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Host Hotels Extends Management Agreement with Crestline Hotels & Resorts for
the 222-room Hilton Singer Island Oceanfront/Palm Beaches Resort in Florida

Property Completing Multi-Million Dollar Renovation


PALM BEACH, Fla., Jan. 11, 2012 -- Crestline Hotels & Resorts, Inc. today announced that Host Hotels, the owner of the Hilton Singer Island Oceanfront/Palm Beaches Resort in Singer Island, FL, renewed its management agreement with Crestline under a long-term management agreement. The 222 guest room hotel is completing a multi-million dollar renovation. The upscale property is ideally located on the tranquil four-mile stretch of sandy beach on prestigious Singer Island near Palm Beach. Area attractions include the exciting nightlife of Clematis Street, shopping at CityPlace, championship golf courses including the PGA Golf Club, and the trendy boutiques and galleries of Worth Avenue.

"Crestline has worked with Host Hotels since 2000," said James Carroll, President & Chief Executive Officer, Crestline Hotels & Resorts. "We are very honored by the ongoing confidence that Host Hotels places in our management team as we get ready to re-launch this newly renovated hotel," added Carroll.

The Property is Completing a Multi-Million Dollar Renovation
Virtually every facet of the hotel has been renovated. The centerpiece of the renovation is Ketch, the hotel's repositioned restaurant. Ketch's updated design and menu reflect South Florida's ambience. The energy and excitement surrounding Chef Tim Carpenter and his staff promise to make the restaurant the preferred dining choice for Palm Beach when it re-opens in early 2012. The lobby has been redesigned to incorporate the traditional social elements to welcome guests along with the new Hilton Business Center components. The guest bathrooms have been modernized with over half of the rooms featuring sleek new shower stalls. Guests will enjoy the expanded Fitness Center which has been doubled in size. The resort also added a one-of-a-kind 800 square-foot oceanfront meeting room with direct access to the beach. This beautiful new space is a perfect venue for corporate or social gatherings.

More About The Hilton Singer Island Oceanfront Resort
The Hilton Singer Island Oceanfront Resort is located 12 miles from the Palm Beach International Airport and minutes from all of Palm Beaches' cultural, business, and recreational activities. The resort's 222 guest rooms and suites feature balconies and enjoy either an ocean view or island view of the Inter Coastal waterway. For dining, the resort features Ketch serving South Florida Regional Cuisine with distinctive island flair, as well as traditional favorites. Al fresco dining and cocktails on the beachside deck and bar are also available. Additional resort amenities include a heated swimming pool, a children's pool, a private sandy beach fronting the resort, jogging trail, fitness center and an extensive variety of ocean activities available onsite and nearby, including wave runners and parasailing. World class golf is also nearby.

The resort's meeting and banquet facilities encompass 4,600 square feet of indoor and outdoor space and can graciously accommodate groups of up to 150 attendees. For more information or reservations for the Hilton Singer Island Resort call 561-848-3888 or visit online at www.hilton.com.

About Crestline Hotels & Resorts, Inc.
Crestline Hotels & Resorts, Inc. is one of the nation's largest independent hospitality management companies. Founded in 2000, the company presently manages 47 hotels, resorts and conference and convention centers with nearly 8,400 rooms in 11 states and the District of Columbia. Crestline Hotels & Resorts manages 9 independent properties in major US markets including Atlanta, Houston, Los Angeles and Washington D.C. Crestline also manages properties under such well-regarded brands as Marriott, Hilton, Westin, Sheraton, and Crowne Plaza. For more information visit: www.crestlinehotels.com.

Note: Certain matters discussed herein are forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. Certain, but not necessarily all, of such statements can be identified by the use of forward-looking terminology, such as "believes," "expects," "may," "will," "should," "estimates" or "anticipates" or the negative thereof or comparable terminology.

Contact:

Gayle MacIntyre
Global Ink Communications
+1-404-643-8222
gaylemacintyre@aol.com
Web Site: http://www.crestlinehotels.com


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