MEDIA CONTACTFORAQUA HOTELS& RESORTS:

SandiYara

Em:[email protected] Ph:808-221-2759(Hawai‘iStandardTime) BenjaminRafter PresidentandCEO

BenjaminRafterwasnamedPresidentandCEOofWaikiki-basedAquaHotels&Resortsin November2008. Thecompanycurrentlyoperates16hotelsundertheAquaBoutiqueand Litebrands.Inthisposition,Rafterischargedwithadvancingthecompany’sglobalgrowth strategy.

“Benisagenuinerisingstarinthehospitalityand technologyindustries,contributingabroadrangeof leadershipexperiencetotheAquateam,”saidPaulin.“His backgroundsaysitall,ashehasco-foundedorled e-commerceandtravelcompaniesinSeattle, LasVegasand Honolulu.Heworkedinmarketinganddistributionat WestinHotels&Resortsandhisrelationshipswith Cambridge TechnologyPartnersandWasserstein&Co. haveprovidedhimabroadviewofcorporateAmerica.”

“Beniswellequippedtodealwiththechallengesof Hawaii’severchangingandcompetitivemarketplace.He sharesourvisionthatAquaisonitswaytobecominganinternationalbrandrenownfor serviceandculturalauthenticity.Hisappointmentallowsmetoexpandmyroleworking withourhotelownersanddeliveringonAqua’sservicestandardsandpromisestoour customers,”addedPaulin.

Rafterhasspentmorethan15yearsguidingsuccessfultechnologyandtravel companies.Hehascreatedglobalinnovationcenters,actedasaprincipalstrategistfor Fortune500andstartupcompaniesandfoundedthrivingcompaniesofhisown.

Mostrecently,hewaspresidentandCEOofJetAway/Travelworm,aLasVegas-based onlinetravelretailerfocusingoncasinoandleisurevacationmarketsacrosstheUnited States.PriortoTravelworm,RafterwasCEOofGet2Hawaii,aHonolulu-baseddynamic packagingtechnologycompanyandonlineaggregatoroftravelinventory.Previously RafterdirectedCambridge TechnologyPartners’InnovationCenterandNewCoSolutions practices.In1996,heandtwopartnersfoundedInnerlinx(renamed LiveBid)whichwas acquiredbyAmazon.com.Hebeganhiscareerinthemarketinganddistributiondepartment ofWestinHotels&Resorts.

-30- William“Bill”Henderson

VPofDevelopmentofAquaHotels

William“Bill”HendersonjoinedAquaasVicePresidentofDevelopmentinlate2007.

“ThisnewpositionwascreatedtoincreaseexpansionandgrowthoftheAquaBrand,”said MikePaulin,ownerandCEOofAquaHotelsResorts.“WeareveryfortunatetohaveBill onboard.HisoutstandinghistoryofhospitalitysuccessesinHawaii,includingalong associationwithOutriggerHotels&Resorts,isunrivaled.”

HendersonfocusesonaddinghotelstoAqua’sthreebrands: Lite–representingthecompany’svalueproduct,Aqua Boutique–selectgroupofaffordableupscalepropertiesand AquaResort–resortboutiquehotels.

ImmediatelypriortojoiningAquaHotels,Henderson providedconsulting servicesfortheOceanNetwork(anew "startup"televisionchannelinHawaii),particularlyfocused ondevelopingrelationshipswithvariousgroupsinvolvedin advocacyforHawaii’soceansandreefs,includingNational OceanandAtmosphericCondition(NOAA),Castle Foundation,CoconutIsland,andOfficeofHawaiianAffairs.

Hendersonbringsover30yearsofmarketinganddevelopmentexpertisetoAqua.His resumeincludespositionsasimmediatepastVPBusinessDevelopmentforOutriggerHotels &Resortswhereheplannedandleddiversificationeffortthatresultedintransformationofa companythatoperated20hotels(18inWaikiki)with7,000roomsinHawaii,toaPacific- wideregionalchainwith55hotels/resortsopenorunderconstruction,withmorethan12,000 roomsthroughouttheHawaiianIslands,Australia,NewZealand,Fiji,Guam,Palau,Majuro, FrenchPolynesia,andBali.

Othersenior-levelpositionswithintheindustryheldbyHendersonincludeSeniorVP MarketingandCustomerServicesforHawaiianAirlines,VPMarketingandSalesforAloha AirlinesandRegionalVPforColonyHotels.

HendersonreceivedhisBAMath/EconomicsfromDukeUniversityandhisMBA Marketing/FinancefromtheUniversityofHawaii.

-more- William“Bill”Henderson VPofDevelopmentofAquaHotels Page2

Hehasadistinguishedmilitaryservicerecord,havingservedintheU.S.MarineCorpsas Captain-InfantryandIntelligenceandawardedtheSilverStar,NavyCommendationMedal w/combatV,PresidentialUnitCitationandNavyUnitCitation.

Throughouthiscareer,Hendersonhasbeenactiveandinvolvedinthevisitorindustryandthe community.HehasservedonboththeMarketingandResearchcommitteesfortheHawaii Visitors&ConventionBureau;MarketingAuthorityandBoardofDirectorsforPacificAsia TravelAssn(PATAinternational);BoardofDirectorsofInternationalHawaiianCanoe Assn;BoardofDirectorsoftheAustralia-HawaiiChamberofCommerce;AirlineCommittee fortheGuamVisitorsBureau;AirlineCommitteeforthe Tahiti TourismBureau;adjunct teacherofMarketingatHawaiiPacificUniversity;andStrategicMarketingandResearch InstructorforExecutiveDevelopmentInstituteforTourismprogramatUniversityofHawaii

“TherearenumerousopportunitiesthroughoutHawaiiandBillknowsexactlywhatAquais lookingfortocomplementourportfolio,”addedPaulin.“Hisdevelopmentacumenand invaluablerelationshipsinthebusinesscommunityaresuretoadvanceAqua’sgrowth objectivesasHawaii’sonlyboutiquehotelchain.”

-30- ElizabethChurchill VPSales&Marketing

Elizabeth(Beth)ChurchillwasnamedtothepositionofVicePresidentSales&Marketing inMay2007.

ChurchillhasbeenwithAqua since2005andwasmost recentlyVPMarketing&GuestServices,responsiblefor strategicmarketingandadvertising,eCommerceinitiatives, guestservicesaswellasdevelopmentofnewproject acquisitions.Inherexpandedrole,Churchillalsodirects theglobal salesandrevenuemanagementinitiativesfor Aqua’s16Hawaiiproperties.

PriortojoiningAqua,Churchillwas ExecutiveDirectorfor thenon-profitHawaiiStateConsortiumforIntegrative HealthcareandSeniorProjectManagerinchargeof developingHawaii’shealthandwellnesstourismforthe StateofHawaii.

ChurchillalsoworkedasInternationalSalesandMarketingManagerfortheUSS Missouri MemorialAssociation,RegionalDirectorPacificforReed TravelGroup–theworld’s largesttravelpublishingcompanyandMediaSupervisoratPeckSimsMuellerAdvertising agency.

ActivelyinvolvedinboththeinternationalandHawaiitravelindustry,Churchillwaspart ofthePacificAsia TravelAssociation’s(PATA)ResponsibleandSustainable Tourism Committee,pastpresidentofthe Travel& TourismResearchAssociation–Hawaii Chapterand Educationand EnvironmentalChair,PATAHawaiiChapter.

ChurchillreceivedherBachelorofSciencedegreefromSyracuseUniversity,Syracuse, NewYork.

-30– Michael(Mike) Paulin ChairmanandFounder

MichaelPaulinistherecognizedfoundingfatherofthe“Condotel”resortconceptin Hawaii,andcurrentlythe“seniorlodgingindustryexecutive”inWaikiki,activelyinvolved inHawaii’svisitorindustryforover40years.

1964 –FollowinggraduationfromtheUniversityof SouthernCaliforniaand,togetherwithLosAngeles-based entrepreneurPeterUeberroth,Paulinpurchasesatravel agencyinLosAngelesandbeginstomerchandisevacation homesandapartmentsinHawaiiastravelpackages. This ventureeventuallyleadstotheformationofColonyHotels in1969andPaulin’srelocationtoHawaiiin1971.

1976 –Colony,specializinginresortcondominium management,expandstobecomeHawaii’sfourthlargest hotelandresortmanagementcompanyandlaterissoldto CarlsonCompanies.

1978 –PaulinjoinsforceswithlegendaryHawaiihotelierAndreS. Tatibouettohelp createAstonHotels&Resorts.ItquicklybecomesHawaii’slargesthotel/condominium managementcompanyandoneoftheworld’slargestoperatorsofaccommodations.

1987 –PaulinleavesAstontocreatehisownmanagementcompany, MarcHotels&Resorts, specializinginresortcondominiummanagementandoperatingtheburgeoningall-suitehotels includingEmbassySuitesonMauiandKauai.

1997 –Overthecourseoftenyears,PaulingrowsMarcintooneofthelargesthoteloperators inHawaii,managing22propertiesthroughouttheHawaiianIslands.In1997Paulinsells Marc toSunterraandremaineditsCEOfor3years.

2001 –PaulinfoundsAquaHotels&Resortstomanageandoperatehotelsandanew hybridofhotel-condominiums,commonlyknownas“Condotels”,withthepurposeof creatingHawaii’sfirstchainofboutiquehotels.Overthenext8yearsAquagained prominenceasHawaii’sonlyBoutiqueHotelchainand,togetherwithits Litebrand, operates12hotelsinWaikiki.

-more- Michael(Mike)Paulin ChairmanandCo-Owner Page2

2008 –Forthesecondyear,AquaHotels&Resortsisrankedthe#8‘Fastest50’ growingHawaiiCompanybyPacificBusinessNews.

Thissameyear,Paulinexecutesthefinaldetailsofthe EmployeeStockOwnershipPlan thatconvertsAquaintoHawaii’sfirst‘employee-owned’hotelcompany. This significant achievementmakesitpossibleforAqua’s500employeestobecome‘co-owners’ofthe growingWaikiki-basedhotelcompany.Alsoin2008,PaulinappointsBenjaminRafteras PresidentandCEOofAquaandchargeshimwithadvancingthecompany’sglobalgrowth strategy.PaulintakesontheroleofCo-ownerandChairman.

2009 –Aquaexpandsitspresencetotheneighborislandswhereitoperatesdeluxeboutiques inWailea,Maui;Kaunakakai,Molokaiand Lihue,Kauai.

Forthethirdyear,AquaHotels&Resortsisrankedin‘Fastest50’growingHawaii CompanybyPacificBusinessNews.

Paulinhasbeeninternationallyrecognizedforhisworkservingaschairmanoftheworld’s largestpublic-privatetourismorganization--thePacificAsia TravelAssociation(PATA) andawardedtheprestigiousPATA LifeMembershiphonor.In1996,Hawaiihotel industrycolleaguesthroughoutthestatehonoredPaulinbynaminghimchairmanofthe HawaiiHotelAssociation.HeisafrequentguestlecturerattheUniversityofHawaii.

-30-

AQUA HOTELS & RESORTS – TIMELINE

2001

Aqua Hotels & Resorts is a locally owned and operated management company and a leader in hotel-condo transient rentals and conversions. Owner and sole managing member. Michael V. Paulin is one of Hawaii's most honored hotel operators and is a recognized authority on hotel- condo conversions.

In 2001, Paulin formed Aqua Hotels & Resorts, LLC with the purpose of creating Hawaii’s first chain of boutique hotels.

Aqua Waikiki Marina, formerly Outrigger’s Ala Wai Tower and Ala Wai Terrace, was added in August 2001. December 2001, Aqua assumed management of the Aqua Bamboo & Spa, (formerly managed by Marc Resorts as Waikiki Marc).

2004

Aqua transitioned Aqua Aloha Surf & Spa management from Aston (ResortQuest) in 2004.

2005

The Aqua Boutique Collection was launched focusing on service, style and value for today’s savvy travelers. The Aqua Boutique Collection features lifestyle amenities comprising the seven pillars of the Aqua brand – AquaSPA, AquaFIT, AquaFRESH, AquaKIT, AquaCONNECT, AquaSTART and AquaPROMISE.

August – After a blessing and soft opening, the 260-room Aqua Palms & Spa officially opened for business, nearly a year after Aqua Hotels & Resorts took over management of the property.

2006

The Aqua Lite Line was introduced to represent the company’s transitional and best-rate product.

January 16 – Aqua signed a contract to manage the former “Mauka Tower” of the ResortQuest Waikiki Beach Hotel. Later Renamed Ocean Tower Waikiki then Hotel Renew, the property completed a major renovation upgrade.

- more -

Timeline, continued

January 20 – Aqua added a seventh property to its Waikiki portfolio by assuming management of the 143-room Continental Surf Hotel. Renamed Aqua Continental, it was most recently operated as an independent hotel.

January 26 – Aqua was named to manage the Coral Reef Hotel, a 247-room property that was owned by Andre S. Tatibouet since 1973. The hotel completed a major renovation at a total cost of over $7 million and was renamed Aqua Waikiki Wave.

September 14 – Aqua welcomed the 67-room Hawaii Polo Inn as the company’s ninth Waikiki property. (Later renamed The Equus – an Aqua Boutique Hotel).

