AC HOTEL MINNEAPOLIS DOWNTOWN TO OPEN FALL 2016

The Brand’s Modern European Design and Spanish Heritage Come to Minnesota

MINNEAPOLIS, Minn. (Sept. 9, 2016) – AC Hotel Minneapolis Downtown, developed and co-owned by Mortenson and managed by Sage Hospitality, will open its doors to guests in the heart of Minneapolis’ thriving downtown in October 2016. Located at the intersection of 4th Street and Hennepin Avenue, the AC Hotels by Marriott is the brand’s first property in Minnesota and is part of a new breed of lifestyle hotels targeting creative and entrepreneurial travelers.

AC Hotel Minneapolis Downtown is a nine story modern hotel with Spanish roots and a European spirit. Offering 245 guest rooms and over 1,500 square feet of meeting space, the hotel features the signature AC Lounge and Bar, AC Library, AC Store collaborative Media Salons, Boardroom and a 24/7 Fitness Center, while being harmoniously connected to the heart of the city through the skyway system. The Hennepin Meeting Room is perfect for corporate and entrepreneurial groups with flexible seating and 675 square feet of meeting space.

Based on a belief that purposeful design improves lives, AC Hotels carves away what is unnecessary, in order to provide guests with thoughtfully designed moments of beauty; moments that elevate their stay and help them focus on what is important to them. That is why at all AC Hotels guests get only what they need, without paying for what they don’t. The result is sophisticated yet unpretentious style, innovative beverage and food programming and locally inspired experiences for both guests and locals.

“Minneapolis is such a vibrant city with an active arts scene and energetic urban culture,” said Toni Stoekl, Vice President of Lifestyle Brands at Marriott International. “Located in the heart of downtown and connected to the city’s skyway system, AC Hotel Minneapolis is situated perfectly for travelers looking to experience everything the city has to offer.”

“We’re thrilled to be partnering with Marriott to bring a modern lifestyle hotel to Minneapolis,” said Nate Gundrum, Director of Real Estate Development at Mortenson. “The new hotel is primed to become a preferred destination and meeting space for the next generation of travelers.”

Signature Design

AC Hotels by Marriott are designed for those creative, well-traveled, entrepreneurial spirits who are constantly on the go and who appreciate the oasis of a well-designed hotel that allows them to welcome moments of tranquility, be present and connect with others. Beautiful layers of deep gray and charcoal tones create a sophisticated and modern European sensibility, showcasing a timeless design that is contemporary and sleek. Guest rooms incorporate monochromatic schemes, with clean lines and hardwood floors. Furniture is lifted from the ground to create a sense of space and crisp white linens are used to craft a look that’s both refined and elegant. The AC Lobby features the brand’s signature open-concept spaces and features a thoughtfully selected collection of inviting furnishings, modern designs and textures that evoke the feeling of a well-curated art gallery. Ambient lighting and cozy seating in the AC Library and Lounge areas invites travelers to relax in chic surroundings, while also creating an effortless space in which to conduct a business meeting or connect with friends over cocktails. Each AC Hotel is designed to reflect the uniqueness and character of its urban location.

Beverage and Food Programming

At AC Hotels, premium touches are balanced with comfortable service. A signature element of the hotel includes an innovative beverage and food program within its AC Lounge. A twist on the traditional hotel bar, the experience includes offerings of local craft beers, specialty wines, expertly made signature cocktails and a selection of tapas-style small bites.

Located adjacent to the AC Lounge, the AC Kitchen serves a European-inspired continental breakfast selection of flaky croissants, savory egg tarts and Nespresso coffee. A signature piece in all AC Hotels is the Berkel slicer, offering visitors hand-cut meats including artisanal La Quercia Prosciutto for a true taste of Europe.

AC Library

The AC Library provides a quiet space to linger and peruse the selection of inspiring titles that line the shelves, ranging from modern art to design, all in a soothing environment. Each AC Library features a rotating selection of specially selected reads by guest curators.

