John Rhodes Peto Appointed Director, Asset Management for Barcelo Crestline

. October 14, 2008

JUNE 24, 2008. Barcelo Crestline Corporation today announced the appointment of John Rhodes Peto, C.H.A., as Director, Asset Management. Mr. Peto joins Barcelo Crestline with more than 20 years of experience in hospitality and real estate asset management.

In his new position, he will report to Thomas G. Baker, Executive Vice President and Chief Investment Officer for Barcelo Crestline. Mr. Peto will asset manage Barcelo Crestline's portfolio of nearly 100 leased and owned hotels throughout the U.S.

Mr. Peto joins Barcelo Crestline from a private venture where he managed a residential real estate portfolio. Prior to that, he was the Director of Operations for the U.S. for CTF Hotels & Resorts. He has also held senior management positions with La Costa Resort & Spa, Encinitas Resort Corporation, and the Capitol Hotel Group, Inc., among others.

"John's extensive background in asset management and real estate is significant to Barcelo Crestline as we continue to manage and grow our hotel portfolio," said Tom Baker. "We look forward to John's leadership and expertise as we continue to enhance Barcelo Crestline's domestic interests."

Mr. Peto attended Indiana University of Pennsylvania, Hotel & Restaurant Management program. He has earned several industry accolades and certifications including Certified Hotel Administrator (C.H.A.). He can be reached at [email protected].

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