Krisam Adds Four Upscale Resorts

Achieves 42% Year-over-year Revenue Growth Among Existing Resort Members

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. October 14, 2008

WASHINGTON, DC, December 17, 2007. Krisam Group, the pioneering hotel membership company for independent and unique hotels worldwide, announced that it has added four independent resort hotels to its portfolio. The additions give Krisam more upscale resort group inventory than any other U.S. hotel membership company, with more than 100 resorts in all. In addition, the company said it generated more than 42% more revenues for its resort properties year over year through the first three quarters of 2007. Krisam anticipates that high-end resorts will be among the leaders in group bookings in 2008.

The new hotels are: The Sundance Resort, Sundance, Utah; the Resort at Pelican Hill, Newport Coast, California; the Teton Springs Lodge & Spa, Victor, Idaho; and Carefree Resort & Villas, Carefree, Arizona;

Jim Schultenover, President of Krisam, said, "We are delighted to announce the addition of four exceptional new hotels to the Krisam portfolio, bringing to more than 100 our resort properties that share a commitment to the highest quality in serving the group market." He concluded, "Based on our resorts' performance in 2007 and anticipated trends going into 2008, we expect resorts focused on the group market to have continued strong demand - and we look forward to helping to drive group revenue for each of our distinctive resort members."

Krisam Group has more than 220 hotels and resorts in all fifty states, as well as Europe, Mexico, Latin America, the Caribbean and French Polynesia. Each Krisam hotel is selected for membership based upon its high quality guest experience, distinctive identity and offerings in the local market, and its ability to provide outstanding experiences for groups of varying sizes and needs.