California
Marriott Grand Residence Club, Lake Tahoe, 1001 Heavenly Village Way, S. Lake Tahoe, CA 96150 is a registered project with the California Department of Real Estate. A fact sheet on facilities including association assessments and usage options is available upon request. CA DRE Lic.# 1008481

47 Park Street by Marriott Grand Residence Club, 47 Park Street, London, England W1K7EB, is not a registered project with the California Department of Real Estate. WARNING: THE CALIFORNIA DEPARTMENT OF REAL ESTATE HAS NOT EXAMINED THIS OFFERING, INCLUDING, BUT NOT LIMITED TO, THE CONDITION OF TITLE, THE STATUS OF BLANKET LIENS ON THE PROJECT (IF ANY), ARRANGEMENTS TO ASSURE PROJECT COMPLETION, ESCROW PRACTICES, CONTROL OVER PROJECT MANAGEMENT, RACIALLY DISCRIMINATORY PRACTICES (IF ANY), TERMS, CONDITIONS, AND PRICE OF THE OFFER, CONTROL OVER ANNUAL ASSESSMENTS (IF ANY), OR THE AVAILABILITY OF WATER, SERVICES, UTILITIES, OR IMPROVEMENTS. IT MAY BE ADVISABLE FOR YOU TO CONSULT AN ATTORNEY OR OTHER KNOWLEDGEABLE PROFESSIONAL WHO IS FAMILIAR WITH REAL ESTATE AND DEVELOPMENT LAW IN THE COUNTRY WHERE THIS SUBDIVISION IS SITUATED.

Grand Residences by Marriott at Bay Point is not registered with the California Department of Real Estate and is not to be considered offered to California residents.

Florida
Grand Residences by Marriott at Bay Point is a registered project with the Department of Business and Professional Regulation, Division of Florida Land Sales, Condominiums and Mobile Homes. ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THE DOCUMENTS REQUIRED B SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO BUYER OR LESSEE. Grand Residences by Marriott at Bay Point is s not an offer to residents of New York, California, New Jersey or in any state where prohibited by law.

Marriott Grand Residence Club, Lake Tahoe and 47 Park Street by Marriott Grand Residence Club, are not registered with the Department of Business and Professional Regulation in Florida, and are not to be considered offered to Florida residents.

Nevada
Marriott Grand Residence Club, Lake Tahoe, located in the State of California, is a registered project with the State of Nevada, Department of Business and Industry, Real Estate Division. This advertising material is being used for the purpose of soliciting sales of timeshare periods in the State of Nevada. Nevada Seller of Travel Registration No. 2004-0105

Grand Residences by Marriott at Bay Point and 47 Park Street by Marriott Grand Residence Club are not registered projects with the State of Nevada, Department of Business and Industry, Real Estate Division and are not to be considered offered to Nevada residents.

Marriott Vacation Club International and the programs and products provided under the Grand Residences by Marriott or other program, product or service brands are not owned, developed, or sold by Marriott International, Inc. Marriott Vacation Club International uses the Marriott marks under license from Marriott International, Inc. and its affiliate.

This advertising material is not an offer to sell nor a solicitation of an offer to buy to residents of any state or jurisdiction in which registration requirements have not been fulfilled.

THIS ADVERTISING MATERIAL IS BEING USED FOR THE PURPOSE OF SOLICITING SALES OF TIMESHARE PERIODS.