Remington to Develop and Manage 530-Room Las Montanas Resort Hotel & Spa in Indian Wells, CA

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. October 14, 2008

DALLAS, TX, December 2, 2005. Remington Hotel Corporation today announced plans for the development of Remington Las Montanas Resort Hotel & Spa in Indian Wells, CA. Construction on the new hotel condominium resort is expected to commence in late-2006 with a grand opening planned for 2008.

The Remington Las Montanas Resort Hotel & Spa will include a 530-room resort hotel and 265 hotel condominium units. Located south of Miles Avenue and immediately west of Washington Street in Indian Wells, the resort will cater to National Association and Fortune 500 Corporate groups with its 65,000 square feet of state-of-the-art meeting space, ballroom, private screening and pre-function rooms. A 15,000-square-foot spa and fitness center will entice both owners and guests to stay in shape while experiencing the finest resort in the Coachella Valley. Separate family and adult leisure areas along with elegant pools and spectacular water activity areas as well as a spa pool, will raise the relaxation possibilities to new levels. Chipping and putting greens with mountain views will prepare owners and guests for the challenges presented by Indian Wells' world famous golf courses.

Designs for the Remington Las Montanas Resort Hotel & Spa also place an emphasis on dining options, with formal dining for both lunch and dinner, a three-meal restaurant that serves family poolside and family interior dining, a walk-up/poolside bar at the adult pool, wellness dining at all restaurants and a lobby bar. Plans also call for a kids club, golf and tennis concierge, a private owner's concierge and 1,000 square feet of retail space.

Remington has teamed with an affiliate of Sanderson J. Ray Development and Trillium Resorts to develop Las Montanas. In addition to being a partner in Remington's new venture, Sanderson J. Ray Development will also be developing a high-end retail component to the resort immediately across Miles Avenue. Trillium Resorts will be responsible for leading the condominium sales and marketing effort. A VIP list is now forming and sell-out is expected by Spring 2006. Remington will coordinate all development activity; execute all aspects of on-site management and operations at the resort; operate the condominium rental program; manage the condominium owners association; and develop and execute sales and marketing strategies for the condominium rental program.

"Remington Las Montanas Resort Hotel & Spa has all the elements in place to become a phenomenal success story for Remington, Sanderson J. Ray and Trillium," noted Mark Sharkey, Chief Operating Officer of Remington. "Putting our 35 plus years of hotel development experience to work we have created what will be Indian Wells' newest and finest hotel condominium resort, highlighted by luxurious amenities and space for owners and guests alike. We expect Las Montanas to attract discerning buyers and discriminating leisure guests as well as large and small group clients from all over the world. We have also assembled a first-class team that will ensure all aspects of the pre-selling, development, construction and management of Remington Las Montanas Resort Hotel & Spa will be led by the best in the business. In short, we could not have envisioned a better project to continue to expand Remington's growing presence in the vibrant hotel condominium market."