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Eric Calderon Named Chief Operating Officer for Ty Warner Hotels and Resorts; 
Formerly with The Little Nell in Aspen for 18 years
Santa Barbara, CA October 13, 2006 � Ty Warner, owner of Ty Warner Hotels and Resorts, LLC (TWH&R) and Ty Inc., is pleased to announce the appointment of Eric Calderon as the new COO for TWH&R.  Mr. Calderon will be responsible for the operations and management of Ty Warner�s well-known properties including the Four Seasons New York; Las Ventanas in Cabo San Lucas, Mexico; Kona Village Resort in Hawaii; and the Four Seasons Biltmore, San Ysidro Ranch, Miramar Hotel, Sandpiper Golf Club, Rancho San Marcos Golf Course and Montecito Country Club all in Santa Barbara, California.
 
�We are very pleased to have Eric join our team, as he brings a great deal of experience and a keen sense of what it takes to successfully operate our unique collection of properties,� stated Ty Warner.  �Eric has the knowledge and skill set to build an umbrella brand of superior service for TWH&R while still honoring the distinctiveness of the individual hotels, golf courses, and private clubs.� 
 
Calderon grew up on the slopes of Mount Tremblant, in Quebec, Canada, graduated from the Ecole Hoteliere de Lausanne in 1971, and went on to a successful career with Four Seasons Hotels. In 1988, after managing the Lodge at Pebble Beach, he was brought in to open The Little Nell in Aspen, and has been working with the hotel since then for 18 years. 
 
At The Little Nell, Calderon was instrumental in building the team and setting the standards that have earned the property its five star/five diamond rating and numerous accolades over the years. He also oversaw operations at the Snowmass Club, and his duties included managing several projects which are under construction, including the Residences at The Little Nell, The Little Nell at Snowmass, and the property management division at base village in Snowmass.
 
While he will miss life in Aspen, Calderon says he eagerly anticipates the new opportunities at TWH&R.  
 
�It is a great privilege to be able to set up residence in Santa Barbara and be part of a team that manages some of the most desirable destinations in the world,� stated Eric Calderon. �Ty Warner has proven himself to be a visionary with the investments he makes into his properties, and he has some tremendous plans in progress.  I look forward to being part of the journey.�
 
ABOUT TY WARNER HOTELS AND RESORTS
 
Ty Warner Hotels & Resorts, LLC was founded and is solely owned by Ty Warner.  Properties owned by the company include the Four Seasons Hotel New York located on 57th Street. I.M. Pei, the world-renowned architect who also designed the Miho Museum in Kyoto, Japan and the Pyramide du Louvre in Paris, France, designed this hotel.  Other properties include the 75 year-old Four Seasons Biltmore, the Coral Casino Beach and Cabana Club and the romantic 500-acre San Ysidro Ranch retreat, all located in the affluent Montecito community in beautiful California.   Recently added to his unique collection of properties � the enchanting Kona Village Resort located on the Kona Coast of the Big Island of Hawaii, the Las Ventanas Resort in Los Cabos Mexico, the Montecito Country Club located in Santa Barbara, California, and the Miramar Hotel, also in Santa Barbara.  Mr. Warner also owns two magnificent golf courses including the Sandpiper Golf Club, located on the coastal bluffs of Santa Barbara and the Rancho San Marcos Golf Course in the illustrious wine valley of Santa Ynez, California.  All of the properties are currently involved in extensive renovation programs according to Mr. Warner�s vision.
 
ABOUT TY INC.
 
Founded in 1986 by Ty Warner, creator of the wildly popular Beanie Babies®, and celebrating its 20th year, Ty is the leader in plush toys.  In addition to Beanie Babies®, the company�s product line includes: Bow Wow Beanies �, Pinkys �, Punkies®, Pluffies®, Ty Classic®, Beanie Buddies®, Baby Ty®, and Angeline�.  The red Ty Heart Logo®, recognized around the world, can be found on all Ty products available at finer specialty gift retailers.  Visit Ty on the Internet at http://www.ty.com
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Contact:

Erinn Lynch
Community Relations Manager
Ty Warner Hotels & Resorts, LLC
1180 Channel Drive
Santa Barbara, Ca. 93108
(805) 695-8887 ext. 12
(805) 695-8884
 

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Also See: Ty Warner Brings In Rosewood Hotels & Resorts to Manage the Historic San Ysidro Ranch in Montecito, California / May 2006
Luis Fernandes Named Chief Operating Officer forTy Warner Hotels and Resorts / December 2005


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