Neil Jacobs Joins Starwood
To Oversee Global Hotel Operations
WHITE PLAINS, NY, January 16, 2008. Starwood Capital Group, a leading real estate private investment firm, said today it has hired Neil B. Jacobs as President of Global Hotel Operations. His portfolio will include the recently announced Baccarat Hotels and Resorts, 1 Hotels and Residences and Crillon Hotels brands.
He joins the company after 14 years with Four Seasons Hotels & Resorts where he most recently served as Senior Vice President Asia Pacific, overseeing 17 hotels in the region with an additional 10 properties under development.
"With last week's announcement of the new Baccarat Anguilla Resort & Residences joining the Baccarat Wailea, Hawaii, and more than two dozen other active projects in our global pipeline, we are entering an exciting period in the development of our hotel brands. We are delighted to have someone with Neil's experience and credibility overseeing our hotel operations," said Mr. Sternlicht, Chairman and CEO of Starwood Capital Group. "Neil led Four Seasons' expansion into Asia where he developed, managed and operated luxury destination resorts and urban hotels. He is a perfect fit for our aspirations to offer travelers the ultimate experience in the world's best designed properties in the most desirable locations."
"I am excited to be joining Starwood Capital, and particularly to be working alongside Barry Sternlicht at such an important time in the company's history," Mr. Jacobs said. "Under Barry's leadership, Starwood Capital continues to break new ground in the hospitality industry with its innovative concepts currently in development. We now, have the opportunity to help redefine the luxury hotel and living segments as we unveil several new brands over the next several years. I am eager to add my experience and point of view to that effort."
Mr. Jacobs will be based at Starwood Capital's Greenwich, CT headquarters and report directly to company Chairman and CEO Barry Sternlicht. The Concorde brands, an imposing collection of marquis assets led by the Concorde Lafayette, the Concorde Berlin, the Concorde Marseilles as well as the Hotel Lutetia, the Hotel Martinez and the Hotel du Louvre, will continue to be operated and headquartered in Paris, France. It is anticipated that the new brands will utilize the strong technology backbone of the Concorde Group and its parent, Louvre Hotels.
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 
