Wyland Waikiki Hotel Opens

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. October 14, 2008

WAIKIKI, HI, April 20, 2007. A traditional Hawaiian blessing, led by Hawaiian cultural advisor Ka'ipo Ho, was held today for hotel executives and employees signaling the reopening of the The Wyland Waikiki following the completion of renovations valued at tens of millions of dollars.

Located at 400 Royal Hawaiian Avenue and fronting Kuhio Avenue, the property offers 405 rooms and suites in three buildings and is central to the activity, entertainment, and shopping that Waikiki has to offer. An investment group led by Lodging Capital Partners, LLC, of Chicago recently awarded Outrigger Enterprises Group a contract to manage the hotel.

"We are pleased to report that The Wyland Waikiki is open for business and taking reservations," said David Carey, president and CEO of Outrigger Enterprises Group. "It's a gem of a property, beautifully upgraded and quite unique to Waikiki in the contemporary styling of its interiors. We are confident that it's going to achieve a strong following."

The extensive renovation has created a boutique-style hotel with chic interiors inspired by the iconic art work and conservation themes of world-renowned marine life artist Wyland. It is also the first artist-themed hotel in Hawaii.

The lobby greets guests with a sense of tranquility from the ocean-hued color scheme to the sleek and stylish contemporary furnishings. It is aliving art studio with a collection of Wyland's paintings, photographs, and sculptures. Here, guests will also find large flat screen televisions throughout, the Wy-Bar lounge overlooking the pool, a comfortable library with reading materials, a "chill" room where guests can relax, read or watch TV, and a complimentary business center with two 24" iMac computers with high-speed Internet and printers. The property also offers two renovated pools and a whirlpool spa. A signature restaurant, specialty coffee shop, day spa, and fitness center are slated to open over the next few months.

All 405 guestrooms and suites offer pillow top beds adorned with Wyland designed motifs on the throw pillows and bed skirts. The contemporary style rooms feature designer wood furnishings, 26" flat panel high-definition flat screen plasma televisions, iPod compatible alarm clocks, high-speed Internet access, Wyland artwork, complimentary in-room safe, refrigerator, coffee maker, and furnished balcony. Many rooms also include a microwave and sink.

In celebration of the hotel's opening, The Wyland Waikiki is offering travelers a special "Wy-Wait Room and Breakfast" package starting at $169 per room/night (exclusive of tax) based on room category. Rates are based on double occupancy and include complimentary daily breakfast for two at theIHOP Waikiki located just across the street from the hotel. Offer subject to available and restrictions may apply. Rates are valid through November 30,2007.

The Wyland Waikiki will operate as its own hotel brand within the Outrigger portfolio while enjoying the global sales and marketing, advanced technology, and operations and management expertise Outrigger has developed over the past 60 years. For reservations or more information, call The Wyland Waikiki at 866-346-4679 or visit www.wylandwaikiki.net.