KSL Names Peter Faraone as VP and GM The Homestead

Hot Springs, Virginia

. October 10, 2009

HOT SPRINGS, VA, September 30, 2009 - Peter Faraone, a hospitality industry veteran and decades-long Virginia resident, has been tapped to lead the nation's most storied resort destination, The Homestead, located in Hot Springs, Va. Owned and operated by KSL Resorts, The Homestead has been welcoming guests, including 23 U.S. Presidents, since 1766.

Scott Dalecio, president and CEO of KSL Resorts, commented, "We're truly delighted to welcome Peter back to the KSL family, and to The Homestead. We admired his drive and talent during his first term of service with KSL more than 10 years ago, and have followed his successful career with interest ever since." "Peter is an ideal choice to lead this legendary resort," Dalecio continued, "due to his skills in operations and communications, his passion for the Virginia countryside, and his ability to inspire and motivate staff."

Faraone served most recently as managing director of the Lansdowne Resort, in Virginia. Prior to his post at the Lansdowne, Faraone held positions with leading hospitality brands including The Ritz-Carlton Hotel Company, Intercontinental Hotels, KSL Resorts, and Marriott Hotels. Positions at Ritz-Carlton, with which Faraone worked for more than 10 years, included his role as GM of the Ritz-Carlton Tyson's Corners. At KSL Resorts, he served as vice president of sales, and was instrumental in developing KSL's first national sales force during a period when the company was expanding its portfolio of destination resorts.

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