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Crestline Hotels & Resorts Selected as the New Management Company for the New Otani Hotel
in Los Angeles; Hotel to be Renamed The Kyoto Grand Hotel and Gardens

MCLEAN, Va. and LOS ANGELES, Nov. 30, 2007 - Crestline Hotels & Resorts, Inc. today announced that it has been selected to manage the luxury 434 guestroom Kyoto Grand Hotel and Gardens, formerly known as the New Otani Hotel. The hotel, which has completed $8 million dollars in property improvements over the last 18 months, is located in downtown Los Angeles near the Civic Center in 'Little Tokyo'.

"The Kyoto Grand Hotel and Gardens is renowned for its excellent guest experience and discerning service," said Dave Durbin, President & CEO, of Crestline Hotels & Resorts, Inc. "We look forward to further bolstering its reputation with our management expertise, as well as enhancing hotel services and amenities," added Durbin.

The Kyoto Grand Hotel and Gardens

The Kyoto Grand Hotel and Gardens offers a first class guest experience. The 21 story hotel offers a unique Japanese Garden in the Sky on its third floor. The traditional one-half acre garden is a miniature version of a 400 year old strolling garden found in Japan. It follows the seven principals of Zen, as do all Japanese gardens. The garden is a favorite retreat for guests, as well as a popular location for weddings and other festive events.

There are 434 guestrooms and suites including three Japanese Suites with 'tatami' rooms. Each guestroom is comfortably appointed with a seating area, a work desk, two telephones and high speed wireless Internet access. For dining the hotel has a selection of three restaurants and two lounges to choose from, as well as a Starbucks coffee bar.

The Kyoto Grand Hotel and Gardens has 6,500 square feet of meeting space that can accommodate up to 500 people for business and social functions. Additional hotel amenities include a Business Center, a Fitness Center, a Sanwa Health Spa featuring Shiatsu massage, underground parking, and adjacent shopping.

The hotel is located at 120 South Los Angeles St, Los Angeles, CA, 90012. It is near the Convention Center and is easily accessed from I-5 and all major Los Angeles freeways. It is 20 minutes from Los Angeles International Airport. For more information and reservations: 213.629.1200 or online at

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 51 hotels, resorts and conference and convention centers with nearly 11,900 rooms in 13 states and the District of Columbia. Crestline Hotels & Resorts manages over 12 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, Renaissance, Sheraton, Crowne Plaza and Wyndham. For more information visit:

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.


Crestline Hotels & Resorts, Inc.

Also See: Affiliates of Warburg Pincus Real Estate I, L.P. Appoint Crestline to Manage the 314 room Hotel Derek in Houston / October 2007

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