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Richard Delany Named President and Managing Director of the
Old Edwards Inn and Spa, Highlands, North Carolina

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HIGHLANDS, N.C., June 3, 2008 - Old Edwards Inn and Spa owner Art Williams announced today the hiring of Richard Delany as president and managing director. Delany joins Old Edwards Inn from the highly-acclaimed Sea Island Resort in Sea Island, Ga., where he served as general manager.

Delany brings a wealth of experience from hotels, inns and resorts listed among America's finest as recognized by both AAA and Mobil rankings. Since 2005, he has been general manager of The Lodge at Sea Island, a 40-room luxury resort and recipient of the Mobil Five Star and AAA Five Diamond awards for each of the past three years.

Prior to his management experience at Sea Island, Delany was, for 12 years, general manager of The Fearrington Village, a sophisticated 33-room Country House hotel and restaurant near Raleigh, N.C. This property has carried the AAA Five Diamond award every year since 1994 and the Mobil Five Star award each year since 2000.

In joining the team at Old Edwards Inn and Spa, Delany told owner Art Williams, "This property and facility has every opportunity to achieve the very highest standard and recognition in the luxury hotel and restaurant industry, and that potential is why I would leave an exclusive resort like Sea Island." Delany's wife, Melissa Delany, also has management and sales experience at properties such as The Cloister Hotel in Sea Island and Fearrington House and will be director of sales at Old Edwards Inn.

Old Edwards Inn owner, Art Williams believes Delany brings the experience and expertise necessary to put Old Edwards Inn and Spa among America's elite, small luxury hotels and resorts, noting, "We're fortunate to have an industry leader of his caliber, someone who not only shares our vision for this property, but knows how to achieve it."

Old Edwards Inn and Spa is a AAA Four Diamond award winner, a member of the National Trust Historic Hotels of America and a member of Boutique -- the newest brand within the Preferred Hotel Group. The property is a Recommended Hotel in Conde Nast Johansens Recommended Hotels, Inns and Resorts Guide for 2005, 2006 and 2007 and was nominated for Most Excellent Inn 2006 and 2007. Madison's Restaurant and Wine Garden received Wine Spectator magazine's Award of Excellence in 2005 and 2006. Old Edwards Inn and Spa is comprised of the following:

Old Edwards Inn: 32 guestrooms and suites in the original 1878 structure. The building has been completely renovated since Mr. Williams purchased the property in 2001 and includes four spa suites, two luxury spa suites, two three-bedroom Spring Street Cottages and a three-bedroom Farmhouse.

The Lodge at Old Edwards Inn: 29 guestrooms and suites including a four-bedroom luxury cottage.

Madison's Restaurant and Wine Garden: combines elevated Southern cuisine with a Wine Spectator award-winning wine list. Inn guests may also gather in the Hummingbird Bar and Library or the Rooftop Terrace for cocktails or High Tea.

The Spa at Old Edwards Inn: 25,000 square feet of European luxury including ladies' and men's locker rooms, steam rooms, mineral whirlpools, ladies' sauna, a spa solarium, a nap-reflection room and expanded Spa Terraces where guests may relax or dine al fresco.

The Fitness Center: a state-of-the-art exercise studio featuring TECHNOGYM fitness equipment and a heated, outdoor, mineral and saltwater swimming pool.

Acorns, The Shop at Old Edwards Inn: presenting fine European and American antiques, special gifts and home accessories including imported linens. The boutique features designer apparel, jewelry, handbags and accessories.

The Executive Conference Center: capable of hosting up to 100 guests for meetings and private dining events with full audio-visual support and wireless Internet.

The Farm at Old Edwards Inn: situated on 33 acres of beautifully landscaped gardens just one mile from the Inn, The Farm at Old Edwards Inn hosts luxury special events and weddings with a Wedding Lawn and all-white garden, Event Terrace and restored Barn with a full catering kitchen. The Farm can host up to 200 guests for an outdoor reception and up to 60 indoors, as well as six overnight guests in its three-bedroom Farmhouse.

Located at 4,100 feet in the mountains of western North Carolina just above the north Georgia border and two hours north of Atlanta, the climate of this intimate town of 3,000 people is a major draw for visitors from across the South.

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Contact:

Old Edwards Inn and Spa
 http://www.oldedwardsinn.com/

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Also See: Sea Island's Fabled Flagship Hotel, The Cloister at Sea Island, Reopens Following a three-year Renovation / March 2006
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