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Wavestone Properties Appoints Sonesta International Hotels to
Operate the 249 room Miami Sole on the Ocean Condo/Hotel



BOSTON, Oct. 15, 2008 - Sonesta International Hotels Corporation announced today that Sonesta Sole Miami will be the newest addition to the Sonesta Collection. Opening in Miami this winter, the luxurious new resort developed by Wavestone Properties, makes the most of its spectacular beachfront location.

Located in Sunny Isles, the hottest new destination in Miami, the 249-room Sonesta Sole will offer 4-diamond services and amenities. The 23-story high-rise will feature a spectacular beach, a dramatic 2-story lobby, destination restaurant, rooms with floor-to-ceiling windows and individual balconies capturing sweeping views of the ocean and intercoastal waterway.

The resort will offer a swimming pool on the beach overlooking the ocean, a health club with several private treatment rooms, boutique
shopping, a fine-dining ocean-view restaurant, and pool bar & grille. The resort also features 5,000 square feet of meeting and event space. Guest rooms will highlight contemporary decor and luxurious amenities. 147 of the 249 guest rooms are two rooms with full kitchens. Guest rooms are steps to the ocean. A soft opening is planned in January.

Once known as the "Vegas of Florida" and a regular hangout for the Rat Pack, Sunny Isles has experienced a recent resurgence and re-earned its nickname "Florida's Riviera". Sonesta Sole is located at 17315 Collins Avenue, just minutes from Bal Harbour Shops and mid-way between Ft. Lauderdale and Miami International Airports.

About Wavestone:

Founded in 1995, Wavestone Properties is a New Jersey based company that develops and manages high quality, multifamily rental and
condominium projects in urban markets. Wavestone also owns and operates Sole East Resort in Montauk on Long Island. Wavestone believes that a successful building project not only enriches investors, employs workers and contributes to the community; it enhances the lives of all who touch it. The company maintains a strong philosophy of delivering a high-end finished product which has resulted in numerous design and historic preservation awards.

About Sonesta:

The Sonesta Collection is a distinctive international collection of upscale hotels, resorts and cruise ships. Every property reflects the
energy, style and spirit of its location. Locally-inspired and artfully-presented cuisine, luxurious accommodations and passionate
personal service create an authentic and memorable guest experience. For over 60 years, Sonesta (Nasdaq:SNSTA) has owned, managed, designed, built and marketed hotels throughout the world. Discover the Sonesta Collection in Boston, New Orleans (2), Miami (2), St. Maarten (2), Brazil (2), Peru (6) and Egypt (12). Look for Sonesta opening soon in Jaco Beach, Costa Rica. Visit or call 800.Sonesta (800.766.3782) in the U.S. and Canada.


Sonesta Collection: Hotels, Resorts, Cruises
Lorie Juliano, Corporate Director of Media Relations

Also See: Wavestone Properties Selects Kimpton to Operate the 250 room Solé On the Ocean in Sunny Isles, Florida / July 2006

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