RIDA Development & Houston First Corporation to Develop 1,000-key Houston Marriott Marquis in Texas

Flagship Hotel to Open in 2016

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. December 23, 2013

Bethesda, MD - December 23, 2013 - RIDA Development Corporation in conjunction with the Houston First Corporation will develop a 1,000-room Marriott Marquis in the heart of Houston. The hotel, which will have over 100,000 square feet of meeting space, will be across the street and connected via skyway to the Houston Convention Center. It is scheduled to break ground in 2014 and open in 2016.

Situated in downtown Houston, the hotel will have direct access to the Discovery Green, CBD theater district, University of Houston, upscale shopping, dining and underground Houston. In addition, there will be 20,000 square feet of ground floor retail in the hotel.

With sweeping interiors that offer a polished interior design and dynamic touches that reflect the heritage of Texas, the Houston Marriott Marquis will showcase the innovation of the Marriott Hotels brand. This includes Marriott Hotels' signature Greatroom lobby, which has been designed for the next generation of travelers. The lobbies are stylish, modern and comfortable with flexible seating for small groups or individuals. They have all day menus offering light bites and meals. In addition to the Greatroom, the hotel will have a coffee shop, a sports bar and two restaurants. The Houston Marriott Marquis will also offer a 5,000 square-foot spa with seven treatment rooms and a 5,000 square-foot fitness center as well. The outdoor area will include an infinity edge pool, a Texas shaped lazy river and seven event lawns.

"We are thrilled to join RIDA development in bringing the Marriott Marquis to Houston. This 1000-room hotel will add hundreds of jobs and offer other economic benefits to the city. It will join the Marriott Marquis hotels in New York, San Diego, Atlanta and Washington, DC (opening in 2014), which are known throughout the convention and meetings industry for offering world class amenities, services, and state-of-the-art meeting technology," said Terri Dolan, Marriott's area vice president/America's/Western region.

The Houston Marriott Marquis will be part of Marriott's Convention & Resort Network, a premier collection of over 60 meeting and convention hotels and resorts that can be found from London to Los Angeles, New York City to Cancun. With 5.1 million square feet of meeting space and 54,000 rooms, the The Convention & Resort Network offers more choices than any other hotel company in the world. For sales inquiries, contact Tom Dolan, 512-614-6460 at [email protected].

About Marriott Hotels

With 500 hotels and resorts in nearly 60 countries around the world, Marriott Hotels is evolving travel through every aspect of the guest's stay, enabling the next generation to Travel Brilliantly. Boldly transforming itself for mobile and global travelers who blend work and play, Marriott leads the industry with innovations, including the Greatroom, Future of Meetings and Mobile Guest Services that elevates style & design and technology. All Marriott hotels participate in the award winning Marriott Rewards frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information, visit www.MarriottHotels.com.

Marriott International, Inc. (NASDAQ: MAR) is a leading lodging company based in Bethesda, Maryland, USA, with nearly 3,900 properties in 72 countries and territories and reported revenues of nearly $12 billion in fiscal year 2012. The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands. For more information or reservations, please visit our web site at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.