| * Kolkata & Amritsar projects under development |
| * MOUs signed for New Delhi and Hyderabad projects |
| * 912 guestrooms planned over next 3 years with a total investment of over USD 400 million by Emaar MGF |
| Mumbai, April 1, 2008: Emaar MGF, one of India's leading real estate developers, has partnered with Marriott International Inc., a leading international hospitality company, to design, construct and equip luxury-branded JW Marriott Hotels in New Delhi, Hyderabad, Kolkata and a 'Courtyard by Marriott' hotel in Amritsar, entailing total investments of over USD 400 million. The hotel projects are likely to be completed by 2010-end. |
| As part of the agreement, Emaar MGF will be the owner and developer of the proposed hotels and Marriott International shall provide advisory and management services for the planning, design, construction and operations. |
| Elaborating on this partnership, Mr. Shravan Gupta, Executive Vice Chairman and Managing Director, Emaar MGF, said, "As services, travel, and tourism sectors continue to show impressive growth in India, resultant demand for more hotel rooms is on an upswing. However, there still seems to be a huge gap between demand and supply and our partnership with Marriott is an endeavor towards effectively bridging this gap." |
| He further added, "We are excited to partner with Marriott International, for setting up one of their marquee brands, JW Marriot hotels in New Delhi, Hyderabad and Kolkata and a 'Courtyard by Marriott' hotel in Amritsar. For Emaar MGF, this partnership is a step forward in our ambitious hospitality plans, as we consistently endeavour to bring global service standards and service excellence in the Indian hospitality business." |
| Mr. Ed Fuller, President & Managing Director, Marriott International, said, "Emaar MGF has the vision, the vitality and sense of the market that enables it to develop outstanding hotels that appeal to a variety of current and emerging customer segments. We at Marriott International, meanwhile, have the broadest portfolio of lodging brands, all of which enjoy high customer preference and acceptance. We look forward to working with Emaar MGF to help bring the three JW Marriott-branded hotels and one Courtyard by Marriott hotel to fruition." |
| JW Marriott Delhi, Jasola: The proposed 300-room development will be a lifestyle destination hotel located in Jasola "� Delhi's fast emerging commercial hub. The property will go a long way in easing the crunch on hotel rooms in Delhi that is equipping itself to host the Commonwealth Games in 2010. The hotel will be a landmark building of the Jasola District Center, in terms of its design and form- with two towers, landscaped podiums and generous atrium spaces. It will also have ample banquet and meeting facilities, and a state of the art business center, complemented by ultra luxury retail. A luxurious spa overlooking the swimming pool and generous green areas will add to the overall ambiance and appeal. |
| JW Marriott Hyderabad: Down south in Hyderabad, the planned 250-room JW Marriott will come up at HITEC City as a part of Emaar MGF's sprawling 531-acre integrated township in the IT hub of Hyderabad. Set amidst vast expanse of greenery, ensconced within Emaar MGF's International standard 18-hole championship golf course, natural boulders and water bodies, this luxurious property will be surrounded by some of the biggest IT companies of India. The hotel will excel in terms of the variety of food and beverage facilities it would provide, taking full advantage of the beautiful views of the golf course. It will have a health club and spa complemented by and landscaped alfresco terrace and fitness lawn on the podium. The spacious guestrooms will have astounding views of the golf course. |
| JW Marriott Kolkata: The 250-key property will be complimented with an assortment of collective amenities including a spacious and tranquil pool terrace and spa, high-end restaurants and trendy eateries. A specialty restaurant located on the rooftop will tower above all the other dining locations in the city. The property is strategically situated on the EM Bypass that has emerged as one of the most preferred destinations for industry, developing business districts, residential units and shopping malls. The hotel will have an exclusive residence-style meeting facility, with banquet hall facing an elegant outdoor patio. The guests will have access to a modern health club and spa which will front onto a landscaped pool terrace. The triple height lobby area will connect to an exclusive restaurant and holding bar by a grand staircase. The hotel will also have an executive lounge on the 19th floor overlooking the city. |
| 'Courtyard by Marriott' Amritsar: The 'Courtyard by Marriott' Amritsar will be the first business hotel in the city that grows rapidly in business and industry profile. A 112-room property with mixed-land use, will be constructed along with a vibrant Metropolitan mall and a multiplex. |
| About Emaar MGF |
| Emaar MGF, a joint venture between Emaar Properties PJSC, Dubai "� one of the world's leading real estate company and MGF Developments Ltd., India "� is one of India's leading real estate developers. The company has been instrumental in bringing the largest FDI in the Indian real estate sector. |
| Headquartered in New Delhi, the company started operations in India in mid-2005 and is engaged in pan India projects across Residential, Hospitality, Retail, Commercial & Special Economic Zones (SEZs) and IT parks. It has further identified new areas of growth in Education, Healthcare and Infrastructure sectors. |
| As a real estate company, Emaar MGF aims to make a real and positive impact on the lives of the people bringing in outstanding quality realty developments. The company has a presence across 26 cities in the country and is driven by its mission to develop and deliver unique integrated lifestyle and work place environments and planned developments and to be recognized as a responsible corporate citizen and an employer of choice. Emaar MGF has plans to construct master planned developments including residential, retail and hospitality properties to provide fully integrated self contained communities and stand alone communities. |
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