Preferred Hotel Group Adds 52 Hotels and Resorts in Past Six Months

New Name, New Brand and New Management Energize Company

. October 14, 2008

CHICAGO, IL, June 7, 2006. Preferred Hotel Group, emerging as the world's most sought-after collection of hotels and resorts, has added more than 50 properties to its worldwide membership roster in the past two quarters. The "Preferred," name has been extended to encompass a family of hotel and resort brands aligned with the needs of today's hotelier and their guest. Preferred Hotel Group includes: Preferred Hotels & Resorts; Preferred Boutique; Summit Hotels & Resorts; and Sterling Hotels.

Preferred Hotel Group Chairman and CEO John Ueberroth took over management of the company in 2004 (changing its name from IndeCorp in 2005) and with an experienced management team has moved quickly to expand the company's portfolio of brands, with the launch of Preferred Boutique, and to initiate a range of customer-focused programs.

Each Preferred Hotel Group brand announced new members, with notable additions including:

Preferred Hotels & Resorts

The Fullerton Hotel, Singapore

Red Rock Casino, Resort & Spa, Las Vegas USA

Preferred Boutique

Dylan Hotel, Dublin, Ireland

The Regent South Beach, FL USA

Summit Hotels & Resorts

Regal Hong Kong Hotel

Grand Lodge, Bloomington, MN USA

Sterling Hotels

Southwark Rose Hotel, London, England

Bienville Hotel, New Orleans, LA USA

New guest initiatives, combined with renowned services for member hotels and resorts themselves, provide a platform for continued growth. Despite the pace of change, Preferred Hotel Group ensures its success by taking the time to ask its members and its guests, "What do you prefer?"

Preferred Hotel Group is a global leader in the hospitality industry. This creative, cutting-edge company is designed for a new era in travel - an era in which travelers embrace the individuality of distinctive hotels and resorts - yet desire a consistent commitment to excellence. The four brands of Preferred Hotel Group represent a collection of the finest hotels in the world and include:

Preferred Hotels(R) & Resorts, (www.preferredhotels.com); Preferred Boutique (www.preferred-boutique.com); Summit Hotels & Resorts (www.summithotels.com); and Sterling Hotels (www.sterlinghotels.com). Learn more at www.preferredhotelgroup.com.

CONTACT: Keri Firstenberg/Gina Galatro

Middleton & Gendron, Inc.

+1 212 980 9232 / +1 212 284 9934

EMAIL: [email protected]/[email protected]

For high resolution imagery of our properties, please visit the Preferred Hotel Group Image Library at www.preferredhotelgroup.com/press.htm.

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