SHANGHAI, May 24, 2010 - Marriott International (NYSE: MAR) has signed
management agreements for seven additional hotels in China and aims to
double its presence in the country in about five years. Marriott's
largest market outside of North America is China where the company expects
to have 60 hotels open across six brands by year-end 2010, including eight
flying the company's Ritz-Carlton flag. Among properties opening
this year in China are stunning Ritz-Carlton hotels in Hong Kong and Shanghai
Pudong.
The seven newly-signed hotels are:
� The 320-room luxury JW Marriott Hotel Dalian, owned by Liaoning
Baocheng Real Estate Development Co., Ltd. (2013). When opened, the hotel
will be Marriott's first property in Dalian and ninth JW Marriott-branded
hotel in China.
� The upscale 507-room Renaissance Sanya Resort & Spa, owned by
Ranya Zhonggang Fishery Co., Ltd. (2011). When opened, it will be Marriott's
third property in the greater Sanya area.
� The deluxe 269-room Renaissance Zhuhai Hotel owned by Guangyi Real
Estate Development Co., Ltd. (2013) It will open as Marriott's first hotel
in the city.
� The moderate-priced 260-room Courtyard by Marriott Fuzhou Hotel owned
by Fuzhou Zhengfeng Real Estate. (2013) When opened, the hotel
will be Marriott's first property in Fuzhou.
� The moderate-priced 265-room Courtyard by Marriott Kunshan, owned
by Kunchan Dongzhixin Real Estate Co., Ltd. (2011 When opened, it will
be Marriott's first hotel in Kunshan.
� The upscale 350-room Hangzhou Marriott Hotel, owned by affiliates
of Hualian Holding, a subsidiary of China Union Development Group (2014)
When opened, it will be the fourth Marriott International flagged hotel
in the city.
� The upscale 330-room Shanghai Marriott Hotel Minhang, owned by an
affiliate of Shanghai Minghjie Real Estate & Development Co., Ltd.
(2015).
"China is arguably the world's most compelling tourism market today. Its
buoyant tourism industry will host 2.1 billion domestic and international
tourists this year, an increase of 12 percent over 2009. Within the next
10 years, China is expected to be the world's single largest source of
international tourism and its number-one travel destination," said J.W.
Marriott Jr., chairman and chief executive officer of Marriott International.
"We are excited to be part of this dynamic growth with our close partners
in the Chinese real estate community who develop and own the hotels we
operate under our brands, and we are tremendously pleased to add these
seven properties to our pipeline in China. We look forward to expanding
our presence in our signature full-service and Courtyard brands."
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Company joins Conservation International and Government of Pingwu
County to protect Asia water tower, source of fresh water to more than
2 billion people
SHANGHAI, May 24, 2010 - Marriott International will invest $500,000
(approximately 3.4 million RMB) in seed money over the next two years to
support a vital water conservation program that helps protect the largest
source of fresh water on the planet, located in the mountains of Southwest
China. The program will focus its work in Sichuan Province, the area hit
hard by the 2008 earthquake. Concurrently, Marriott and Ritz-Carlton hotels
throughoutChina have committed to reducing their water and energy use by
25 percent by 2017.
The program, called the "Nobility of Nature," is designed to assist
rural communities in Sichuan Province with sustainable businesses, such
as mushroom farming and honey production, which will place less stress
on the environment. Reducing erosion and sedimentation will also improve
water quality downstream in both rural and urban areas.
Marriott International associates and the owners of its hotels in China
have a special connection with Sichuan Province. Together, they raised
more than US$3 million (approximately 20.5 million RMB) to help provide
disaster relief to victims of theMay 2008 earthquake which took the lives
of nearly 70,000 people.
"Marriott is committed to doing business in China and to the well-being
of the Chinese people," said J.W. Marriott Jr., chairman and chief executive
officer of Marriott International. "There's a Chinese proverb, 'when drinking
the water, consider the source.' Water is the key to prosperity and sustained
economic growth. Helping to develop viable ways to preserve the water supply
and conserve water in our hotels is important to our business, our associates
and our customers," said Mr. Marriott.
