News

Marriott Execustay Acquires Baltimore and Annapolis Corporate Housing Business

Marriott ExecuStay, the corporate housing division of Marriott International, Inc. (NYSE:MAR), today announced that it will acquire the Baltimore and Annapolis, Md., corporate housing business of its franchisee, TempRentals, LLC, a division of The Bernstein Companies.  Effective Aug. 22, Marriott ExecuStay will add the Baltimore and Annapolis markets to its base of managed market operations.

Karen Blair, senior vice president of Marriott ExecuStay, said, “TempRentals, LLC, which franchised the Baltimore and Annapolis markets 18 months ago, created such a strong customer base that we both agreed that combining these markets with ExecuStay’s Washington, D.C., operation was a natural fit, especially given that Washington is currently one of the strongest corporate housing markets in the country.”

Blair added that Cathy Bokman, TempRentals’ president, will become area general manager for Marriott ExecuStay’s Washington, D.C., Northern Virginia and Maryland markets, which are comprised of 46 counties covering more than 1,600 square miles.  Blair said, “Cathy Bokman’s proven track record and sterling reputation in the hospitality and corporate housing industries, as well as her 23 years of sales and operations experience, position Marriott ExecuStay for even greater success in this region.”

“Marriott ExecuStay has never been stronger,” continued Blair.  “We continue to be dedicated to our core competencies, corporate and insurance housing, and, with our commitment to continued integration into Marriott’s sales and marketing systems, are solidly aligned for sustained and profitable growth.”

Washington, D.C.-based Bernstein Companies is one of Washington’s oldest real estate development, investment and management organizations.  Bernstein’s commercial portfolio consists of more than 40 properties, including office buildings, hotels and apartment complexes.  Bernstein is the operator of two Marriott hotel properties: the Embassy Row Courtyard in Washington, D.C., and the soon-to-open SpringHill Suites in Annapolis, Md.

Marriott ExecuStay offers travelers who require stays of 30 days or more the spaciousness and privacy of apartment living.  All Marriott ExecuStay apartments are fully furnished and accessorized, with monthly rates that include basic utilities, phone service and cable television.  Customers can enjoy the added benefit of earning points in Marriott Rewards®, the company’s award-winning frequent travel program.

Marriott ExecuStay is part of Marriott International’s extended-stay lodging portfolio, which also includes Residence Inn, TownePlace Suites and Marriott Executive Apartments.  Marriott International provides fully furnished corporate apartments throughout the United States, Europe, Great Britain and Asia through its Marriott ExecuStay and Marriott Executive Apartments brands.


MARRIOTT INTERNATIONAL, INC. (NYSE:MAR) is a leading lodging company with more than 2,600 lodging properties in the United States and 65 other countries and territories.  Marriott International operates and franchises hotels under the Marriott, JW Marriott, Renaissance, Bulgari, The Ritz-Carlton, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites, and Fairfield Inn 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. The company is headquartered in Washington, D.C.  It is ranked as the lodging industry’s most admired company and one of the best places to work for by Fortune® magazine.  In fiscal year 2004, Marriott International reported sales from continuing operations of $10 billion, and the company had approximately 133,000 employees at year-end 2004.  For more information or reservations, please visit our web site at www.marriott.com.