Marriott International

WASHINGTON, Marriott International, Inc. MAR announced today that the Sheraton West Palm Beach has been officially converted to the West Palm Beach Marriott. The 349-room hotel is located at 630 Clearwater Park Road and is currently undergoing a comprehensive refurbishment program, which is expected to be complete by early 2004. The property is owned by PBM Properties, LLC and managed by Marriott International.

"This hotel is a great place for both business and leisure travelers looking for an environment where they can work, play and relax," said Tim Digby, general manager, West Palm Beach Marriott. "We're delighted to bring a Marriott hotel to the West Palm Beach area and look forward to welcoming past guests and introducing new visitors to this beautiful destination."

Ideally situated adjacent to CityPlace, the Clematis Street entertainment district and the Kravis Center for Performing Arts, the property is within two miles of Palm Beach International Airport. Guests will enjoy convenient access to many nearby attractions, including Worth Avenue, Sound Advice Amphitheater, Lion Country Safari, Palm Beach Polo Club and the Port of Palm Beach. For baseball fans, Roger Dean Stadium, the spring training facility of the St. Louis Cardinals, is just 20 miles from the hotel.

Renovated guest rooms will feature the signature "Marriott Bed," with quilted-top mattresses, oversized comforters and feather pillows. In-room amenities include, two-line telephone with data port and voice mail, cable television with pay-per-view movies, coffee and tea service, hair dryer and iron and ironing board. A concierge level offering complimentary continental breakfast, evening hors d'oeuvres and refreshments will also be available.

Ideal for both business and social occasions, the hotel offers over 15,000 square feet of flexible meeting space, including the 6,600-square-foot Regency ballroom, three additional meeting/breakout rooms and a covered terrace. All meeting rooms feature high-speed internet access, and business services are available to meet guests needs. In addition, the West Palm Beach Marriott is just steps away from the all-new Palm Beach County Convention Center, which offers an additional 350,000 square feet of meeting space.

For dining and entertainment, the hotel offers Keys Cafe, serving casual American-style cuisine for breakfast, lunch and dinner. Guests can also enjoy cocktails, light snacks and daily happy hour in the library-style atmosphere of Cezanne lounge.

Recreational amenities include an outdoor heated swimming pool and fitness center. There are 100 golf courses within 30 minutes of the hotel, and tennis, sailing and water-skiing are also nearby.

For more information or reservations, contact the West Palm Beach Marriott directly at (561) 833-1234, call the Marriott Worldwide Reservations Center at (800) 228-9290, or visit the Marriott web site at www.marriott.com. Marriott Hotels & Resorts participates in the company's award-winning Marriott Rewards® frequent guest program. Members earn their choice of points toward free vacations or frequent flyer mileage for dollars spent at more than 2,300 Marriott hotels worldwide.

MARRIOTT INTERNATIONAL, INC. MAR is a leading worldwide hospitality company with nearly 2,600 lodging properties in the United States and 66 other countries and territories. Marriott International operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers. The company is headquartered in Washington, D.C., has approximately 129,000 employees, and was ranked as the lodging industry's most admired company and one of the best places to work for by FORTUNE®. For more information or reservations, please visit the web site at www.marriott.com.