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Inversiones La Rioja Expands Marriott Portfolio With Courtyard By Marriott In Lima, Peru

Stocks in this article: MAR

BETHESDA, Md., Feb. 11, 2013 /PRNewswire/ -- Marriott International, Inc. (NYSE: MAR) announced plans to open a new 150-room Courtyard by Marriott Hotel in Lima, South America's third largest city, under an agreement with Inversiones La Rioja, S.A., a distinguished Peruvian corporation which owns the existing 300-room JW Marriott Lima and 153-room JW Marriott Cuzco. The hotel will be situated at the intersection of Calle Alcanfores and Calle Schell in Lima's upscale Miraflores neighborhood known for its shopping, restaurants, antique dealers and breath taking ocean views.

(Logo: http://photos.prnewswire.com/prnh/20120731/PH49415LOGO-b )

"We were taken by the new concept and positioning of the Courtyard by Marriott brand, and are very excited about developing this property with Marriott International in Lima," said Alfonso Brazzini, President of the Board of Inversiones la Rioja. "With the incredible performance of the JW Marriott Lima, we are confident this hotel will do very well in Lima."

"The new Courtyard by Marriott in Lima will be a significant milestone in our rapid expansion across Latin America," remarked Craig S. Smith, President of the Caribbean & Latin America at Marriott International, Inc. "The hotel will feature a modern, functional design while embracing Peru's vibrant culture and the amenities travelers trust from our globally renowned Marriott International brands."

"This new hotel strengthens our footprint in Lima, a key strategic market for Marriott International in Latin America, and I am confident it will greatly contribute to our success in the country," said Laurent de Kousemaeker, chief development officer for the Caribbean & Latin America at Marriott International, Inc.

In addition to 150 guest rooms, the hotel will feature the brand's refreshing business lobby, a casual dining restaurant, ample meeting space and recreational facilities include a swimming pool and a fitness center.  It will also feature Courtyard's new relaxing interior design for the guestrooms.

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