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Barcelo Crestline Corporation Appoints Fernando Mulet
to Vice President of Development & Asset Management
MCLEAN, Va., Nov. 20, 2006 - Barcelo Crestline Corporation today announced the appointment of Fernando Mulet to Vice President of Development & Asset Management. He recently served as Director of International Investments & Asset Management for Highland Hospitality Corporation (NYSE: HIH).

In his new position, Mr. Mulet will identify investment opportunities, direct all needed feasibility studies and negotiate the acquisition of properties and hotels throughout Mexico, the Caribbean, and Latin America for the company. In addition, he will provide asset management guidance for the properties in the Playa Hotels & Resorts, S.L. portfolio. Mr. Mulet will report directly to Bruce Wardinski, Chairman & CEO of Barcelo Crestline Corporation.

"Fernando's international hospitality management knowledge, coupled with his background in finance, provides a broad depth of experience in helping us identify suitable properties as we grow our portfolio," said Wardinski. "We welcome his expertise and commitment to success as we thoughtfully grow our holdings," added Wardinski.

Mr. Mulet is a native of Spain. He earned his degrees at the Universidad Complutense de Madrid and Universidad Pontifica de Comillas (ICAED). He continued his education in the US at Cornell University where he earned a certification in Real Estate, Development and Hotel Investment. He began his hospitality career with Barcelo Hotels & Resorts in Mexico, Spain and Orlando, Florida and has also held positions in international banking. Mr. Mulet can be reached at fernando.mulet@barcelocrestline.com.

Barcelo Crestline Corporation
In June of 2002, Crestline Capital Corporation merged with Barcelo Corporacion Empresarial -- owner of Barcelo Hotels & Resorts. After the merger, Crestline Capital Corporation became a wholly owned subsidiary of Barcelo Corporacion Empresarial and changed its name to Barcelo Crestline Corporation. Based in Palma de Mallorca Spain, Barcelo Corporacion Empresarial, together with its affiliates, is one of the world's largest hospitality companies. Today, Barcelo Crestline Corporation leases 19 limited-service hotels and subleases 71 limited-service hotels. The privately owned company has significant equity interests in several upscale hotels and is parent to Crestline Hotels & Resorts, Inc., which is among the nation's 10 largest independent hospitality management companies. The company also asset manages the entire portfolio of all-inclusive resort properties for Playa Hotels & Resorts, S.L., a privately held Spanish company which currently owns seven resorts in Mexico and the Dominican Republic. 

Certain matters discussed herein are forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. 

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Contact:

Barcelo Crestline Corporation
barcelocrestline.com
 

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Also See: Vicki Denfeld Promoted to Senior Vice President, Sales & Marketing For Crestline Hotels & Resorts / January 2004


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