October 9 – Aqua added Island Colony to its expanding Waikiki inventory. (Renamed Aqua Island Colony). This addition made Aqua the fastest growing Waikiki hotel chain in 2006 – adding five properties and doubling its portfolio.

December 14 – Aqua was awarded the management contract for the 80-room Coconut Plaza Hotel by 3D Investments, LLC, a California-based real estate investment firm with significant holdings in Hawaii. (After a complete renovation in 2008, the hotel was renamed Aqua Coconut Waikiki).

2007

Aqua Hotels & Resorts was ranked the #8 ‘Fastest 50’ growing Hawaii Company by Pacific Business News.

2008

January 29 – Aqua was awarded the management contract for the 80-room Waikiki Beachside Hotel by its owners, RKL Beachside, LLC of Honolulu, Hawaii. Renamed Aqua Waikiki Beachside, the transition was effective on February 12 and increased Aqua’s presence in Waikiki to 11 hotels.

March 26 – Ramsfield Hospitality Finance selected Aqua to manage the Honolulu Prince, increasing the company’s inventory to 12 hotels in Waikiki. (renamed Aqua Waikiki Pearl).

June 27 – Masanori Sasada, Chairman of Sasada International LLC, announced the selection of Aqua Hotels & Resorts, to provide management services for Park Shore Waikiki Hotel.

August 22 – Aqua Hotels & Resorts joined Best Western International to offer travelers the only Best Western hotel in Waikiki – the Best Western Coconut Waikiki.

September – Mike Paulin executed the final details of the Employee Stock Ownership Plan that converts Aqua into Hawaii’s first ‘employee-owned’ hotel company. This significant achievement made it possible for Aqua’s 500 employees to become ‘co-owners’ of the growing Waikiki-based hotel company. - more -

Timeline, continued

November – Paulin appointed Benjamin Rafter as President and CEO of Aqua and charged him with advancing the company’s global growth strategy. Paulin has taken on the role of Chairman and Founder.

For the second year, Aqua Hotels & Resorts was ranked the #8 ‘Fastest 50’ growing Hawaii Company by Pacific Business News.

2009

January 1 – Aqua expands to the neighbor islands with their first property in the resort destination of Wailea, Maui – Diamond Wailea Resort & Spa.

June 15 – Black Diamond Hospitality renames Diamond Wailea Resort to Hotel Wailea Maui.

July 1 – Aqua to rebrand 53-room Hotel Molokai as Aqua Hotel Molokai.

July 21 – Aqua announces landmark Ilikai hotel to reopen on July 24, managed by Hotel Management Services, LLC – a subsidiary of Aqua Hotels & Resorts.

July 2 – Aqua named to manage 350-room Hilton Kauai Beach Resort. And, as of January 1, 2010, the Hilton flag will be removed and Aqua will also market the resort.

December 1 – Aqua adds Maile Sky Court Hotel in Waikiki.

2010

January 1 – Aqua now managing and marketing Kauai Beach Resort.

May 15 – Aqua adds Hotel L na‘i.

October 14 - Pagoda Management Services, LLC., an affiliate of Aqua Hotels and Resorts, was retained by Peter Savio to manage the Pagoda Hotel & Floating Restaurant.

December 6 – Aqua welcomes addition of the 312-room Queen Kapiolani Hotel.

2011

January 31 – Aqua Hotels & Resorts introduces new “beach boutique” concept. Known for carving out the boutique hotel niche in Hawaii, Aqua further differentiates the brand by introducing a new “beach boutique” concept that consumers will and experience when checking in at several Aqua properties.

- more -

Timeline, continued

July 18, 2011 - Aqua Hotels & Resorts was named to manage 51-room Lotus at Diamond Head The hotel is renamed Aqua Lotus Honolulu and leads the Aqua Boutique Collection. One of Waikiki’s first full-service boutique hotels, the Aqua Lotus Honolulu was previously marketed as the hip “W Honolulu”.

August 11 - Aqua Hotels & Resorts celebrates 10 years of hospitality

August 28 – Aqua hotels affiliate named to manage The MODERN Honolulu, formerly The Waikiki-Edition

Currently, Aqua’s chain-wide inventory of unique properties is located exclusively in Hawaii with locations on Oahu, Maui, Molokai, Lanai and Kauai offering Aqua Boutique and Aqua Line brands.

Aqua Boutique Collection Aqua Aloha Surf & Spa Aqua Bamboo & Spa Best Western Coconut Waikiki Hotel Aqua Lotus Honolulu Aqua Palms & Spa Aqua Waikiki Pearl Aqua Waikiki Wave Ilikai Hotel & Suites Queen Kapiolani Hotel The MODERN Honolulu (photo)

Neighbor Islands Hotel Wailea Maui Aqua Hotel Molokai Kauai Beach Resort Hotel L na‘i

Aqua Lite Line Island Colony Hotel Pagoda Hotel Park Shore Waikiki Maile Sky Court

Visit www.aquaresorts.com for more information about the company and individual hotels.

- end -

Media contact: Sandi Yara SANDI YARA COMMUNICATIONS Email: [email protected] updated 8/11 2011 AQUA PACKAGES

Aqua Five-O Special In conjunction with the remake of the classic hit TV show, Hawai‘i Five-0, Aqua Hotels & Resorts is offering an “Aqua Five-O Special” at 12 of their Waikiki hotels throughout 2011. $50 for the first night, with a minimum 3 night’s stay. Additional nights start at $119 at Aqua Boutique hotels and $89 at Lite properties

Snooze-N-Crooze Snooze -N- Crooze with a compact car from Dollar Rent A Car and complimentary daily parking – a savings of up to $22/day. Or for the more daring traveler, Take Your Top Off….Upgrade to a convertible.

SPA-licious This package includes a choice of two 50-minute massage therapies (Swedish, Lomi Lomi, Shiatsu or Reflexology). 3 night minimum stay required.

No Commitments Wedding Program No contracts – Aside from our standard cancellation policies** (24 hours prior to arrival date), you aren’t bound to any contracts. No minimums – Whether you need 5 rooms or 50, we can help you find the Aqua hotel that’s perfect for your wedding party. No hassles – Your guests can book via our website. We will also provide you with a link to place on your wedding webpage.

In addition, Aqua will provide you with a discounted group rate. With an array of complimentary services and amenities, Aqua is the affordable choice for you and your wedding party.

HOTEL SPECIALS

Park Shore – Waikiki Ocean Family Promotion At $119 per night for an ocean view room plus the added value family amenities: Admission to the Waikiki Aquarium for up to four persons (2 adults and 2 children or 1 adult and 3 children) Two Hawaiian Fun Gift Totes with a snack size assortment of sea animal crackers (mano – shark, naia – dolphin, kohola – humpback whale, hee – octopus and opah – moonfish), baked fresh in Hawaii, plus a fluffy sea animal toy from local cookie manufacturer Diamond Bakery

Hotel Wailea Maui – Maui Ocean Divas Stay with your best girlfriends at Maui’s only boutique hotel and hone your kiteboard and stand-up paddleboard skills from the island’s best and perfect your yoga poses with private instruction. After all the exercise, you’ll unwind with facials and pedicures. What’s included: Three days of private kiteboarding lessons with a patient, knowledgeable, professional instructor. Three mornings of outdoor private yoga classes One – 1 hr SUP (Stand up paddle) lesson Facial & Pedicure Four night accommodations at Wailea’s only boutique hotel, the Hotel Wailea.

Pricing Starts at $1899 per person (based on double occupancy) Contact Hotel Wailea’s in-house kiteboarding specialists at 808-874-0500 for more details.

OTHER

Aqua’s Pet-friendly Hotels in Waikiki and Molokai. Aqua Waikiki Pearl and Aqua Waikiki Wave welcome dogs up to 40 pounds. Upon arrival, the staff provides furry friends with tail-wagging treats, in-room food & water bowls, doggie liners, doggie bed and a toy for dogs to take home. For guests’ convenience, the second floor is the designated pet-friendly floor, allowing for those quick walks around Waikiki.

To keep the hotel safe and clean for your four-legged travel companions, the both hotels require a small fee of $25 per night, with a $100 deposit that is refundable upon checkout after inspection of the room. NOTE: Maximum 2 dogs per room with additional $25 per night fee and additional $100 deposit for the second dog, refundable upon checkout after inspection.

Aqua Hotel Molokai accepts dogs; cats up to 15 lbs. Pets must be caged while in the room. Ground floor rooms are used. To keep the hotel safe and clean, there is a, $35 per night fee, with a $100 refundable deposit after room inspection.

Guest room rates vary at each hotel.

Unless otherwise noted, book online or call Aqua toll free from the U.S. and Canada at 1-866- 406-2782. From Hawaii, call 808-924-6543.

For more information, visit www.aquaresorts.com. AQUA CELEBRATING 10 YEAR ANNIVERSARY Aqua Hotels & Resorts entered the Hawaii hotel scene in 2001 when hotelier Mike Paulin began offering a small, intimate hotel e xperience with a strong focus on customer service. Within several years Aqua acquired newly renovated hotels and launched the Boutique Hotel concept in Waikiki, recognizing Waikiki’s urban resort roots through its “Beach Life, Urban Vibe” branding initiatives. This new hotel option in Waikiki quickly grew to become a favorite choice among travelers and Aqua soon became Hawaii’s leader in the boutique hotel market.

As Aqua expanded to the neighbor islands, it continued to garner recognition as the boutique hotel expert and introduced the Beach Boutique concept – a new idea featuring the intimacy of traditional boutique hotels within the leisure setting of a resort destination.

Headquartered in Waikiki, Aqua is Hawaii’s first employee-owned hotel company since executing an Employee Stock Ownership Plan in 2008.

Celebration special for consumers: In celebration of this milestone event, residents and Hawaii-bound travelers were offered a $10 room special.

Consumers who book their stay of 3 or more nights at any of the 16 participating Aqua managed hotels and resorts on Oahu, Maui, Molokai and Kauai pay just $10 for their first Ñ¿¸«: night with additional nights at the Best Available Rates posted online at Aqua Aloha Surf & Spa www.aquaresorts.com. Aqua Bamboo & Spa Aqua Lotus Honolullu Named Aqua’s 10th Birthday Special, the offer isvalid for reservations booked by Aqua Palms & Spa August 31, 2011 for stays August 11 until December 22, 2011. Aqua Waikiki Pearl Aqua Waikiki Wave Best Western Coconut Waikiki Hotel Guests in-house on August 11 can enjoy Aqua Birthday Cake during the Manager’s Ilikai Hotel & Suites Receptions taking place at Aqua Aloha Surf & Spa, Aqua Bamboo & Spa, Aqua Palms & Island Colony Hotel Spa, Aqua Waikiki Wave, Best Western Coconut Waikiki Hotel, Hotel Wailea Maui and Maile Sky Court Kauai Beach Resort. Pagoda Hotel Park Shore Waikiki Queen Kapi‘olani Celebration special for travel agents: From July 1—31, 2001, travel agents booking White Sands Hotel rooms at Aqua Palms & Spa for stays through December 22, 2011 receive a $10 bonus per night for each materialized booking (maximum $50 per booking). The offer is valid Ó¿«·: Hotel Wailea Maui for Best Available Rate bookings made via GDS only, with bonus payment made to Ó±´±µ¿·æ Aqua Hotel Molokai agents within 30 days of client check-out.

Ô¿²¿·æ Hotel Lanai The Aqua Palms & Spa is an island-inspired boutique hotel with many amenities including on-site AquaSPA, workout room and restaurant. The 262 rooms include Õ¿«¿·: Kaua‘i Beach Resort luxurious 1-bedroom suites (pictured below), ideal for families and business travelers.

SUMMER 2011 WHAT’S NEW …

Aqua adds Lotus at Diamond Head, effective July 18, 2011 Renamed Aqua Lotus Honolulu, the hotel was one of Waikiki’s first full-service boutique hotels.

Previously marketed as the hip “W Honolulu”, the hotel remains stylish and sleek with beautifully appointed Asian inspired furnishings and relaxed ambiance. (see photos below)

Owners N2885 LLC have committed to invest $1 million in renovations and upgrades that will return the hotel to 4-star status.

Planned refurbishment of the guest rooms and common areas will enhance the hotel’s elegant décor and vibe. Another feature of the renovation is re-opening of a contemporary new restaurant and lounge. Renovation work will take place during the day when guests are out exploring and enjoying Oahu.

There will be no interruption of service as Aqua transitions reservations already in the system.

Kaua‘i Beach Resort — Cultural Calendar Kaua‘i Mokihana Festival - a M lie Foundation event, September 22 - 25

Each year this festival offers a full week of hula, music contests and workshops with a schedule of Hawaiian cultural events that include musical performances, a composers contest and concert, film fest and 2 days of memorable and exciting hula competitions.

Music at Queen Kapi‘olani Hotel Live Hawaiian music is featured every Friday & Saturday from 6:30 – 8:30 pm at Kulana Terrace.

Pupu (snack) menu and bar service is available.

Aqua Bamboo & Spa suites updated (photo at right) Luxury 1-bedroom suites with private 595 sq. ft. lanai now feature BBQ grill; teak furniture (photo at right) including lounge chairs, dining table and chairs; tiki torches and tiki hut seated covering. Rates start from $329 per night.

Pagoda Hotel becomes pet friendly Pagoda Hotel joins Aqua Waikiki Wave, Aqua Waikiki Pearl and Aqua Hotel Molokai as a pet-friendly hotel.

