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The Royal Bank of Scotland Names Marriott International
Operator of the Grosvenor House in London and
the Shelbourne Hotel in Dublin
December 5, 2003 - Marriott International, Inc. announced today that Marriott will operate the Grosvenor House hotel in London's Mayfair district and the Shelbourne hotel on St. Stephen's Green in Dublin, beginning Jan. 31, 2004. Prior to that time Le Meridien will continue to run the hotels under a short-term transitional arrangement.

The Royal Bank of Scotland plc (RBS), the owner of the two hotels, plans to complete substantial renovations and improvements to both over the next few years, including guest rooms, public areas and 


JW Marriott Hotel
(formerly Le Meridien Grosvenor House)
 86-90 Park Lane
London, United Kingdom
infrastructure. Following the renovations and improvements, the Grosvenor House will become a 498-room JW Marriott hotel and the Shelbourne a 276-room Renaissance hotel. Marriott will operate both hotels under long-term leases. No other terms of the agreements were disclosed.

James M. Sullivan, Marriott International's executive vice president - lodging development, said, "We are delighted to conclude an agreement that will bring two legendary properties and prime conference space into the Marriott International system, in two of the most coveted and prestigious locations in Europe."

MARRIOTT INTERNATIONAL, INC. is a leading worldwide hospitality company with over 2,600 lodging properties across 14 lodging and 4 timeshare brands in the United States and 68 other countries and territories. The company is headquartered in
Washington, D.C., has approximately 128,000 employees.


 
Contact:
Tom Marder
Marriott International, Inc.
+1-301-380-2553, o
thomas.marder@marriott.com
Also See: Le Meridien's U.K. Hotels Facing Receivership / Aug 2003
The Savoy, 114 Year Old Luxury Hotel in London, Returns a Profit for U.S. Owner Blackstone / August 2003


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