Two Historic Properties Join Marriott

The historic Grosvenor House Hotel in London and the Shelbourne Hotel in
Dublin have joined the Marriott International, Inc. lodging portfolio
under lease agreements with The Royal Bank of Scotland plc. In 2007,
following extensive restorations of both hotels, the Grosvenor House will
be converted to Marriott`s prestigious JW Marriott brand, and the
Shelbourne Hotel will join Marriott`s Renaissance brand portfolio.

Opened in the late 1920s, the Grosvenor House hotel boasts frontage along
Park Lane across from Hyde Park and encompasses the entire block between
Upper Grosvenor Street, Mount Street and Park Street in the most coveted
London postcode. The restoration will encompass its exterior facade, guest
rooms, public space, dining areas, health club, kitchens and the addition
of spa facilities. Upon completion, the hotel will offer 498 guest rooms
and will be rebranded The Grosvenor House, a JW Marriott Hotel, the first
property to carry this flag in the United Kingdom.

The Shelbourne originally opened in 1824 and is located on St. Stephens
Green in central Dublin. In 1922, the Irish Constitution was drafted and
signed in the hotel, and the property still plays a prominent role in
Irish society. Today, its lounge, the Horseshoe Bar, is a popular
gathering place for members of Ireland`s parliament and judiciary. Its
restoration program will cover guest rooms, lobby and dining facilities,
as well as the addition of central air conditioning in guest rooms,
meeting rooms and public space. Upon completion, the hotel will offer 276
rooms and will be rebranded The Shelbourne, a Renaissance Hotel. It will
be the eighth Renaissance-branded property in the United Kingdom and
Marriott International will operate both hotels during the restoration

“We are thrilled by the addition of these two sensational hotels to our
global lodging portfolio and are delighted to be able to introduce our JW
Marriott brand to London and to expand our Renaissance brand in the United
Kingdom and Ireland,” said Ed Fuller, president and managing director of
international lodging for Marriott International.

JW Marriott Hotels & Resorts is Marriott`s distinctive collection of
luxurious hotels providing attentive personal service, elegant
accommodations and an extensive array of services desired by the world`s
most discerning travelers. The collection currently encompasses 32
properties in 16 countries.


Following completion of its restoration program, The Grosvenor House, a JW
Marriott Hotel will have 498 guest rooms, a concierge lounge, a business
center, a gift shop, and a health club and spa. Plans for its food and
beverage offerings are still being developed.

Having one of the largest ballrooms in Europe with a banqueting capacity
for over 2,000 guests, the hotel will offer 52,323 square feet of space,
including a 21,528-square-foot Great Room, a 6,146-square-foot ballroom,
32 meeting rooms in various configurations providing a total of 24,251
square feet of space, and one 398-square-foot board room.

Renaissance Hotels & Resorts is an upscale, distinctive, sophisticated
full-service hotel brand designed to enhance the enjoyment and
productivity of its guests. Renaissance guests can expect stylish,
comfortable environments, respectful service and contemporary restaurants
that feature well-defined, quality dining experiences.

Following completion of its restoration program, The Shelbourne, a
Renaissance Hotel will have 276 guest rooms, an addition of 86 rooms to
its current accommodations mix. For dining and recreation, the hotel will
have two restaurants and three lounges. Other amenities will include a
gift shop, health club with indoor swimming pool, a business center and
off-site valet parking.

For conferences and social events, the hotel will have 12,249 square feet
of space, including a 3,940-square-foot Great Room, 10 individual meeting
rooms offering a combined total of 5,909 square feet, and the addition of
three new meeting rooms offering a total of 2,400 square feet.

In London, the Marriott International lodging portfolio is represented by
eight Marriott and Renaissance hotels offering 2,417 rooms. Two additional
hotels will open later this year at Canary Wharf—the 301-room London
Marriott West India Quay and the 47-unit Marriott Executive Apartments
West India Quay.

In Ireland, the Marriott International portfolio is represented by the
148-room Druids Glen Marriott Hotel & Country Club located about 25 miles
south of Dublin.

Marriott International is a leading worldwide hospitality company with
over 2,600 lodging properties in the United Sates and 68 other countries
and territories. Marriott International operates and franchises hotels
under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence
Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and
Ramada International brand names; develops and operates vacation ownership
resorts under the Marriott Vacation Club International, Horizons, The
Ritz-Carlton Club and Marriott Grand Residence Club brands; operates
Marriott Executive Apartments; provides furnished corporate housing
through its Marriott ExecuStay division; and operates conference centers.
Marriott is also in the synthetic fuel business. The company is
headquartered in Washington, D.C., has approximately 128,000 employees,
and was ranked as the lodging industry`s most admired company and one of
the best places to work for by Fortune magazine. For more information or
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