Barcelo Crestline Appoints Fernando Mulet to VP Development & Asset Management

. October 14, 2008

NOVEMBER 21, 2006. Barcelo Crestline Corporation today announced the appointment of Fernando Mulet to Vice President of Development & Asset Management. He recently served as Director of International Investments & Asset Management for Highland Hospitality Corporation (NYSE:HIH).

In his new position, Mr. Mulet will identify investment opportunities, direct all needed feasibility studies and negotiate the acquisition of properties and hotels throughout Mexico, the Caribbean, and Latin America for the company. In addition, he will provide asset management guidance for the properties in the Playa Hotels & Resorts, S.L. portfolio. Mr. Mulet will report directly to Bruce Wardinski, Chairman & CEO of Barcelo Crestline Corporation.

"Fernando's international hospitality management knowledge, coupled with his background in finance, provides a broad depth of experience in helping us identify suitable properties as we grow our portfolio," said Wardinski. "We welcome his expertise and commitment to success as we thoughtfully grow our holdings," added Wardinski.

Mr. Mulet is a native of Spain. He earned his degrees at the Universidad Complutense de Madrid and Universidad Pontifica de Comillas (ICAED). He continued his education in the US at Cornell University where he earned a certification in Real Estate, Development and Hotel Investment. He began his hospitality career with Barcelo Hotels & Resorts in Mexico, Spain and Orlando, Florida and has also held positions in international banking. Mr. Mulet can be reached at [email protected].

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