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HOTEL EXECUTIVE

Coastal Hotel Group is Preferred Management Company for Starwood

. October 14, 2008

NEW YORK, NY, July 26, 2005. Coastal Hotel Group has been designated by Starwood Hotels & Resorts Worldwide as a Preferred Management Company for its four franchise brands -- Luxury Collection, Westin, Sheraton, and Four Points. With this designation, Starwood will recommend Coastal Hotel Group to franchise hotel owners and developers to manage their properties.

Among Starwood's Preferred Management Companies, Coastal Hotel Group is uniquely qualified. The senior leadership team of Yogi Hutsen, President and CEO; Peter LaFemina, Chief Financial Officer; and Ed Schwitzky, Senior Vice President, Sales & Marketing combines for over 60 years experience managing Starwood hotels and resorts across all brands.

As a Preferred Management Company for Starwood, Coastal Hotel Group is committed to making the properties it manages leaders in their respective markets and to delivering management expertise specific to Starwood's highly regarded brand service and quality standards. Starwood's inaugural Preferred Management Orientation, in which Coastal Hotel Group participated, is yet another of its many successful industry-leading initiatives.

Says Yogi Hutsen, Coastal Hotel Group's President & CEO, "The alliance of Coastal Hotel Group, as a Preferred Management Company for Starwood, with franchise ownership is a perfect fit with our company's overall philosophy and mission. Ultimately it's a commitment to providing an excellent product and exceptional service to achieve bottom-line results ... for our owners, our customers, and our associates."

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