Emaar MGF ties-up with Marriott International for Three (3) JW Marriott Hotels and One (1) Courtyard by Marriott Hotel in India

Mumbai, April 1, 2008: Emaar MGF, one of India’s leading real estate developers, has partnered with Marriott International Inc., a leading international hospitality company, to design, construct and equip luxury-branded JW Marriott Hotels in New Delhi, Hyderabad, Kolkata and a ‘Courtyard by Marriott’ hotel in Amritsar, entailing total investments of over USD 400 million. The hotel projects are likely to be completed by 2010-end.

As part of the agreement, Emaar MGF will be the owner and developer of the proposed hotels and Marriott International shall provide advisory and management services for the planning, design, construction and operations.

Elaborating on this partnership, Mr. Shravan Gupta, Executive Vice Chairman and Managing Director, Emaar MGF, said, “As services, travel, and tourism sectors continue to show impressive growth in India, resultant demand for more hotel rooms is on an upswing. However, there still seems to be a huge gap between demand and supply and our partnership with Marriott is an endeavor towards effectively bridging this gap.”

He further added, “We are excited to partner with Marriott International, for setting up one of their marquee brands, JW Marriot hotels in New Delhi, Hyderabad and Kolkata and a ‘Courtyard by Marriott’ hotel in Amritsar. For Emaar MGF, this partnership is a step forward in our ambitious hospitality plans, as we consistently endeavour to bring global service standards and service excellence in the Indian hospitality business.”

Mr. Ed Fuller, President & Managing Director, Marriott International, said, “Emaar MGF has the vision, the vitality and sense of the market that enables it to develop outstanding hotels that appeal to a variety of current and emerging customer segments. We at Marriott International, meanwhile, have the broadest portfolio of lodging brands, all of which enjoy high customer preference and acceptance. We look forward to working with Emaar MGF to help bring the three JW Marriott-branded hotels and one Courtyard by Marriott hotel to fruition”

JW Marriott Hyderabad: Down south in Hyderabad, the planned 250-room JW Marriott will come up at HITEC City as a part of Emaar MGF’s sprawling 531-acre integrated township in the IT hub of Hyderabad. Set amidst vast expanse of greenery, ensconced within Emaar MGF’s International standard 18-hole championship golf course, natural boulders and water bodies, this luxurious property will be surrounded by some of the biggest IT companies of India. The hotel will excel in terms of the variety of food and beverage facilities it would provide, taking full advantage of the beautiful views of the golf course. It will have a health club and spa complemented by and landscaped alfresco terrace and fitness lawn on the podium. The spacious guestrooms will have astounding views of the golf course.

JW Marriott Kolkata: The 250-key property will be complimented with an assortment of collective amenities including a spacious and tranquil pool terrace and spa, high-end restaurants and trendy eateries. A specialty restaurant located on the rooftop will tower above all the other dining locations in the city. The property is strategically situated on the EM Bypass that has emerged as one of the most preferred destinations for industry, developing business districts, residential units and shopping malls. The hotel will have an exclusive residence-style meeting facility, with banquet hall facing an elegant outdoor patio. The guests will have access to a modern health club and spa which will front onto a landscaped pool terrace. The triple height lobby area will connect to an exclusive restaurant and holding bar by a grand staircase. The hotel will also have an executive lounge on the 19th floor overlooking the city.

The company is headquartered in Bethesda, Maryland, USA, and had approximately 151,000 employees at 2007 year-end. It is ranked as the lodging industry’s most admired company and one of the best places to work by FORTUNE magazine. The company is also a 2006 U.S. Environmental Protection Agency (EPA) ENERGY STAR partner. In fiscal year 2007, Marriott International reported sales from continuing operations of $13 billion. For more information or reservations, please visit our Web site at www.marriott.com.

Marriott’s luxury JW Marriott brand is a global collection of the most distinctive and elegant hotels that bear the Marriott name. The brand appeals to consumers who are grounded, accomplished achievers who want to distance themselves form the need to publicly display a badge of status and who seek unique environments stripped of pretence. These guests are accustomed to luxurious surroundings and prefer hotels that offer authentic design, local character as well as genuine, anticipatory service that meets their needs.

JW Marriott-branded hotels offer dramatic architectural and interior features, spacious guest rooms and a selection of restaurants and lounges that boast imaginative dining experiences. State of the art fitness centers and spas (in many locations) and 24-hour executive business centers and lounges enable JW Marriott guests function at their best whether traveling on business or pleasure.

With nearly 800 hotels worldwide, Courtyard by Marriott hotels ranks as Marriott’s largest brand and the 13th largest lodging brand in the world. The brand was first introduced in 1983 and was designed for business and leisure travellers who are motivated by success but who also enjoy taking the break from routine that travel offers.

Courtyard guest rooms are usually larger than those offered by other hotels in its customer segment. Public space evokes a residential feeling of scale and an ambience that is casual and of high quality, allowing guests to feel relaxed, comfortable and welcome. Well-equipped fitness centers; one or more restaurants service breakfast, lunch and dinner; business service centers (some operating 24 hours a day) and meeting rooms that are extensive at many locations round-out the features offered by Courtyard hotels.