Marriott Settles Litigation With LP

WASHINGTON DC Marriott International and Rockledge Hotel Properties said that the previously announced settlement of lawsuits brought by and on behalf of limited partners in Courtyard by Marriott Limited Partnership (“Courtyard I) and Courtyard by Marriott II Limited Partnership (“Courtyard II) has become final. Pursuant to the settlement, CBM I Holdings LLC and CBM II Holdings LLC s tender offers were successfully completed when CBM I Holdings LLC and CBM II Holdings LLC accepted for payment all units of limited partnership interest of Courtyard I and Courtyard II, respectively, that were validly tendered prior to the expiration of the offers and not withdrawn prior to midnight on December 7, 2000. According to Gemisys Corporation, the claims administrator for the tender offers, approximately 938 Courtyard I units and 1,254 Courtyard II units were acquired pursuant to the tender offers, representing approximately 82% and 85% of the then outstanding Courtyard I units and Courtyard II units, respectively. The remaining Courtyard I and Courtyard II units were acquired in mergers. (12/8/00)