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in Downtown Vancouver |
| TORONTO, ON - Marriott Hotels of Canada announced
today that the company
has reached an agreement with Pinnacle International to operate the Pinnacle Hotel on the corner of Thurlow and West Hastings Streets in downtown Vancouver, effective July 1, 2003. "We are very excited to be adding the 4-star, Pinnacle Hotel to the Marriott portfolio in Canada," said Alain Piallat, President of Marriott Hotels of Canada. "The 434 room hotel is an important cornerstone in Marriott's expansion of our brands in Canada's key markets. This new addition enhances our presence in western Canada and offers customers an even greater choice of full service upscale properties across Canada, in addition to our range of select service and extended stay properties". "We are delighted to be working with Marriott hotels, and believe the
strong reputation of their global brand will help position our property
around the world as a choice destination for business and leisure travel
to Vancouver," said Michael De Cotiis, CEO of Pinnacle International.
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Marriott Hotels of Canada currently has 33 properties across Canada, including 5 in British Columbia, with an additional property under construction in Victoria, British Columbia. The company anticipates having 75 hotels in Canada within 3-5 years. Pinnacle International, headquartered in Vancouver, British Columbia, has been involved in the development, design, construction and management of real estate for over 30 years. An award winning firm, Pinnacle's projects include major developments in Vancouver, San Diego and Toronto. MARRIOTT INTERNATIONAL, INC. (NYSE:MAR), a leading worldwide hospitality
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Contact:
| Diana Conconi
416.562.6717 www.marriott.com |