<PAGE>
[MARRIOTT LOGO APPEARS HERE]
MARRIOTT INTERNATIONAL, INC.
March 1998
<PAGE>
NEW MARRIOTT INTERNATIONAL
1997
SALES
$9.0 BILLION
[GRAPHIC: pie chart showing following sections: Lodging 77%; Contract
Services 23%]
OPERATING PROFIT
$609 MILLION
[GRAPHIC: pie chart showing following sections: Lodging 93%; Contract
Services 7%]
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<PAGE>
NEW MARRIOTT INTERNATIONAL
OPERATING RESULTS
($ MILLIONS EXCEPT EPS)
<TABLE>
<S> <C> <C> <C>
1997 1996 % CHANGE
------- -------- --------
SALES
LODGING $ 7,008 $ 5,854 20%
CONTRACT SERVICES 2,038 1,413 44%
------- --------
$ 9,046 $ 7,267 24%
OPERATING PROFIT
LODGING $ 569 $ 452 26%
CONTRACT SERVICES 40 56 (29)%
------- --------
$ 609 $ 508 20%
NET INCOME $ 324 $ 270 20%
DILUTED EPS* $ 1.19 $ 0.99 20%
</TABLE>
*Proforma
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<PAGE>
LODGING STATISTICS*
1997
ROOM RATE REVPAR
--------- ------
MARRIOTT HOTELS, RESORTS & SUITES + 9% + 9%
RITZ-CARLTON + 5% + 10%
RENAISSANCE HOTELS + 7% + 6%
COURTYARD + 8% + 8%
RESIDENCE INN + 8% + 6%
FAIRFIELD INNS AND SUITES + 2% --
* Comparable company-operated U.S. properties
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<PAGE>
LODGING UNIT GROWTH
HOTELS
[GRAPHIC: bar graph showing 1995: 1,006; 1996: 1,152; 1997: 1,478]
ROOMS
[GRAPHIC: bar graph showing 1995: 208,400; 1996: 226,600; 1997: 297,100]
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<PAGE>
MARRIOTT LODGING WORLDWIDE HOTELS - 1997
[GRAPHIC: Map of World]
REGION HOTELS ROOMS
- ------ ------ -------
UNITED STATES 1,243 232,800
OTHER AMERICAS* 36 12,400
ASIA/PACIFIC 65 21,900
EUROPE, MIDDLE EAST, AND AFRICA 134 30,000
------ -------
TOTAL 1,478 297,100
* Includes Canada, Mexico, Caribbean, and South America
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<PAGE>
REVENUE PER AVAILABLE ROOM PREMIUM
[GRAPHIC: BAR GRAPH SHOWING REVPAR PREMIUM (BY PERCENTAGE) FOR MARRIOTT LODGING
BRANDS AS FOLLOWS:
BRAND REVPAR PREMIUM
----- --------------
RENAISSANCE 94%
MARRIOTT HOTELS (U.S.) 112%
FAIRFIELD INN 112%
COURTYARD 113%
RITZ-CARLTON 121%
RESIDENCE INN 124%
MARRIOTT HOTELS (INT'L) 120-125%]
SOURCE: SMITH TRAVEL RESEARCH, MARRIOTT, 1997
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<PAGE>
LODGING
1997 OPERATING PROFIT
[GRAPHIC: pie chart showing following sections: Base Fees 33%; Profit
Participations 35%; Franchise Fees 17%; Vacation Club 11%; Land Rent 4%; and
total, $569 million]
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<PAGE>
NEW MARRIOTT INTERNATIONAL
1997 DISCRETIONARY INVESTMENT OUTLAYS
[GRAPHIC: Pie chart showing following sections: Renaissance Acquisition
$1,000M; Timeshare, net $130M; Managed and Franchised Lodging $140M; Owned
Lodging $200M; Senior Living Services $290M; Other $70M; Total $1.8 Billion]
-8-
<PAGE>
NEW MARRIOTT INTERNATIONAL
1997 ASSET SALES*
($ MILLIONS)
SENIOR LIVING SERVICES $ 740
COURTYARD & RESIDENCE INNS 278
MARRIOTT MANAGEMENT SERVICES U.K. 50
LOANS 86
--------
$1,154
========
*INCLUDES SALES CLOSING IN 1998
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<PAGE>
NEW MARRIOTT INTERNATIONAL
BALANCE SHEET
($ MILLIONS)
1997 1996
-------- --------
CURRENT ASSETS $1,367 $ 984
PROPERTY & EQUIPMENT 1,537 1,824
INTANGIBLES 1,448 333
INVESTMENTS IN AFFILIATES 530 491
OTHER 675 566
-------- --------
$5,557 $4,198
======== ========
CURRENT LIABILITIES $1,639 $1,404
LONG-TERM DEBT 422 681
OTHER 910 669
SHAREHOLDERS EQUITY 2,586 1,444
-------- --------
$5,557 $4,198
======== ========
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<PAGE>
NEW MARRIOTT INTERNATIONAL
DILUTED EARNINGS PER SHARE*
[GRAPHIC: Bar graph showing 1994: $0.61; 1995: $0.83; 1996: $0.99;
1997: $1.19]
*PROFORMA
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<PAGE>
THIS PRESENTATION CONTAINS "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF
FEDERAL SECURITIES LAW, INCLUDING STATEMENTS CONCERNING THE NUMBER OF LODGING
AND SENIOR LIVING COMMUNITIES EXPECTED TO BE ADDED IN FUTURE YEARS, PLANNED
TRANSACTIONS AND THEIR INTENDED RESULTS, AND SIMILAR STATEMENTS CONCERNING
ANTICIPATED FUTURE EVENTS AND EXPECTATIONS THAT ARE NOT HISTORICAL FACTS. THE
FORWARD-LOOKING STATEMENTS IN THIS PRESENTATION ARE SUBJECT TO NUMEROUS RISKS
AND UNCERTAINTIES, INCLUDING THE EFFECTS OF ECONOMIC CONDITIONS; SUPPLY AND
DEMAND CHANGES FOR HOTEL ROOMS, VACATION TIMESHARING INTERVALS AND SENIOR LIVING
ACCOMMODATIONS; COMPETITIVE CONDITIONS IN THE LODGING AND CONTRACT SERVICES
INDUSTRIES; RELATIONSHIPS WITH CLIENTS AND PROPERTY OWNERS; THE IMPACT OF
GOVERNMENT REGULATIONS; AND THE AVAILABILITY OF CAPITAL TO FINANCE GROWTH, WHICH
COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED IN OR
IMPLIED BY THE STATEMENTS HEREIN.
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