Marriott Execustay Awarded GSA Contract
WASHINGTON, DC, May 9, 2007. Marriott ExecuStay, the temporary-housing brand of Marriott International, Inc. (NYSE:MAR) is pleased to announce their contract award by the General Services Administration (GSA). On April 25, 2007, the GSA signed a contract naming Marriott ExecuStay the first government approved corporate housing provider under their multiple awards schedule program.
The five-year contact, with three renewable 5-year option periods, is estimated to be worth $5 million in sales annually. GSA data indicates that federal agencies spend more than $150 million for corporate housing services per year. The contract is a win-win for both the government and Marriott ExecuStay - providing streamlined ordering procedures for temporary housing stays of 30+ days, flexible housing options, and cost savings. It also gives decision makers the confidence in knowing that Marriott ExecuStay is a high caliber industry professional selected using strict criteria. For Marriott ExecuStay it opens new doors to key government decision makers.
"The process was rigorous and took a team of dedicated associates nearly six months of preparation. Needless to say, we are elated to have been awarded the contract and are excited to begin working with the federal government as the first approved corporate housing provider. We offer a quality product with unique value-add services. We are confident that the government will find great value in this new relationship." said Karen Blair, senior vice president of Marriott ExecuStay.
Marriott ExecuStay offers guests of 30 days or more the spaciousness and privacy of a residence that is fully furnished and accessorized, with monthly rates that include basic utilities, phone service, cable television, housekeeping and 24-hour customer service. Guests can enjoy the added benefit of earning points in Marriott Rewards(R), the company's award-winning frequent travel program. Marriott ExecuStay provides guests with fully furnished, personalized apartments or homes with as little as one day's notice and unique services to help guests integrate into their new communities. In addition, its insurance housing solutions division provides temporary housing for those impacted by unforeseen events. Marriott ExecuStay is part of Marriott International's extended-stay lodging portfolio, which also includes Residence Inn, TownePlace Suites and Marriott Executive Apartments.
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 
