Third Renaissance-Branded Hotel Planned for Shanghai in 2007
Renaissance Shanghai Zhongshan Park Hotel to Have 680 Guest Rooms
WASHINGTON, DC, December 6, 2006. Marriott International, Inc. (NYSE:MAR) will open its third Renaissance-branded hotel in Shanghai in mid-2007, under a management agreement reached with Summit Property Development Co. The 680-room Renaissance Shanghai Zhongshan Park Hotel will occupy the top 35 floors of a distinctive 60-story tower and will have a breathtaking sky lobby.
The hotel will be part of a mixed-use complex that will include 160,000 square meters of retail space and 24,000 square meters of office space. It will benefit from direct access to a shopping mall, a movie theater and offices, and will offer guests convenient access to the nearby Zhongshan Park metro station. Various Hangqiao business parks are nearby.
'We are thrilled by the continued expansion of our sophisticated Renaissance brand in China,' said Ed Fuller, president and managing director of international lodging for Marriott International. 'We are equally delighted to be working closely with Summit Property Development and appreciate their confidence in us to deliver the positive operating and guest service results they anticipate for this hotel. We are confident that the solid reputation enjoyed by our Renaissance brand in China will contribute greatly to the future success of this hotel.'
Guest rooms at the Renaissance Shanghai Zhongshan Park Hotel will be larger than rooms offered in the hotel's competitive set; a majority will offer separate showers and baths.
For dining and entertainment, the hotel will have a lobby lounge and three restaurants including a casual, all-day restaurant featuring a permanent grand buffet; a Chinese restaurant offering eight private dining rooms and a specialty restaurant.
Other amenities will include an executive lounge, an indoor swimming pool, a health club and spa, a gift shop, a business center, and a concierge desk.
For social events and conferences, the Renaissance Shanghai Zhongshan Park Hotel will have 1,765 square meters of space. Included will be a 1,247 square meter ballroom that will be divisible into three sections and six individual meeting rooms in varying configurations.
Marriott's Renaissance brand portfolio in Shanghai currently consists of the 370-room Renaissance Shanghai Pudong Hotel and the 544-room Renaissance Shanghai Yangtze Hotel. The 327-room Renaissance Shanghai Yuyan Hotel is currently under construction and is expected to open in 2007.
Other Renaissance-branded hotels in China include the 212-room Renaissance Beijing Hotel, the 377-room Renaissance Suzhou Hotel, the 273-room Renaissance Tianjin Hotel, and the 543-room Renaissance Tianjin TEDA hotel. Additional Renaissance-branded hotels under construction in China include the 289-room Renaissance Wuhan Hotel, scheduled to open in early 2007; and the 540-room Renaissance Beijing Capital Hotel which will open in mid-2008.
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 
