April 23, 2015 – Marriott International, Inc (NASDAQ:MAR) announced today the introduction of its new lifestyle brand, Moxy Hotels to Eastern Europe, in partnership with developers, GMT Group. The 130 room Moxy Tbilisi Hotel will be managed by Marriott International and is expected to open in 2017. Located in Saarbrucken Square, central Tbilisi, it will be the third Marriott International property owned by GMT Group in Tbilisi in addition to the Courtyard Tbilisi and Tbilisi Marriott Hotel. Moxy Hotels is expected to open 150 hotels and 25,000 rooms in Europe by 2020.

GMT Group has partnered with Overseas Private Investment Corporation (OPIC), a government agency, to provide USD25 million for the construction of the hotel which will be part of new retail and office development around Saarbrucken Square. The hotel will be situated in a prime location close to the River Mtkvari and a short drive from the historic city centre with its picturesque cafes and restaurants, popular with both tourists and business travellers.

NOTE: The statements about the future addition of hotels to Moxy 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.