Additional Amenities

Complimentary Wi-Fi is offered for guests and locals to work, connect, explore and socialize. When a private meeting area is needed, guests can book a variety of spaces, which vary in size and are equipped with the latest audio-visual technology. State-of-the-art fitness centers and on-site parking round out the hotels’ offerings. To facilitate frictionless service Kallpods, wireless service buttons, are provided in the public and meetings spaces-- enabling guests to immediately request a staff member’s attention.

The new lifestyle hotel is AC Hotels by Marriott’s eighth property in North America (fifth in the Midwest) following the brand’s debut in New Orleans, Kansas City, and Washington D.C, and is part of a growing portfolio of over 60 hotels expected to open in the next few years in the U.S. and Latin America

AC Hotel Minneapolis Downtown is located at 401 Hennepin Avenue Minneapolis, MN 55401. For more information on AC Hotel Minneapolis Downtown, visit achotels.marriott.com or call 303.405.8391.

For more information on the latest news and updates from Sage Hospitality, please visit: sagehospitality.com.

Mortenson

Founded in 1954, Mortenson is a U.S.-based, family-owned construction and development services company. As one of the nation's top builders, Mortenson provides a complete range of construction services, including planning, program management, preconstruction, general contracting, construction management and design-build. The company also is a leader in real estate development, developing all asset types.

Mortenson has operations across North America with offices in Chicago, Denver, Iowa City, Milwaukee, Minneapolis, Phoenix, Portland, San Antonio, Seattle and in Canada. For more information, visit mortenson.com.

Sage Hospitality

Denver-based Sage Hospitality was founded in 1984 and since continues to lead the hospitality industry in hotel and restaurant management as well as real estate investment. Sage is known for outstanding relationships with hotel brand and creating places that people want to go to, not through, including 10 unique restaurant concepts by Sage Restaurant Group and independent luxury properties by Sage Hotels. To learn more about Sage, visit sagehospitality.com

AC Hotels by Marriott

AC Hotels by Marriott is a lifestyle brand within the Marriott International global portfolio of 19 brands. The brand currently offers a portfolio of more than 90 hotels in Spain, Italy, Portugal, Denmark, Turkey, France, Mexico and the United States. Growth plans include more than 60 hotels set to open within the next three years throughout the U.S., Canada, Europe, Latin America, the Middle East and Africa. AC Hotels by Marriott debuted its first U.S. location in November 2014 in the iconic Cotton Exchange Building in New Orleans, followed by AC Kansas City in March 2015, AC Hotel Washington D.C. at National Harbor in April 2015, AC Chicago in May 2015 and AC Hotel Miami Beach in June 2015. For more information, visit achotels.marriott.com.

Instagram: @achotels

Facebook: facebook.com/achotels

Twitter: @achotels

About Marriott International Luxury + Lifestyle Brands

Marriott International’s luxury and lifestyle brand portfolio includes The Ritz-Carlton Hotel Company, EDITION Hotels, BVLGARI Hotels & Resorts, JW Marriott Hotels & Resorts, Autograph Collection, Renaissance Hotels, AC Hotels and Moxy Hotels – totaling over 550 properties worldwide. By the end of 2016, the portfolio is expected to grow to 650 hotels with new locations in Geneva, Switzerland; Paris, France; Guadalajara, Mexico; Panama City, Panama; Rio de Janeiro, Brazil; Santiago, Chile; Santa Fe, Argentina; and Sanya, China. Marriott’s Luxury and Lifestyle portfolio also accounts for approximately 28 percent of Marriott’s system-wide development pipeline. Future plans call for more than 250 additional luxury and lifestyle hotel projects over the next several years.

Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda, Maryland, USA, with nearly 4,500 properties in 87 countries and territories. Marriott International reported revenues of more than $14 billion in fiscal year 2015. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and Moxy Hotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together comprise nearly 56 million members. For more information or reservations, please visit our website at marriott.com, and for the latest company news, visit marriottnewscenter.com.

NOTE: The statements about the expected future growth of AC Hotels by Marriott are “forward-looking statements" within the meaning of federal securities laws, not historical facts, and are subject to a number of risks and uncertainties, including supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth; and other risk factors identified in Marriott International, Inc.'s most recent quarterly report on Form 10-Q; any of which could cause actual results to differ materially from those expressed in or implied by our statements. These statements are made as of the date of this press release, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.