New Marriott Announced for Cartagena

Hotel is Third Marriott International Endeavor in Colombia

. January 20, 2011

January 19, 2011 - Marriott International, Inc. continues to grow its portfolio in Colombia with the announcement of its plans to open the 278-room Cartagena Marriott Hotel in Cartagena de Indias, Colombia. Currently scheduled to open in 2014, the project will be operated under a management agreement with Promotora El Faro S.A., controlled by Spazio Urbano. Marriott International is currently represented in Colombia by the JW Marriott Bogota Hotel and Bogota Marriott Hotel.

“We are thrilled to expand our flagship brand in Colombia, especially in such an exciting destination as Cartagena,” said Laurent de Kousemaeker, chief development officer for Marriott International in the Caribbean & Latin America. “We recognize Colombia as one of the most dynamic markets in Latin America. This announcement of a new Marriott hotel in Cartagena reflects the increasing international interest in this unique destination.”

”We are pleased to bring the world's leading hotel management company to our hometown, in this beautifully designed project that will be a new shinning light in the development of tourism for the area” said Martha Abondano, CEO of Spazio.

Founded in 1533, Cartagena has emerged as world class tourism and resort destination, and an important convention city for the country. The Cartagena Marriott Hotel will be ideally located in the Bocagrande neighborhood of the city, overlooking the Caribbean Sea and approximately one and a half miles from the historic city center, which was declared a UNESCO World Heritage site in 1984.

The 278-room Cartagena Marriott Hotel will be uniquely designed for the achiever who makes the most out of every opportunity - whether traveling for business or pleasure. The stylish hotel lobby will be the heart of the hotel, a versatile, multi-purpose space that becomes the social center for guests as well as local residents to meet friends and colleagues, grab a bite to eat, plug in their devices and work either in small groups or alone but still be close to the action - any time of the day or night. A selection of distinct amenities will include a fine dining restaurant, spa, fitness center and more 1,000 square meters of meeting space.

Spazio Urbano S.A., a locally-based Colombian development company specialized in residential real estate projects. In its 28 years of experience Spazio has managed, designed or constructed 80 projects totaling more than 10,000 residential units in Colombia, and currently has 7 projects under development in Cartagena.

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