A maximum of 2 dogs, weighing no more than 40 lbs. each are allowed per room. The fee is $25 per night and, to keep the hotel safe and clean for your four-legged travel companions, Pagoda Hotel also requires a $100 deposit that is refundable upon check-out after inspection of the room.

Page 2 2011 SUMMER Coonnttaacctt:: [email protected] Contac Saannddii YaYarraa [email protected] ACCOLADES …

Hotel Lanai named one of 50 top hotels under $150 by Sunset magazine Built in 1923 for pineapple plantation executives, the charming 11- room Hotel Lanai was named one of the 50 top hotels under $150 by Sunset Magazine. According to Sunset, the11 rooms are loaded with charm: Hawaiian quilts on the bed, hardwood floors and wainscoting.

Rooms are ideal for a relaxing Hawaiian country inn experience with plush pillow top beds, mini-refrigerator and WiFi Internet access throughout hotel.

This historic landmark also features daily Continental breakfast with freshly baked pastries and assorted fruits, a restaurant with an intimate and casual dining experience of island flavors by award- winning chef Beverly Gannon, and live entertainment every Friday while wining and dining the night away.

For information, visit hotellanai.com.

Capische! named 2011 Aipono Restaurant of the Year award Located at the Hotel Wailea Maui, Capische? was named “Restaurant of the Year” at the annual 2011 Aipono awards banquet for Maui’s food and beverage industry. Owner and award-winning chef Brian Etheredge has created a truly unique and inventive Italian/French menu and offers a remarkable wine list.

Well-known for offering Maui’s finest Italian dining experience, diners also enjoy spectacular views of the surrounding islands and sunset.

Earlier this year, Capische? was named one of the nation’s 50 most ‘Romantic Restaurants’ by Open Table diners.

For more information, visit www.capische.com.

Aqua Wins 2011 Charity Walk Design Contest! The Hawaii Hotel & Lodging Association awarded Aqua Hotels & Resorts as the 2011 winner of the Visitor Industry Charity Walk T-Shirt contest.

Congratulations to Sae Design for the winning t-shirt art which reflected the walk’s theme: Put Your Best Slippah Forward.

Modeling the t-shirt is marketing’s Jessica Rayneri.

The trophy is on display at Aqua’s home office.

Page 3 2011 SUMMER Coonnttaacctt:: [email protected] Contac Saanndii YaYarraa [email protected] GIVING BACK TO THE COMMUNITY ...

Aqua Hotels supports Earth Day 2011 with booking promotion Aqua supported Earth Day 2011 by donating $1 from each room night booked on April 22, 2011 (Earth Day) to Hui o Koolaupoko.

Hui o Koolaupoko protects ocean health by restoring the aina mauka to makai. This is done in partnership with stakeholders including interested citizens, non- governmental organizations, government, educational institutions and businesses while using and focusing on sound ecological principles, community input, and cultural heritage.

In addition to the booking promotion, Aqua also supported Hui o Koolaupoko as a sponsor of their April 30 benefit concert at Hard Rock Café.

Pictured at right is Todd Cullison, Executive Director for Hui o Koolaupoko and Elizabeth Churchill.

Pagoda Hotel’s popular restaurant steps up to help tsunami victims Pagoda Restaurant helped to organize a successful fundraising event for the Japan Tsumani Relief Effort.

"With Aloha" took place on Saturday, April 9 at the Pagoda Restaurant. About 2,300 people attended the sold-out event and enjoyed the delicious food, refreshing beverages and live entertainment.

The event generated more than $150,000 in donations. 100% of the proceeds are slated for the Tohoku University Hospital's Japan Relief Fund. Since the disaster hit, Tohoku University Hospital has been providing food, medicine and comfort items to people in need from the surrounding areas.

Photo by Elliott Takane

Aqua sponsors a checkpoint at the annual Visitor Industry Charity Walk. The checkpoint was staffed by Aqua employees and was located at the Island Colony. Aqua raised nearly $20,000 for this year’s walk.

Giving continues on next page

Page 4 2011 SUMMER Coonnttaacctt:: [email protected] CCoonntatacct: SSaanndii YaYarra [email protected] More goodwill … Elizab»¬¸ ݸ«®½¸·´´ Vice President of Sales & Marketing [email protected]

α¾·² Ø¿®´±©ô Senior Director of Sales [email protected]

Ü¿²·»´ Þ¿§²»ô Dir. of Sales – Groups [email protected]

Ó¿®§ п¿¸¿²¿ô Dir. of Sales Domestic and International mpaahana@aquaresorts.

Ö«²» Ò±¦±»ô Dir. of Sales & Marketing – Asia [email protected]

Õ»¸¿« ß³±®·²ô Senior Sales Manager [email protected]

Ó§²¿ Û¸»´»®ô Contract Sales Manager [email protected]

Aqua raised $6,125 and 2,573 pounds of food for the Hawaii Foodbank. Ûª»´§² ͸·®±³¿ô Sales Manager Aqua Waikiki Wave & Aqua Waikiki Pearl [email protected] NEW FACES & CHANGING PLACES ... Ü»¾¾·» Ì«¿·´»ª¿ô Dir. of Sales & Catering Queen Kapiolani Hotel [email protected] Mary Paahana, Director of Sales – Domestic and International Ô«¿²¿ Õ»µ¿«´¿óÝ¿•¬·´´±ô Sales Manager Mary brings over 22 years of hotel sales knowledge and Maile Sky Court experience to her new position with Aqua. [email protected]

For the past 19 years she held various sales positions at Aston Ö¿²·½» ו¸·¸¿®¿ô Director of Sales Hotels & Resorts, most recently serving as Director of Kauai Beach Resort International Sales & Distribution for the last seven years. [email protected] Ó»²¿ ݸ¿²¼´»®ô Sales Manager Mary is bi-lingual in English and Japanese. She is located in Kauai Beach Resort Aqua’s Waikiki home office and can be reached at [email protected] 808-687-7102 and [email protected]. ß²² ×µ«¬¿ô Sales & Events Manager Hotel Wailea Maui [email protected] Karishma Chowfin, Hotel Manager, Aqua Waikiki Pearl Most recently working as sales manager, Karishma is the new Õ»·¬¸ DZ®µô Sr. Dir. of Rev. Management Hotel Manager at the 131-room Aqua Waikiki Pearl. [email protected] Ó¿§ Ý¿¾¿«¿¬¿²ô Revenue Manager Karishma has been with Aqua for the last 3 years and in her [email protected] new role she will be directly responsible for the day-to-day Ò·½µ Ó±®´»§ô Revenue Analyst operations of Aqua Waikiki Pearl, reporting directly to [email protected] Lynette Eastman, Area General Manager. ß²¹»´¿ Þ§«²ô Reservations Manager [email protected] Debbie Tuaileva, Director of Sales & Catering, Queen Kapiolani Hotel Debbie recently moved from Pagoda Hotel to Queen Kapiolani Ô»»ß²² ו±¾»ô Director of Marketing Hotel as the new Director of Sales & Catering. [email protected] Ö«•¬·² Ò¿µ¿¿¸·µ·ô Marketing Manager Her more than eight years of experience at Pagoda Hotel (as [email protected] well as experience at Hyatt and Hilton) has prepared her to take over her new role to help build the Food & Beverage/Banquets ß³¾»® É¿¬¬ô Director of Internet Strategy side of the business at Queen Kapiolani Hotel. Debbie will also [email protected] be working closely with the hotel staff on group business and Ö»••·½¿ 鱗»®· Aqua’s Home Office on all other segments. Internet Marketing Manager [email protected] Debbie can be reached at 808-931-4410 and אַ·½µ ߸´»®ô Sr. eCommerce Analyst [email protected]. [email protected]

Editor & PR Contact Page 5 2011 SUMMER Conta ct: s asanndidyiayararcaocommmmunuinciactiaotinons@[email protected] Contac Sandi Yara [email protected] Welcome to The Modern Honolulu

It’s been some time since a hotel in Hawaii has generated so much excitement and people are finding The Modern Honolulu does not disappoint.

Managed by Modern Management Services, a subsidiary of Aqua Hotels and Resorts, The Modern Honolulu propels guests into a sensory experience unlike any other. Polished interiors meet laid-back surf culture, white-washed walls intersect dark oak floors, young and hip vacationers mingle with savvy corporate travelers. The result is an Urban Resort that boasts sophistication and high design with a relaxed twist, which we like to call ‘barefoot luxury’.

One immediate example of the casual elegance throughout the hotel is the Herbie Fletcher surfboard installation signed by pro-surfer buddies behind the registration desk (see photo). It’s a sleek yet playful and a bold, visually amazing work of art.

The 353 Rooms and Suites are classy and offer travelers many amenities including:

Ñ¿¸«: King, Queen, and Double bedded rooms The Modern Honolulu Down comforters and pillows Customized imported linens by Frette Aqua Aloha Surf Waikiki Original, custom designed furniture with Aqua Bamboo Waikiki custom fabrics Aqua Ilikai Hotel & Suites Custom teak sliding screen at window Aqua Lotus Honolulu Custom light fixtures suitable for Aqua Palms Waikiki working and entertaining Aqua Queen Kapiolani Aqua Waikiki Pearl Spacious work areas with oversized Aqua Waikiki Wave desks Best Western Plus Coconut Waikiki Bathrooms with oversized glass enclosed showers (tub rooms available) Island Colony Hotel and seamlessly integrated Terrazzo Maile Sky Court countertops and sinks Pagoda Hotel Teak louvers in bathrooms allowing Park Shore Waikiki natural light White Sands Hotel 46" flat screen LCD TVs with full cable Ó¿«·: Hotel Wailea Maui access, high definition channels and movies on-demand Ó±´±µ¿·æ Aqua Hotel Molokai Specially programmed iPods and iPads (available upon request) with docking station Extensive DVD and CD library Ô¿²¿·æ Hotel Lanai Complimentary high-speed, wireless Internet access Data-port connections for modem/fax hook-ups Õ¿«¿·: Kauai Beach Resort In-room safe In-room fully stocked customized minibar Twice daily housekeeping service Newspapers of your choice delivered to your door upon request

The Modern Honolulu is located at 1775 Ala Moana Boulevard … the intersection of Ala Moana Boulevard and Hobron Lane. It is within walking distance to world-famous Fall 2011 Waikiki Beach and the outstanding shopping districts of Ala Moana Center and Kalakaua Avenue and to Hawaii Convention Center. Continued from page 1

The Modern Honolulu is a full-service hotel featuring ...

Spa and Fitness facilities

SPA AT THE MODERN HONOULU - The Spa offers a full range of spa treatments in four treatment rooms and two manicure/pedicure stations. All facial services are provided by experienced, licensed estheticians using some of the most comprehensively organic collections of skincare available on the market. All facial lines believe in and support environmental regeneration.

The 24-hour state-of-the-art fitness center overlooks The Private Sunset Beach and provides an ideal setting for daily workouts. The space features free weights, Life Fitness cardiovascular equipment and is wired with flat screen TVs and a state-of-the-art sound system.

Restaurant and Lounges

MORIMOTO Waikiki - Located on the first floor, Iron Chef Morimoto’s restaurant is open for breakfast, lunch and dinner daily.

THE LOBBY BAR - Open daily. See photo.

THE BAR AT THE SUNRISE POOL - Offers a full bar menu, specialty custom cocktails, lunch, dinner and late night dining.

THE BAR AT THE PRIVATE SUNSET BEACH - The bar is located on the upper pool deck and accessible from the second floor.

Recreation

PRIVATE SUNSET BEACH - Private Sunset Beach with its own lagoon is a one-of-a- kind location that is perfect for taking in the Hawaiian sun during the day and relaxing into the evening.

SUNRISE POOL - Sunrise Pool is located in the center of the hotel’s outdoor space and provides the ultimate resort pool atmosphere to relax in true island style. It can also be an amazing location for a special event. See photo.

Meeting Facilities

Extensive indoor and outdoor banquet and private event facilities including a 9,200 square foot Ballroom – one of the largest Ballrooms on Oahu 3 pre-function galleries Customized banquet menus for private events, luncheons, dinner parties and business meetings Expansive hospitality suite, the Sun Suite, with outdoor terrace facing the Ocean for VIP group check in, private parties and special events 4 meeting studios State-of-the-art audio and visual services available for private functions

Page 2 … FALL 2011 Contact: [email protected] Contac Sandi Yara [email protected] Fun happenings and more ...

Recently, The Modern Honolulu was a sponsor of the three-day First Annual Hawaii Food & Wine Festival. The opening “Streets of Asia” event took place at the hotel. Clockwise from top left: Host Iron Chef Morimoto, ‘living’ sculpture in the Sunrise Pool, taiko performers, panorama of the food stations at the Sunrise Pool, The Modern Honolulu’s Chef Scott Toner’s booth.

Aqua is 10! Birthday Cake Contest winners. Aqua’s milestone was celebrated with cakes. Congratulations to:

Waikiki Gold Medal co-winners: L-R Aqua Bamboo Waikiki entry with General Manager Kahea Doss and Ilikai Hotel & Suites

Neighbor Island Gold Medal winner: Hotel Wailea Maui

Page 3 … FALL 2011 Coonnttaacctt:: [email protected] Contac Saannddii Yaarraa [email protected] Around town …

Aqua Hotels & Resorts was a sponsor of the Kailua Bay Challenge - a very competitive and grueling long distance outrigger canoe race which has been held in Kailua Bay for the last 15 years.

