"The information disseminated via press release on Tuesday by the Wyndham Hotel Group was based on very preliminary information relayed from the on-site damage assessment team. The information released correctly stated that there were no serious injuries and that all of our guests had been properly accommodated. However, we have amended our preliminary statement regarding the amount of structural damage incurred by the five properties owned or managed by Patriot American/Wyndham International.

"We have sent a damage assessment team comprised of corporate officials, consultants and adjusters to fully assess the damage to our owned properties, which include the El Conquistador Resort Country Club, the El San Juan Hotel and Casino, and the Condado Plaza Hotel and Casino, and to our managed properties, which include the Old San Juan Hotel and Casino and the Wyndham Palmas del Mar. We wish to restate and emphasize that none of the properties was destroyed and that all of the properties can be placed back in service as construction schedules will allow. All of these assets are fully insured both with comprehensive property damage and business interruption insurance.

"Our team reports that we can expect the El San Juan and Old San Juan to be open the week of September 28. We expect the Condado Plaza to be closed for approximately 30 days. We expect to re-open guest rooms at Palmas del Mar as early as next week and the stand-alone ballroom at a later date. Finally, with regard to the El Conquistador, we expect to re-open the property in early October, with certain of the suites in Las Casitas and some ancillary facilities expected to be re-opened in early November.

"Our estimates regarding re-opening dates, of course, are contingent upon the availability of materials and construction teams, as well as full damage assessment reports from our insurance companies and consultants.

"Finally, to the extent that our Puerto Rico properties are not operating at their full capacities, and may not be for a period of time, we believe this incident may have some impact on third- and fourth-quarter earnings. However, we are committed to completing our assessments and necessary repairs -- structural and otherwise -- before the December holidays, which represent the beginning of our peak season.

"In total, we are grateful that what could have been a catastrophic event was, thanks to the absence of serious injuries, a manageable event for us and our experienced resorts management team. We will provide updated information if and as needed."

About Patriot American Hospitality, Inc./Wyndham International, Inc. Based in Dallas, Texas, Patriot American Hospitality, Inc. is currently the nation's second-largest hotel real estate investment trust (REIT) with a portfolio comprised of 486 owned, managed, leased or franchised hotels and resorts with approximately 105,000 rooms. Its paired operating company, Wyndham International, Inc., controls the operations of Grand Bay Hotels and Resorts Division, the Wyndham Hotel Group (comprised of Wyndham Hotels, Wyndham Resorts, Wyndham Garden Hotels, Wyndham Grand Heritage, and Malmaison), the All-Suites Division (including Summerfield Suites) and the Management Services Group, which provides management services for third-party owned hotels and resorts.

Forward-Looking Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  The company's actual results could differ materially from those set forth in the forward-looking statements.  Certain factors that might cause such a difference include competition for guests from other hotels, dependence upon business and commercial travelers and tourism, the seasonality of the hotel industry, and the availability of equity or debt financing at terms and conditions favorable to the Companies.