Marriott Execustay Franchises Richmond-tidewater-western Virginia Region

Washington , DC | Marriott ExecuStay, the corporate housing division of Marriott International, Inc. (NYSE:MAR), today announced that it has entered into a franchise relationship with Richmond, Va.-based Commonwealth Corporates – a company created by Sarah Everhart, owner of Richmond-based Apartment Pros, Inc. – to operate Marriott ExecuStay in Richmond and the Tidewater and Western Virginia markets. The franchise agreement is effective Dec. 1.

Ms. Everhart, who with her executive team represents more than 25 years of experience in the property management and corporate housing industries, is a past recipient of the Richmond Apartment Management Association’s “Property Manager of the Year” award.

“We are very excited about joining Marriott ExecuStay as a franchisee,” said Ms. Everhart. “This will enable us to capture the full potential of these rapidly expanding markets and also strengthens our position as the leading provider of quality corporate housing products and services in the Richmond, Tidewater and Western Virginia regions.”

Joe Lavin, executive vice president and managing director of Marriott ExecuStay, said, “We are thrilled to welcome Commonwealth Corporates to the ExecuStay franchise family. Affiliating with the very best corporate housing providers further enhances the quality of products and services delivered to our customers, and Commonwealth Corporates – with its commitment and deep knowledge of the Richmond, Tidewater and Western Virginia region – is no exception.”

The contact for prospective Marriott ExecuStay franchisees is Gregory Laubach ([email protected]) at (240) 386-2335.

Marriott ExecuStay () offers travelers who require stays of 30 days or more the spaciousness and privacy of apartment living in 43 major U.S. markets. 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. is a leading worldwide hospitality company with over 2,800 lodging properties, totaling over 505,000 rooms, including over 8,500 vacation ownership villas, in the United States and 69 other countries and territories. The company is headquartered in Washington, D.C., and has approximately 128,000 associates. In fiscal year 2003, the company reported sales from continuing operations of $9 billion. Marriott is ranked as the lodging industry's most admired company and one of the best places to work by FORTUNE®. For more information, please visit the web site at .