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Chris Furumoto Appointed Controller of Pala Mesa Resort
in Fallbrook, California


FALLBROOK, Calif., January 16, 2008 — Gemstone Hotels & Resorts, LLC, a leading hotel and resort management company, today announced that it has appointed Chris Furumoto as controller of the San Diego County based Pala Mesa Golf Resort.  In his new position, Furumoto will be responsible for all accounting and financial functions for the resort and golf operations.

“Chris brings more than 20 years of financial experience, including extensive prior experience as a controller in the hospitality industry,” said Dorcas Beck, interim general manager.  “That combination of knowledge and skills makes him an invaluable asset to the Pala Mesa team.”

Prior to joining the Pala Mesa, Furumoto was controller at the Hotel Jerome in Aspen, Colorado.  Previously, he served as controller at three other Colorado-based properties, as well as the Portofino Hotel and Yacht Club in Redondo Beach, Calif. and the Paradise Point Resort and Spa in San Diego.  He began his career as the manager of sales and tax rents for the Chicago-based Follett Higher Education Group after receiving a BBA in Accounting and Finance from the University of Iowa.  Furumoto also is a Certified Public Accountant (CPA).

Surrounded by avocado and citrus groves, the Pala Mesa Golf Resort is located in Fallbrook, Calif., near San Diego.  The property is situated on 205 acres and features one of Southern California’s most challenging golf courses, an 18-hole, par 72 layout rated 4-½ stars by Golf Digest Magazine.  The resort also features the famed Aqua Terra, an upscale restaurant and one of the only in the area that features a sushi & seafood bar, as well as a top selection of prime meats.  Amenities include 17,600 square feet of meeting and function space, spacious guestrooms and suites with private balconies or patios, outdoor heated pool, Jacuzzi and upscale wedding facilities.

Headquartered in Park City, Utah, with offices in Stamford, Conn., Gemstone Hotels & Resorts, LLC, is a full-service management and asset management company that specializes in luxury and upscale urban hotels and complex resorts.  The company is engaged in resort and unique hotel marketing and management and asset management for a variety of major hotel real estate investors and owners.  Gemstone currently manages or asset manages more than 20 projects.  Additional information about the company may be found at www.gemstoneresorts.com.  

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Contact:

Gemstone Hotels & Resorts, LLC
www.gemstoneresorts.com

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Also See: Annapolis-based Chesapeake Hotel Group and Greenfield Partners Acquire The Pala Mesa Resort in Fallbrook, Calif. and Golf Course for $15 million / June 2001
Built in 1982, the Lake Arrowhead Resort and Spa Completes $17 million Renovation; Operator Gemstone Adds Spa and Redesigned Restaurant, BIN189 / March 2007
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