Marriott To Double In Size In Thailand: Signs Landmark Deal With TCC Hotels Group For Seven Hotels

 Marriott To Double In Size In Thailand: Signs Landmark Deal With TCC Hotels
                            Group For Seven Hotels

Marriott International expects to add 3,000 rooms to its existing portfolio of
hotels in the country from 2016

PR Newswire

BETHESDA, Md. and BANGKOK, Jan. 31, 2013

BETHESDA, Md. and BANGKOK, Jan. 31, 2013 /PRNewswire/ --Marriott
International today announced the signing of seven management agreements with
TCC Hotels Group which will see the US hospitality company operating seven TCC
hotels across Thailand. These agreements make the TCC Hotels Group the largest
owner of Marriott International hotels in Asia Pacific.

(Logo: http://photos.prnewswire.com/prnh/20090217/MARRIOTTINTLLOGO)

The seven hotels are:

  oThe Imperial Queen's Park Hotel, Bangkok to be rebranded as Bangkok
    Marriott Hotel Queen's Park
  oImperial Adamas Phuket Beach Resort to be rebranded as Phuket Marriott
    Resort & Spa, Nai Yang Beach
  oHuaHin Marriott Resort & Spa
  oPattaya Marriott Resort & Spa, Jomtien Beach
  oJW Marriott Pattaya Resort & Spa
  oMarriott Hotel and Executive Apartments, Bangkok Surawong
  oThe Ritz-Carlton, Bangkok

This landmark agreement will add 3,000 rooms to Marriott International's
existing 12 hotels of 3,110 rooms across Thailand.

The TCC Hotels Group will represent a variety of Marriott International's
brands including
The Ritz-Carlton, JW Marriott and the company's signature Marriott Hotels &
Resorts brand. It will see Marriott International take on the management of
two existing hotels and five new build properties across the country in the
strategic tourist destinations of Bangkok, Phuket, HuaHin and Pattaya.

Speaking at the signing ceremony in Bangkok, Simon Cooper, Marriott
International's president and managing director Asia Pacific, said: "We are
delighted to announce this landmark deal for Thailand. TCC Hotels Groupis very
well established as a hotel owner and operator around the world and these
seven hotels will add to our already strong portfolio of hotels in the
country."

"I believe this partnership shows our commitment to and faith in Thailand as a
strategically important business and leisure destination in South East Asia.
Managing this portfolio of TCC hotels in the country will allow us to extend
our product offering and brands in Thailand, and enable domestic and
international travellers to experience our hotels and world-class service."

TCC Hotels Group expects to invest approximately US$500 million for the seven
hotels including an extensive refurbishment of the existing Imperial Queen's
Park Hotel, Bangkok and the Imperial Adamas Phuket Beach Resort before being
rebranded and opened under the Marriott Hotels & Resorts brand in 2016.

"TCC Hotels Group believes that Thailand and the group could benefit from the
global network and standards of Marriott International. We are very excited to
be working together with Marriott International, an experienced global
operator to support our growth strategy and our confidence in both Tourism and
MICE business sectors of Thailand," said Wallapa Traisorat, President of TCC
Hotels Group.

These 3,000 rooms are in addition to Marriott International's existing
pipeline in Thailand of more than 1,000 rooms, and the company expects to be
managing almost 7,000 rooms in Thailand by 2017 to support the continued
tourism growth for Thailand as it becomes a strategic location of the Asian
Economic Community (AEC).

NOTE: The statements about the opening dates for the new hotels and timing of
brand launches 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 to the US Securities and Exchange Commission 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.

TCC Hotels Group
TCC Hotels Group is a member of the TCC Land Group, one of Thailand's most
prominent conglomerates. Its core business is to develop and to invest in a
wide range of real estate projects including: residential, office buildings,
hospitality, and the retail sector. TCC Land's expertise also extends to
property and land management not only in Thailand but also in other countries
worldwide.

Marriott International
Marriott International, Inc. (NYSE: MAR) is a leading lodging company based in
Bethesda, Maryland, USA with more than 3,700 properties in 74 countries and
territories and reported revenues of over $12 billion in fiscal year 2011.
The company operates and franchises hotels and licenses vacation ownership
resorts under 18 brands, including Marriott Hotels & Resorts,The Ritz-Carlton,
JW Marriott, Bulgari, EDITION,Renaissance, Gaylord Hotels,Autograph
Collection, AC Hotels by Marriott, Courtyard, Fairfield Inn & Suites,
SpringHill Suites, Residence Inn, TownePlace Suites, Marriott Executive
Apartments,Marriott Vacation Club, Grand Residences by Marriott, and The
Ritz-Carlton Destination Club. There are approximately 300,000 employees at
headquarters, managed and franchised properties. Marriott is consistently
recognized as a top employer and for its superior business operations, which
it conducts based on five core values: put people first, pursue excellence,
embrace change, act with integrity, and serve our world. For more information
or reservations, please visit our website at www.marriott.com, and for the
latest company news, visit www.marriottnewscenter.com.

SOURCE Marriott International, Inc.

Website: http://www.marriott.com
Contact: Dan Ford, daniel.ford@marriott.com, +852 2192 6146
 
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