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 Marriott has signed a management agreement with 
			  Khaleejcapita B.S.C. for a new JW Marriott hotel in Bahrain. The JW Marriott Manama, Bahrain Hotel is scheduled to open in 2016. The hotel will 
			  have 274 rooms and suites and 102 residences in Bahrain Bay, 
			  adjacent to Bahrain Financial Harbour and opposite the diplomatic 
			  quarter. The 50-story hotel tower is part of Bahrain Bay, 
			  a $2.5 billion development master planned by Skidmore, Owings and 
			  Merrill. The project is designed by renowned architect Yousif 
			  Daoud Al Sayegh and Associates who designed the Six Senses 
			  Hideaway Zighy Bay, Oman (Winner of the Abu Dhabi Urban Planning 
			  Council’s first Estidama Sustainability Award 2008). “The 
			  JW Marriott Bahrain will be a spectacular addition to the Bahrain 
			  Bay development,” said Mr. Abdul-Aziz Al-Rabban chairman of Khaleejcapita B.S.C. “Bahrain has an under supply of luxury 5-star 
			  hotels and we are confident that the project will be a great success”, he added. He also explained that this project represents 
			  the first entry for the group in the hospitality field and that 
			  there are many other hotel and resort projects in the pipeline for 
			  Bahrain and Qatar.  The development has a prime business location and 
			  will also cater to the thriving fine dining market in Bahrain, 
			  with five luxury restaurants. The 
			  hotel will have an executive lounge with ocean view; one casual 
			  and five specialty restaurants; four lounges, including a lobby 
			  lounge and bar, a pool bar, quiet bar and rooftop lounge/bar; and 
			  17,119 square feet of meeting space. Recreational facilities will 
			  include a health and leisure club and spa, indoor and outdoor 
			  pool, tennis and squash courts. “Our currently open hotels 
			  in Bahrain, the Marriott Executive Apartments and The 
			  Ritz-Carlton, have been tremendously successful, and we believe 
			  that this JW Marriott Manama is ideally located for a luxury hotel 
			  in Bahrain’s commercial and financial center,” said Ed Fuller, 
			  president and managing director of International Lodging for 
			  Marriott International. “Our JW Marriott brand is reserved for select luxury hotels in key gateway cities around the world, and 
			  Bahrain is certainly one of these.” The JW Marriott Manama Bahrain Hotel will be 
			  the first JW Marriott property in Bahrain and the fifth JW 
			  Marriott hotel in the Middle East/Africa region. Marriott 
			  International will also open a 78-unit Residence Inn by Marriott 
			  in 2012 and the 318-room Renaissance Bahrain Amwaj Island Hotel in 
			  2013.
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