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The Procaccianti Group Names Sam Guedouar
General Manager of the Providence Westin
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PROVIDENCE, R.I., July 18, 2006 - Cranston, Rhode Island-based real estate developer/hotelier The Procaccianti Group (TPG), announced
today that Sam Guedouar has been appointed as General Manager of the Providence Westin. Guedouar will assume his new role effective Monday, July 24.

"We are looking forward to Sam managing the Providence Westin. He has extensive experience and made a tremendous impact during his assignment as General Manager at our Four Star InterContinental in Kansas City," said Elizabeth Procaccianti, COO of The Procaccianti Group. "Sam has a tremendous commitment to excellence and guest satisfaction that we know will serve Providence's premier hotel very well."

Guedouar joined TPG as General Manager of The Four Star InterContinental Kansas City at the Plaza. Prior to joining TPG, Guedouar
served as General Manager for several Luxury and Upscale properties including the Lake Lawn Resort in Lake Geneva, WI; Hotel ZAZA in Dallas, TX; The US Grant Historic Hotel in San Diego, CA; and The W Hotel in Newark, CA.

Guedouar joins a team of General Managers lead by Regional Director, Alan Stegman, another skilled and proven industry executive. Stegman joined TPG following a distinguished career with Hilton Corporation that spanned more than 17 years.

"The Westin Providence is a fantastic property with tremendous personality in the heart of a city enjoying a remarkable rebirth," said Alan Stegman, Regional Director of Operations for The Procaccianti Group. "Sam's contemporary style, extensive experience, and skilled leadership will be a real positive injection to the already stellar performance of the Westin Providence."

The Westin Providence is currently undergoing a large expansion project that includes the construction of a 32-story tower. The tower will include 200 additional hotel rooms and 103 luxury residential units -- The Residences at the Westin Providence. Once complete, The Providence Westin will boast 564 guest rooms securing its position as the largest hotel in Rhode Island's capital city.

About The Procaccianti Group (TPG)

The Procaccianti Group (TPG) is a second generation, privately held real estate investment company that specializes in acquisition, renovation and management of investment real estate. TPG has owned or developed more than 17 million square feet of real estate assets, valued at nearly $4 billion. TPG is comprised of various companies engaged in hospitality management, mixed-use development, design and construction, purchasing, property management, asset management and lending.

TPG currently owns 43 hotels totaling 11,217 guest rooms in 16 states and employs nearly 6,000 people from coast to coast with 200 professionals based at the corporate headquarters in Rhode Island.

The Procaccianti Group is ranked within the top ten US-based hotel owner operators.

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Contact:

    Ralph V Izzi Jr.
The Procaccianti Group
401-946-4600
    rizzi@procgroup.com
http://www.procgroup.com

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Also See: The Rhode Island Convention Center Authority Votes to Sell the State-owned Westin Providence to The Procaccianti Group; The Board Rejects Governor of Rhode Island Plea to Halt Sale / March 2005
Christine Nevers Named General Manager of the Boutique Hotel Providence, Providence, Rhode Island / June 2006
The Procaccianti Group Starts Conversion of the Holiday Inn Downtown Providence to The Hilton Hotel Providence; Redevelopment Includes Complete Interior and Exterior Renovations / August 2005

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