Marriott Vacation Club International, the vacation ownership division of Marriott International, Inc. (NYSE: MAR), announced it will develop a new Vacation Ownership resort adjacent to the Seaview Marriott Resort in Abescon, N.J. Marriott`s Fairway Villas will include 270 two-bedroom luxurious villas each with a panoramic view of the woodlands or one of Seaview`s two historic golf courses. Sales began in July and owner occupancy is scheduled for mid-year 2000.

Marriott Vacation Club is known for its unique resorts in exclusive destinations, stated Stephen P. Weisz, president of Marriott Vacation Club International. We are excited to extend to vacationers and golfers the first opportunity to enjoy a lifetime of luxurious vacation accommodations at one of the premier golf resorts in the Northeast.

Marriott`s Fairway Villas will be built adjacent to the Seaview Resort. Originally, the resort featured an 18-hole golf course, designed by top Scottish golf course designer Donald Ross and an elegant country club that were developed in 1914. Today, the resort complex has been expanded to include a second golf course, an indoor swimming pool and tennis courts. Fairway Villas` owners and guests will have access to Seaview`s championship golf courses, Marriott hotel amenities and a complete world-class spa complex under development at the Villas resort.

To showcase the unique features of this resort during its development, Marriott Vacation Club International will open a state-of-the-art Vacation Gallery on site for vacation ownership sales. The gallery will feature architectural models and other displays that depict the resort design and amenities.

Marriott vacation ownership benefits allow owners to exchange their vacation week(s) for comparable week(s) at any of Marriott`s other 38 Vacation Ownership resorts worldwide, or within the Interval International global system of 1,600 resorts in 60 countries. Owners can also trade their villa weeks for points redeemable through the Marriott Rewards frequent guest program for worldwide Marriott hotel stays as well as cruises, air travel and car rentals.

Marriott Vacation Club International is the Vacation Ownership division of Marriott International and currently features 38 luxury resorts, seven of which are under development, in 18 destinations with nearly 120,000 owners. Vacation Ownership resorts currently under development include Newport, California; Palm Beach Shores, Florida; Palm Beach, Aruba; and Mallorca, Spain.

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