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Press Release: Marriott Vacation Club International
July 9, 2004
LAS VEGAS, NV -- Marriott Vacation Club International (MVCI), the vacation ownership division of Marriott International,
Inc. (NYSE: MAR) announced yesterday the start of sales and construction for its first resort in Nevada. Overlooking
the Las Vegas strip, Marriott's Grand Chateau will include 888 one-, two- and three-bedroom villas in four connected
38- story towers. Opening prices range from $10,140 to $29,900 per week of deeded ownership, depending on villa
type and season purchased. Initial occupancy is slated for October 2005.
"In our ongoing commitment to provide world-class resort options for our vacation owners, we are thrilled
to add this vibrant destination to our global resort portfolio," said Stephen P. Weisz, president of Marriott
Vacation Club International. "Located in the heart of the Las Vegas strip, Marriott's Grand Chateau offers
outstanding access to every imaginable shopping, entertainment and activity that vacationers here are looking for."
With designs inspired by the celebrated estates of the French country, Marriott's Grand Chateau will offer vacation
owners spectacular views of either the Las Vegas strip or the mountain ranges that bring life to the Nevada landscape.
Villas range from 823 to 2,171 square feet of living space, comfortably accommodating up to twelve guests in the
three-bedroom floor plan. Each spacious villa will include a fully equipped kitchen, separate living and dining
areas, washer and dryer. Quality touches can be seen throughout, such as granite countertops, ceramic tile, multiple
televisions including a 42" Plasma Display Television, DVD and stereo in the living room, and a deep soaking
tub and oversized shower with dual shower heads in the master bath.
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 6,500 timeshare resort villas throughout
the U.S., Caribbean, Europe and Asia. Today, more than 250,000 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 http://www.marriottvacationclub.com or call
(866) 300-3032.
Source: Marriott Vacation Club International