While the race is a major fund raiser for Kailua Canoe Club, the main purpose is to perpetuate the ancient Hawaiian sport of outrigger canoe racing which is also the official Hawaii State sport. Over 300 paddlers competed last year and the race drew hundreds of racing fans and spectators.

Sponsorship and entry fees provide participants with specially designed commemorative race shirt and also funds youth scholarships to young paddlers who could not otherwise afford to participate in this Hawaiian sport.

Ocean Literacy Day at Waikiki Aquarium Saturday, September 17

Demonstrating reading is fun, the Waikiki Aquarium hosted its 2nd annual Fish Tales: Chronicles, Critters and Crafts event offering a whale of a tale of activities, storytelling, and mythological creatures from under the sea.

Celebrity storytellers read from popular books about the ocean and its underwater creatures while costumed characters like Kai the Opihi, Kimo and Olina, Lani Moo, OREO Cookie Man and more entertained on the lawn and mystical mermaids whirl throughout the event.

The event was sponsored by ABC Stores, Aqua Hotels and Resorts and Diamond Bakery.

Top photo L-R Pagoda Hotel’s Kovy Kovaloff / hotel manager and Karen Yonemoto / sales manager, Erik Yoshimoto / revenue clerk from Aqua’s home office with Kimo and Olina from Diamond Bakery.

Bottom photo Karen handing out toys to some of the kids at the event.

Philippine Airlines media fam visits Best Western Plus Coconut Waikiki.

L-R Justin Nakaahiki / Aqua Kelly Lai / Hawaii Tourism Asia Alvida Surpia-Jones / General Manager Anna Marie Jamora / Philippine Daily Inquirer Ani Hila / Metro Magazine LeeAnn Isobe / Aqua Regina Llanes / Manila Bulletin Daily Scott Garceau / The Philippine Star Elizabeth Churchill / Aqua Sigrid Saranillo / Philippine Airlines Mary Paahana / Aqua Desi Lourdes Martin / Philippine Airlines

Page 4 … FALL 2011 Coonnttaacctt:: [email protected] Contac Saannddii Yaarraa [email protected] Continued …

Aqua sponsored Hawaii RED Magazine's Fashion Show, featuring designer Ryoto Shiga’s fall collection, to honor the 6-month anniversary of the March 11 Japan Earthquake. The magazine recognizes creativity and style in Hawaii.

The fashion show was held on September 11 at Ala Moana Center. Photo at left.

Teleserye Royals Tour Favorite Filipino Teleserye (soap opera) stars were in town and Aqua hosted the talent at the Aqua Palms Waikiki.

Aqua was a sponsor of the Hawaiian Humane Society’s 21st Annual PetWalk at Magic Island on Sunday October 2. Pet Walk included a pet costume contest, pet float competition, great giveaways, entertainment and more! The fun event raises funds for programs and services. This year’s event raised over $220,000.

Cookie – Kathy Gunderson’s French Bull dog/mascot for Aqua Waikiki Wave (below left) was present and in good spirits. Karen Yonemoto and Kovy Kovaloff from the Pagoda, Justin Nakaahiki from Aqua’s home office and Kathy Gunderson handed out information at the booth.

Page 5 … FALL 2011 Coonnttaacctt:: [email protected] CCoonntatacct: SSaanndii Yarra [email protected] News highlights … Û´·¦¿¾»¬¸ ݸ«®½¸·´´ Magellan Awards Vice President of Sales & Marketing Aqua’s Promotional Site, [email protected] donttouchmypackage.com, was named a 2011 Gold Magellan Award Winner in the Hotels and Resorts α¾·² Ø¿®´±©ô Sr Director of Sales HM3: Website category! [email protected] Aqua’s website, www.aquaresorts.com, was named a 2011 Silver Magellan Award Ó¿®§ п¿¸¿²¿, Director of Sales Domestic & International Winner in the Hotels and Resorts HM3: Website category [email protected] Aqua’s Right Price. Right Now was a 2011 Silver Magellan Award Winner in the Ü¿²·»´ Þ¿§²»ô Director of Sales Hotels and Resorts | HM6: Advertising/Marketing Campaign category! Corporate & Retail [email protected] MLT Award Aqua Palms Waikiki, Maile Sky Court, Aqua Waikiki Wave and Kauai Beach Resort Ö«²» Ò±¦±»ô Director of Sales earned Quality Assurance Awards from MLT Vacations for 2011! This award & Marketing – Asia [email protected] recognizes hotels that have a 99% customer satisfaction score and a 99% delivery of product performance. Õ»¸¿« ß³±®·²ô Director of Sales Military & Government Supplier of the Year [email protected] Karen Yonemoto, Sales Manager for the Pagoda and White Sands Hotel, was named “Supplier of the Year” by MPI (Meeting Planners International)! Ó§²¿ Û¸»´»®ô Sales Manager - Groups [email protected]

Aqua Lotus Honolulu and Pagoda Hotel are Pet Friendly Ô¿½· Ì»®®§ô Contract Sales Manager Aqua Lotus Honolulu welcomes dogs up to 20 lbs. [email protected] with comfortable, pet-friendly accommodations, tail- wagging amenities, dog bowls and pads, and plenty of Õ»·¬¸ DZ®µô Senior Director of love. A $25 nightly fee and $100 deposit is required to Revenue Management maintain the room’s cleanliness. [email protected] Photo credit: Wag and Snap Photography Ó¿§ Ý¿¾¿«¿¬¿²ô Senior Revenue Manager Honolulu’s landmark Pagoda Hotel with its one-of-a- [email protected] kind design and unique appeal, now welcomes pet Ò·½µ Ó±®´»§ô Revenue Analyst dogs. The nightly rate (for the dog) is $25 plus taxes, [email protected] per pet and includes doggie pads to keep the room clean and copy of Hawaii Pet magazine. Û®·µ DZ•¸·³±¬±ô Revenue Clerk [email protected] Hotel Wailea’s active packages Hotel Wailea Maui is offering active travelers packages and activities that is sure to get the adrenaline pumping. Bundled with room, activities and more are: 1) Kite- ß²¹»´¿ Þ§«²ô Reservations Manager boarding Package, 2) Paddleboard Family Package 3) Maui Ocean Divas and [email protected] 4) Yoga Package.

Green Key Switch Ô»»ß²² ו±¾»ô Director of Marketing Best Western Plus Coconut Waikiki is now the 2nd Aqua hotel that has installed [email protected] “green key switches” in all their rooms. Aqua Aloha Surf Waikiki was the first. Ö«•¬·² Ò¿µ¿¿¸·µ·ô Marketing Manager Personnel Announcements [email protected] HOME OFFICE: Stephen Keller / Corporate Controller ß³¾»® É¿¬¬ô Director of Internet Strategy Allison Diebel / Property Controller [email protected]

PAGODA HOTEL: Ö»••·½¿ 鱗»®· Albert Roque / General Manager Internet Marketing Manager Brian Kovaloff / Hotel Manager [email protected] Karen Yonemoto / Sales Manager אַ·½µ ߸´»®ô Sr. eCommerce Analyst THE MODERN HONOLULU: [email protected] Lisa DeCambra / Director of Sales & Marketing Joy Tomita / Director of Sales Kim Oshiro / Catering Sales Manager Editor & PR Contact [email protected] Page 6 … FALL 2011 Contact: [email protected] Contac Sandi Yara [email protected] Aqua Hotels & Resorts named to manage The Lotus at Diamond Head

Addition adds to Aqua’s growing list of full-service hotel offerings

FOR IMMEDIATE RELEASE July 18, 2011

WAIKIKI BEACH, Hawaii – Aqua Hotels & Resorts (www.aquaresorts.com), a full- service Hawaii hotel management company, announced it will assume management of The Lotus at Diamond Head, effective July 18, 2011. The hotel will be renamed Aqua Lotus Honolulu and become part of the Aqua Boutique Collection.

“We are pleased to be named by N2885 LLC to manage this beautiful boutique hotel,” said Ben Rafter, Aqua’s President and CEO. “The property has a long history as a popular hotel and restaurant and both the ownership and Aqua are committed to the renovations and upgrades needed to return it to four star status.”

One of Waikiki’s first full-service boutique hotels, the Aqua Lotus Honolulu was previously marketed as the hip “W Honolulu”. The hotel remains stylish with beautifully appointed Asian inspired furnishings and a relaxed ambiance.

Planned refurbishment of the guest rooms and common areas will enhance the hotel’s elegant décor and vibe. “Another feature of the renovation is the refurbishment of the restaurant space and the re-opening of a contemporary new restaurant and lounge,” added Rafter. “We will be finalizing our dining concepts over the next several weeks.” Renovation work is scheduled to take place during the day when guests are out exploring and enjoying Oahu.

“There will be no interruption of service as we transition reservations already in the system,” stated Elizabeth Churchill, Aqua’s VP Sales & Marketing. “Our team is excited to be selling Aqua Lotus Honolulu. It is perfect for a number of niches including family, romance and active travelers so we will be reaching out to these markets with introductory specials to re-acquaint travelers and travel agents with the hotel.”

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1850 Ala Moana Boulevard Waikiki Beach, Hawaii 96815 ph 808.943.9291 fax 808.944-2782 www.aquaresorts.com Aqua Hotels & Resorts named to manage Lotus at Diamond Head Page 2

Hotel amenities include: Onsite restaurant and lounge Meeting & banquet facilities: Seats 80 for dinner and 120 people for standing reception. For smaller groups, the Penthouse Suite and Chef’s Table are also available. Video conferencing and other technology can be arranged WiFi in the lobby and rooms Complimentary coffee service Concierge

Guest room amenities include: ADA compliant and non-smoking room availability Private lanai Oversized desk Wireless Internet access I-Pod docking station Personalized climate control Mini-refrigerator Electronic in-room safe and more

“The addition of Aqua Lotus Honolulu confirms the new owner’s commitment to Hawaii and their confidence in Aqua’s performance and vision,” commented Rafter. “We are looking forward to a long and successful partnership in Hawaii and the Pacific.”

Aqua Lotus Honolulu is a 51-room boutique hotel offering fantastic views of Diamond Head and the Pacific Ocean. Located at the east end of Waikiki, also known as the “Gold Coast” at 2885 Kalakaua Avenue, the hotel enjoys a tranquil and quiet setting along Waikiki’s main thoroughfare. Aqua Lotus Honolulu enjoys a beachfront position and is in walking distance to the Honolulu Zoo, Waikiki Aquarium and tennis courts.

For reservations, see your preferred travel agent, book online or call Aqua toll-free from the U.S. and Canada at 1-866-406-2782. From Hawaii, call 808-924-6543.

High-res image of the property available upon request.

About Aqua Hotels & Resorts Aqua Hotels & Resorts is a management company founded in 2001 by Hawaii hotelier Mike Paulin. The company provides independent hoteliers and individual owners with full-service administration including revenue management, Internet distribution, sales, reservations, as well as individualized and brand advertising and marketing for maximum profitability.

Currently representing contemporary properties located on Oahu, Maui, Molokai, Lanai and Kauai, Aqua offers full-service resorts, stylish boutique hotels and comfortable budget properties.

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Headquartered in Waikiki, Aqua became Hawaii’s first employee-owned hotel company in 2008 when it executed an Employee Stock Ownership Plan. For more information on the company and individual hotels, visit www.aquaresorts.com or call 1-808-943-9291.

For reservations, see your preferred travel agent, book online or call Aqua toll free from the U.S. and Canada at 1-866-406-2782. From Hawaii, call 808-924-6543. Aqua is represented in Australia and New Zealand by Travel Reflections, South Korea by Pacific Air Agency Group, China by Aloha Consultant Company, Japan by ARM International and United Kingdom by First Public Relations.

- 30 - NR 220/11 Media contact: Sandi Yara SANDI YARA COMMUNICATIONS Phone: 808-221-2759 Email: [email protected] Web: www.sandiyaracommunications.com Aqua Hotels celebrates with “Aqua is 10!” birthday special Hawaii’s only boutique hotel group is celebrating 10 years of hospitality

FOR IMMEDIATE RELEASE August 8, 2011

WAIKIKI BEACH, Hawaii – Aqua Hotels & Resorts (www.aquaresorts.com), a full- service Hawaii hotel management company founded in 2001 by Mike Paulin, is celebrating its 10th birthday on August 11, 2011 by offering the “Aqua is 10!” special.

“This is a great time for us and we wanted to have some fun in celebration of our 10th birthday,” said Elizabeth Churchill, Aqua’s VP Sales & Marketing. “Aqua is 10! offers a discount to customers who can present a photo at check-in of themselves when they were 10 years old.’

Consumers booking their stay at 16 participating Aqua managed hotels and resorts on Oahu, Maui, Molokai and Kauai receive 10% off Aqua’s Best Available Rates when presenting their photo at check-in. There is no minimum stay requirement.

