Ventana Names Steven R. Chelew Chief Operating Officer

. October 14, 2008

SCOTTSDALE, AZ, January 25, 2006. Ventana Hotels & Resorts, a leader in the deployment of entrepreneurial management practices throughout the hospitality industry, proudly announces the appointment of Steven R. Chelew as Chief Operating Officer. Mr. Chelew's new position represents his extensive experience as both a manager of independent and branded resorts, as well as impressive leadership within the corporate suite.

"Steve's appointment is the result of both his seasoned operational skills and his professional success within the hospitality and lodging industry. He has more than twenty-five years of practical experience throughout North America, from boutique hotels to business destinations to vacation spots," said Jason Walton, President and CEO of Ventana Hotels & Resorts. "Steven is already a valuable leader on behalf of Ventana's portfolio of hotels, having achieved extraordinary operating results."

Managerial Expertise and Corporate Leadership

Steven Chelew was most recently the General Manager of the Hotel La Jolla at the Shores, where he increased Revenue Per Available Room (RevPAR) from 82% to 103% on a trailing twelve-month basis without any significant renovations. "I value the opportunity to further implement and oversee various business goals for Ventana and its group of highly respected hotels. The company's personalized attention and entrepreneurial energy also reflect my professional beliefs," declared Mr. Chelew.

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