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         The historic Grosvenor House Hotel in London and the Shelbourne Hotel in
        Dublin have joined the Marriott International lodging portfolio under lease
        agreements with The Royal Bank of Scotland. In 2007, following extensive restorations of both hotels, the Grosvenor House will be converted to
        Marriott's prestigious JW Marriott brand, and the Shelbourne Hotel will join
        Marriott's Renaissance brand portfolio. 
         Opened in the late 1920s, the Grosvenor House hotel boasts frontage along Park
        Lane across from Hyde Park and encompasses the entire block between Upper
        Grosvenor Street, Mount Street and Park Street in one of London's most coveted
        postcode areas. The restoration will encompass its exterior façade, guest rooms,
        public space, dining areas, health club, kitchens and the addition of spa facilities.
        Upon completion, the hotel will offer 498 guest rooms and will be rebranded
        The  Grosvenor House, a JW Marriott Hotel, the first property to carry this flag in the
        United Kingdom. 
         The Shelbourne originally opened in 1824 and is located on St. Stephens Green
        in central Dublin. In 1922, the Irish Constitution was drafted and signed in the
        hotel, and the property still plays a prominent role in Irish society. Today, its
        lounge, the Horseshoe Bar, is a popular gathering place for members of Ireland's
        parliament and judiciary. Its restoration program will cover guest rooms, lobby
        and dining facilities, as well as the addition of central air conditioning in guest
        rooms, meeting rooms and public space.  
         Upon completion, the hotel will offer 276 rooms and will be rebranded The
        Shelbourne, a Renaissance Hotel. It will be the eighth Renaissance-branded
        property in the United Kingdom and Ireland. 
         Marriott International will operate both hotels during the restoration programs.  
         "We are thrilled by the addition of these two sensational hotels to our global
        lodging portfolio and are delighted to be able to introduce our JW Marriott brand
        to London and to expand our Renaissance brand in the United Kingdom and Ireland," said Ed Fuller, president and managing director of international lodging
        for Marriott International. 
         Following completion of its restoration program, The Grosvenor House, a JW
        Marriott Hotel will have 498 guest rooms, a concierge lounge, a business center,
        a gift shop, and a health club and spa. Plans for its food and beverage offerings
        are still being developed. 
         Having one of the largest ballrooms in Europe with a banqueting capacity for
        over 2,000 guests, the hotel will offer 52,323 square feet of space, including a
        21,528-square-foot Great Room, a 6,146-square-foot ballroom, 32 meeting rooms
        in various configurations providing a total of 24,251 square feet of space, and
        one 398-square-foot board room. 
         Following completion of its restoration program, The Shelbourne, a Renaissance
        Hotel will have 276 guest rooms, an addition of 86 rooms to its current accommodations mix. For dining and recreation, the hotel will have two
        restaurants and three lounges. Other amenities will include a gift shop, health
        club with indoor swimming pool, a business center and off-site valet parking. 
         For conferences and social events, the hotel will have 12,249 square feet of
        space, including a 3,940-square-foot Great Room, 10 individual meeting rooms
        offering a combined total of 5,909 square feet, and the addition of three new
        meeting rooms offering a total of 2,400 square feet.   |