Renaissance Hotel in Santiago de Chile Opens in 2013

Bethesda, MD (USA) – 27 March 2012 – Marriott International’s (NYSE:MAR) global lifestyle hotel brand, Renaissance Hotels, announced today its plans to open a new 181-room Renaissance Hotel in Santiago, Chile, in 2013. The property will be operated by Administraciones y Operaciones Hoteleras Hotech S.A. under an agreement with Altamira Grupo Inmobiliario. The property is part of a larger complex which will also include a triple-A class office building.

Situated on one of Santiago’s most prestigious avenues, Avenida Kennedy in the Vitacura district, Santiago’s upscale residential district, the Renaissance Santiago will be located across the street from the Mall Parque Arauco, which includes a number of high-end stores, a movie theater, a bowling alley and great restaurants and nightlife.

“We are thrilled to be bringing the Renaissance lifestyle brand to Santiago,” said Julio Salvador, President of Altamira Grupo Inmobiliario. “With its prime location in the prestigious Vitacura district and proximity to major businesses and attractions, we know that it will be a very successful property.

“With such great representation of the brand in the region with the Renaissance Caracas La Castellana Hotel and our flagship property in South America, the Renaissance Sao Paulo, the Renaissance Hotels brand has become a favorite amongst South American travelers”, says Laurent de Kousemaeker, chief development officer for Marriott International, Inc. in the Caribbean & Latin America. “We are confident that this hotel will be highly successful, and play a large role in the continued emergence of Chile as a leading economy in Latin America.”

In addition to the 181 guest rooms, the hotel will feature a three-meal-a-day restaurant affiliated to one of Chile’s most renowned chefs, a coffee bar and a terrace lounge. It will also feature four spacious meeting rooms, including a large ballroom; as well as an executive floor, a gift shop, fitness center and swimming pool.

Renaissance Hotels is the flagship lifestyle brand for Marriott International where each property is unique and reflects the locale in which it resides. Renaissance Hotels are recognized around the world for always delivering a modern, sophisticated and authentic environment for travelers. The brand will open more than ten new hotels in 2012, and is currently represented in Latin America by the Renaissance Sao Paulo Hotel in Brazil.

Altamira Grupo Inmobiliario is a Chilean-based real estate development company specialized in high-end residential real estate projects. This will be Altamira’s first venture into the hotel Business along side Marriott International.

RENAISSANCE HOTELS is an upscale brand with more than 150 properties in 34 countries that speaks to passionate travelers in search of authentic local discoveries when traveling for business or leisure. Renaissance Hotels has recently welcomed several new “gems” to its global collection – the historic 5-star St Pancras Renaissance in London, the exotic Renaissance Sanya Resort and Spa in burgeoning China, the urban boutique Renaissance Atlanta Midtown and the sexy Renaissance Sao Paulo.. These hotels join a rich portfolio defined by distinctive and well-known icons such as the Mayflower Renaissance Hotel in Washington, D.C., the Eden Roc Miami Beach Resort & Spa, and the Renaissance Paris Vendome Hotel.

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