LONDON - October 28, 2002 - 47 Park Street by Marriott Grand Residence Club announced recently the opening of its membership gallery. Situated in London’s prestigious Mayfair district, 47 Park Street is a unique residence club comprised of 49 luxurious one- and two-bedroom residences. Membership at The Club offers a hassle-free lifestyle through personalized services and amenities associated with the finest five-star establishments, yet none of the commitments related to conventional home ownership.

Renowned architectural and interior designer, Wimberley Allison Tong & Goo (London) presents the gallery and model residence in a classic style. The refurbished residence creates an atmosphere of privacy and luxury for those who adopt this second home option with interiors that couple the design themes of the Neo-classical and Regency art periods, and color schemes anchored in fresh creams and luxuriant golds.

“The opening of the membership gallery is the first opportunity for our prospective Members to get a taste of what this exceptional residence club has to offer,” said Marc Topiol, managing director of 47 Park Street. “A great deal of customer research has gone into creating a club which combines the best of second home ownership with the luxury and personal service of the finest hotels.”

Balancing the refurbishment efforts with the property’s Edwardian architecture, 47 Park Street will have 33 one-bedroom and 16 two-bedroom residences ranging in size from 710-1,108 square feet (66-95 square meters). The spacious residences provide such conveniences as a well-equipped kitchen, separate living room with dining area and entertainment system.

Dedicated concierge staff will provide the utmost in personalized service for the 47 Park Street Member. They will address a Member’s pre-arrival needs from stocking the refrigerator with requested wines and specialty foods and unpacking and pressing pre-sent clothing to theatre tickets and dinner reservations, creating an atmosphere of true comfort for The Club Member.

Additionally, 47 Park Street provides 24-hour bell service, twice-daily maid service, an in-house florist and room service with two a-la-carte menus to select from. A broad range of in-residence massage and beauty treatments are available to pamper Members as well.

With occupancy targeted for Spring 2003, memberships are now available with prices ranging from $131,554 - $ 313,873 (as of October 23, 2002; £85,000 - £202,800) per 28-day interest, based on membership type (interest valid through 2050). A limited number of Founder memberships offer an impressive range of additional benefits, which include a five year complimentary membership to the new Leisure Club and Health Spa at the London Marriott Hotel Park Lane.

Introduced in July 2001, Marriott Grand Residence Club combines the advantages of second home ownership with the services and amenities of a fine hotel, and a variety of flexible usage options. Property amenities and personalized services are developed around unique consumer demands in each market. Prices range from $125,000 - $650,000 per interest, based on location and residence type. Properties: Lake Tahoe, Calif. (opening November 2002, 13-week interests); and London, U.K. (opening Spring 2003, 28-day interests).

For further information, prospective 47 Park Street Members may call 866.204.7263, or while in London, can visit the gallery at 47 Park Street, Mayfair, London W1K 7EB. The gallery is open daily 9:00 a.m. - 6:00 p.m.

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