New Castle Hotels & Resorts Named Preferred Management Compay by Starwood

Preferred Partner for Three Leading Starwood Flags

. October 14, 2008

SHELTON, CT - September 19, 2005 - New Castle Hotels & Resorts, a leading third-party management and hotel development company, has been named a Preferred Management Company by Starwood Hotels and Resorts. New Castle is a preferred partner for three leading Starwood flags: Sheraton, Westin and Four Points.

"New Castle has enjoyed a valuable relationship with Starwood for many years," notes Gerald P. Chase, president, chief operating officer of New Castle Hotels & Resorts. "We are gratified that our Starwood partners have recognized our commitment to our relationship through the on-going successful management and marketing of Starwood branded properties."

New Castle owns and manages the Four Points by Sheraton in Bangor, Maine and the Westin Nova Scotian in Halifax, Nova Scotia. Readers of consumer travel publications such as Conde Nast Traveler consistently rank the property among the best hotels in the world. The company also manages the Sheraton Long Island in Smithtown, N.Y.

Starwood is one of the largest hotel companies in the world, operating brands that include Westin(R), Sheraton(R), Four Points(R) by Sheraton, W(R), St. Regis(R) and The Luxury Collection(R). Starwood's portfolio includes more than 730 owned, leased, managed and franchised hotels in over 80 countries around the world.

New Castle Hotels & Resorts owns and manages 21 resorts and hotels in the United States and Canada. The hotel management company consistently ranks in the country's top 100 hotel management and development companies in hospitality industry trade publications. New Castle celebrates its 25th anniversary in 2005. For more information on New Castle Hotels & Resorts, please contact Gerald P. Chase, president, chief operating officer, at (203) 925-8370, or visit the corporate website at www.newcastlehotels.com.

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