Marriott International signs largest hotel in Bangladesh – the 700-room JW Marriott Hotel Dhaka

Marriott International today signed an agreement with Jamuna Builders Limited to operate the 700-room JW Marriott Hotel Dhaka. Jamuna Builders Limited is a real estate sister concern of the Jamuna Group -Bangladesh’s largest diversified conglomerate. The hotel will be part of a mixed-use development that will also include retail and office components, and construction of the hotel is already under way. Speaking at the signing in Dhaka Simon Cooper, Marriott International’s president and managing director Asia Pacific, said: “We are delighted to be working with Jamuna Builders Limited to open this wonderful JW Marriott hotel in Dhaka.Bangladeshhas a thriving economy and the country’s GDP has been growing at approximately 6% a year for the past five years. We absolutely believe that now is the right time to bring our luxury JW Marriott brand to Bangladesh and in Jamuna Builders Limited we have an owner with a great vision and drive to make this a truly stunning hotel in a great location.” The JW Marriott Dhaka will be located in an emerging location in the middle of the city and will feature three restaurants, two bars, a spa with eight treatment rooms, and 2,280 square meters of meeting space. The Hotel is expected to be a prime destination for luxury dining and will become the social centre inDhaka. Mr. Md. Nurul Islam, Jamuna Group’s Chairman, said: “Considering the huge growth of international business transactions in Bangladesh, especially in Dhaka Mega City and the present economic growth, the number of existing international hotels is not enough to meet the demand. “The existing service facilities and amenities in hotel and tourism industry cannot completely meet the total demand of business travellers and tourists. We feel that to meet the growing demand of this service industry, we should contribute and we have started developing the largest five star hotel inBangladesh– the JW Marriott hotel, in conjunction with Marriott International.” Mr. Md. Nurul Islam expressed his thanks to Mr. Simon Cooper, the president and managing director of Marriott International, Asia Pacific to approve his project as the JW Marriott Dhaka. He continued: “With its proposed 700 rooms, this hotel will be one of the largest JW Marriott hotels inAsiaand will be a landmark of architectural beauty. The site is very close to the international airport and other important areas and institutions inDhaka” A large number of international retail, garment, energy and telecommunications companies, including WalMart, JC Penney, Marks & Spencer, Halliburton, CK, BP, Shell, Exxon Mobil, Motorola, Ericsson and Siemens have offices in Dhaka and are contributing to Bangladesh’s fast growing and diverse economy. Dhaka is well connected toIndia, the Middle East and South East Asia and more than 30 international airlines fly intoDhakawhich has seen passenger traffic grow from approximately 3.2 million in 2005 to 6 million passengers in 2012. Simon Cooper continued: “With the existing hotel market currently underserved inDhakaand with the future growth in the infrastructure sector, the demand for quality hotel accommodation in the city is growing strongly. This will be Marriott International’s second hotel in the city as we already have a Courtyard hotel under construction which we expect will open next year.” Marriott International, Inc. (NYSE: MAR) is a leading lodging company based in Bethesda, Maryland, USA with more than 3,700 properties in 74 countries and territories and reported revenues of over $12 billion in fiscal year 2011. The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands, including Marriott Hotels & Resorts, The Ritz-Carlton, JW Marriott, Bulgari, EDITION, Renaissance, Gaylord Hotels, Autograph Collection, AC Hotels by Marriott, Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, Marriott Executive Apartments, Marriott Vacation Club, Grand Residences by Marriott, and The Ritz-Carlton Destination Club. There are approximately 300,000 employees at headquarters, managed and franchised properties. Marriott is consistently recognized as a top employer and for its superior business operations, which it conducts based on five core values: put people first, pursue excellence, embrace change, act with integrity, and serve our world. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. Issued by Grebstad Hicks Communications on behalf of Marriott: Contact: Grebstad Hicks Communications (Bangkok) Chutinun Guna-Tilaka E-mail: [email protected] Piyapatr Suriyasak (Apple) E-mail: [email protected] Tel: (66) 2357 1183 -KPA- Click for photo release at www.thaipr.net

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