• HSBC

Marriott International to introduce its deluxe Marriott Executive Apartments lodging brand in Egypt

Marriott International (NYSE:MAR) will introduce its deluxe Marriott Executive Apartments lodging brand for extended stay travelers in Cairo, Egypt under a long-term management agreement reached with ETAG Real Estate Development & Touristic Investment.

It will be Marriott's third property in Cairo and ninth in Egypt.

When opened, the Marriott Executive Apartments Cairo Nile Dolphin will be part of a mixed-use residential complex being developed on the west bank of Nile River, about a 25-minute drive south of the city center and easily accessible from the main ring road. The project is located approximately 30 kilometers from Cairo International Airport and 15 kilometers from the Cairo Marriott in Zamalek. In addition to the MEA, the development will include four 10-storey apartment buildings, a 20-slip marina, four stand-alone restaurants, 4,000 square meters shopping center, a private health club, a 900 square meter conference center and a 230 meter private Nile River promenade. Cairo-based Pavillion International Consulting has been selected as the architect.

"We're excited by our growing presence in Egypt and to have this opportunity to introduce this luxurious lodging brand in Cairo,"


said Ed Fuller, president & managing director of international lodging for Marriott International. "Our MEA brand has a loyal following among travelers who need a little more space than a traditional hotel may offer or who plan to be in a location for an extended period of time. We fully expect this property to be a success from Day One."

The Marriott Executive Apartments Cairo Nile Dolphin will offer fully furnished and equipped one-, two-, and three-bedroom units. Recreational amenities will include an indoor swimming pool with an outdoor barbecue area and a health and leisure club offering men's and women's lockers with separate sauna and whirlpool. For dining, the property will have a casual coffee shop serving three meals daily and which will be equipped with an internet café and a Grab & Go kiosk.

Other amenities will include a resident's lounge, room service serving a limited menu, and underground parking.

Additional services offered by all Marriott Executive Apartments properties include pre-arrival consultation, welcome amenities including property orientation and city tour, round the clock staffing, minimum twice-weekly housekeeping service, business services, complimentary morning coffee service in the lobby, additional on-site storage space and grocery delivery and laundry services.

Each apartment features a fully-equipped kitchen (refrigerator, stove, oven, microwave, dishwasher, disposal, dishware and utensils), washer/dryer, security safe, storage, high quality furnishings, dedicated work area and desk, double phone and fax lines with voicemail and private line as well as television and VCR.

Currently, there are 13 Marriott Executive Apartments properties in major gateway cities around the world including two properties in Dubai.
 
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Future openings include Marriott Executive Apartments in Shanghai Pudong (223-units opening in 2006); Yeouido Park Tower in Seoul (102-units opening in 2006); Jakarta (96-units opening in 2006); Manama, Bahrain (190-units opening in 2006); Doha, Qatar (138-units opening in 2007) and Dubai (120-units opening in 2008).

MARRIOTT INTERNATIONAL, INC. (NYSE:MAR) is a leading lodging company with nearly 2,800 lodging properties in the United States and 66 other countries and territories. Marriott International operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Bulgari brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Grand Residences by Marriott brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers. The company is headquartered in Washington, D.C., and has approximately 143,000 employees at 2005 year-end. In fiscal year 2005, Marriott International reported sales from continuing operations of $11.6 billion.

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