"This enables us to demonstrate our shared vision of innovation, opportunity
and respect for the environment while further strengthening our 20-year
commitment to the people of China," said President and Chief Operating
Officer Arne Sorenson.
In addition to its investment in Conservation International's (CI) fresh
water project, Marriott's corporate food and beverage team is also developing
a sustainable seafood program globally, providing guidelines for chefs
and purchasing managers. Marriott will work to actively seek more sustainable
alternatives for its menus around the world. Marriott and CI recognize
that this is a journey and will work together to make this program a model
for the industry.
Marriott also has been focused on reducing its greenhouse emissions
through aggressive conservation programs:
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Marriott and Ritz-Carlton hotels in China and around the world are committed
to reducing water and energy usage by 25 percent by 2017. Specifically
in China, Marriott's hotels have reduced water usage by 13.5 percent and
energy use by 15.7 percent in the past two years.
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Marriott's 45 hotels currently operating in China are engaged in several
operational practices such as recycling paper, metals, bottles, cans and
batteries; installing low-energy light bulbs using 80 percent less energy
than conventional bulbs; and using tea tree oil to help maintain clean
air conditioning units.
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In April, Marriott headquarters in the U.S. was awarded a gold medal for
green buildings by the U.S. Green Building Council, a milestone against
the company's worldwide goal to have 300 LEED (Leadership in Energy and
Environmental Design) certified properties in five years. The company has
unveiled a LEED prototype for its Courtyard brand.
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Worldwide, Marriott is investing in innovative, large-scale conservation
projects that help address some of the most pressing environmental problems.
In addition to the new water conservation program in China, Marriott is
partnering with the Amazonas Sustainable Foundation and the Brazilian State
of Amazonas to protect 1.4 million acres of endangered rainforest, called
the Juma Sustainable Reserve. This REDD (Reduced Emissions from Deforestation
and Degradation) project has been recognized as a model for avoided deforestation
to address climate change.
"Marriott's latest commitment toward addressing environmental issues sets
a high bar," said Peter Seligmann, chairman and CEO of Conservation International.
"We are pleased that our partnership with Marriott centers around our work
in China and on such an important issue as fresh water. We also look
forward to working with Marriott and other hotel companies to strengthen
the entire industry's commitment to sustainable seafood sourcing."
Conservation International will join the Pingwu County Government and
a local environmental group, Shan Shui, to provide training and resources
to the local communities involved in the project.
Marriott International currently operates 45 hotels in China representing
its JW Marriott, Marriott, Renaissance, Courtyard by Marriott, Marriott
Executive Apartments and The Ritz-Carlton Hotel brands. More than 25 hotels
are under construction or being planned in China through 2013.
Conservation International (CI): Building upon a strong foundation
of science, partnership and field demonstration, CI empowers societies
to responsibly and sustainably care for nature for the well-being of humanity.
With headquarters inWashington, D.C., CI works in more than 40 countries
on four continents. For more information about CI, visit www.conservation.org. |
JW Marriott Hotel Dalian
Part of a mixed use development including office space, retail shops
and high-end apartments in the Xinghai Bay area ofDalian, the city's new
financial and commercial center, the architecturally striking JW Marriott
Hotel Dalian will be situated near the Dalian Xinghai Convention and Exhibition
Center, the Dalian World Expo Center and office buildings housing many
of the world's prominent companies including IBM, Sony, Panasonic, Ericsson,
Siemens and Volkswagen. Dalian Zhousuizi International Airport is a 30-minute
drive away.
The hotel will have three stunning restaurants including an informal
three-meal dining outlet, a Chinese restaurant with six private dining
rooms and a specialty, themed outlet with two private dining rooms. Also
featured will be an inviting lobby lounge that will change mood throughout
the day and a vibrant entertainment bar. Recreational amenities will
include a fitness center and world-class spa with six treatment rooms.
