Marriott International, Inc. (MAR/NYSE) has been named to manage two new properties in Mumbai, India. They are a new 281-room hotel scheduled to open in 2001 as the Renaissance Mumbai Hotel and a 179-unit serviced apartment scheduled to open in the year 2000 as a Marriott Executive Residences.
Owned by K. Raheja Resorts and Hotels Private Limited, a wholly owned subsidiary of the C.L. Raheja family, the Renaissance Mumbai Hotel and the Lake Powai Marriott Executive Residences will be located along the northern bank of Lake Powai. The site is 6.2 miles northeast of the Sahar International Airport, which accommodates the highest number of international flights and is the country`s main international gateway. Mumbai is India`s primary commercial, trading and financial center as well as its busiest port.
We are very pleased to add another two properties as well as another Marriott brand in India, said Ed Fuller, president and managing director of Marriott`s international operations. Mumbai is a very exciting city that offers tremendous opportunity. We expect that both of these properties will be attractive to business and leisure travelers.
For dining and entertainment, the Renaissance Mumbai Hotel will have an Indian restaurant and a specialty restaurant, a coffee shop, as well as a lobby lounge and bar. Recreational activities include an outdoor swimming pool and a health and fitness center. Guest amenities will include a business center, a gift shop, a beauty and barber salon, a concierge desk, laundry/valet service, 24-hour room service and parking.
For seminars and social events, the Renaissance Mumbai Hotel will provide 20,602 square feet of space including a 12,658 square-foot ballroom that is divisible into three sections, and two individual meeting rooms.
The Lake Powai Marriott Executive Residences will be comprised of spacious
one- and two-bedroom residential apartments with views of Lake Powai. The apartments will range in size between 505 square feet to 990 square feet and will feature hotel-like amenities, full-kitchens, 24-hour security and the flexibility of short-term leases. For dining, the Executive Residence lounge will provide a small coffee shop.
Other features will include a dedicated work area and desk, double phone lines with voicemail and PC hook-ups and VCR. Residents will have access to all on-site amenities at the Renaissance Mumbai Hotel.
Currently under construction in India are the 183-room Goa Marriott Resort Panjim and the 222-room New Delhi Marriott, both of which are scheduled to open in 1999. The company is also represented in Goa by the 202-room Renaissance Goa Resort.
The Renaissance Mumbai Hotel will be included in Marriott International`s upscale, full-service Renaissance Hotels & Resorts portfolio. All hotels in this brand are generally located in commercial or airport districts of major cities. Renaissance hotels offer multiple restaurants, business centers, pool, health club and conference and banquet facilities. As of October 1, 1998, there were 82 hotels represented in this brand, offering 32,300 rooms worldwide.
The Lake Powai Marriott Executive Residences will be included in the company`s upscale, apartment-like accommodations brand portfolio and are designed to meet the needs of business executives planning to stay in an urban, overseas destination for 30 days or more. The brand offers travelers a residential-style apartment with hotel-like amenities, full-kitchens, 24-hour security and the availability of short-term leases. Two Marriott Executive Residences are currently in operation. They are located in Budapest, Hungary, and Hong Kong. A third facility is under construction in Prague, the Czech Republic.
Guests who stay at any one of the Marriott branded hotels will benefit from Marriott Rewards, the world`s largest multi-brand frequent guest program.