Marriott International Signs Agreement with Wasl to Open W Dubai - Mina Seyahi

10 November 2021: Marriott International, Inc. today announced it has signed an agreement with wasl HospitalityandLeisure LLC, a subsidiary of wasl Asset Management Group, to bring the W Hotels Worldwide brand to Dubai's sought-after Jumeirah Beach coastline. Expected to welcome its first guests in 2022, W Dubai - Mina Seyahi is set to become an iconic addition to Dubais skyline and a new buzzing, urban escape in the cosmopolitan city.

"We are seeing increasing demand for luxury lifestyle brands in Dubai, and with its mix of culture and high-energy lifestyle, the emirate is the perfect destination for the trend-setting W Hotels brand,"said Candice DCruz, Vice President Luxury Brands, Europe, Middle EastandAfrica, Marriott International."With its unexpected design and iconic, socially driven Whatever/Wheneverservice, W Dubai - Mina Seyahi will become a destination within a destination."

His Excellency Hesham Al Qassim, CEO of wasl Asset Management Group, said:"We are pleased to sign this agreement and introduce W Dubai Mina Seyahi to the renowned Mina Seyahi complex in Dubai Marina. This new property, which is among several other Marriott International hotels that wasl brought and launched in the emirate, will be an exciting addition to Dubais hospitality sector. We continue to look forward to developing further hotels to cement our position as a key player in the hospitality sector."

Located close to Dubai's thriving leisure destinations, such as Dubai Marina and JBR Walk, W Dubai - Mina Seyahi is well-situated to offer guests a vibrant and playful escape. The 31-storey hotel is expected to feature 318 guestrooms, including 26 suites and an Extreme WOW Suite (W's take on a Presidential Suite). The W Lounge (the brands signature take on the hotel lobby) is anticipated to draw inspiration from a Middle Eastern gathering place and will be a dynamic and lively space, where guests can mix and mingle over crafted cocktails and light bites. Anticipated plans include a new sunset destination experience by the pool overlooking the stunning Mina Seyahi bay, as well as a signature outlet on the 31^stfloor, with unsurpassed views of Dubais world-famous Palm Jumeirah Island.

FUEL,the W brand'shigh-energy,social take on wellnessthatallowsguests to focus on mind and body, will be at the heart of the BAR-B spa, which is expected to feature three treatment rooms and a beauty bar. The FIT Fitness Centre will see UK-born 1Rebel, the ultimate sport-luxe fitness experience, make its debut in the UAE, with a 2500-square-metre, dual-storey studio in the hotel.

"We are thrilled to strengthen our relationship with wasl Group to open W Dubai - Mina Seyahi in such an important leisure destination in Dubai,"said Sandeep Walia, Chief Operating Officer, Middle East, Marriott International. "This new hotel underscores our commitment to growing our luxury portfolio in the Middle East, while signifying the demand for the W Hotels brand in the region."

Marriott International currently operates six properties and residences under the W Hotels brand across the Middle East. W Dubai - Mina Seyahi is anticipated to be the brands second property in Dubai.

For more information, please visitwww.whotels.com.

-

About W Hotels Worldwide

Born from the bold attitude and 24/7 culture of New York City, W Hotels, part of Marriott International, Inc., has disrupted and redefined the hospitality scene for over two decades. Trailblazing its way around the globe, with nearly 60 hotels, W is defying expectations and breaking the norms of traditional luxury wherever the iconic W sign lands. With a mission to fuel guests lust for life, W ignites an obsessive desire to soak it in, live it up and hit repeat. The brands provocative design, iconic Whatever/Whenever service and buzzing Living Rooms create an experience that is often copied but never matched. Innovative, inspiring and infectious, the brands super-charged energy celebrates guests endless appetite to discover whats new/next in each destination, to see more, feel more, go longer, stay later. For more information on W Hotels, visitwhotels.com/theangleor follow us onTwitter,InstagramandFacebook. W Hotels Worldwide is proud to participate in Marriott Bonvoy, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences onMarriott Bonvoy Momentsand unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visitMarriottBonvoy.marriott.com.

-

About Marriott International

Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of roughly 7,900 properties under 30 leading brands spanning 138 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy, its highly-awarded travel program. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram.

-

About wasl Asset Management Group

wasl Asset Management Group, one of the largest real estate management companies in Dubai, was established by the Dubai Real Estate Corporation (DREC) in 2008 to oversee the management of its assets and grow its real estate portfolio. Through its three subsidiaries; wasl properties, wasl hospitality and leisure and dubai golf; wasl operates in various real estate, lifestyle, leisure, hospitality, and business sectors. wasls main objective is to strengthen Dubais position as the premier hub to live and work in and at the same time be the ultimate destination for tourists.

wasl hospitality and leisures portfolio constitutes of 7,204 hotel rooms, of which 5,531 rooms are distributed among 20 hotels and 1,673 hotel apartments among 10 hotels.

For further information please visit:www.wasl.ae