Industry Update
Press Release 2 July 2014

L.A. LIVE Rolls Out Red Carpet for Courtyard and Residence Inn

Hotel Duo Welcomes Influx of Travelers to Downtown

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Logo 'Courtyard by Marriott'

Today, Los Angeles welcomes its newest stars with the opening of the unique combination, two-in-one hotel, the Courtyard and Residence Inn L.A. LIVE. Owned by American Life, Inc. and Williams & Dame Development, the Courtyard offers 174 rooms and the Residence Inn features 219 suites. Sharing the same space, the hotel brings to L.A. Live all of the services and amenities travelers have come to expect from the two Marriott International, Inc. (NASDAQ: MAR) power brands, Courtyard and Residence Inn.

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As another chapter in the revitalization of downtown Los Angeles, the $170 million project adds hotel rooms and capacity to handle the growing influx of travelers which is expected to contribute more than $89 million annually in spending to the area. It is also the first branded select-service hotel to open in downtown Los Angeles in 20 years.

"We could not have asked for a better destination to open Marriott's first dual-branded hotel on the west coast," said Janis Milham, senior vice president of Modern Essential and Extended Stay brands, Marriott International. "The energetic L.A. vibe can be felt throughout the custom designed hotel. Its unique décor and layout allows guests to experience all the shared benefits of having two hotels under one roof."

"The hotels add further momentum to the revitalization of downtown Los Angeles, bringing new jobs and directly supporting economic activity at L.A. LIVE and the Convention Center," said Homer Williams, chairman of Williams & Dame Development. "In partnership with American Life and our project team, we were able to achieve an elegant design, with innovative technologies and other amenities that will appeal to a wide variety of guests."

The hotel offers a shared state-of-the-art fitness center, two meeting rooms with 4,500 square feet of total meeting space with a capacity to accommodate up to 350 people.

LA LIVE Lobby_Main_AltHaving more than 30 years of experience and nearly 1,000 hotels in 38 countries, the Courtyard brand is known as a pioneer and innovator. The Courtyard L.A. LIVE guest rooms feature a modern design with a contemporary feel, offering hybrid zones for working, sleeping, relaxing and getting ready. Hotel guest rooms feature a king-size bed or two double beds, a seating area and well-lit work desk. The open and bright hotel lobby features Table 901 LA Cafe, offering breakfast, lunch and dinner options, a full bar and Starbucks coffee. Courtyard's award-winning touch-screen concierge, GoBoard®, provides local information, maps, weather and headline news on a 55-inch, LCD screen. Guests can also obtain immediate access to detailed flight information for local airports, local events, as well as walking directions to nearby attractions.

The only purpose-built extended stay hotel in the area, the Residence Inn L.A. LIVE offers studio, one-bedroom and two-bedroom suites designed for stays of five nights or more. Each suite has a custom designed fully-functional kitchen with microwave oven and appliances. Residence Inn's complimentary breakfast has a variety of great options, including specially made featured items. Guests can start their day off right with healthy food choices or with a convenient to-go offering.

As a leader in extended stay with more than 650 hotels in the U.S. and growing internationally, Residence Inn understands the feeling of comfortable living on the road, offering guests inviting and functional public spaces to relax or collaborate. Road warriors and families alike enjoy the hotel's complimentary grocery delivery service, dry cleaning services and onsite guest laundry room.

Courtyard by Marriott and Residence Inn participate in Marriott International's award-winning Marriott Rewards® frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information or reservations, contact the hotels directly at 213-443-9200, call the Residence Inn toll-free number at 800-331-3131, the Courtyard toll-free number at 800-321-2211 or visit www.residenceinn.com or www.courtyard.com. For travel tips, the latest on the brand or to connect with other travelers, "like" Residence Inn on Facebook: www.facebook.com/residenceinn, and follow Residence Inn on Twitter: www.twitter.com/residenceinn or become a fan of Courtyard at www.facebook.com/courtyard or follow Courtyard at www.twitter.com/courtyardhotels.

About American Life Inc. (www.amlife.us)

American Life is led by Founder Henry Liebman, CEO and chairman of the board and President Gregory Steinhauer. A fully integrated company that finances, develops and manages properties across key markets in the United States, American Life's investment strategy provides current income and long-term capital growth to domestic and international EB-5 investors. The firm's immigration-linked investment opportunities allow foreign nationals to invest in the U.S. and receive green cards through the EB-5 visa program, created by the Immigration Act of 1990.

About Williams & Dame Development (www.wddcorp.com)

Williams & Dame Development is a Portland-based real estate development firm led by Homer Williams and Dike Dame. The firm has an organic approach to urban transformation, collaborating with public and private partners to create unique neighborhoods that blend quality housing, vibrant street life and new business opportunities. The firm led the redevelopment of the "South" neighborhood, a new high-rise community in South Park in downtown Los Angeles, as well as the Pearl and South Waterfront Districts in Portland, Oregon.

Related Brands

Courtyard

Courtyard has long led the industry when it comes to meeting the needs of the modern business traveler. Since breaking into the market 30 years ago as a brand built for business, Courtyard has continuously evolved, pushing the boundaries of design, style and service in the upscale category.
brand information

Residence Inn

With over 700 locations, Residence Inn created and defined the Extended Stay lodging category, first in North America and now globally. The brand recognizes the different needs of long stay guests, and is uniquely suited to serve this significant market segment.
brand information
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