Participating hotels on Oahu, Maui, Molokai and Kauai are:

Boutique Collection Resort Collection Aqua Aloha Surf Waikiki Ilikai Hotel & Suites Aqua Bamboo Waikiki Hotel Wailea Maui Aqua Hotel Molokai Kauai Beach Resort Aqua Lotus Honolulu Aqua Palms Waikiki Lite Line Aqua Waikiki Pearl Island Colony Hotel Aqua Waikiki Wave Maile Sky Court Best Western Plus Coconut Waikiki Hotel Pagoda Hotel Queen Kapiolani Hotel Park Shore Waikiki

Aqua is 10! is valid for reservations booked for stays August 11, 2011 through August 11, 2012. Rate special is valid for new bookings only and not combinable with any other promotion or offer. The special is subject to availability and must be booked in advance.

For reservations, see your preferred travel agent, book online or call Aqua toll free from the U.S. and Canada at 1-866-406-2782. From Hawaii call 808-924-6543.

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1850 Ala Moana Boulevard Waikiki Beach, Hawaii 96815 ph 808.943.9291 fax 808.944-2782 www.aquaresorts.com Aqua Hotels celebrates with “Aqua is 10!” birthday special Page 2

About Aqua Hotels & Resorts Aqua Hotels & Resorts is a full-service management company founded in 2001 by Hawaii hotelier Mike Paulin.

Currently representing contemporary properties located on Oahu, Maui, Kauai, Molokai and Lanai, Aqua offers full-service resorts, stylish boutique hotels and comfortable budget properties.

Headquartered in Waikiki, Aqua became Hawaii’s first employee-owned hotel company in 2008 when it executed an Employee Stock Ownership Plan.

For more information on the company and individual hotels, visit www.aquaresorts.com or call 1-808-943-9291.

Aqua is represented in Australia and New Zealand by Travel Reflections, South Korea by Pacific Air Agency Group, China by Aloha Consultant Company, Japan by ARM International and United Kingdom by First Public Relations.

High-res images are available upon request.

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Media contact: Sandi Yara SANDI YARA COMMUNICATIONS Phone: 808-221-2759 Email: [email protected] Web: www.sandiyaracommunications.com Aqua Hotels & Resorts introduces new “beach boutique” concept

FOR IMMEDIATE RELEASE January 31, 2011

WAIKIKI BEACH, Hawaii – Aqua Hotels & Resorts is introducing a “beach boutique” concept to consumers in early 2011.

Known for carving out the boutique hotel niche in Hawaii several years ago, Aqua is further differentiating the brand by introducing a new “beach boutique” concept that consumers will see in ads and start to experience when checking in at several Aqua properties.

“We’re always listening to what our guests say and our research shows that they like staying in boutique hotels for the personal attention and they appreciate having beach items available when visiting Hawaii.” said Elizabeth Churchill, Aqua’s VP Sales & Marketing. “After all, does anyone have room to pack a couple of bulky beach towels or sand chairs in their ‘one’ allotted suitcase when space is needed for more important things?”

As a popular sun, sand and surf destination, Aqua’s creative team designed a bold new look for the guest amenities. The artsy-design (right) suggests a stylish, tropical beach destination and the selection of colors perfectly emphasizes warmth and ‘aqua’.

Aqua’s new “beach boutique” amenity items will be rolling out throughout 2011. The first item for guests to enjoy at the beach is the plush, custom beach towel, followed by the sand chair and more.

“It’s very important to us that our guests are happy and comfortable when staying with Aqua,” added Churchill. “We monitor trends and regularly reach out to our customers seeking advice on how we can improve our product. Our new “beach boutique” amenities are a prime example of how we implement guest suggestions.”

Aqua Boutique hotels offer beach amenities, stylish rooms and extreme value. Aqua’s Resort hotels offer lifestyle services and amenities without the luxury price tag. Lite hotels are the best bet for travelers’ budgets.

High-res image available upon request. - more -

1850 Ala Moana Boulevard Waikiki Beach, Hawaii 96815 ph 808.943.9291 fax 808.944-2782 www.aquaresorts.com Aqua Hotels & Resorts introduces new “beach boutique” concept Page 2

About Aqua Hotels & Resorts Aqua Hotels & Resorts is a full-service management company founded in 2001 by Hawaii hotelier Mike Paulin.

Currently representing contemporary hotels and resorts located on Oahu, Maui, Kauai, Molokai and Lanai, Aqua offers full-service resorts, stylish beach boutique hotels and comfortable budget properties.

Headquartered in Waikiki, Aqua became Hawaii’s first employee-owned hotel company in 2008 when it executed an Employee Stock Ownership Plan. For more information on the company and individual hotels, visit www.aquaresorts.com or call 1-808-943-9291.

For reservations, see your preferred travel agent, book online or call Aqua toll free from the U.S. and Canada at 1-866-406-2782. From Hawaii, call 808-924-6543. Aqua is represented in Australia and New Zealand by Travel Reflections, South Korea by Pacific Air Agency Group, China by Aloha Consultant Company, Japan by ARM International and United Kingdom by First Public Relations.

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NR 196/11

Media contact: Sandi Yara SANDI YARA COMMUNICATIONS Phone: 808-221-2759 Email: [email protected] Web: www.sandiyaracommunications.com

Queen Kapi‘olani Hotel introducing a diverse selection of packages

FOR IMMEDIATE RELEASE April 4, 2011

WAIK K BEACH, Hawai‘i – Queen Kapi‘olani Hotel recently announced the introduction of a diverse selection of packages for Waik k -bound travelers.

“We’re pleased to offer a variety of affordably-priced specials at Queen Kapi‘olani Hotel for visitors to Waik k ,” said Elizabeth Churchill, Aqua’s VP Sales & Marketing. “The packages have a broad appeal and showcase the hotel’s ideal location and cultural heritage.”

Honolulu Zoo Adventure Package The Honolulu Zoo Adventure Package is available from $115 per night plus taxes for a City View room with a two-night minimum stay and includes:

Admission for up to 2 adults and 2 children (or 1 adult and 3 children) Two Diamond Bakery Hawaiian Fun Gift Totes with fluffy zoo animal toy and snack-size assortment of animal crackers 10% off coupon on food and beverage and gift shop

Waik k Aquarium Package The Waik k Aquarium Package is available from $114 per night plus taxes for a City View room with a two-night minimum and includes:

Admission to the Waik k Aquarium for up to four persons (2 adults and 2 children or 1 adult and 3 children) Two Hawaiian Fun Gift Totes with a snack-size assortment of sea animal crackers (mano – shark, nai‘a – dolphin, kohol – humpback whale, he‘e – octopus and opah – moonfish), baked fresh in Hawai‘i, plus a fluffy sea animal toy from local cookie manufacturer Diamond Bakery

“Families with more time on O‘ahu may want to include both wonderful attractions by booking a combination with a four-night stay or longer,” added Churchill.

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1850 Ala Moana Boulevard Waikiki Beach, Hawaii 96815 ph 808.943.9291 fax 808.944-2782 www.aquaresorts.com

Queen Kapi‘olani Hotel introducing a diverse selection of packages Page 2

Queen’s Royal Tour Package The Queen’s Royal Tour package is available at $119 per night plus taxes for a City View room and $129 per night plus taxes for a Diamond Head View room, minimum for two nights’ stay and includes:

Admission for two to Bishop Museum, Queen Emma Summer Palace and ‘Iolani Palace

“This package offers guests an opportunity to learn more about the hotel’s namesake, Queen Kapi’olani, as each museum has some attachment to Hawai‘i’s royal history and rich host culture,” commented Churchill.

Transportation is not included and children 5 & under are not permitted on the ‘Iolani Palace tour. Additional admission can be purchased after arrival for $30 per person.

O‘ahu Bike and Hike Package Great for active adults, the O‘ahu Bike and Hike Package is available at $114 per night plus taxes for a City View room, minimum two nights’ stay and includes:

Bicycle rental for 9 hours (8:30 am – 5:30 pm) for up to two adults from Hawaiian Style Rentals Helmet, lock and maps

Hawaiian Style Rentals is located off-site and less than a block from the hotel. Additional bicycles can be rented after arrival. Children’s bikes are not available.

Queen Kapi‘olani Hotel is conveniently located next to Kapi‘olani Park and Honolulu Zoo and within easy walking distance from Waik k Aquarium and steps away Waik k Beach. The hotel has great access to the freeway for exploring other parts of the island.

Queen Kapi‘olani packages are based on availability and a minimum two-night stay is required. They are valid on new bookings only and full prepayment is required. Offers are valid until December 31, 2011. Some restrictions apply.

Reservations can be booked online at www.aquaresorts.com or www.queenkapiolani.com, or by calling Aqua at 808-924-6543 or toll-free at 1-866-406-2782.

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Queen Kapi‘olani Hotel introducing a diverse selection of packages Page 3

About Queen Kapi‘olani Hotel Queen Kapi‘olani Hotel opened for business in 1969 and pays tribute to its namesake, Queen Kapi‘olani, wife of Hawai‘i’s seventh and last ruling King. Gracing the hotel are museum-quality paintings of both King Kal kaua and Queen Kapi‘olani, along with their niece, Princess Ka‘iulani.

Located at 150 Kapahulu Avenue, Queen Kapi‘olani Hotel is a 19-story, 310-room hotel offering a range of guest rooms with private l nai and magnificent views, high-speed Internet access, refrigerator and coffeemaker. Hotel amenities include third floor swimming pool and sundeck, ballroom and event facilities, K lana Terrace Restaurant & Bar and much more.

Queen Kapi‘olani Hotel is managed by Aqua Hotels & Resorts; a Hawai‘i-owned and operated lodging hospitality company founded by Mike Paulin. Aqua is represented in Australia and New Zealand by Travel Reflections, South Korea by Pacific Air Agency Group, China by Aloha Consultant Company, Japan by ARM International and United Kingdom by First Public Relations. For more information about Aqua Hotels & Resorts visit www.aquaresorts.com. For more information about Queen Kapi‘olani Hotel, call 808-922-1941 or visit www.queenkapiolani.com.

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Media contact: Sandi Yara SANDI YARA COMMUNICATIONS Phone: 808-221-2759 Email: [email protected]

Best Western Coconut Waikiki Hotel receives a “plus”

FOR IMMEDIATE RELEASE May 12, 2011

WAIKIKI BEACH, Hawaii – Aqua Hotels & Resorts (www.aquaresorts.com) recently announced that visitor favorite Best Western Coconut Waikiki has been ‘upgraded’ to a “BEST WESTERN PLUS” hotel.

According to Best Western, “BEST WESTERN PLUS always offers that little something extra. From well appointed rooms to modern amenities, it’s thoughtfully designed to suit the needs of any business or leisure traveler.BEST WESTERN PLUS hotels meet the high-standard requirements of AAA/CAA with a minimum 3-Diamond rating.

“Best Western Coconut Waikiki consistently exceeds guest expectations and ranks at the top of TripAdvisor ratings,” said Elizabeth Churchill, Aqua’s VP Sales & Marketing. “We are extremely proud of General Manager Alvida Surpia-Jones and her staff for this outstanding designation from Best Western.”

Exceeding expectations, Best Western Coconut Waikiki offers guests: Upgraded bath amenities Breakfast available to help you start the day Convenient in-room mini-fridge Fitness room to help you stay fit when traveling On-site laundry and/or same-day dry cleaning services FREE high-speed Internet to help you stay connected FREE local calls FREE long distance access Spacious work desk in all guest rooms In-room coffee & tea maker Business center (copy, fax services and computer access to print airline boarding passes, maps & more) Weekly manager’s reception with signature “Coco-tini” For reservations, see your preferred travel agent, visit www.aquaresorts.com or call toll free at 1-866-406-2782.

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1850 Ala Moana Boulevard Waikiki Beach, Hawaii 96815 ph 808.943.9291 fax 808.944-2782 www.aquaresorts.com Best Western Coconut Waikiki Hotel receives a “plus” Page 2

HIGH-REZ DIGITAL IMAGES are available upon request.

About Best Western Plus Coconut Waikiki Hotel Best Western Plus Coconut Waikiki Hotel is a chic boutique hotel offering a cool twist on classic Waikiki. Accommodations range from comfortable city view rooms with 40” LCD HDTVs, microwaves, refrigerators and coffeemakers to a private, 1,250 square-foot two- bedroom penthouse suite with a 2,500-square foot private lanai offering stunning views of Waikiki and Diamond Head. The hotel is located just minutes to the Hawaii Convention Center, three blocks to the beach and along the quiet Ala Wai Canal.

Best Western Plus Coconut Waikiki Hotel is managed by Aqua Hotels & Resorts, a full- service Hawaii hotel management company. Visit www.aquaresorts.com for more information about the company and individual hotels. For reservations, see your preferred travel agent, book online or call Aqua toll free from the U.S. at 1-866-406-2782. From Hawaii, call 808-924-6543.

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Media contact: Sandi Yara SANDI YARA COMMUNICATIONS Phone: 808-221-2759 Email: [email protected] Aqua Waikiki Wave and Aqua Waikiki Pearl introduce “Aqua Aloha Girl” family special

FOR IMMEDIATE RELEASE March 17, 2011, updated

WAIKIKI BEACH, Hawaii – Aqua Hotels & Resorts, (www.aquaresorts.com), is offering an “Aqua Aloha Girl” special for families traveling to Waikiki which includes family-size accommodations and the newly-released ‘Kanani, American Girl’s 2011 Girl of the Year’ doll and ‘Aloha Kanani’ book.

