Execustay Launches Preferred Plus Housing Program

Washington, D.C. - Nov. 20, 2002 - Marriott ExecuStay Insurance Housing Solutions, a division of Marriott International, Inc. (NYSE:MAR), today announced that it has launched “Preferred Plus,” a temporary housing program that gives authorized claims adjusters with insurance companies the immediate and unprecedented ability to offer direct-billed, discounted hotel stays to displaced homeowners in 49 U.S. states (all but Hawaii).

Marriott ExecuStay Insurance Housing Solutions has leveraged being part of the Marriott-branded portfolio of hotels to create Preferred Plus, which offers authorized adjusters and insurance companies:

An exclusive, toll-free Preferred Plus reservations line and 24/7 assistance;
Exclusive, discounted hotel rates at Marriott-branded hotels in 49 states, with complimentary breakfast for two in most locations;
One monthly direct-billed invoice for hotel stays;
The ability to smoothly transition the policyholder to long-term Marriott ExecuStay Insurance Housing Solutions temporary homes;
The benefit of working with a claim-specific, single-source temporary housing provider specifically designed to service insurance companies;
The ability to accommodate policyholders in temporary housing by providing a choice of hotels, homes, apartments, condominiums or town homes.

Creates “Preferred Plus” Temporary Housing Program:

Joe Novia, vice president of Marriott ExecuStay Insurance Housing Solutions, said, “Never before has any temporary housing company been able to bundle such enormous benefits into a one-stop-shop package for both insurance adjusters and policyholders. Preferred Plus is for insurance companies and adjusters that recognize the value of working in a strategic partnership with Marriott ExecuStay as a preferred vendor. For policyholders, the stress of displacement is reduced, thanks to the ability to choose from a wide range of quality accommodations.”

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Joe Lavin, Marriott ExecuStay’s executive vice president and managing director, added, “Preferred Plus is just another example of the many benefits Marriott ExecuStay customers receive by doing business with an established temporary housing company crowned with the Marriott name.”

Novia said that adjusters and insurance companies that would like more information about Preferred Plus should contact either Kelly Johnson, national director of sales ([email protected]), or Joe Novia ([email protected]) at (800) 990-9292.

Marriott ExecuStay Insurance Housing Solutions is the nation’s leading provider of temporary housing to the insurance industry. With 16 full-service offices located throughout the U.S., Marriott ExecuStay Insurance Housing Solutions provides fully furnished and accessorized, claim-specific temporary housing customized to fit the needs of both the insurance adjuster and the policyholder.

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