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THE RITZ-CARLTON YACHT COLLECTION CELEBRATES KEEL LAYING MILESTONE FOR INAUGURAL LUXURY YACHT

Construction Milestone Brings The Ritz-Carlton Yacht Collection One Step Closer to the Launch of its New Groundbreaking Fleet

BETHESDA, MD – January 11, 2018 – In accordance with longstanding maritime tradition, The Ritz-Carlton Yacht Collection this morning celebrated the milestone keel laying of its inaugural yacht at the Hijos De J. Barreras Shipyard in Vigo, Spain. Representing a unique first for a luxury hotel operator, The Ritz-Carlton Yacht Collection brings the brand’s legendary service to the seas with a bespoke yachting experience and today, drew one step closer to welcoming its first guests in 2020.

“We are delighted to commemorate this milestone as we embark on our journey to bring The Ritz-Carlton Yacht Collection to life,” said Lisa Holladay, Global Brand Leader, The Ritz-Carlton Hotel Company, L.L.C. “The keel laying marks the realization of a longstanding dream for The Ritz-Carlton brand as we bring our guest experience and service ethos to the seas through these highly unique luxury vessels and one-of-a-kind on-board amenities and experiences.”

Celebrating the official start of a ship’s construction, the keel laying ceremony was historically used to mark the initial placement of a central beam, which served as the vessel’s backbone. Today, as ships are built in a series of modular components, the symbolic ceremony is used to mark the lowering of the first module into place in the building dock.

As part of this exciting occasion, Douglas Prothero, Managing Director of The Ritz-Carlton Yacht Collection, and Timothy Grisius, Global Real Estate Officer for Marriott International, were joined by HJ Barreras Shipyard’s Chairman José García Costas, and Tillberg Design of Sweden’s Owner and Executive Project Director Fredrik Johansson as the commemorative coins were unveiled and welded to the hull. Representing a symbolic process in the keel laying, the coins are meant to bring good fortune during construction and throughout the ship’s travels. Also in attendance was Anthony Capuano, Executive Vice President and Global Chief Development Officer for Marriott International, alongside The Ritz-Carlton Yacht Collection executive team and members of investor group Oaktree Capital Management, L.P.

“The keel laying is a significant moment in the ship building process and signals that we are well on our way to redefining luxury at sea with The Ritz-Carlton Yacht Collection,” said Prothero. “The intimate size of our ships and compelling itineraries will give our guests the opportunity to explore unexpected destinations, all while enjoying the legendary Ritz-Carlton service. This is an exciting new venture and we look forward to celebrating the many more milestones to come.”

“The opportunity to design The Ritz-Carlton Yacht Collection has been extremely exciting as we have been able to start from a blank piece of paper and create a whole new brand from scratch. Our guiding principles for all aspects of the yacht's design have been spacious privacy and personal comfort” said Johansson. “The keel laying celebrates how far we have already come in the design process, and in creating the most exclusive and serene experience possible at sea.”

The inaugural ship will cruise a wide variety of destinations depending on the season, including the Mediterranean, Northern Europe, the Caribbean and Latin America. The specially designed, small capacity vessels will measure 190-meters and feature 149 luxury suites to accommodate up to 298 passengers. The Ritz-Carlton Yacht Collection will offer voyages ranging from seven to ten days, combining signature Ritz-Carlton service and amenities onboard with uniquely curated destination experiences. The ships of The Ritz-Carlton Yacht Collection are also available for private charter.

For more information about The Ritz-Carlton Yacht Collection, please visit www.ritzcarlton.com/en/yachts.

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About The Ritz-Carlton Hotel Company, LLC
The Ritz-Carlton Hotel Company, L.L.C., of Bethesda, MD., a subsidiary of Marriott International, Inc., currently operates more than 90 hotels and 40 residential properties in more than 30 countries and territories. The Ritz-Carlton is proud to participate in the industry’s award-winning loyalty program, Marriott Rewards® which includes The Ritz-Carlton Rewards®. Members can now link accounts with Starwood Preferred Guest® at members.marriott.com for instant elite status matching and unlimited points transfer. For more information or reservations, visit the company web site at www.ritzcarlton.com, for the latest company updates, visit news.ritzcarlton.com and to join the live conversation, use #RCMemories and follow along on Facebook, Twitter, and Instagram. The Ritz-Carlton Hotel Company, L.L.C. is a wholly-owned subsidiary of Marriott International, Inc. (NASDAQ:MAR).

Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 6,400 properties in 30 leading hotel brands spanning 126 countries and territories. The company also operates award-winning loyalty programs: Marriott Rewards®, which includes The Ritz-Carlton Rewards®, and Starwood Preferred Guest®. Marriott Hotels of Canada continues to rank as one of the top 50 best places to work in Canada by AON Hewitt and was awarded Hotelier Magazine's prestigious Company of the Year Pinnacle award for 2015. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. Connect with us on Facebook and @MarriottIntl on Twitter and Instagram.