Lewis N. Wolff, Vice Chairman of Rosewood, praised Mr. Brown for his "strong operational contributions over the past five years which have enabled the company to set the benchmark for the 5-star luxury hotel category experience." Schuyler B. Marshall, a Director of Rosewood, added "Jim's decision to resign after five years with Rosewood was accepted with the understanding that he desired to pursue other opportunities in the hotel management business, and with appreciation for his energetic effort and positive contributions on behalf of Rosewood."

John Scott, who has served as a member of Rosewood's Board of Directors for six years, joins Rosewood's management from Maritz, Wolff & Co. where he was Managing Director of Acquisitions and Asset Management, leading acquisition and asset management efforts for luxury hotels and resorts. Maritz, Wolff owns 50% of Rosewood Hotels & Resorts, in partnership with the Rosewood Corporation. It also owns a portfolio of 17 premier luxury hotels and resorts in the US, Canada, Australia and the Caribbean with a combined asset value in excess of $1.5 billion. Mr. Scott's experience as both an owner and operator of world-class luxury hotels will play a pivotal role in helping Rosewood take advantage of growth opportunities at a very challenging time for the industry.  Additionally, his familiarity with Rosewood's properties, senior management and staff, and its unique corporate culture, will ensure a smooth transition.

Prior to joining Maritz, Wolff in 1996, Mr. Scott worked with the Walt Disney Company, as Manager of Business Planning and Development, where he led business development efforts for a $100 million retail, dining and entertainment attraction.

Mr. Scott began his career at the Interpacific Group, where he held senior hotel management positions including General Manager, Resident Manager, and Assistant Food & Beverage Director for the Asia Pacific hotel development and management company.

According to Caroline Rose Hunt, Rosewood's honorary chairman of the board and the visionary behind the development of award-winning Rosewood properties such as The Mansion on Turtle Creek, "We are quite pleased to have John Scott serve as our new President and CEO. With his outstanding hotel management expertise as well as his impressive record for growth, he is ideally suited to accelerate the company's growth worldwide while preserving and fostering Rosewood's unique philosophy. I am certain that his leadership will help the company achieve a new level of excellence."

Mr. Scott, who holds an MBA from Harvard Business School, and a BA from Dartmouth College, is married with two children. He has served on the board as well as been an active member of many St. Louis civic, arts and non-profit organizations.

Rosewood Hotels & Resorts, headquartered in Dallas, Texas, manages properties on three continents worldwide, including The Carlyle in New York City, The Mansion on Turtle Creek in Dallas, Little Dix Bay in the British Virgin Islands, and Las Ventanas al Paraiso in Los Cabos, Mexico. Each Rosewood property is pre-eminent in its region, and artfully designed with local inspiration to create A Sense of Place(R). Throughout its 24-year history, Rosewood has delighted guests and elevated hospitality to a new level by providing discrete, personalized service and demonstrating remarkable attention to detail.