John Marriott, executive vice president of Marriott International, Inc. ,
joined by New York City’s Mayor Bloomberg and G. Holdings Corporation
chairman and CEO Harry Gross, today announced plans to open the first
Residence Inn by Marriott in New York City—a 357-suite hotel located at
Avenue of the Americas and West 39th Street. Construction begins today,
and the hotel is scheduled to open by the end of 2005. The project is part
of the Bryant Park Tower, a 43-story building that will also include 96
studio and one-bedroom rental apartments, street-level retail space
totaling approximately 8,500 square feet, a bar overlooking Bryant Park
and onsite valet parking. The hotel will be owned by G. Holdings
Corporation and operated as a Residence Inn franchise.
In reference to the centennial anniversary of Times Square, Mayor
Bloomberg said, “At 100 years old, Times Square has never looked better,
and I salute John Marriott and Harry Gross for working together on a
project that will be a wonderful addition to the area.”

Residence Inns are designed as all-suite hotels that offer studio, one-
bedroom and two-bedroom suites with fully-equipped kitchens, complimentary
high-speed internet access, coffee maker, microwave oven, full-sized
appliances and in-room modem line. Residence Inn offers nearly 450 hotels
in 43 states, the District of Columbia, Canada and Mexico. Residence Inn
participates in the company’s award-winning Marriott Rewards(R) program.
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