Marriott ExecuStay Acquires Baltimore abd Annapolis Corporate Housing Business
WASHINGTON, DC, August 19, 2005. Marriott ExecuStay, the corporate housing division of Marriott International, Inc., today announced that it will acquire the Baltimore and Annapolis, Md., corporate housing business of its franchisee, TempRentals, LLC, a division of The Bernstein Companies. Effective Aug. 22, Marriott ExecuStay will add the Baltimore and Annapolis markets to its base of managed market operations.
Karen Blair, senior vice president of Marriott ExecuStay, said, "TempRentals, LLC, which franchised the Baltimore and Annapolis markets 18 months ago, created such a strong customer base that we both agreed that combining these markets with ExecuStay's Washington, D.C., operation was a natural fit, especially given that Washington is currently one of the strongest corporate housing markets in the country."
Blair added that Cathy Bokman, TempRentals' president, will become area general manager for Marriott ExecuStay's Washington, D.C., Northern Virginia and Maryland markets, which are comprised of 46 counties covering more than 1,600 square miles. Blair said, "Cathy Bokman's proven track record and sterling reputation in the hospitality and corporate housing industries, as well as her 23 years of sales and operations experience, position Marriott ExecuStay for even greater success in this region."
"Marriott ExecuStay has never been stronger," continued Blair. "We continue to be dedicated to our core competencies, corporate and insurance housing, and, with our commitment to continued integration into Marriott's sales and marketing systems, are solidly aligned for sustained and profitable growth."
Washington, D.C. based Bernstein Companies is one of Washington's oldest real estate development, investment and management organizations. Bernstein's commercial portfolio consists of more than 40 properties, including office buildings, hotels and apartment complexes. Bernstein is the operator of two Marriott hotel properties: the Embassy Row Courtyard in Washington, D.C., and the soon-to-open SpringHill Suites in Annapolis, Md.
Marriott ExecuStay (www.execustay.com; 1-888-840-7829) offers travelers who require stays of 30 days or more the spaciousness and privacy of apartment living. All Marriott ExecuStay apartments are fully furnished and accessorized, with monthly rates that include basic utilities, phone service and cable television. Customers can enjoy the added benefit of earning points in Marriott Rewards(R), the company's award-winning frequent travel program.
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 provides fully furnished corporate apartments throughout the United States, Europe, Great Britain and Asia through its Marriott ExecuStay and Marriott Executive Apartments brands.
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 
