Daniel Hostettler Announces Executive Appointments at New Five Star Hotel

Property set to open June 2010

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. September 16, 2009

WATCH HILL, RI, September 17, 2009 - Daniel Hostettler, managing director of the Ocean House in Watch Hill, RI, announced recently that Antonia Korosec has been appointed assistant managing director of rooms for the 49-room, five-star hotel that will enjoy a grand re-opening in June 2010 following a complete transformation. Additionally, Mr. Hostettler also announced the appointment of Jonathan Norton as vice president of finance.

"Ms. Korosec's stellar background in prestigious five-star hotels, coupled with her extensive travel experiences and sophistication, will serve Ocean House guests and residents superbly," said Hostettler.

A resident of Monte Carlo and world traveler, Korosec is presently assistant managing director of Le Grand Paradis, an upscale, seasonal ski resort hotel in Val d'Isere, France.

From 2006 to 2008 she was executive assistant to the president and assistant hotel director (rooms division) for Lajitas, The Ultimate Hideout in Lajitas, TX. This is a 120-room property with a variety of resort activities. It is a Leading Hotel of the World and a Preferred Hotel.

Earlier she served as food and beverage and club house manager of the Yacht Club de Monaco, a luxury private club founded by HSH Prince Rainier III, serving a distinguished roster of international clientele to a five-star standard. She was also guest relations associate for Orient-Express Hotel Group, serving its luxury cruise ship Road to Mandalay in Myanmar.

Korosec holds an undergraduate degree in International Hospitality Management from the Ecole Hotelier de Lausanne in Switzerland and is fluent in French, English, German and Spanish.

Jonathan Norton was most recently the Director of Finance for Goodwin Hotel Management LLC based in Hartford, CT, a position he started in 2005. Previously he was Regional Controller for the Waterford Hotel Group of Waterford, CT, and prior to that served in the same capacity for the Norwich Inn and Spa in Norwich, CT, and several other hotel properties.

"Jonathan has extensive experience as both a controller and financial director for individual hotels and multiple-property companies," said Hostettler. "His thirty years of experience have provided him with a deep understanding of the hospitality industry, and make him a valuable addition to our team."

His hospitality postings have been primarily finance related following an early career introduction to the industry as a food and beverage director.

Norton holds an undergraduate degree from Boston College's School of Management. He is a past president of and still serves on the Board of Directors of the Connecticut Chapter of Hospitality, Financial and Technology Professionals and is presently Chairman of the Education Committee for the Connecticut Lodging Assn.

The Ocean House is located on a private stretch of beach on Little Naragansett Bay in Watch Hill, Rhode Island with views of the Atlantic Ocean, Montauk and Block Island. Originally opened in 1868 as a seasonal resort, the new year-round hotel and residence will open in June 2010 and will provide guests and residents with a luxurious seaside resort experience. Inspired by the Victorian architecture prevalent in the local homes and in the historic hotels of the early 20th century, the Ocean House evokes a timeless elegance that captures spirit of coastal New England and its historic beachside communities, but comes with all of the amenities of a world-class luxury resort.

Residents and hotel guests at the Ocean House will enjoy world-class services and exceptional amenities, including world class "farm to table" cuisine, and a private 1,000 foot expanse beach. The 12,000-square-foot OH! Spa features a state-of-the-art fitness center, ocean front lap pool and a yoga and exercise studio. The Ocean House will also feature over 10,000 square-feet of indoor and alfresco events space to accommodate private gatherings, corporate retreats, business conferences and weddings.

About the Ocean House

Developed by Bluff Ave., LLC and decorated by Niemitz Design Group, the Ocean House is located on Little Naragansett Bay, overlooking the Atlantic, in the picturesque seaside town of Watch Hill, Rhode Island and features 49 luxury guest rooms and 23 private residences. Opening in June 2010, the Ocean House will cater to leisure and business travelers seeking a serene, luxury beachfront resort. The Ocean House is a member of Preferred Boutique, the elite collection of intimate hotels and resorts launched in 2005 by Preferred Hotel Group. Unique by design, the Preferred Boutique collection of hotels and resorts celebrates distinctive travel experiences that showcase style, service and personality on an intimate scale. Since its debut, the brand has rapidly emerged as the name that defines the boutique hotel experience for travelers - personalized service, memorable experiences, intimate surroundings and the highest level of quality.

Strategically located between New York and Boston, the Ocean House is a 2 1/2 hour drive from New York and 1 1/2 hours from Boston, providing easy access to their international airports, as well as additional local airports and train stations. For additional information about the Ocean House or to inquire about visiting the model guest room and private residences, please call (401) 315-5599 or visit http://www.oceanhouseri.com.

MEDIA CONTACTS:

Rebecca Widness

Widness & Company Public Relations

T: 646-375-2239

E: [email protected]

Dinah Saglio

The Ocean House

T: 401-315-5599

E: [email protected]