Sandestin Investments Taps Highgate to Manage New Sandestin Hotel and Conference Center

USA, Miramar Beach, Florida. May 28, 2018

Sandestin Investments, LLC has announced Highgate,
a premier real estate investment and hospitality management company
whose growing portfolio includes more than 100 properties worldwide,
will manage the newly developed Sandestin Hotel and Conference Center.

"Highgate was selected for their breadth of experience operating
hotels across the U.S. and abroad," stated Sara Becnel, Executive
Director, Sandestin Golf and Beach Resort. "We know their expertise will
allow the Sandestin Hotel and Conference Center to realize its highest
potential and value while providing our guests with a truly unique
experience."

The new Sandestin Hotel and Conference Center
will be a 250-room full-service hotel and conference center located
adjacent to the Baytowne Conference Center at Sandestin Golf and Beach
Resort. This four-star hotel is the first new development within
Sandestin Golf and Beach Resort in over 4 years. Construction will
commence in August 2018 with completion projected for April 2020.

"Highgate is thrilled to be managing this new, full-service hotel
that we expect will be something very special within the Sandestin Golf
and Beach Resort and community," said Steve Barick, Chief Operating
Officer, Highgate. "We are confident this hotel and its state-of-the-art
meeting and event space, plus the existing resorts' abundant conference
facilities, will make this a first-class, group and meetings
destination option, and we are excited to be a part of it."

The new full-service hotel will include a three-meal restaurant, a lobby bar, room service, a luxury spa, a fitness facility, a signature rooftop pool and bar allowing Sandestin Golf and Beach Resort to better meet the needs of our leisure traveler as well as expand our group business. Guests of the hotel will have access to the many amenities offered by Sandestin Golf and Beach Resort including more than seven miles of beaches and pristine bayfront, four championship golf courses, 15 world-class tennis courts, a 113-slip marina.

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