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The St. Regis New York Takes Top Honors

Institutional Investor Magazine's 25th Anniversary Survey of the World's Best Hotels

. October 14, 2008

NEW YORK, NY, November 10, 2005. The St. Regis hotel in New York has been named the overall top-ranked hotel in Institutional Investor's 2005 survey of the world's best hotels, marking the first time that a New York hotel has claimed the honor in the survey's 25-year history.

Our voters, who last year spent an average of 62 nights in hotels, awarded the second place ranking to the Park Hyatt Paris-Vend^ome, making it Europe's highest-ranking hotel on the II survey. Asia's best, the Four Seasons Singapore, ranks No. 5 in the world.

Here are the top ten hotels, as ranked by respondents to Institutional Investor's World's Best Hotels Survey. To find out all 50 of the Top Hotels, please visit www.institutionalinvestor.com.

RANKINGS FOR 2005

1

St. Regis

New York

2

Park Hyatt PARIS-VEND^OME

Paris

3

Mandarin Oriental

New York

4

Four Seasons

Milan

5

Four Seasons

Singapore

6

Four Seasons George V

Paris

7

Mandarin Oriental

San Francisco

8

Ritz-Carlton Millenia

Singapore

9

Peninsula

Hong Kong

10

Four Seasons

Chicago

To conduct the survey, Institutional Investor asked participating financiers to rate hotels they had visited recently on a scale of 1 to 100. The scores were averaged and ranked according to a formula that assigns greater weight to those panelists who are the most frequent travelers. Any hotel requires a significant number of votes to qualify.

Institutional Investor is requested and read by the world's corporate and financial elite. Its more than 100,000 subscribers are among the most affluent and influential decision makers in the Americas, Europe and Asia, with an average annual household income of $817,000.

For the complete article and more details on the ranking, please visit http://www.InstitutionalInvestor.com/.

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