Tuesday, April 1, 2008

Marriott International Expected to Manage Four Hotels for Emaar MGF In India Starting in 2009

Marriott International (NYSE:MAR) expects to manage four properties in India for Emaar MGF beginning in 2009 as a result of the signing today of Memorandums of Understanding that could potentially lead to the opening of two JW Marriott-branded luxury hotels in New Delhi and Hyderabad.

When developed, these two hotels will join two previously announced properties Marriott will manage for Emaar MGF-a 250-room luxury JW Marriott-branded hotel in Kolkata (opening in 2011) and a 114-room upper-moderately-priced Courtyard by Marriott-branded property in Amritsar (opening in 2009).

"We are delighted by the strengthening of our relationship with Emaar MGF," said Ed Fuller, president & managing director of international lodging for Marriott International. "Emaar MGF has the vision, the vitality and sense of the market that enables it to develop outstanding hotels that appeal to a variety of current and emerging customer segments. We at Marriott International, meanwhile, have the broadest portfolio of lodging brands, all of which enjoy high customer preference and acceptance. We look forward to working with Emaar MGF to help bring both these two new JW Marriott-branded hotels to fruition."

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