Status Update of Occidental Hotels & Resorts Properties in Mexico Following Hurricane Wilma

. October 14, 2008

MEXICO, November 4, 2005. After conducting a detailed assessment of the condition of its properties in Mexico following hurricane Wilma, Occidental Hotels & Resorts announced today that its six resorts in Cancun, Playacar and Cozumel are scheduled to reopen as follows:

January 31, 2006:

o Occidental Grand Cozumel

o Allegro Cozumel

o Allegro Playacar

The reopening dates of Royal Hideaway Playacar and Occidental Grand Xcaret are still pending. However, these properties will not reopen prior to January 31, 2006.

Caribbean Village Cancun: This property is scheduled to reopen during the last quarter of 2006.

Further updates are available on the company's Web site at www.occidentalhotels.com under "Hurricane Wilma Update."

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