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47 Park Street Hotel in London |
April 23, 2002 - Marriott Grand Residence Club, the newest fractional
ownership brand of Marriott International, Inc. , announced today the second
property in its developing portfolio. Marriott Grand Residence Club, Mayfair-London
offers an exceptional opportunity for fractional property ownership at
one of London's most prestigious addresses, 47 Park Street, Mayfair.
 Marriott
Grand Residence Club assumed management of the existing 47 Park Street
Hotel earlier last week. Located in the heart of London's Mayfair district
and only minutes from Hyde Park, the intimate 49-residence property represents
the latest addition to Marriott's diverse fractional ownership portfolio
around the globe.
"Marriott Grand Residence Club, Mayfair-London continues a long-standing tradition of excellence at 47 Park Street," said Marc Topiol, Regional Vice President, Resort Development, Marriott Grand Residence Club. "After a careful search, we chose a location which will no doubt prove to be a desirable second home alternative for London's most discerning travelers." The property will continue to operate as a luxury hotel in the manner of service to which guests have become accustomed. Amenities include 24-hour room service and full concierge assistance providing for transportation and leisure needs. Targeted to open for initial owner occupancy spring 2003, Marriott Grand Residence Club, Mayfair-London, will provide convenient second home ownership as an alternative to conventional whole ownership with the full flexibility, services and amenities of a fine hotel, and the further benefit of exchange to worldwide destinations. Nightly accommodations will remain available for rent even after the property is sold-out, as owners exercise their various usage options. Upon completion of a refurbishment later this year which will maintain and enhance its traditional character, the property will possess 33 one-bedroom and 16 two-bedroom residences ranging in size from 710 to 1,108 square feet (66 to 103 square meters). Ownership prices range from $122,200 (85,000 pounds Sterling) to $291,500 (202,800 pounds Sterling) per 28-day fractional interest, based on residence type and season. |
| Also See | High-End Fractional Ownership Club Offers Unlimited Use and Guarantee Investment Will Not Lose Money / April 2002 |
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Marriott Grand Residence Club 866-204-7263 [email protected] |