“Both Aqua Waikiki Wave and Aqua Waikiki Pearl have some of the largest rooms in Waikiki so we created a family-friendly special featuring their spacious rooms and amenities,” said Elizabeth Churchill, VP Sales & Marketing for Aqua Hotels & Resorts. “Including the Hawaii-themed doll and book is a bonus for families with a little girl.”

“Aqua Aloha Girl” is available at Aqua Waikiki Wave in a junior suite superior at $189 per night or a one bedroom suite superior at $229 per night. Aqua Waikiki Pearl also offers the package when booking a junior suite at $149 per night, one bedroom suite at $209 per night or a two bedroom suite at $249 per night. Both hotels are centrally-located with guest rooms that include a mini-refrigerator, microwave and coffeemaker. One- and two- bedroom suites include a kitchen.

“Aqua Aloha Girl” special can be booked until December 31, 2011. A three-night minimum stay is required, based on availability. The special must be booked 14 days prior to arrival with full prepayment. It is non-refundable and valid on new bookings only.

For reservations, visit your preferred travel agent, book online at www.aquaresorts.com, www.aquawaikikiwave.com, www.aquawaikikipearl.com or call Aqua at toll-free at 1-866-406-2782.

Aqua Aloha Girl special is not endorsed by, sponsored by, or affiliated with American Girl Brands, LLC.

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Media contact: Sandi Yara SANDI YARA COMMUNICATIONS Phone: 808-221-2759 Email: [email protected] Web: www.sandiyaracommunications.com

1850 Ala Moana Boulevard Waikiki Beach, Hawaii 96815 ph 808.943.9291 fax 808.944-2782 www.aquaresorts.com

Queen Kapi‘olani tees off with first O‘ahu golf package

FOR IMMEDIATE RELEASE February 22, 2011

WAIKIKI BEACH, Hawaii – Queen Kapi‘olani Hotel, located at the Diamond Head end of Waik k , announced its first special for golfers.

After recently completing more than $5 million in renovation and upgrades, Queen Kapi‘olani Hotel is excited to offer newly refreshed rooms for a reasonably priced vacation package which includes a round of golf.

O‘ahu Room & Golf package Rates start at $179 per night for a city view room with a 3-night minimum stay. The package includes 18-holes of play at the ‘Ewa Beach Golf Club for 2 persons and golf cart rental. Tee time is arranged prior to arrival. Additional tee times can also be added after check-in.

‘Ewa Beach Golf Club is an award-winning Robin Nelson Designed golf course which first opened in 1992. The links layout is created out of a Kiawe Forrest. Tree lined fairways put a premium on driving accuracy. The addition of fairway bunkers and water hazards make ‘Ewa Beach Golf Club a challenging experience.

“The O‘ahu Room & Golf package is priced to entice golfers and their families all year round,” said Elizabeth Churchill, Aqua’s VP Sales & Marketing. “Queen Kapi‘olani Hotel is conveniently located near Waik k Beach, Honolulu Zoo and Waik k Aquarium so families have plenty to do while the golfers are out on the fairways.”

Located at 150 Kapahulu Avenue, Queen Kapi‘olani Hotel has good access to the H- 1 freeway via Kapahulu Avenue. Once on the freeway, a scenic 40-minute drive takes golfers to sunny West O‘ahu and the ‘Ewa Beach Golf Club.

To book the O‘ahu Room & Golf package, visit your preferred travel agent, book online at www.aquaresorts.com or www.queenkapiolani.com, or call Aqua at 808-924-6543 or toll- free at 1-866-406-2782.

Queen Kapi‘olani’s O‘ahu Room & Golf package is valid for reservations booked for stays now until December 31, 2011. Rate quoted is based on best available rates, single or

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1850 Ala Moana Boulevard Waikiki Beach, Hawaii 96815 ph 808.943.9291 fax 808.944-2782 www.aquaresorts.com

Queen Kapi‘olani tees off with first O‘ahu golf package page 2

double occupancy plus taxes and one round of golf at ‘Ewa Beach Golf Club and cannot be combined with any other offer or promotion. Full, non-refundable, prepayment is required at the time of booking.

Queen Kapi‘olani Hotel recognizes the use of diacritical marks (i.e., glottal stop (‘), macron ( ) and will include them when possible.

High-res images of Queen Kapi‘olani Hotel are available upon request.

About Queen Kapi‘olani Hotel Queen Kapi‘olani Hotel opened for business in 1969 and pays tribute to its namesake, Queen Kapi‘olani, wife of Hawai‘i’s seventh and last ruling King. Gracing the hotel are museum-quality paintings of both King Kal kaua and Queen Kapi‘olani, along with their niece, Princess Ka‘iulani. True to its cultural heritage, the hotel’s mission is to “tell the story of Hawai‘i through the Queen’s eyes and welcome guests from around the world.”

Located at 150 Kapahulu Avenue, Queen Kapi‘olani Hotel is a 19-story, 310-room hotel offering a range of guest rooms with private l nai and magnificent views, high-speed Internet access, refrigerator and coffeemaker. Hotel amenities include third floor swimming pool and sundeck, ballroom and event facilities, K lana Terrace Restaurant & Bar and much more.

Queen Kapi‘olani Hotel is managed by Aqua Hotels & Resorts; a Hawai‘i-owned and operated lodging hospitality company founded by Mike Paulin. Aqua is represented in Australia and New Zealand by Travel Reflections, South Korea by Pacific Air Agency Group, China by Aloha Consultant Company, Japan by ARM International and United Kingdom by First Public Relations. For more information about Aqua Hotels & Resorts visit www.aquaresorts.com. For more information about Queen Kapi‘olani Hotel, call 808-922-1941 or visit www.queenkapiolani.com.

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Media contact: Sandi Yara SANDI YARA COMMUNICATIONS Phone: 808-221-2759 Email: [email protected] Website: www.sandiyaracommunications.com

Park Shore Waikiki offering travelers "Everywhere Internet" - 4G personal hot spot

FOR IMMEDIATE RELEASE December 8, 2010

WAIKIKI BEACH, Hawaii – Park Shore Waikiki has partnered with www.clear.com to offer guests booked at the hotel the option of reserving a personal 4G hot spot router during their visit to Oahu.

“This is a great little device to have for anyone traveling with their laptop for business or pleasure,” said Scott Pauli, Area General Manager. “In a nutshell, “Everywhere Internet” is a personal hot spot router, capable of providing secure Internet while attending meetings or exploring and driving around the island.”

According to Clear Spot, the device:

Delivers unlimited 4G coverage throughout Oahu. Actually, they work everywhere CLEAR has 4G coverage, even in your car. Charges like a cell phone. Offers 4 hours of battery life before recharging is required. Can provide connection for up to eight devices (laptops, video games, etc.) Quick installation - no cable needed. Fits in the palm of your hand.

“I believe we’re the only hotel currently offering this convenience to guests,” added Pauli. “It’s been a very popular technology amenity and the 4G speed is super fast.”

“Everywhere Internet” is available to Park Shore Waikiki guests for $8.95 per day and can be connected to eight devices.

About Park Shore Waikiki Park Shore Waikiki enjoys a premier location – ideally situated across from Waikiki Beach, Honolulu Zoo and in easy walking distance to Kapiolani Park, Waikiki Shell and Waikiki Aquarium. This non-smoking hotel features two restaurants: Lulu’s Waikiki Surf Club – open air dining room with retro-surf atmosphere and panoramic views serving American fare and Yoshitsune – serving Japanese cuisine and offering a sushi counter.

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1850 Ala Moana Boulevard Waikiki Beach, Hawaii 96815 ph 808.943.9291 fax 808.944-2782 www.aquaresorts.com Park Shore Waikiki offering travelers "Everywhere Internet" - 4G personal hot spot Page 2

There is also a Starbucks®, Hans Hedeman Surf School, valet parking, concierge services and complimentary WiFi in the lobby and on the second floor. The 226-guest rooms have private lanais with many offering postcard views of the Pacific Ocean and Diamond Head.

Park Shore Waikiki is managed by Aqua Hotels & Resorts; a Hawaii-owned and operated management company founded in 2001 by Hawaii hotelier Mike Paulin.

For more information about the hotel, visit www.parkshorewaikiki.com. For more information on Aqua Hotels & Resorts, visit www.aquaresorts.com.

For reservations, book online or call Aqua toll free from the U.S. and Canada at 1-866-406-2782. From Hawaii, call 808-924-6543.

Aqua is represented in Australia and New Zealand by Travel Reflections, South Korea by Pacific Air Agency Group, China by Aloha Consultant Company, Japan by ARM International and United Kingdom by First Public Relations.

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Media contact: Sandi Yara SANDI YARA COMMUNICATIONS Phone: 808-221-2759 Email: [email protected] Web: www.sandiyaracommunications.com Aqua Hotels introduces a “No Commitments” wedding program

RELEASE AT WILL

WAIKIKI BEACH, Hawaii – Aqua Hotels & Resorts is offering a hassle-free “No Commitments” wedding program for couples planning their nuptials in Waikiki.

“We’re taking some of the anxiety out of the wedding planning process by eliminating hotel contracts and minimum room requirements when couples choose to book hotel rooms with Aqua,” said Elizabeth Churchill, Aqua’s VP Sales & Marketing. “We know how stressful it can be for couples planning their big day so we’ve simplified the hotel selection and booking process for them.”

Aqua’s “No Commitments” Wedding Program features: No Commitments – No contracts are ever required. Just the standard cancellation policy of 24 hours prior to arrival No Minimum – There is no minimum room requirement. Aqua will accommodate just the couple or a wedding party of any size. No Worries – Count on Aqua to provide personalized service and recommendations and create a customized plan based on the needs of the couple.

Couples and their wedding party can select from Aqua hotels throughout Waikiki ,Wailea, Kauai or Molokai allowing everyone the option of choosing their personal favorite. In all instances, a discounted group rate will be extended. When selecting one of the stylish Aqua Boutique hotels, guests also experience the personalized services and ambiance of an upscale property and receive many complimentary amenities including high-speed internet access and local and toll free calls.

For more information on Aqua’s “No Commitments” wedding program, which is also perfect for vow renewals, commitment ceremonies, civil unions and same-sex marriages, please visit www.aquaresorts.com/weddings.

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1850 Ala Moana Boulevard Waikiki Beach, Hawaii 96815 ph 808.943.9291 fax 808.944-2782 www.aquaresorts.com Aqua Hotels & Resorts welcomes Hotel Lanai as of May 1st

FOR IMMEDIATE RELEASE April 19, 2010

WAIKIKI BEACH, Hawaii – Aqua Hotels & Resorts (www.aquaresorts.com), a full- service Hawaii hotel management company, announced the addition of Hotel Lanai, effective May 1, 2010.

“As Hawaii’s growth leader, we’re pleased to welcome Hotel Lanai to our selection of hotels and resorts,” said Ben Rafter, Aqua’s President and CEO. “In the previous 12 months, Aqua nearly doubled its statewide inventory and adding a distinctive hotel that’s steeped in Lanai’s history is a great addition for us and our guests.”

“Along with Hotel Molokai and Hotel Wailea Maui, the addition of Hotel Lanai distinguishes Aqua as the only hotel company with properties on each of the three islands making up Maui County,” said Elizabeth Churchill, Aqua’s VP Sales & Marketing. “The island of Lanai offers travelers a wide range of unique experiences and we’re thrilled to offer Hotel Lanai to visitors seeking out this island.”

“We’re elated to be working with Aqua Hotels,” said Mary Charles, Hotel Lanai owner. “It’s just so fitting to have a kamaaina company looking out for our best interests at this wonderfully historic hotel.”

Hotel Lanai was built in 1923, as a retreat for executives on business and important guests, by pineapple pioneer James D. Dole. It is located in the heart of Lanai City at a comfortable elevation of 1,700 feet.

ROOMS: The hotel’s unique plantation heritage is still evident in the furnishings and décor of the guest rooms and adjacent cottage. Each room has its own personality which includes a beautiful Hawaiian quilt, artwork by Lanai artists, hardwood flooring, ceiling fan and private bathroom.

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1850 Ala Moana Boulevard Waikiki Beach, Hawaii 96815 ph 808.943.9291 fax 808.944-2782 www.aquaresorts.com Aqua Hotels & Resorts welcomes Hotel Lanai as of May 1st Page 2

RESTAURANT:Lanai City Grille Chef Bev Gannon, one of the founding members of “Hawaii Regional Cuisine”, designed the menu for Lanai City Grille, the in-house restaurant which offers the freshest locally caught seafood, prime meats and the restaurant’s signature rotisserie chicken.

Lanai City Grille offers a rustic ambiance with fireplace and is open from 5 – 9 pm from Wednesday to Sunday.

AMENITIES: Unique lodging experience Complimentary continental breakfast available daily in the lobby Evening turn-down upon request Complimentary beach towels Refrigerator in every room WiFi throughout the hotel Award-winning Pacific-fusion cuisine served in the on-site restaurant “Friday Under the Stars”, live music every Friday evening by local musicians Boutique gallery featuring locally-made art, jewelry and gifts

ATTRACTIONS and ACTIVITIES nearby Hiking, golf, snorkeling, sailing, kayaking, horseback riding, sporting clay- shooting, helicopter rides, deep-sea fishing and more Munroe Trail (16 miles by foot, bicycle and 4-wheel drive) Hulopoe Beach (marine sanctuary) Kaiolohia (Shipwreck Beach) Keahiakawelo (Garden of the Gods) Kanepuu Preserve (dryland forest)

LANAI In 1922 James D. Dole purchased the island of Lanai for 1.1 million dollars to grow pineapples and at its peak, Lanai produced 75 percent of the world’s pineapples. Once called the “Pineapple Island”, today only about 100 acres are devoted to pineapple growing.

