CEO of Corinthia Recaps Growth Pattern, New Positioning and Objectives

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. September 14, 2009

NEW YORK, NY, September 11, 2009 - Tony Potter, Chief Executive Officer and Managing Director of Malta based CHI Hotels & Resorts (CHI), the exclusive operator of the luxury Corinthia Hotels Brand worldwide and also the exclusive operating company for Wyndham Hotel Group (WHG) managed hotels in Europe, Africa and the Middle East (EMEA) trading under the Wyndham and Ramada Plaza brands, was the keynote speaker at Corinthia Hotels' annual media business breakfast, held at Tavern on the Green in New York City on Thursday September 10th, 2009. Mr. Potter was joined by Glenn Carroll, CHI's Senior Vice President for Sales and Marketing and senior executives from the Wyndham Hotel Group.

At the event, Tony Potter said "It is particularly encouraging for me, especially this year, to be able to talk about the growth pattern and objectives of Corinthia Hotels for the next few years. I am also particularly pleased to be joined today by our senior colleagues from Wyndham who are 30% investors in CHI and for who CHI Hotels & Resorts are their management company in Europe, Africa and the Middle East."

During the event, Potter revealed major developments concerning the Corinthia Hotels' rebranding project and new positioning on the market and gave details on CHI's rapidly expanding portfolio of luxury hotels, most notably the exclusive Corinthia Hotel London, due to open in 2010. He also updated the media on new initiatives aimed at boosting the Company's exclusive 'Events At Corinthia' program for the Meetings, Incentives, Conference and Events (MICE) market. Tony Potter also briefed guests on the launch of CHI's employees training initiatives.

Finally, CHI's Chief Executive Officer announced the Honorees for this year's World Tourism Awards to be presented in London at World Travel Market on November 10th 2009. Now in its 12th year, Corinthia Hotels co-sponsors the Awards in collaboration with American Express, International Herald Tribune and Reed Travel Exhibitions.

The lucky winner of a seven-night stay at the five- star Corinthia Hotel St. Georges Bay in Malta, was Louise Weiss, Access Editorial Services. The drawing was held at the annual Corinthia Hotels Press Breakfast at Tavern on the Green, New York City. From Left: Glenn Carroll, Sr. VP Sales & Marketing, CHI Hotels & Resorts; Tony Potter, CEO and Managing Director, CHI Hotels & Resorts; Louise Weiss, Access Editorial Services; H.E. Saviour F. Borg, Malta's Ambassador to the United Nations; Ross Hosking, EVP, Global Sales, Wyndham Hotel Group; and Jim Alderman, EVP, Development, Wyndham Hotel Group.

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Corinthia Hotels re-branding focuses on luxury and elegance - This project is now in its final phase and the elegant new livery will shortly be gracing the facades of all Corinthia Hotel properties worldwide. A new highly interactive web site and complementary hotel collateral are being launched simultaneously, while the stylish new hotel directory reflects the true essence of the brand and the opulence of its hotels. The finalization of this project is in line with the Brand's repositioning to the upper tier of the luxury hotel sector.

Hotel Developments in London and beyond - More than ever, the Corinthia Hotels brand is poised to play an increasingly prominent hospitality role worldwide with the opening in 2010 of the stunning 296-bedroom luxury Corinthia Hotel London, located in the heart of the capital in Whitehall, alongside the Thames. Meanwhile, negotiations are currently underway for similar upscale properties in other leading destinations, such as Paris, Moscow, Rome and New York. This represents a dramatic move for the luxury Corinthia Hotels collection, which to-date has been steadily building a five-star portfolio in key European destinations and the Mediterranean basin.

The Company has recently reopened the totally renovated and extended Corinthia Hotel St Petersburg, which now offers the largest conference facilities in the city. It has completed the refurbishment works at the Corinthia Palace Hotel & Spa in Malta, added a state of the art Spa at the Corinthia Hotel Lisbon and launched the first stage of the Corinthia Beach Resort in Sharm El Sheikh, Egypt, with the opening of the Tiran Hotel. This will shortly be followed by the opening of the adjoining Tiran Residence and the Corinthia Resort Hotel to complete the Corinthia Beach Resort - Sharm El Sheikh.

The development of the Corinthia Lake Resort and Spa (2011) in Romania and the Corinthia Budapest Gate and Residences (2012) in Hungary are both on schedule, while plans for the construction of a second hotel in Libya, the Corinthia Hotel Benghazi, are at an advanced stage.

The joint venture with Wyndham Hotel Group continues to grow and provide CHI with a broader reach worldwide - Apart from the Corinthia Hotels that already form part of the exclusive Wyndham Grand Collection, CHI will also be operating a number of Wyndham and Ramada branded hotels that are currently under development - these include the Wyndham Port Lixus Resort in Morocco (2011), the Ramada Abu Dhabi Mafraq (2010) and Ramada Abu Dhabi Beach (2011) hotel in Abu Dhabi and the Ramada Hotel & Suites - Jumeira Beach in Dubai (2010).