Residence Inn by Marriott Phoenix Desert View at Mayo Clinic grants them easy access to local events and attractions; Phoenix Zoo, Heritage Square, Chase Field, The University of Phoenix Stadium, home of the Arizona Cardinals, FBR Open, TPC Scottsdale Golf Course, shopping in downtown Scottsdale, MLB Spring Training, the shopping and dining of City North, and more. This Phoenix location will operate as a Marriott managed hotel, owned by Robert Finvarb, Robert Finvarb Companies, LLC, and managed by Marriott International.

With family roots in Cuba, Finvarb is one of Marriott's leading minority hotel owners. Marriott has 500 hotels in its portfolio owned by minorities and women. "Marriott's diverse hotel ownership program is the best in the business because it empowers people like me who haven't traditionally owned hotels to be successful in this industry," said Robert Finvarb, principal of the Robert Finvarb Companies, LLC. "We are building a portfolio of hotels with Marriott and three are slated to open this year -- a SpringHill Suites in the Miami Health District; a Courtyard in Washington, D.C. and the Residence Inn at Mayo Clinic opening today. It will exceed your expectations."

The Finvarb Group (

The Finvarb Group currently specializes in developing Marriott branded hotels in high-growth markets that are historically underserved. Based in Miami, Florida, the Finvarb Group was founded almost 40 years ago, and has developed a diverse array of real estate projects including hotels, condominiums, single-family homes, apartments, office and retail space. In its role as a hotel developer, the Finvarb Group has been directly involved in the selection and management of a network of contractors, architects, engineers, planners, attorneys and other professionals that collaborate in the design and development process for each project. In addition to developing its projects from the land acquisition stage to the day that the hotel opens for business, the Finvarb Group oversees the sales, marketing, accounting and administration functions that are primarily undertaken by Marriott's management staff at each hotel with a sophisticated cadre of in-house professionals.

Currently, The Finvarb Group operates under two subsidiaries: The Robert Finvarb Companies which is headed by Robert Finvarb and Finvarb Hospitality which is headed by Richard Finvarb and Ronald Finvarb. Currently, the Finvarb Group has five (5) hotels that are open and operating under Marriott flags, four (4) hotels that are under construction and four (4) additional hotel developments that are scheduled to break ground within the next twelve (12) months. The Finvarb Group recently sold one of the hotels that it developed in September 2006. All Finvarb Group hotel developments are Marriott branded hotels that are operated by Marriott International. Within the Marriott family of hotels, the Finvarb Group focuses on the Courtyard by Marriott, Residence Inn by Marriott and Spring Hill Suites brands as these products have long-standing track records of success.

The principals of the Finvarb Group are Robert Finvarb, Richard Finvarb and Ronald Finvarb. 

Hotel Portfolio

Marriott Courtyard (South Beach) 
Courtyard by Marriott (Fort Lauderdale) 
Courtyard by Marriott (US Capitol Washington, DC) 
Courtyard by Marriott (San Antonio, Tx) 
Residence Inn (Phoenix, AZ at the Mayo Clinic) 
Residence Inn (Melbourne, FL) 
Residence Inn (Tempe, AZ) 
Residence Inn (Tallahassee) 
Springhill Suites by Marriott (Miami, FL Health District) 

Each spacious suite of this pet friendly, custom built Residence Inn features comfort and functionality. Separate living and working spaces, complimentary wired and wireless internet, luxury bedding that includes custom comforters, and fully equipped kitchens featuring granite countertops and stainless steel appliances are just some of the in-room amenities designed to create an extended stay oasis.
"This fresh take on Residence Inn decor and amenities redefines the extended stay experience that is the cornerstone of the brand," said Michelle Joyce, General Manager, Residence Inn by Marriott Phoenix Desert View at Mayo Clinic. "Within each ample suite, our guests will enjoy distinctive 'zones' that meet their living needs -- cooking, dining, working, relaxing and sleeping. Versatile and modern community spaces, expanded meeting space, and access to a wealth of luxury and leisure amenities will allow guests to make Residence Inn by Marriott Phoenix Desert View at Mayo Clinic a home away from home during their stay."

Beyond the suite doors, guests start their day with a daily, complimentary hot breakfast buffet, and attend evening social events throughout the week. A Media Room with large screen TV and DVD player, Family Room featuring puzzles and games, and Quiet Room showcasing a library of books, are specially designed community rooms that allow guests an opportunity to lounge within the premises. Larger than normal Residence Inn meeting space was created to facilitate groups of almost any size, allowing them to meet comfortably with flexible settings. A partnership with nearby JW Marriott Desert Ridge provides guests with access to the luxury resort's Wildfire Golf Club and Revive Spa with direct connection via in-room phones.

A leader in extended-stay lodging, Residence Inn offers more than 550 hotels in 47 states, the District of Columbia, Canada and Costa Rica. Residence Inn participates in the company's award-winning Marriott Rewards program, which enables members to earn their choice of points toward free vacations or frequent flyer mileage in their preferred airline program for dollars spent at more than 2,500 Marriott hotels in 56 countries.

For more information or reservations, call the Residence Inn Phoenix Desert View at Mayo Clinic hotel directly at 480-563-1500, the Residence Inn toll-free number at 800-331-3131, a travel agent or visit the Web site at 

Statements on expected investment spending and the completion dates for renovations by owners and franchisees are "forward looking statements" within the meaning of federal securities laws, and are subject to a number of risks and uncertainties, including those described in Marriott International, Inc.'s filings with the Securities and Exchange Commission, which could cause actual investment spending and completion dates to be different than expected. 


 Marriott International

Also See: Finvarb Group Breaking Ground on a 208-room Residence Inn by Marriott in Phoenix, Ariz., on the Campus of the Mayo Clinic / October 2007
Marriott's Diversity Initiatives Add Five African American and Hispanic Owned Hotels Since May, 2005 / August 2005



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