Marriott International Increases Dividend

Marriott International Increases Dividend

WASHINGTON, May 4 - Marriott International, Inc. (NYSE: MAR) announced today that its board of directors has increased the company's quarterly cash dividend to six-and-one half cents per share of common stock, an increase of a half cent, and the sixth consecutive yearly increase. The dividend is payable July 13, 2001 to shareholders of record as of June 29, 2001.

MARRIOTT INTERNATIONAL, INC. (NYSE: MAR) is a leading worldwide hospitality company with over 2,300 operating units in the United States and 59 other countries and territories. Marriott Lodging operates and franchises hotels under the Marriott, JW Marriott, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops and operates vacation ownership resorts under the Marriott, Ritz-Carlton and Horizons brands; operates Marriott Executive Apartments; provides furnished corporate housing through its ExecuStay by Marriott division; and operates conference centers. Other Marriott businesses include senior living communities and services, wholesale food distribution and The Ritz-Carlton Hotel Company, L.L.C. The company is headquartered in Washington, D.C., and has approximately 154,000 employees. In fiscal year 2000, Marriott International reported systemwide sales of $19.8 billion. For more information or reservations, please visit our web site at http://www.marriott.com .