Preferred Hotel Group Sees Dramatic Growth In Summit Hotels & Resorts Brand

11 New Members Join Over Six-Month Period

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. October 14, 2008

CHICAGO, IL, July 11, 2006. Summit Hotels & Resorts has added 11 new members in the past six months - a total of 7,756 rooms -- in strategic locations including the United States, Asia and Europe. Now numbering 113 hotels and resorts, Summit is continuing to implement its growth strategy by increasing in number and locations worldwide in order to provide options for guests. Summit Hotels & Resorts offers guests a peak experience, enabling travelers to get the most from their business or leisure destination.

Micarl Hill, Managing Director, Summit Hotels & Resorts, comments, "The Summit brand continues to gain momentum as the perfect positioning tool for many hotel owners and managers whose properties offer a blend of luxury and style with value in a competitive marketplace. Summit members benefit from Preferred Hotel Group offerings which include GDS sales, group sales, and relationships with global travel and marketing entities." "As a Preferred Hotel Group brand," Hill continues, "Summit's growth is expected to continue at a fast pace."

New members are as follows:

Austria

Castellani Parkhotel, Salzburg

Hong Kong

Regal Airport Hotel; Regal Hong Kong Hotel; Regal International East Asia

Hungary

Queens Court, Budapest

Ireland

Dunboyne Castle, Hotel & Spa, Dunboyne County, Meath

Italy

Hotel Palace Maria Luigia, Parma

The Netherlands

Eden Rembrandt Square Hotel, Amsterdam

People's Republic of China

Panglin Hotel Shenzen, Shenzen

Turkey

Hotel Midi, Ankara

United States

Grand Lodge, Bloomington, Minnesota

Grand Sierra Resort & Casino, Reno, Nevada

Every Summit, ranging from historic urban hotels to enticing beach resorts, articulates a genuine sense of place. Individualized design and welcoming service memorably reflect each destination's style, culture and graciousness.

Summit Hotels & Resorts is a member of the Preferred Hotel Group family of brands, and guests consequently are eligible to enroll in the I PreferTM Global Guest Benefit Program, with benefits including early check-in/late check-out, space-available upgrades and local hotel benefits from complimentary airport transportation to "two for one" spa treatments. For reservations and a complete description of the Summit Hotels & Resorts collection, visit www.summithotels.com.

Preferred Hotel Group is a global leader in the hospitality industry. This creative, cutting-edge company is designed for a new era in travel - an era in which travelers embrace the individuality of distinctive hotels and resorts, yet desire a consistent commitment to excellence. The four brands of Preferred Hotel Group represent a collection of the finest hotels in the world and include Preferred Hotels(R) & Resorts, (www.preferredhotels.com); Preferred Boutique (www.preferred-boutique.com); Summit Hotels & Resorts (www.summithotels.com); and Sterling Hotels (www.sterlinghotels.com). Learn more at www.preferredhotelgroup.com.

CONTACT: Gina Galatro/Dianna Tingg

Middleton & Gendron, Inc.

+1 (212) 284-9934/+1 (212) 980-9232

EMAIL: [email protected]/[email protected]

For high-resolution imagery of our properties, please visit the Preferred Hotel Group Image Library at www.preferredhotelgroup.com/press.htm.

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