Deal Signed for Nine UK Properties
LONDON, UK, October 18, 2005. Rezidor SAS Hospitality is to take over the management of nine UK properties to be operated under the Park Inn brand. The portfolio, previously part of the Queens Moat House Group and being sold by Goldman Sachs and Westmont Hospitality, will be operated under long-term agreements with Jefferson Hotel LLP, as the new owners.
The nine hotels will give Park Inn extensive coverage across the UK, including the greater M25, the Midlands and Rezidor SAS's first property in Wales. The new portfolio totals 1,196 bedrooms across hotels located in Nottingham , West Bromwich, Bedford, Telford, Lakeside, Northampton, Cardiff, Harlow and Watford. All properties will have a restaurant and bar, conference facilities and a health club. The majority are at major motorway junctions and close to a business park. Rezidor SAS plans to renovate and upgrade the current product for approximately 15 million pounds over the next two years, bringing them in line with the Park Inn brand.
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 
