Grand Residences by Marriott at Bay Point Opens
First Whole Ownership Property for the Brand
PANAMA CITY, FL, August 9, 2007. Introducing the first whole ownership real estate property for the brand, Grand Residences by Marriott announces the construction completion of its Panama City Beach, Fla. location. Marked by a ribbon cutting ceremony, Grand Residences by Marriott at Bay Point Owners are now closing on their residences and moving into the enviable Bay Point community.
"Owners of Grand Residences by Marriott at Bay Point have purchased something very special," said Stephen P. Weisz, president, Marriott Ownership Resorts, Inc. "Surrounded by an 1,100 acre wildlife sanctuary along the emerald waters of Grand Lagoon, we selected a location which is no doubt one of the most desirable residential areas in the region, and we're pleased to welcome them home."
Within a gated resort setting, Grand Residences provides a carefree lifestyle - along with Marriott management expertise. Residents enjoy a fitness center; resort-style swimming pool; whirlpool spa; owners' lounge; outdoor living space with fireplace, billiards and table tennis area; barbeque gas grills and fire pit; and assigned parking. Additionally, Owners have access to Bay Point Marina, several fine dining restaurants, The Spa at Bay Point located at the nearby Marriott resort, and two renowned 18-hole golf courses - The Nicklaus Course and The Meadows Course.
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 
