As part of the agreement, in addition to extending the term, Marriott and In Town made minor modifications to the management agreement for the Charleston Marriott, and reaffirmed Marriott's management practices for the hotel. Albert Ratner, Co-Chairman of Forest City Enterprises of Cleveland, In Town's parent company, said, "After our review, we are totally satisfied with Marriott's management practices at our hotel and look forward to working with them in Charleston for many years to come."

Charleston Marriott Town Center 200 Lee Street East Charleston, WV 25301

The parties also announced that they intend to pursue development of a new hotel on an undisclosed project being developed by Forest City, and Marriott has agreed to a $2 million investment in the project.  Marriott expects to obtain a long-term management or franchise agreement as part of the new project, which it anticipates to have a value in excess of the amount invested.

Added Mr. Ratner, "We're pleased that we've resolved our relationship issues with Marriott, and look forward to more successful projects with them in the future. Getting Marriott involved in a new hotel project with us expresses our confidence in them as a hotel manager and is a win-win situation for both companies."

James M. Sullivan, Marriott's Executive Vice President for Development, said, "We are particularly pleased that our relationship with In Town has been revitalized, and we are working together cooperatively in Charleston and on several potential projects with Forest City.  We value Forest City's expertise as an owner and development partner."

The 352-room Charleston Marriott Town Center is the leading hotel in the Charleston, West Virginia market, in the heart of downtown across from the Charleston Town Center and Civic Center.  The hotel has two restaurants, and extensive fitness facilities are available on-site and nearby.

MARRIOTT INTERNATIONAL, INC. (NYSE: MAR) is a leading worldwide hospitality company with over 2,600 lodging properties in the United States and 68 other countries and territories.

This press release contains "forward-looking statements" within the meaning of federal securities laws, including statements concerning future joint development of lodging properties by the parties and similar statements concerning anticipated future events and expectations that are not historical facts.