Now called the “Enticing Island”, Lanai is 141 square miles (13 miles wide by 18 miles long) and home to an estimated 3,000 full time residents. Located nine miles off Maui’s west coast, it has just 29 miles of paved roads, a single gas station (but no stoplight) and miles upon miles of untouched, unspoiled valleys and beaches for residents and visitors to explore and enjoy.

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INTRODUCTORY SPECIAL To introduce the new partnership, customers booking a room at Hotel Lanai for stays booked in May and June will receive one complimentary dessert when dining at Lanai City Grille.

Rates at Hotel Lanai start at $99 per night for a standard room and up to $179 per night for the cottage. Daily continental breakfast is included.

“I have fond memories of spending nights at the hotel when I traveled to Lanai to meet with Dole management years ago,” indicated Bill Henderson, Aqua’s VP of Development. “I was glad to see the hotel continues to retain the family-like ambiance and charm that it had back then but also offers modern conveniences travelers have become accustomed to having today. Hotel Lanai provides a nice balance to the accommodations and dining options currently available on this island.”

High-res image of the property available upon request.

About Aqua Hotels & Resorts Aqua Hotels & Resorts is a full-service management company founded in 2001 by Hawaii hotelier Mike Paulin. The company provides independent hoteliers and individual owners with full-service administration including revenue management, Internet distribution, sales, reservations, as well as individualized and brand advertising and marketing for maximum profitability.

Aqua Hotels & Resorts has been included in the ‘Fastest 50’ growing Hawaii Company list by Pacific Business News since 2007.

Headquartered in Waikiki, Aqua became Hawaii’s first employee-owned hotel company in 2008 when it executed an Employee Stock Ownership Plan. For more information on the company and individual hotels, visit www.aquaresorts.com or call 1-808-943-9291.

For reservations, see your preferred travel agent, book online or call Aqua toll free from the U.S. and Canada at 1-866-406-2782. From Hawaii, call 808-924-6543. Aqua is represented in Australia and New Zealand by Travel Reflections, South Korea by Pacific Air Agency Group, China by Aloha Consultant Company, Japan by ARM International and United Kingdom by First Public Relations.

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Media contact: Sandi Yara SANDI YARA COMMUNICATIONS Phone: 808-221-2759 Email: [email protected] Web: www.sandiyaracommunications.com Aqua Hotels & Resorts named to manage Hilton Kauai Beach Resort

FOR IMMEDIATE RELEASE July 24, 2009

WAIKIKI BEACH, Hawaii – Aqua Hotels & Resorts, a full-service hotel management company with 15 hotels and resorts in Hawaii, announced that a subsidiary of iStar Financial, SFI Kauai Operator LLC, has selected the company to assume management of the Hilton Kauai Beach Resort effective July 24, 2009. The addition of the Hilton Kauai Beach Resort to Aqua’s portfolio increases the Hawaii-based company’s presence to 16 hotels on four Hawaiian Islands.

NOTE: as of January 1, 2010, the Hilton flag was removed.

Located at 4331 Kauai Beach Drive, five minutes north of Lihue airport and 10 minutes from Lihue town, the deluxe, oceanfront Kauai Beach Resort is situated on 25 lushly landscaped acres. The five-story resort also boasts the island’s longest exploring and strolling stretch of white sand beach.

“It’s exciting to be selected by iStar Financial to manage the Kauai Beach Resort,” said Ben Rafter, Aqua’s President and CEO. “The addition of this spectacular resort is an excellent complement to Aqua’s growing portfolio of Waikiki and neighbor island resorts. It will provide an outstanding lodging option for Aqua customers planning a visit to ‘Hawaii’s Island of Discovery’.”

“We’re delighted to be working with Aqua Hotels as we share their vision and commitment to Hawaii’s island culture,” stated Andrew G. Backman, iStar Financial’s Senior Vice President of Investor Relations and Marketing. “iStar also shares Aqua’s goal to generate a hospitality environment that will enable Kauai Beach Resort to appeal to a diverse and wide range of visitors to the island.”

Kauai Beach Resort is a non-smoking hotel offering 350 deluxe hotel guestrooms, including oceanfront suites and executive guest rooms.

The resort features the following amenities: Complimentary shuttle service to/from the airport and nearby golf courses Three main hotel pools and two whirlpool spas Sand bottom fresh water pool 75 ft. flume and lava tube waterslide Nightly torch-lighting

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Wireless high-speed Internet access Hawaiian Rainforest Spa & Salon Fitness center Business center Concierge / Activities desk In-room movies Refrigerator, coffeemaker and safe Meeting facilities o Total indoor square footage: 13,715 sq. ft. includes 8,611 sq. ft. ballroom o Total outdoor function space: 16,500 sq. ft. includes 5,000 sq. ft. ocean lawn Gift shop which also offers specialty coffees, pastries, snacks to go

A selection of dining venues includes:

Naupaka Terrace (see photo) – A plantation style open air restaurant overlooking fishponds, pools, and waterfalls. Serving breakfast and dinner daily. Driftwood Sandbar & Grille – Casual poolside lunch and beverage service. Shutter's Lounge – Appetizer and light dinner menu with live entertainment nightly.

Kauai was recently named the world’s fourth Best Island by readers of Travel + Leisure in the island category of their ‘World’s Best’ poll. Readers rated islands on five characteristics: natural attractions, activities/sights, restaurants/food, people and value.

With its tagline as ‘Hawaii’s Island of Discovery’ Kauai certainly offers visitors numerous natural attractions and activities to discover during their stay: Waimea Canyon (“Grand Canyon of the Pacific”), Na Pali Coast and Wailua Falls, to name a few. Kauai Beach Resort’s central location is ideal for exploring and getting to the key points of interest that are easily drivable.

Lihue town - 5 miles - S Fern Grotto - 3 miles - N Hanalei* - 30 miles – N Na Pali Coast - 25 miles - W Spouting Horn - 12 miles - S Wailua Falls - 5 miles – S Waimea Canyon - 37 miles – W

*Hanalei Bay (see photo) was named the nation’s #1 beach for 2009 by Dr. Beach. Photo courtesy of Kauai Visitors Bureau.

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About Aqua Hotels & Resorts Aqua Hotels & Resorts is a management company founded in 2001 by Hawaii hotelier Mike Paulin. The company provides independent hoteliers and individual owners with full-service management and administration services including revenue management, accounting, Internet distribution, sales, reservations, as well as individualized and brand advertising and marketing for maximum profitability.

Currently representing contemporary hotels and resorts located on Oahu, Maui, Molokai, and Kauai (with the addition of Kauai Beach Resort) the portfolio offers sixteen properties, each with their own unique identity and features. In 2007 and 2008, Aqua Hotels & Resorts was ranked the #8 ‘Fastest 50’ growing Hawaii Company by Pacific Business News.

Headquartered in Waikiki, Aqua became Hawaii’s first employee-owned hotel company in 2008 when it executed an Employee Stock Ownership Plan. For more information on the company and individual hotels, visit www.aquaresorts.com or call 1-808-943-9291.

- 30 - NR 129/09 Media contact: Sandi Yara SANDI YARA COMMUNICATIONS Phone: 808-221-2759 Email: [email protected] Web: www.sandiyaracommunications.com The Ilikai Hotel to Reopen July 24 Waikiki landmark to be managed by Hotel Management Services, LLC

FOR IMMEDIATE RELEASE July 21, 2009

WAIKIKI BEACH, Hawaii – The iconic Ilikai Hotel will welcome guests again on Friday, July 24, 2009, iStar Financial and the hotel announced today, noting that the reopening marks a recommitment to the Hawaiian tradition and culture that made the Ilikai famous. The 203-unit hotel was closed by its former operator on July 9, 2009, but iStar Financial’s subsidiary SFI Ilikai Property Owner decided to reopen the hotel after reaching agreement with UNITE HERE Local 5 that provides for the rehiring of approximately 50 employees, some of whom have been with the hotel for more than 30 years.

“iStar Financial would like to thank the union and its members for their commitment to find ways to help us provide the continued employment opportunities we all desire,” said Andrew G. Backman, iStar Financial’s senior vice president of investor relations and marketing. “We all share in the desire to preserve this iconic property for the community.”

“We would like to thank the local community, the travel industry and guests for their support during this transition period,” said Ike Cockett, general manager of the Ilikai. “We were all touched by the many past, present and future guests who called to express support.”

“Our long-time employees are part of the Ilikai’s legacy and charm, and we are pleased they will be able to continue the tradition of high-quality service our guests have come to expect,” added Cockett.

Hotel Management Services, LLC will manage the hotel, and receive a variety of support services from Aqua Hotels & Resorts. “We are excited about this opportunity to work with Ike Cockett and his dedicated team to play a role in returning the Ilikai to its position as a landmark lodging option in Waikiki,” said Bill Henderson, vice president of Development for Aqua Hotels & Resorts.

In addition to retail and commercial space, the Ilikai complex consists of 1,009 total units, some occupied by full-time residents and some by timeshares, as well as the 203 units used for hotel operations. The reopening only affects the hotel units. The remaining 806 units are not affected. - more - The Ilikai Hotel to Reopen July 24 Waikiki landmark to be managed by Hotel Management Services, LLC Page 2

Guests who have reservations will see a seamless transition to the new management. The Ilikai is also taking new reservations. Guests with questions, or those who would like to make reservations, may call the hotel at 808-949-3811 or toll free at 866-406-2782. Reservations may also be made over the Internet at www.ilikaihotel.com.

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About Aqua Hotels & Resorts Aqua Hotels & Resorts is a management company founded in 2001 by Hawaii hotelier Mike Paulin. The company provides independent hoteliers and individual owners with full-service administration including revenue management, Internet distribution, sales, reservations, as well as individualized and brand advertising and marketing for maximum profitability.

Currently representing contemporary hotels and resorts located on Oahu, Maui and Molokai where there are nine properties (ten with the addition of the Ilikai) in the Aqua Boutique Collection, each with their own unique identity and features. The Lite line represents the company’s transitional and value product with five comfortable and affordable hotels.

In 2007 and 2008, Aqua Hotels & Resorts was ranked the #8 ‘Fastest 50’ growing Hawaii Company by Pacific Business News.

Headquartered in Waikiki, Aqua became Hawaii’s first employee-owned hotel company in 2008 when it executed an Employee Stock Ownership Plan. For more information on the company and individual hotels, visit www.aquaresorts.com or call 1-808-943-9291.

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Media contact: Sandi Yara SANDI YARA COMMUNICATIONS Phone: 808-221-2759 Email: [email protected] Wed: www.sandiyaracommunications.com Beachtree Properties select Aqua Hotels & Resorts to rebrand Hotel Molokai

FOR IMMEDIATE RELEASE July 1, 2009

WAIKIKI BEACH, Hawaii – Beachtree Properties (www.beachtreeproperties.com) recently selected Hawaii-owned and operated Aqua Hotels & Resorts to rebrand the 53-room Hotel Molokai. Situated oceanfront on Kamiloloa Beach, AquaHotel Molokai is the island’s only hotel and home to Hula Shores Restaurant, the most popular gathering place for visitors and residents on Molokai.

“We are elated to have been selected by Beachtree Properties,” said Bill Henderson, Aqua’s VP Development. “Aqua’s island heritage fits in nicely as we fully understand the product and experience this unique hotel, spa, and restaurant offers visitors. It’s an excellent addition to our growing boutique collection.”

Aqua Hotel Molokai is designed after a Polynesian village and features a variety of spacious accommodation options including garden and ocean front bungalows and a lovely oceanfront honeymoon suite. Recently renovated and upgraded, rooms suggest a Polynesian ambiance and include private lanais, high-speed Internet access, mini- refrigerators, microwaves, coffee makers, and cable televisions. In addition, many of the rooms have full kitchens.

Resort amenities include: Concierge Free parking Non smoking Freshwater swimming pool Oceanfront Hula Shores Restaurant serving breakfast, lunch and dinner

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1850 Ala Moana Boulevard Waikiki Beach, Hawaii 96815 ph 808.943.9291 fax 808.944-2782 www.aquaresorts.com Beachtree Properties select Aqua Hotels & Resorts to rebrand Hotel Molokai Page 2

Pool bar / lounge Daily live entertainment and weekly “Aloha Friday Sunset Celebration” Nightly torch-lighting ceremony Aqua Hotel Molokai Spa Center, available Monday – Friday, offering a variety of massages, acupuncture, facials, nail services and yoga classes Bamboo Room – meeting and function facility for up to 30 people with catering available through Hula Shores restaurant. An additional 200 people can be accommodated in the adjacent outdoor covered venue. Gift and sundries shop, vending machines, laundry facilities ATM machine, photocopying service, Internet kiosk Safety deposit box Hammocks On-site rental car location

“Aqua Hotels is a great match for this resort,” remarked George Joosten, Resort Operations Manager of Beachtree Properties. “Their understanding of the islands and lifestyle will surely target and bring the best customers to the island and Hotel Molokai. We share a similar vision and work ethic and are looking forward to a great partnership.”

