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Sands Resorts Holdings LLC. Appoints Boykin to
Manage Five Condominium Resort Properties
in Myrtle Beach

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Cleveland, Ohio, April 18, 2005 — Boykin Management Company, one of the nation’s leading independent hotel and resort management companies, has announced the addition of Sands Resorts to its managed portfolio.  Sands Resorts, one of Myrtle Beach’s largest collections of oceanfront condominium hotel units, suites and villas, is owned by Sands Resorts Holdings LLC.

The Sands’ properties (www.sandsresorts.com) include 1,513 units and are proximate to one another at the northern end of Myrtle Beach.  Sands Resorts includes five condominium resort properties: the Sand Dunes Resort Hotel, Ocean Dunes Resort and Villas, Sands Beach Club, Ocean Forest Villas, and Ocean Forest Plaza. The Sands’ resort facilities include a multitude of recreational activities and amenities, including the Sands Waterpark, indoor and outdoor pools, lazy rivers, saunas and whirlpools, the Sands Health Club, and tennis courts. In addition, Sands has a variety of oceanfront restaurants and lounges, the River City Café™, extensive conference and meeting facilities, a centralized reservation center and a commercial laundry operation.  Nearly 1,100 unit owners are enrolled in the Sands rental program. 

Legends Golf (www.legendsgolf.com), an affiliate of Sands Holdings L.L.C., has controlling interests in eight of the premier resort golf courses in Myrtle Beach. Sands’ guests and unit owners have access to all of the Legends golf courses, which include the Heathland, Moorland, Parkland, Oyster Bay Golf Links, and Heritage Club courses, and the Norman, Love and Fazio courses at Barefoot Golf. 

“We are delighted that Sands Resorts Holdings LLC has selected Boykin as its operating partner and we fully expect that our expertise in operating independent condominium resorts will bring high value to the Sands operation and unit owners. Myrtle Beach continues to grow as one of the nation’s most popular resort destinations, and is a strong compliment to our resort operations in North Carolina and Florida. We expect the transition to be seamless to guests, employees, and the unit owners” stated Joseph Smith, Chief Operating Officer of Boykin Management Company. 

Larry Young, the Chairman of Sands, said: "We are pleased to announce an alliance with Boykin Management Company.  As a first step, we have asked Boykin to review and assist in the management of the Sands' resort hotels here in Myrtle Beach.  We plan immediately to move forward on some of the new projects that have been under study for some time, and to work with Boykin in developing those for the Grand Strand market." 

About the Company
Boykin Management Company operates first-class and upscale full service, resort, condominium and conference center hotels. Boykin Management Company currently operates branded and independent hotels with over 8,500 rooms from coast to coast.  For more information about Boykin Management Company, please visit our website at (www.boykin.com).

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Contact:

Boykin Management Company
Grant Sabroff
Senior Vice President of Business Development
(216) 430-1282
www.boykin.com

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Also See: Frans Mustert, Who Helped Grow Sands Resorts for 26 years, Resigns as President / May 2002
Boykin Lodging Company Sells Hotel 71 in Chicago, Illinois for $95 million / April 2005


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