For social events and conferences, the hotel will have 1,620 square meters
of space comprised of a 1,050-square meter ballroom divisible into four
sections, a 150-square meter meeting room and five other meeting rooms
in varying configurations.
Business-oriented services will be comprised of a business center with
two small meeting rooms and an executive lounge with a small meeting room.
State-of-the-art technological amenities and services will be available
throughout the hotel's public spaces and guest rooms.
Renaissance Sanya Resort & Spa
Located at the north end of Haitang Bay on a beautiful white sand beach,
the sophisticated Renaissance Sanya Resort & Spa will be about a 40-minute
drive from the airport.
Eight restaurants and lounges will comprise the resort's food and beverage
choices including a Chinese restaurant with 15 private dining rooms, a
seafood restaurant offering indoor and outdoor seating, an inviting beach
bar, an exciting lobby lounge and a vibrant sports bar.
All of its oversized guest rooms will have balconies and will feature
contemporary styling, the latest technological advances and baths with
separate tub and shower. Recreational amenities will revolve around
a world-class Spa with six treatment rooms; a fitness center; three swimming
pools including an eye-catching signature pool, a lap pool and a children's
pool; a recreation pavilion; two flood-lit tennis courts; and a kid's club.
For social events and conferences, the resort will have 2,424 square
meters of space, including a 1,430-square meter grand ballroom divisible
into six sections; a 450-square meter junior ballroom divisible into two
sections and four additional meeting rooms in varying configurations.
Renaissance Zhuhai Hotel
Strategically situated in Zhuhai's Xiangzhou district, the contemporary
Renaissance Zhuhai Hotel will be located in a mixed-use complex, including
offices, serviced apartments, commercial space and the Qianshan Station
of the Guangzhou-Zhuhai light rail system. It is expected to be the premier
hotel in the city when it opens in 2013.
Within an hour's drive are numerous tourist attractions including noteworthy
golf clubs, the China International Aviation & Aerospace Exhibition
Center and the Zhuhai International Circuit, host of many regional and
international motor races. The Macau Special Administration Region is located
15 minutes away.
For dining and entertainment, the hotel will offer three restaurants
and an engaging lobby bar. Recreational amenities will include an outdoor
swimming pool and health club. For meetings and social events, the hotel
will have 800 square meters of function space including a 500-square meter
ballroom divisible into three sections, a 150-square meter junior ballroom
divisible into two sections and three 50-square meter meeting rooms that
can be divided into two sections each.
Courtyard by Marriott Fuzhou
Located on Pushang Road near the Cangshan District government offices,
University Town and the Jinshan Industrial Park, the Courtyard by Marriott
Fuzhou will be part of a mixed-use development consisting of a shopping
mall, the hotel and apartments.Fuzhou's Changle International Airport is
about an hour's drive away.
Outstanding food and beverage will be a focal point of the hotel which
will have an all-day restaurant featuring a permanent grand buffet and
20 private dining rooms along with a welcoming lounge that will flow into
the hotel's lobby, encouraging guests to linger with colleagues over Chinese
tea or to relax at day's end.
The hotel's spacious guest rooms will have the latest technology, contemporary
furnishings, in-room coffee and tea service and sumptuous bed and bath
linens. Business services will include an executive lounge with a small
meeting room and a business center with two small meeting rooms.
An indoor swimming pool and fitness center will comprise its recreational
amenities while 870 square meters of function space will provide four individual
meeting rooms in varying configurations.
Courtyard by Marriott Kunshan
The Courtyard by Marriott Kunshan will be located on the east edge
of Kunshan's bustling commercial and political area, near the Kunshan
Municipal Government building. It will be part of a mixed-use complex
consisting of serviced apartments and retail space.