“Aqua Hotel Molokai offers a natural and rural Hawaiian experience and we are looking forward to pairing it with the urban vibe of our Waikiki boutiques,” commented Ben Rafter, Aqua’s President and CEO. “The natural beauty and diversity of Molokai, the magic of unspoiled Hawaii, the captivating appeal of the hotel is a huge magnet for leisure travelers looking for indigenous island experiences.”

Molokai, Hawaii’s fifth largest island, is 38 miles long and 10 miles wide. It is dubbed the ‘most Hawaiian Island’ because nearly half of its 7,000 residents are of Hawaiian descent. The island offers breathtaking natural beauty, unspoiled deserted beaches, a rural way of life and genuinely friendly people. There are no tall buildings, no neon signs, no traffic lights and the pace is slow but there are lots of things to see and do. It is the legendary birthplace of hula, home to the famous mule ride to the quaint settlement of Kalaupapa – a National Historic Site, Hawaii’s only barrier reef, highest sea cliffs and tallest waterfall. For more information about this island, visit http://www.molokai-hawaii.com/

Molokai is 20 minutes by air from Oahu and 90 minutes by ferry from Maui. Travelers looking for unspoiled Hawai‘i, outdoor adventure, and ocean activities will enjoy visiting Molokai. Room rates at Aqua Hotel Molokai start from $ 135 per night, plus taxes. For reservations and information, call toll-free 866-406-2782, direct 808-553-5347 or visit the website www.hotelmolokai.com.

About Beechtree Properties

Beachtree Properties (www.beachtreeproperties.com) specializes in distinctive boutique hotels in exciting vacation destinations. Beechtree manages seven independent hotels and resorts across North America, providing a home away from home with all the services

- more - Beachtree Properties select Aqua Hotels & Resorts to rebrand Hotel Molokai Page 3 travelers expect from a large hotel. The company values local character and recognizes the individuality of each property, offering well-appointed accommodations and world-class service.

About Aqua Hotels & Resorts

Aqua Hotels & Resorts is a management company founded in 2001 by Hawaii hotelier Mike Paulin. The company provides independent hoteliers and individual owners with full-service administration including revenue management, Internet distribution, sales, reservations, as well as individualized and brand advertising and marketing for maximum profitability.

Currently representing contemporary hotels and resorts located on Oahu, Maui and Molokai where there are eight properties in the Aqua Boutique Collection, each with their own unique identity and features. The Lite line represents the company’s transitional and value product with six comfortable and affordable hotels.

In 2007 and 2008, Aqua Hotels & Resorts was ranked the #8 ‘Fastest 50’ growing Hawaii Company by Pacific Business News.

Headquartered in Waikiki, Aqua became Hawaii’s first employee-owned hotel company in 2008 when it executed an Employee Stock Ownership Plan. For more information on the company and individual hotels, visit www.aquaresorts.com or call 1-808-943-9291.

For reservations, see your preferred travel agent, book online or call Aqua toll free from the U.S. at 1-866-406-2782. From Hawaii, call 808-924-6543. Aqua is represented in Australia and New Zealand by Travel Reflections, by ARM International in Japan and Pacific Air Agency Group in South Korea.

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Media contact: Sandi Yara SANDI YARA COMMUNICATIONS Phone: 808-221-2759 Email: [email protected] Black Diamond Hospitality unveils ‘Hotel Wailea Maui’

New name and new plans for Diamond Wailea Resort & Spa

FOR IMMEDIATE RELEASE June 15, 2009

WAILEA, Maui, Hawaii – Black Diamond Hospitality Investments LLC of Honolulu announced the renaming of Diamond Wailea Resort & Spa to ‘Hotel Wailea Maui’ effective June 15, 2009.

“Inspiration for the name comes from the understated ambiance and elegance of the Wailea resort,” said Jon McManus, partner, Black Diamond LLC. “Perched 300 feet above the magnificent Wailea community, Hotel Wailea Maui is an inviting hideaway that remembers the era when guests wanted a classy place to stay, maximum privacy and discreet customer service. The 72 suites are being updated with tasteful and comfortable decor to relive that style and complement the resort.”

Originally an exclusive club for affluent Japanese visitors looking for a tranquil and private tropical retreat, the resort’s timeless charm will be preserved but significantly refreshed. Upgrades for the suites include complete bath and lighting re-dos with added amenities. Two 32-inch flat screen televisions for the living room and bedroom, new sofa, original artwork, cordless telephone and i-Home clocks will be featured in the ultra-spacious 900 sq. ft. accommodations. New bed, luxurious new sheets with duvet, bed throw and plush bath towels will also be added.

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1850 Ala Moana Boulevard Waikiki Beach, Hawaii 96815 ph 808.943.9291 fax 808.944-2782 www.aquaresorts.com Black Diamond Hospitality unveils ‘Hotel Wailea Maui’ New name and new plans for Diamond Wailea Resort & Spa Page 2

“Because of the resort’s sprawling layout and buildings designed with just four units, work is easily isolated to minimize guest discomfort,” commented Henry Perez, General Manager. “Our plan is to have groups of buildings upgraded at the same time, allowing the process to move along very quickly. All work should be done by October 1.”

“Already completed are resurfacing of the pool deck and installation of new outdoor furniture including a fabulous ‘mojito’ daybed which must be experienced to be fully appreciated,” added Perez. “In comparison, work on other public areas will be kept to a minimum as the facilities have been well-maintained and are in pristine condition.”

The fitness center, located below the lobby level, and the full service spa will not be affected.

The Spa at Hotel Wailea offers customers an ocean view and Hydro Therapy System that includes a large whirlpool, dry sauna and pressure body shower along with a wide selection of relaxing and rejuvenating treatments including massages and exotic facials. “Our Spa may be the only facility in the Islands offering the ‘Nightingale’ facial,” noted Perez. “It’s a treatment that recently received national attention when it was mentioned on the Oprah show as a beauty secret of the women of Japan. The facial uses dehydrated nightingale droppings to lighten and even out skin tone.”

For small and mid-size groups, Hotel Wailea Maui offers a variety of meeting and function options. Kaimana Hall, a half moon-shaped room, provides a unique and creative setting with a private pre-function space accommodating up to 100 people. A Special Dining Room is set in permanent boardroom-style seating for intimate meetings of 2-15 people and features natural light and views of the spectacular waterfall and Koi pond. The extensive grounds, gardens and romantic gazebo offer picture perfect backdrops and stunning settings for special events, weddings and receptions.

Guests of Hotel Wailea Maui are fortunate to have award-winning Capische? restaurant located on property and offering al fresco dining with stunning panoramic ocean views. Chef/Owner Brian Etheredge and his staff create unique and inventive fare in a beautiful and relaxing environment. Capische? was recently named ‘Best Italian Restaurant in Hawaii’ by the prestigious Zagat publication.

Guests of Hotel Wailea Maui also have signing privileges at the Grand Wailea Resort Hotel & Spa which includes food and beverage, retail purchases, spa treatments, and full pool privileges with cabana rentals.

Other services and amenities at the resort include: Priority tee times. Hotel Wailea Maui offers live tee-time bookings from the front desk direct to Wailea’s championship Blue, Green and Gold courses. Business Center – which doubles as a library offering light reading material and a computer terminal with Internet access and printer

- more - Black Diamond Hospitality unveils ‘Hotel Wailea Maui’ New name and new plans for Diamond Wailea Resort & Spa Page 3

WiFi access throughout the resort Shuttle service to the golf courses, Wailea shopping and restaurants or to the beach Exclusive use of the Beach Club from 7 am – 3 pm with chairs, umbrellas and bottled water Valet or self-parking Daily continental breakfast and newspaper Weekly manager’s reception Outdoor pool and spacious sundeck Meeting facilities. Laundry facilities; dry cleaning service

Located on the slopes of Maui’s famous Mt. Haleakala (House of the Sun), Hotel Wailea Maui, was acquired by Black Diamond Hospitality in May 2008 and is managed by Aqua Hotels & Resorts, an independent Hawaii hotel company with a growing portfolio.

For reservations, see your preferred travel agent or call Hotel Wailea Maui reservations toll-free at 1-800-800-0720 or book online at www.hotelwailea.com. Hotel Wailea Maui, through Aqua Hotels, is represented in Australia and New Zealand by Travel Reflections, South Korea by Pacific Air Agency Group and Japan by ARM International.

High-rez DIGITAL IMAGES of the resort featured are available below: Hotel Wailea Maui at sunset: http://tinyurl.com/q2d2gt Hotel Wailea Maui grounds with view of Molokini: http://tinyurl.com/qpgboz

About Hotel Wailea Maui Hotel Wailea Maui is an intimate, all-suite retreat situated on a tropical 15-acre site in exclusive Wailea on Maui’s southwest coast. Each of the 72 suites offer spacious 900- square feet of living space which includes a bedroom, sitting area, kitchenette and private lanai with deluxe ocean views and/or garden vistas. The resort also features a special private beach area and easy access to Wailea’s Blue, Gold and Emerald golf courses, the exclusive Shops at Wailea and world-class tennis facility.

Hotel Wailea Maui is managed by Aqua Hotels & Resorts; a Hawaii-owned and operated lodging hospitality company founded by Mike Paulin.

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Media contact: Sandi Yara SANDI YARA COMMUNICATIONS Phone: 808-221-2759 Email: [email protected] Aqua Hotels & Resorts is Hawaii’s first ‘employee-owned’ hotel company

Owners Mike and Aida Paulin give employees a ‘piece of the rock’

FOR IMMEDIATE RELEASE September 5, 2008

WAIKIKI BEACH, Hawaii – Mike Paulin, Owner & CEO of Aqua Hotels & Resorts, a full- service hotel management company, executed the final details of the Employee Stock Ownership Plan that converts Aqua into Hawaii’s first ‘employee-owned’ hotel company. This significant achievement makes it possible for Aqua’s 500 employees to become ‘co- owners’ of the growing Waikiki-based hotel company.

Aqua’s new and unique hotel ownership status is unprecedented in the Islands. Aqua believes hospitality is a highly personal business and this model further motivates employees, who are the cornerstone of the company’s success, by giving them a ‘piece of the rock’ for their diligent work and loyalty.

According to Paulin, “Aida (Mrs. Paulin) and I are sharing 30% of the company with our employees. Each member of the Aqua ohana is eligible to become a co-owner of Aqua after a fixed vesting period.” The value of the initial percentage share of the company is just over $8 million. At a later time, the Paulin’s plan to allocate more ownership of Aqua to their employees.

Paulin believes that the company’s product is its employees and its structure is the service it provides. “I have no doubt that Aqua’s ESOP will attract the best people in the industry to our organization contributing further to our highly regarded service,” added Paulin. “Our ESOP comes at a time when Aqua’s excellent customer satisfaction ratings are leading Waikiki hotels.”

Currently, three Aqua hotels rank in the top 10 of the consumer-driven TripAdvisor ratings and Aqua Waikiki Wave was awarded “Hawaii Region #1 “Best Hotel Values for 2008” by Budget Travel magazine.

While still a fairly ‘new’ company, Aqua’s employees have worked very hard to provide excellent service to their guests and create a highly respected Hawaii hotel brand. “Employee ownership is our way of thanking our ohana for making Aqua the Waikiki leader in guest service and we’re thrilled to make Aqua the first employee-owned hotel company in Hawaii,” added Paulin. “Employee briefings to explain the benefit and qualification process are scheduled. There is no cost to the employee for their participation in this benefit.”

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1850 Ala Moana Boulevard Waikiki Beach, Hawaii 96815 ph 808.943.9291 fax 808.944-2782 www.aquaresorts.com Aqua Hotels & Resorts is Hawaii’s first ‘employee-owned’ hotel company Page 2

Since January 2008, Aqua has added three hotels to its growing portfolio – Park Shore Waikiki, Aqua Waikiki Beachside and Aqua Honolulu Prince, increasing its Waikiki presence to 13unique properties and adding new employees who will also become eligible to share in the success of the organization.

About Aqua Hotels & Resorts

Aqua Hotels & Resorts, a full-service hotel management company, was founded in 2001 by Hawaii hotelier Mike Paulin who started out as a merchant seaman sailing Hawaiian waters in the 1950’s. Since then, he has launched several Hawaii hotel companies including Colony Hotels, Marc Resorts and, with Andre Tatibouet, grew Aston Hotels to International prominence. In 2005, the company launched the Aqua Boutique Collection, appealing to the sense of style and attitude of today’s savvy traveler. In 2006, the Aqua Lite Line was added to represent the company’s transitional and value product. In late 2007, the Aqua Elite brand was unveiled offering sophisticated style and a unique combination of exceptional guest service and innovative technology appealing to both business and leisure travelers.

In 2007 and 2008, Aqua Hotels & Resorts was ranked the #8 ‘Fastest 50’ growing Hawaii Company by Pacific Business News.

Currently, Aqua’s chain-wide inventory of unique properties is located exclusively in Waikiki where it is TripAdvisor's most ‘honored’ hotel company.

Visit www.aquaresorts.com for more information about the company and individual hotels. For reservations, see your preferred travel agent or call Aqua toll free at 1-866-406-2782.

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Media contact: Sandi Yara SANDI YARA COMMUNICATIONS Phone: 808-221-2759 Email: [email protected]