$50 mil to Renovate and Rebrand The Lodge at Koele

Also Adding $10 mil in Meeting Space to the Four Seasons Lana`i at Manele Bay

. October 14, 2008

HONOLULU, HI, July 27, 2006. Four Seasons Hotels and Resorts and Castle & Cooke, LLC have announced a $50-million enhancement and rebranding for The Lodge at Koele, sister property of Four Seasons Resort Lana'i at Manele Bay. The project represents over $100 million invested by Castle & Cooke and its chairman David Murdock, in the two exclusive properties as part of their rebranding by Four Seasons. The renovation, which will commence in late August 2006 is scheduled to be completed by mid-November 2006. Upon completion, the property will become Four Seasons Resort Lana'i, The Lodge at Koele.

"The Lodge has always had a great base of loyal guests, and with the upcoming enhancement and rebranding, our guests will have even more to enjoy," said Mark Hellrung, general manager of Four Seasons Resorts Lana'i. "The upcountry charm will remain, with a new level of comfort and service added by Four Seasons," added Hellrung.

The enhancement will include renovation of all 102 guest rooms and suites (including signature Four Seasons beds, 42" LCD flat-screen televisions, furniture, fabrics, carpeting, glass bath partitions, high-speed Internet access, coffee makers, air conditioning and heating.) Additional enhancements will be made in the Lodge's public areas, including the Great Hall, which will be refreshed with new furniture and fabrics, maintaining the charming upcountry feel of The Lodge. A Games Room will be added, and a Pagoda imported from China will be constructed on the Resort's sprawling grounds. Additional enhancements will include new exterior paint, as well as new furniture and fabrics in the restaurants and bar.

Following the completion of enhancements and the rebranding of the property, construction will begin on a destination spa and wellness center, in a spectacular garden setting. The Spa and Wellness Center are anticipated to open in 2008.

The Lodge at Koele was originally opened in 1991, and quickly became a favorite of travelers seeking a "private Hawaii" experience. The cool upcountry setting and meticulous sprawling gardens are warmly complemented by the natural colors, interiors and fireplaces of the Great Hall. With the enhancements and rebranding, Four Seasons Resort Lana'i, The Lodge at Koele is expected to become a favorite of those seeking "Hawaii the way it should be."

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