PARAGON AND MARRIOTT INTERNATIONAL TEAM UP TO DEVELOP TWO LUXURY HOTELS AT PROPOSED BC PLACE ENTERTAINMENT DESTINATION

JW Marriott and Autograph Collection Properties to Anchor Canada's Most Exciting New Destination Complex

VANCOUVER, April 11 /CNW/ - Paragon Development and Marriott International Inc. announced today they have agreed to terms for two luxury hotels at Vancouver's new entertainment destination adjacent to BC Place, subject to obtaining internal and City of Vancouver approvals. Paragon and Marriott will be working together on the new JW Marriott, the first in British Columbia, as well as a luxury boutique hotel in Marriott's signature "Autograph Collection." The hotels and meeting space will complement a robust integrated leisure facility, which includes exceptional dining, entertainment and gaming options. Marriott and Paragon bring extensive experience in creating total and exciting destination experiences and together are committed to bringing new international demand to the market.

Marriott is a global leader in the hospitality industry, with brands known worldwide for exceptional quality and service. With recently announced projects in China, Southeast Asia and Europe, Marriott has successfully integrated cultural elements from their best properties to create a specialized offering for international visitors and domestic travelers. Marriott and Paragon will partner on both properties where Marriott will provide operational resources across multiple hospitality disciplines at the world-class facility; including hotels, convention and meeting space, and select food and beverage venues. Marriott recently launched two luxury hotels, the JW Marriott and Ritz Carlton at the popular "LA LIVE" integrated entertainment facility that breathed new life into a major downtown city centre, bringing first-class leisure and entertainment offerings to the general public.

The JW Marriott brand will bring Vancouver a distinctive, upscale hotel in keeping with Vancouver's beautiful natural surroundings. The luxurious and inviting décor will draw from the province's organic characteristics and provide guests a complement of exceptional hotel services to make their experience special.

The second hotel, an intimate and modern boutique, will be a member of The Autograph Collection; joining a select group of independent and luxury tier properties, each with their own distinct brands and personalities. The new hotel will be the first major urban hotel in Canada to earn this designation and cater to guests who desire a more contemporary and intimate travel experience.

Both properties will be incorporated into the proposed $500 million expansion adjacent to BC Place which Paragon announced in 2010. Designed by the award-winning David Rockwell of The Rockwell Group, along with renowned Vancouver architect IBI/HB, this exciting urban venue - the first of its kind in Vancouver to offer so many diverse and integrated elements - will provide a comprehensive leisure experience in British Columbia. 

In addition to the hotels, the entertainment venue will incorporate seven restaurants ranging from home grown organic to signature chef, a re-energized pedestrian streetscape, a dynamic gaming floor and direct access to BC Place where residents and visitors alike can enjoy the most exciting sporting events, concerts and international spectacles. 

"We are very excited to be working with Paragon Gaming on this project that we believe will complement the existing Vancouver tourism product while creating entirely new markets for the city. Paragon is one of our key strategic partners, with both existing and future projects across Canada. Like Marriott, this is a business managed by the second generation of the founding family and we share many of the same values of offering superior guest experiences based on looking after our associates so that they in turn create a memorable guest experience", said Scott Allison, vice president of Canadian operations for Marriott International. 

"These two properties will be the pinnacle of good taste, exceptional service and beautiful design," said Scott Menke, President of Paragon Development. "We'll continue to work closely with Marriott to develop the perfect hotels for Vancouver - maintaining the integrity of local culture and providing a perfect destination for visitors from abroad. We're looking forward to great success, as we collaborate to open the province's premiere entertainment and leisure destination."

About Paragon
Paragon Development Ltd. is one of North America's leading destination resort developers. The Company's principals are responsible for the successful development and operation of numerous landmark projects throughout North America, with special emphasis on gaming-based destinations.

Paragon currently operates casinos in Western Canada including the highly successful River Cree Resort outside of Edmonton and purchased Edgewater Casino on Vancouver's waterfront in 2006.

For more information, please visit our web site at www.paragongaming.com.

About JW Marriott - J.W. Marriott is part of Marriott International's luxury portfolio and consists of beautiful properties in gateway cities and distinctive resort locations around the world. These elegant hotels cater to today's sophisticated, self-assured travelers, offering them the quiet luxury they seek in a warmly authentic, relaxed atmosphere lacking in pretense. JW Marriott properties artfully provide highly crafted, anticipatory experiences that are reflective of their locale so that their guests have the time to focus on what is most important to them. Currently, there are 51 JW Marriott hotels in 21 countries; by 2014 the portfolio will encompass 77 properties in 28 countries.

AUTOGRAPH COLLECTION represents a well-edited ensemble of high-personality and boldly original independent hotels, each carefully selected for its distinctiveness, style and synchronicity with individual travel interests. The Autograph Collection takes the guesswork out of finding exceptional, independent hotels in multiple categories, including boutique arts, iconic historic and boutique chic. For more information or reservations, please visit our web site at www.autographhotels.com.

Visit Marriott International, Inc. (NYSE: MAR) for company information. For more information or reservations, please visit our web site at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

SOURCE Paragon Development Ltd.

For further information:

For media information please contact: 
Naomi Strasser
Aerial Communications Group
416.787.6577
naomi@aerialpr.com

Scott Allison
Vice President, Canadian Operations
Marriott Hotels of Canada Ltd.
905-366-5210
scott.allison@marriott.com

Profil de l'entreprise

Paragon Development Ltd.

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