Aqua Names William Farnsworth Jr. VP of Finance, Hotels & Resorts

. October 14, 2008

HONOLULU, HI, January 21, 2009. Aqua Hotels & Resorts promoted William "Bill" Farnsworth Jr. to Vice President of Finance. Formerly Aqua's Director of Finance, Farnsworth will direct and oversee all aspects of the company's financial and accounting activities.

"Bill has worked tirelessly the past 2 years updating our financial systems, working with hotel owners on their financial planning and forecasting and administering to the daily needs of Aqua's accounting team," said Mike Paulin, owner and CEO of Aqua Hotels & Resorts. "He is a tremendous asset to our team."

With more than 30 years experience in the hospitality industry, Farnsworth has held executive positions as CFO and SVP Operations for multi-property hotel companies. His extensive hospitality industry knowledge includes hotel, condotel, resort and timeshare mixed-use operations, food and beverage management, condominium homeowner association administration, project and facilities management, procurement and development. Before joining Aqua, Farnsworth spent many years with Rockresorts at their five-star destination resorts in the Caribbean, New England, Wyoming and Hawaii.

Farnsworth received his B.S. degree in hotel administration from Cornell University and his M.B.A. degree from the University of Hawaii.

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