Renaissance Schaumburg Opens
$200,000 Grand Opening Party
SCHAUMBURG, IL, August 17, 2006. The $224 million Renaissance Schaumburg Hotel & Convention Center celebrated its grand opening last night with a $200,000 fete for 400 VIPs and local residents. William Shaw, President and Chief Operating Officer of Marriott International, joined Schaumburg Mayor Al Larson and General Manager Tom Robertson in presenting the completed project to the invitation only crowd. Actors from the Redmoon Theater Troupe greeted guests in whimsical costumes and outlandish contraptions molded out of metal, fabric and imagination, adding an air of fantasy to the evening.
The project, located in Northwest Chicago, was originally developed by Mayor Larson and the Village of Schaumburg Trustees as a new economic driver for the region. The project has already made a positive economic impact on the Village of Schaumburg, creating 400 jobs with annual wages of $15 million. Since advance bookings began in December 2004, the center's staff has secured 42 events and 27,000 hotel nights totaling $5.8 million in revenue-more than double the original goal. These promising results show the convention center may also surpass a 2003 feasibility study prediction that it will draw 380,000 attendees and over 70,000 hotel stays to Schaumburg each year.
"We are extremely proud of this project," said General Manager Tom Robertson, "and I know that the Village of Schaumburg is pleased with our progress with both the hotel and convention center. The entire facility is a work of art," he added. "Everywhere you look there are unique, design-inspired touches - from the design to the food to the technology. Now that we are open, we are truly the signature property of the Renaissance brand."
The Renaissance Schaumburg Hotel and Convention Center includes a 500-room Renaissance Hotel with a 28,000 sq. ft. ballroom and 20,000 sq. ft. of meeting space, accompanied by a convention center with 100,000 sq. ft. of pillar-less exhibition space and a sleek new Sam & Harry's steakhouse. Plans call for the addition of a new Performing Arts Center in the second phase.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
