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Press Release: Marriott Vacation Club International
July 1, 2004
KO OLINA, HI - Marriott Vacation Club International (MVCI), the Vacation Ownership division of Marriott International,
Inc. (NYSE/MAR), and recognized worldwide leader within the industry and JALUX Inc., a core company in the distribution
and service sector of the JAL group, have signed an agreement in which JALUX will market in Japan the luxurious
Marriott's Ko Olina Beach Club on Oahu's tranquil and sunny western shores and Marriott's Phuket Beach Club in
Thailand.
"There is the opportunity for sales in this market because Japanese travel trends are changing," said
Robert Calhoun, regional vice president of sales and marketing for Marriott Vacation Club International, Hawaii
and Asia. "We see that Japanese want to create a balance in their work and personal life by taking vacations.
For many repeat Japanese visitors to Hawaii, they see the value in vacation ownership."
The general manager of JALUX, Inc. Life Design Division, Ken Taguchi, signed the agreement along with Robert
Calhoun at the beachfront Marriott's Ko Olina Beach Club.
Marriott's Ko Olina Beach Club is noted as MVCIıs most ambitious and largest project to date in Hawaii. The
master plan features 750 luxury villas at Marriott's Ko Olina Beach Club. Anticipated date of completion is 2016.
Each of the two-bedroom, two-bath villas is approximately 1,240 square feet in size and will feature beautiful
views of the Pacific Ocean or Waianae Mountain Range. As a result of demands, there will be three-bedroom villas
available in phase two for a total of 750. A limited number of penthouse villas will also be available.
The luxurious villas also include a living and dining area; fully equipped kitchen; washer and dryer. MVCI owners
will have access to two outdoor pool areas, outdoor spas, an on-site fitness center, barbecue and picnic areas,
Marriott Compass Kids' Club, owners' lounge, The MarketPlaceSM (convenience store and deli), business center, two
restaurants and water features throughout the resort.
"The property is a wonderful complement to our current MVCI collection of Hawaii properties: Marriottıs
Maui Ocean Club, Marriott's Waiohai Beach Club at Poipu Beach and Marriottıs Kauai Beach Club," stated
Calhoun. "The secluded and tranquil Ko Olina destination is an exciting place to be, with plans for a nearby
world-class aquarium and single family luxury residential homes, we look forward to our owners who will truly benefit
from the Ko Olina Resort's many offerings."
Marriott's Ko Olina Beach Club is only a 20-minute drive from Honolulu International Airport. It is part of the
Ko Olina Resort, a master-planned resort community on the western shore of Oahu. In addition to the award-winning
JW Marriott Ihilani Resort and Spa at Ko Olina and the 18-hole Ted Robinson-designed Ko Olina Golf Club, managed
by Marriott Golf, the resort is home to four pristine lagoons, the Fairways at Ko Olina townhome development, the
Paradise Cove luau and cultural center, and a 270-slip private world-class marina. The planned world-class aquarium
and single luxury residential homes are being developed as a direct result of the state of Hawaii's tax credit
for development in Ko Olina Resort.
Marriott's Ko Olina Beach Club, designed by Architects Hawaii, will be MVCI's first Vacation Ownership resort on
Oahu and fourth within the Hawaiian Islands. Other MVCI properties are located on Kauai and Maui: Marriott's Waiohai
Beach Club on Kauai, Marriott's Kauai Beach Club, and Marriott's Maui Ocean Club.
"Marriott's timeshare business reported 16 percent higher contract sales for the full year of 2003. Contract
sales were particularly strong at timeshare resorts in Aruba and Hawaii," said Calhoun.
Vacation ownership sales for villas in phase one are brisk with a vacation sales gallery located on the 14th floor
at Marriottıs Ko Olina Beach Club. MVCI's Waikiki sales gallery is located on the third floor of the Waikiki
Shopping Plaza and on the lobby level at the Waikiki Beach Marriott Resort and Spa.
For more information on Vacation Ownership, please call Marriottıs Ko Olina Beach Club toll-free at (877)
229-4484 or visit www.marriottvacationclub.com.
About Marriott Vacation Club International
Marriott Vacation Club International is the recognized worldwide leader in vacation ownership with a program highly
regarded for its quality and unique flexibility. In 1984, Marriott became the first branded hospitality company
by nearly a decade to enter the timeshare industry. Now celebrating 20 years of making vacation dreams come true
for its owners and guests, MVCI continues to expand with a diverse portfolio of 6,300 timeshare resort villas throughout
the U.S., Caribbean, Europe and Asia. Today, more than 245,000 vacation owners in all 50 states and 143 countries
own their vacations "the Marriott way," offering options to exchange weeks with priority within the MVCI
portfolio, trade their week(s) for Marriott Rewards points or exchange within Interval International's global system
of 2,000 resorts in 75 countries. For more information on vacation ownership or villa rentals, please visit online
at www.marriottvacationclub.com or call (866) 300-3032.
Note: This press release contains "forward-looking statements" within the meaning of federal securities
law, including statements concerning business strategies and their intended results and similar statements concerning
anticipated future events and expectations that are not historical facts. The forward-looking statements in this
press release are subject to numerous risks and uncertainties, including the effects of economic conditions, supply
and demand changes for hotel rooms, competitive conditions in the lodging industry, relationships with clients
and property owners, the impact of government regulations, and the availability of capital to finance growth, which
could cause actual results to differ materially from those expressed in or implied by the statements herein.
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Bernie Caalim /Denise Tagomori McNeil Wilson Communications (808) 539-3423 / (808) 539-3474 bcaalim@mcneilwilson.com denise@mcneilwilson.com mvci/koolinajalux/04-03