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Two Resorts for Hawaii Portfolio

The Marriott International (NYSE:MAR) lodging portfolio in Hawaii will expand in 2003 under a franchise agreement reached with Outrigger Enterprises. Under the agreement, the 524-room Outrigger Wailea Resort on Maui and the 545-room Outrigger Waikoloa Resort on the Island of Hawaii will both convert to Marriott resorts on January 3, 2003.

“We are very excited to welcome these two fine resorts into our lodging system,” said Ed Fuller, president and managing director for international lodging at Marriott International. “Hawaii plays an important position in our long-term strategies and these two resorts help us give our customers more lodging choice in the State. We are delighted to be working with such a well-regarded hotel operator like Outrigger Enterprises and are confident that this newly forged relationship will be mutually beneficial and productive.”

Speaking for Outrigger Enterprises, President and Chief Executive Officer David Carey said, “This partnership allows us to introduce Outrigger’s island hospitality to Marriott’s customers, including Marriott Rewards members and corporate and meeting customers. At the same time, the hotels will continue to benefit from Outrigger’s long-standing relationships with travel agents around the world who associate Outrigger with Hawaii and the Pacific.”

The 521-room Wailea Marriott, an Outrigger Resort is situated on 22 oceanfront acres on the south shore of Maui less than a mile south of the intersection of Wailea Alanui drive and Okolani Drive in the resort community of Wailea. About 75 percent of its guestrooms have ocean views.

Wailea consists of three championship golf courses, a tennis center, five white sand beaches, the 150,000 square-foot Shops at Wailea retail center and luxury residential housing. It is located about 14 miles from Kahalui Airport that offers nonstop service from the U.S. mainland as well as commuter service from Honolulu. In addition to tourism, Maui continues to grow as a center for technology and its Haleakala High Altitude Observatory is one of the prime space observation sites in the world.

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For dining and entertainment, the Wailea Marriott will have two restaurants and a lounge. The resort will also host four traditional Hawaiian luaus weekly. Other amenities include three hot tubs; five swimming pools including a children’s pool with two water slides; a 4,200 square-foot health and fitness center offering spa treatments; a business center; children’s club; putting green, retail shops and parking.

For conferences and social events, the Wailea Marriott offers 31,480 square feet of flexible space within the hotel and an additional 67,000 square feet of exterior space encompassing a 16,000 square-foot roof terrace, 25,000 square feet of luau gardens and 26,000 square feet of lawns. The resort’s 3,800 square-foot grand ballroom is divisible into six sections. The 5,060 square-foot junior ballroom is divisible into three sections. Additionally, there are 13 individual meeting rooms offering 12,620 square feet of space.

The Wailea Marriott opened in 1976 and joined Outrigger in the mid-1990s. The hotel underwent a comprehensive renovation in 2000 and additional upgrades to its guestrooms and restaurants were made over the past two years.

The 545-room Waikoloa Beach Marriott, an Outrigger Resort is located on the Kohala Coast of the Island of Hawaii. The community includes two 18-hole championship golf courses, 75,000 square feet of retail space, residential housing, beaches and cultural sites. The resort will be Marriott’s first representation on the island and is approximately 16 miles northeast of Kona at Keahole International Airport.

For dining and entertainment, the Waikoloa Beach Marriott Resort will offer two restaurants, a lounge, coffee bar and a twice-weekly traditional Hawaiian luau. Other amenities include a swimming pool with waterslide, tennis, spa and salon, fitness center, business center and a children’s club.

For social events and conferences, the Waikoloa Beach Marriott Resort will have 12,908 square feet of interior space and luau gardens consisting of 6,800 square feet of exterior space. Its grand ballroom consists of 6,656 square feet and is divisible into three sections. The junior ballroom consists of 2,268 square feet and can be divided into two sections. Additionally, there are two meeting rooms offering 3,984 square feet of space.

The Waikoloa Beach Marriott Resort opened in 1981 and was converted by Outrigger in the late 1980s. In 1999, the resort underwent a total renovation. Additional upgrades were introduced to its dining facilities through 2002. About 70 percent of its guestrooms have ocean views and all have lanais.

The Marriott International lodging portfolio in Hawaii currently consists of seven hotels and two Marriott Vacation Club International vacation ownership communities, totaling 3,227 rooms. The hotels are located on Oahu, Kauai and Maui and represent the company’s Ritz-Carlton, JW Marriott, Marriott and Renaissance lodging brands. A 134-room moderately priced Courtyard by Marriott hotel is planned to open on Maui in 2004.
Outrigger Enterprises is the parent company of Outrigger Hotels & Resorts, the largest hospitality management company in Hawaii and the fastest-growing hospitality company in the Pacific. The company has 41 hotels and condominiums with approximately 12,000 rooms and is represented in Australia, Fiji, Hawaii and Micronesia.

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