St. Regis Hotels & Resorts Plans To Double Its Global Resort Portfolio Over The Next Five Years By Debuting In The World's Most Glamorous Destinations

HONG KONG,Oct. 18,2021 -- Solidifying St. Regis Hotels & Resorts' position as a leader in luxury,the iconic brand expects to expand its existing portfolio of 15 curated resorts with plans to debut eleven new enchanted escapes by 2025 in some of the world's most coveted leisure destinations,including locales most desired by the next generation of luxury travelers within the Caribbean,North America,North Africa,Middle East and Asia Pacific. St. Regis has 49 open hotels and resorts today,with 29 hotels and resorts in its pipeline,representing expected growth of nearly 60 percent over the next five years in both urban and leisure destination.

L-R: Skyline Ocean View Room from the newly debuted St. Regis Qingdao; rendering of The St. Regis Marsa Arabia Island,The Pearl Qatar and rendering of The St. Regis Marrakech Resort

"This is a pivotal moment for St. Regis as we expect to nearly double our existing resort portfolio by 2025. Our resorts offer a leisure experience inspired by the glamorous private retreats of St. Regis' founding family,the Astors,and we cannot wait to bring the brand's spirit of invention and cherished traditions to some of the world's most beguiling destinations," said George Fleck,Vice President and Global Brand Leader for St. Regis Hotels & Resorts. "From Los Cabos to Sanya,and Marrakech to the Riviera Maya,we are thoughtfully expanding the brand while marking a commitment to providing extraordinary resort experiences in the places where we know global luminaries want to travel."

These highly anticipated new resorts will introduce the brand's visionary spirit,avant-garde style and bespoke service in some of the most dynamic and compelling markets across the globe. Expanding its footprint in Mexico,St. Regis is expected to debut The St. Regis Kanai Resort in 2022 and The St. Regis Los Cabos Resort in 2023. Located in the captivating Mayan Riviera,The St. Regis Kanai Resort will feature a sophisticated design that boasts breathtaking ocean views from every vantage point,with plans that call for 124 guest rooms and suites,as well as 32 exclusive villas with private pools. The striking St. Regis Los Cabos Resort will be located on 33 pristine acres in Quivira,Los Cabos,featuring 1,200 ft. of panoramic coastal views. The resort is expected to offer 120 rooms and 60 residences,as well as a spa,golf course,beach club and three distinctive dining experiences. In the Middle East,the brand plans to grow its presence in Qatar with the expected early 2022 opening of The St. Regis Marsa Arabia Island,The Pearl,which will feature architecture influenced by the distinct Andalusian and Arabesque style and offer stunning views of the Arabian Gulf.

With a continued focus on the Caribbean in the coming years,in 2024 St. Regis is expected to debut in Aruba with The St. Regis Aruba Palm Beach Resort,as well as in the Dominican Republic with the highly anticipated opening of The St. Regis Cap Cana Resort.

The brand also anticipates celebrating its entry into Oman in 2024 with The St. Regis Al Mouj Resort in Muscat. Additionally,St. Regis is expected to open a property in Africa,with the debut of The St. Regis Marrakech Resort slated for 2025.

St. Regis' existing resort portfolio touches all corners of the globe,ranging from Bal Harbour to Bora Bora and Aspen to Abu Dhabi. Most recently,in May 2021,The St. Regis Bermuda Resort opened its doors in the historic town of St. George's. Just steps from the soft white sands of St. Catherine's Beach,the resort boasts 120 elegant guestrooms including 29 exquisite suites and an ultra-luxury residential development offering two- and three-bedroom residences. Each guestroom is designed to bring the outdoors in,with custom furnishings,marble bathrooms and a private balcony with breathtaking ocean views. Guests are able to enjoy unparalleled leisure and wellness facilities,including the historic Five Forts Golf Course,St. Regis Spa and state of the art cuisine. The St. Regis Qingdao debuted in August 2021 and features 233 guest rooms designed to pay homage to the destination and welcomes guests to enjoy one of China's most beautiful coastal cities. Travelers can experience winding cobbled streets and heritage German architecture,or they can relax at one of the beaches nestled against the Yellow Sea. Additionally,The St. Regis Bahia Beach Resort in Puerto Rico recently reopened following a $60 million renovation inclusive of the resort's 139 guestrooms and suites,seaside pool and esplanade,and the spa.

Note on Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of United States federal securities laws,including expected hotel openings; brand debuts in certain markets; our growth pipeline and future expansion; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess,including those we identify below and other risk factors that we identify in our U.S. Securities and Exchange Commission filings,including our most recent Quarterly Report on Form 10-Q or Annual Report on Form 10-K. Risks that could affect forward-looking statements in this press release include the duration and scope of COVID-19,including the availability and distribution of effective vaccines or treatments; the pandemic's short and longer-term impact on the demand for travel,transient and group business,and levels of consumer confidence; actions governments,businesses and individuals have taken or may take in response to the pandemic,including limiting,banning,or cautioning against travel and/or in-person gatherings or imposing occupancy or other restrictions on lodging or other facilities; the impact of the pandemic and actions taken in response to the pandemic on global and regional economies,travel,and economic activity,including the duration and magnitude of COVID-19's impact on unemployment rates and consumer discretionary spending; the ability of our owners and franchisees to successfully navigate the impacts of the pandemic; the pace of recovery when the pandemic subsides and any dislocations in recovery as a result of resurgences of the pandemic; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the effects of steps we and our property owners and franchisees have taken and may continue to take to reduce operating costs and/or enhance certain health and cleanliness protocols at our hotels; the impacts of our employee furloughs and reduced work week schedules,our voluntary transition program and our other restructuring activities; competitive conditions in the lodging industry and in the labor market; relationships with customers and property owners; and the availability of capital to finance hotel growth and refurbishment. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these forward-looking statements as of the date of this press release and undertake no obligation to publicly update or revise any forward-looking statement,whetheras a result ofnew information,future events or otherwise.

About St. Regis Hotels & Resorts

Combining timeless glamour with a vanguard spirit,St. Regis Hotels & Resorts,part of Marriott International,Inc.,is committed to delivering exquisite experiences at nearly 50 luxury hotels and resorts in the best addresses around the world. Beginning with the debut of The St. Regis hotel in New York by John Jacob Astor IV at the dawn of the twentieth century,the brand has remained committed to an uncompromising level of bespoke and anticipatory service for all of its guests,delivered flawlessly by the signature St. Regis Butler Service. For more information and new openings,visit stregis.comor follow Twitter,Instagram and Facebook. St. Regis is proud to participate in Marriott Bonvoy,the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands,exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program,visitMarriottBonvoy.marriott.com.

About Marriott International

Marriott International,Inc. (NASDAQ: MAR) is based in Bethesda,Maryland,USA,and encompasses a portfolio of roughly 7,800 properties under 30 leading brands spanning 138 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®,itshighly-awardedtravel program. For more information,please visit our website at www.marriott.com,and for the latest company news,visit www.marriottnewscenter.com. In addition,connect with us on Facebook and @MarriottIntl on Twitter and Instagram.