MARRIOTT SIGNS LANDMARK DEAL WITH TCC HOTELS GROUP FOR SEVEN HOTELS

| February 1, 2013

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

BANGKOK, THAILAND, 31 JANUARY, 2013 - 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.

The seven hotels are:
•       The Imperial Queen’s Park Hotel, Bangkok to be rebranded as Bangkok
Marriott Hotel Queen’s Park
•       Imperial Adamas Phuket Beach Resort to be rebranded as Phuket
Marriott Resort & Spa, Nai Yang Beach
•       Hua Hin Marriott Resort & Spa
•       Pattaya Marriott Resort & Spa, Jomtien Beach
•       JW Marriott Pattaya Resort & Spa
•       Bangkok Marriott Hotel and Executive Apartments, Surawong
•       The 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,
Hua Hin 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 Group is 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
WallapaTraisorat, 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.

 

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