FAIRFAX, Va., Jan. 4, 2013-- Crestline Hotels & Resorts, Inc. announces that it has been selected by The Grand Caymanian Ltd., a Grand Cayman-owned hotel and resort development company to manage the Grand Caymanian Resort on Grand Cayman. The Grand Caymanian Resort is located at 278 Crighton Drive, directly on the North Sound adjacent to the North Sound Golf Club. The property is undergoing extensive modifications and improvements to become the Holiday Inn Resort Grand Cayman in early 2013--in time for the tourist season. Enhancements to the interior and exterior of the resort are being made to provide guests with the amenities and services they expect in a high-quality resort, including free Wi-Fi access in all guestrooms, public areas and meeting spaces; expanded food and beverage options to include a signature Breakfast Buffet and enhanced dining options such as "kids under 12 eat free"; children's activity programs; interactive water features on the main pool deck; and upgraded bath amenities. Resort amenities include a beachside freshwater pool with a sundeck; a private boat dock featuring regular excursions to the island's most popular attractions such as Stingray City, snorkeling on the reefs, scuba diving, and deep sea fishing. Championship golf is also in close proximity to the resort.

"The Grand Caymanian Resort is located on one of the Caribbean's most delightful destinations," said James Carroll, President & Chief Executive Officer of Crestline Hotels & Resorts. "We are excited to work with the group at Grand Caymanian Ltd as we bring our hospitality management experience to the island and help enhance this resort's reputation as a first class destination hotel," added Carroll.

This agreement reflects the growth of Crestline's management business in the Caribbean. Crestline Hotels & Resorts is in discussions with a number of hotel owners in the region who are looking to bring in professional management whose expertise in sales and marketing will drive incremental revenues.

Grand Cayman is 22 miles long and 8 miles across at its widest point. The island boasts exceptional sea and bird life and is a favorite destination for divers and naturalists, as well as beach lovers. The Cayman Islands is a British Overseas Territory located in the Western Caribbean, 480 miles south of Miami, Florida, 150 miles south of Cuba and 180 miles northwest of Jamaica. By jet, the Cayman Islands is only a 70-minute non-stop flight from Miami and is serviced by several major airlines, as well as inter-island flights through Cayman Airlines. The main passenger airport in the Cayman Islands, "Owen Roberts International Airport", is located on Grand Cayman.

For more information and reservations at The Grand Caymanian Resort visit www.grandcaymanian.ky or call 1-345-949-3100.

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 44 hotels, resorts and conference and convention centers with nearly 7,600 rooms in 10 states, the District of Columbia and Cayman Islands. Crestline Hotels & Resorts manages 10 independent properties in major US markets including Atlanta, Richmond and Washington D.C. Crestline also manages properties under such well-regarded brands as Marriott, Hilton, Westin, and Crowne Plaza. For more information visit: www.crestlinehotels.com.

About The Grand Caymanian Ltd.
The Grand Caymanian Ltd. is a Caymanian owned Resort Development Company. The company is currently engaged in an aggressive expansion strategy, seeking value added and opportunistic investment opportunities in select service hotels.

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