Marriott International (NASDAQ: MAR) announced plans to operate 20 hotels expected to be developed by FibraHotel, the largest and first publicly traded Mexican lodging REIT (BMV: FIHO12), across key Mexican cities by 2016. The first six hotels, whose development contracts were signed this week, will add approximately 800 rooms to the Mexican market and create well over 400 jobs for Mexican nationals.

“With a portfolio of 23 hotels across five Marriott brands, Mexico is one of the largest, most important and dynamic international markets for our company,” said Craig S. Smith, President of the Caribbean and Latin America at Marriott. “In the past five years we have seen a strong emerging Mexican middle class eager to travel. Economists predict that by 2020, Mexico’s economy will be among the ten largest in the world, truly reinforcing the fact that we are living the Mexican Moment.”

FibraHotel is one of the largest hotel owners in Mexico, with a portfolio of 49 business hotels representing more than 6,500 rooms in 22 states, and with plans to develop 100 hotels in the next few years.

“We are fortunate to partner with FibraHotel, with more than 20 years of experience in Mexico as real estate developers and hotel owners, particularly in the business hotel segment,” said Alejandro Acevedo, Vice President of Development for Mexico and the Caribbean for Marriott. “Our companies have a common vision and market goals for Mexico, and we look forward to working together to bring the world-class service and trusted amenities of our globally renowned Marriott brands to travelers throughout the country.”

“The affiliation with Marriott fits our strategy perfectly: to develop hotels locally through alliances with leading international brands and operators. Marriott’s global know-how in distribution, processes and operations, combined with our local design and operations experience will ensure sustainable returns on these hotels. We are very excited about Marriott’s commitment to grow in Mexico and the region, and we look forward to a long and prosperous relationship,” said Simon Galante, FibraHotel CEO.

Marriott’s strong focus on hotel development in Mexico prompted the company to open a development office in Mexico City, spearheaded by Alonso Burgos, Director of Development for Mexico.

Marriott is currently represented in Mexico with The Ritz-Carlton Cancun, JW Marriott Hotel Mexico City, JW Marriott Hotel Mexico City Santa Fe, JW Marriott Cancun Resort & Spa, CasaMagna Marriott Cancun Resort, CasaMagna Marriott Puerto Vallarta Resort & Spa, Marriott Puebla Real Hotel, Torreon Marriott Hotel, Ixtapan de la Sal Marriott Hotel, Tijuana Marriott Hotel, Mexico City Marriott Hotel Reforma, Aguascalientes Marriott Hotel, Courtyard by Marriott Monterrey, Courtyard by Marriott Toluca Airport, Courtyard by Marriott Monterrey San Jeronimo, Courtyard by Marriott Cancun Airport Hotel, Courtyard by Marriott San Luis Potosi, Courtyard by Marriott Puebla, Courtyard by Marriott Mexico City Airport, Courtyard by Marriott Toluca Tollocan, Courtyard by Marriott Leon at The Poliforum, Fairfield Inn Los Cabos and Fairfield Inn Monterrey Airport.

The pipeline of properties for Mexico includes the 124-room Los Cabos, a Ritz-Carlton Reserve; the 300-room JW Marriott Cabo San Lucas Resort; the 130-room Courtyard by Marriott Hermosillo; the 130-room Courtyard by Marriott Los Cabos; the 120-room Fairfield Inn Queretaro; the 140-room Courtyard by Marriott Queretaro; and the 160-room AC Hotel Mexico City.

ABOUT FIBRAHOTEL

FibraHotel (BMV: FIHO12) is a Mexican trust created primarily to acquire, develop and operate business-class hotels in the limited service, selected service, full service and extended-stay segments. Our objective is to provide attractive returns to our CBFI holders through stable cash distributions and the appreciation of our real estate assets. We will aim for a high-quality hotel portfolio through partnerships with renowned hotel brands and operators in addition to geographic and segment diversification.

Under Mexican laws, FibraHotel must invest at least 70% of its assets in real estate for lease, among other requisites. Additionally, FibraHotel must distribute in cash 95 percent of taxable income to its CBFI holders at least once a year. Such characteristics, together with the solid performance of the Mexican real estate market and a team with more than two decades of real estate and hotel experience, make FibraHotel an attractive investment vehicle. For more information, please visit our website at .

ABOUT MARRIOTT INTERNATIONAL, INC.

Marriott International, Inc. (NASDAQ) is a leading lodging company based in Bethesda, Maryland, USA with more than 3,900 properties in 72 countries and territories and reported revenues of over $12 billion in fiscal year 2012. The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands. For more information or reservations, please visit our website at and for the latest company news, visit .

ABOUT MARRIOTT IN THE CARIBBEAN & LATIN AMERICA (CALA)

Marriott International, Inc. (NASDAQ) began operations in the Caribbean and Latin America in 1990 with the openings of the 450-room Marriott CasaMagna Cancun Resort and the 433-room Marriott CasaMagna Puerto Vallarta Resort & Spa, both in Mexico. Today, Marriott’s presence in the region is represented by 76 hotels in 22 countries and territories, offering more than 18,000 rooms and spanning nine lodging brands: The Ritz-Carlton and JW Marriott Hotels & Resorts in the luxury tier; Marriott Hotels & Resorts, Marriott’s signature brand; Renaissance Hotels and the Autograph Collection in the lifestyle category; Courtyard by Marriott and Fairfield Inn & Suites by Marriott in the moderately-priced tier; and Marriott Executive Apartments and Residence Inn by Marriott in the extended stay category. In addition, Marriott Vacations Worldwide, Marriott's timeshare ownership division, offers six resorts in three countries and territories. Marriott (including The Ritz-Carlton) has 36 hotels under development in the region and expects to double its total number of hotels by 2017 across 10 lodging brands in 25 countries and territories.

NOTE: The statements about the number of hotels planned for development and opening in Mexico are “forward looking statements" within the meaning of federal securities laws, not historical facts, and are subject to a number of risks and uncertainties, including supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth; and other risk factors identified in Marriott International, Inc.'s most recent quarterly report on Form 10-Q; any of which could cause actual results to differ materially from those expressed in or implied by our statements. These statements are made as of the date of this press release, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Laura Botelho
+1 (954) 684-5321
Marriott