Flatley, Marriott Agree to End Litigation

Flatley, Marriott Agree to End Litigation QUINCY, Mass., and WASHINGTON, Dec 23, 2002 /PRNewswire-FirstCall via COMTEX/ -- The Flatley Company, representative of the owner of the Boston Marriott Quincy Hotel, and Marriott International, Inc. (NYSE: MAR), manager of the hotel, today jointly announced that the two parties have resolved their issues and will withdraw and end all litigation between them. Flatley has also dismissed its litigation against Avendra, the company that provides procurement services to Marriott's hotels.

The specifics of the resolution were not disclosed. However, both parties said that the communications issues, which gave rise to their misunderstandings, have been clarified, and that there will be no significant changes to the existing management agreement and no payments by either party.

James M. Sullivan, Marriott's executive vice president of development, said, "We are very pleased that we have been able to resolve our issues with the Flatley organization without litigation, and that we will have a fully cooperative relationship going forward bringing together the extensive experience of both Flatley and Marriott."

Thomas Flatley, principal of The Flatley Company, said "We are pleased with Marriott's recent communications to its hotel owners, and we are very happy to again be working closely with Marriott. We are confident that, together, we will continue to provide our guests with the finest hotel experience possible on the South Shore of Boston."

The 465-room Boston Marriott Quincy Hotel opened in May 2001 and is the premier hotel in its market.

MARRIOTT INTERNATIONAL, INC. (NYSE: MAR), a leading worldwide hospitality company celebrating its 75th Anniversary in 2002, has over 2,600 operating units in the United States and 65 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. Other Marriott businesses include senior living communities and services, and wholesale food distribution. The company is headquartered in Washington, D.C., and has approximately 144,000 employees. In fiscal year 2001, Marriott International reported systemwide sales of $20 billion. For more information or reservations, please visit the web site at http://www.marriott.com.

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SOURCE Marriott International, Inc.

Tom Marder of Marriott, +1-301-380-7770, or John Roche of Flatley, +1-781-849-4431 /Company News On-Call: http://www.prnewswire.com/gh/cnoc/comp/532963.html

http://www.marriottnewsroom.com

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