Receives Americas Lodging Investment Summit
'Transaction of the Year Award'
|WASHINGTON, Jan. 23, 2004 - Marriott International, Inc. (NYSE: MAR)
has received the 2003 Americas Lodging Investment Summit (ALIS) "Transaction
of the Year Award" for the development of the nearly $600 million Grande
Lakes Resort in Orlando, Fla. The prestigious award was presented
at the third annual ALIS conference held in Los Angeles, Calif. this week.
Grande Lakes was the largest non-gaming hotel project to open in the
United States in 2003. It is home to Orlando's first Ritz-Carlton
and JW Marriott hotels and is the first project to combine these two leading
luxury hotel brands. The property is owned by Thayer Lodging Group
and managed by The Ritz-Carlton Hotel Company, L.L.C., and Marriott Hotels
The 500-acre Grande Lakes estate includes a 584-room Ritz-Carlton, a 1,000-room JW Marriott hotel, an 18-hole Greg Norman-designed championship golf course and a 40,000 square-foot spa. The property offers 12 different lounge and dining choices including two signature dining venues: Norman's, located in The Ritz-Carlton, is a culinary collaboration with celebrated chef Norman Van Aken, and Primo, located in the JW Marriott, features chef Melissa Kelly. Meeting space is extensive with 33,000 square feet at The Ritz-Carlton, including two ballrooms and 14 meeting rooms. The JW Marriott features over 72,000 square feet of meeting space, including two ballrooms, 23 conference rooms and two boardrooms. Wireless high-speed internet access is available in all meetings rooms and public spaces.
In addition to Grande Lakes Orlando, two other Marriott properties, Wentworth by the Sea, A Marriott Hotel & Spa, and the Renaissance Grand Hotel, St. Louis, were among four finalists for the Transaction of the Year Award.
MARRIOTT INTERNATIONAL, INC. (NYSE: MAR) is a leading worldwide hospitality company with over 2,600 lodging properties in the United States and 68 other countries and territories.
Marriott International, Inc.
|Also See:||La Quinta Founder Sam Barshop Receives Hotel Industry Lifetime Achievement Award; Credited with Creating the Limited Service Lodging Concept / January 2004|
|A Volatile Hotel Transaction Year; A Perceived Bottoming Out of Hotel Values Occurred in 2003 / December 2003|