The hotel will have a casual restaurant serving three meals daily and
a lobby lounge and bar for dining and entertainment. Its recreational amenities
will center around a health club. Business-oriented amenities will include
a spacious executive lounge with one private meeting room and a full-service
business center offering two individual meeting rooms. For conferences
and social events, the hotel will have 549 square meters of function space
consisting of five meeting rooms in varying configurations.
Contemporary guest rooms will feature the latest technology; defined
areas for rest, relaxation and work; Marriott's renowned bed and bath linens
and amenities; and in-room coffee and tea service.
For social events and meetings, the hotel will have 549 square meters
of function space comprised of a 342-square meter ballroom that will be
divisible into two sections and four additional meeting rooms in varying
configurations.
Hangzhou Marriott Hotel
The Hangzhou Marriott Hotel will be situated in the center of Qianjiang
New Town�the new central business district ofHangzhou.
The hotel will be part of a mixed-use development complex that will
also have a service apartment tower and two commercial buildings offering
office space, 33,000 square meters of retail space and parking.
Accommodations at the Hangzhou Marriott will be spacious and will feature
contemporary design elements, modern connectivity and baths with separate
tub and showers.
For dining and entertainment, the hotel will offer three restaurants
including a Chinese outlet with nine private dining rooms, a specialty
restaurant with three private dining rooms, an all-day casual restaurant
as well as a bar. Its lobby lounge will change character throughout
the day.
Recreational amenities will include a swimming pool and fitness center
and spa that will have a number of treatment rooms and four foot massage
stations. Additional amenities will include an executive lounge with a
private meeting room, a business center and gift shop.
For social events and conferences, the hotel will have 1,700 square
meters of function space comprised of an 800-square meter ballroom that
will be divisible into four sections and five individual meeting rooms
in varying configurations.
Shanghai Marriott Minhang Hotel
The Shanghai Marriott Minhang will be situated in the Minhang district,
the commercial, leisure and academic center of south suburban Shanghai.
The hotel will offer three dining outlets including a Chinese restaurant
with 10 private dining rooms and a specialty restaurant with four private
dining rooms and an all-day casual dining outlet as well as an inviting
lobby lounge.
For conferences and social events, the hotel will have 1,500 square
meters of space including an 800-square meter ballroom that will be divisible
into four sections and three individual meeting rooms in varying configurations.
Guest rooms will be tastefully and stylishly furnished and will offer
modern connectivity and baths with separate tub and shower.
Recreational amenities will include an indoor swimming pool and a health
club. Other amenities will be comprised of an executive lounge, a business
center and a gift shop.
About Marriott International:
Marriott International is a leading lodging company with
more than 3,400 lodging properties in 70 countries and territories. Marriott
International operates and franchises hotels under the Marriott, JW Marriott,
The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites,
Fairfield Inn & Suites, SpringHill Suites and Bulgari brand names;
develops and operates vacation ownership resorts under the Marriott Vacation
Club, The Ritz-Carlton Destination Club, The Ritz-Carlton Residences and
Grand Residences by Marriott brands; operates Marriott Executive Apartments;
provides furnished corporate housing through its Marriott ExecuStay division;
and operates conference centers. The company is headquartered in Bethesda,
Maryland USA and had approximately 137,000 employees at 2009 year-end.
It is recognized by Fortune magazine as one of the best companies to work
for, and by the U.S. Environmental Protection Agency (EPA) as Partner of
the Year since 2004. In fiscal year 2009, Marriott International
reported sales of nearly $11 billion.
Note: The company's expectation that it will have
60 hotels in China, including eight flying the Ritz-Carlton flag, by year-end
2010 is a "forward looking statement" within the meaning of U.S. federal
securities laws, not a historical fact, and is subject to a number of risks
and uncertainties, including the continuation and pace of the economic
recovery; relationships with clients and property owners; the availability
of capital to finance hotel growth; and other risk factors identified in
the company's most recent quarterly report on Form 10-Q; any of which could
cause the actual number of hotels in China to be different than we expect.
This statement is 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. |
