MARRIOTT VACATION CLUB INTERNATIONAL NAMES FIRST VACATION OWNERSHIP PROPERTY IN ASIA

Marriott Vacation Club International, the Vacation Ownership division of Marriott International, Inc. (NYSE:MAR), has identified Marriott’s Phuket Beach Club as the name for its first vacation ownership resort in Asia. In conjunction with the 265-room JW Marriott Resort Phuket located in Phuket, Thailand, this mixed-use complex is a joint venture with Royal Garden Resorts to develop an integrated beachfront resort. Both properties are targeted to open December 2001.

Located approximately 10 miles from the Phuket International Airport, the resort will offer 144 two-bedroom/two-bath villas, each with 1,282 square feet of spacious living space. Each villa will provide a master suite featuring a deep soaking tub, fully equipped kitchen, living and dining areas, utility room with washer/dryer and private balcony. Sales will begin March 2001 at an average $16,000 per week.

Owners and guests can enjoy a range of amenities, including: Tropical Spa offering a range of wellness programs, health/fitness center, three swimming pools, three lighted tennis courts, children’s activity center, concierge services and retail shops.

MVCI is the recognized worldwide industry leader in vacation ownership with 50 resorts in 28 destinations. Their more than 170,000 vacation owners benefit from flexible program with options such as trading their week(s) for Marriott RewardsÒ points or exchanging within Interval International’s system of 1,800 resorts in more than 75 countries.