Eden Roc Miami Beach Announces New Management, Destination Hotels & Resorts, for Miami Property

Leading hospitality management company to reinvigorate prestigious Eden Roc brand

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. June 19, 2013

Miami, FL, June 18, 2013 - Hotel investment group Eden Roc LLLP, the owner of the historic Eden Roc Hotel, announced today that Destination Hotels & Resorts will assume management of the luxury property beginning July 11, 2013. The 21-floor, 631-room hotel, formerly known as the Eden Roc Renaissance Hotel, has been rebranded as the Eden Roc Miami Beach.

“This transition marks the beginning of a new era for Eden Roc Miami Beach, one of the most iconic luxury hotels on Miami Beach,” said Diego Ardid, Principal of Eden Roc LLLP. “With the seasoned management team from Destination Hotels & Resorts in place, Eden Roc will be ready to achieve its true potential by providing our guests with an extraordinary lifestyle experience that fully leverages the resort's amenities, including renowned restaurants, the first-ever ELLE Spa and its breathtaking views of Miami Beach from the comfort of luxurious guest rooms, suites and bungalows.”

The upward repositioning of Eden Roc Miami Beach will attract the discerning local, domestic and international leisure traveler, as well as the premium group and event customer who seeks an authentic, enriching experience in a stylish setting. The 71,000 square-feet of indoor and outdoor function space provides flexibility for today's contemporary meeting, wedding or social event.

Overlooking world-renowned Miami Beach on prestigious Millionaire's Row, the Eden Roc Miami Beach is revered as a Miami Beach legend, showcasing iconic style, modern architecture and contemporary glamour. Designed by famed architect, Morris Lapidus, the hotel boasts an extraordinary history. Famous for being host to Hollywood greats, like Elizabeth Taylor, Liberace, Katharine Hepburn, Harry Bellafonte, Lauren Bacall and Humphrey Bogart since 1956, Eden Roc Miami Beach continues to attract guests and celebrities alike - providing an alluring escape and vibrant urban resort destination.

Destination Hotels & Resorts, the country's fourth largest hospitality management company, celebrates its 40th anniversary this year as a leader in hospitality and property management with proven success in marketing, managing and operating a diverse collection of upscale and luxury hotels, resorts and condominiums.

“We are thrilled to welcome such an esteemed property into our portfolio,” said Jamie Sabatier, President and Chief Operating Officer of Destination Hotels & Resorts. “We are confident that our customized hospitality solutions and repositioning expertise, combined with our sophisticated management platform will elevate Eden Roc Miami Beach and drive ultimate success.”

Under Destination Hotels & Resorts management, Eden Roc Miami Beach will have access to industry-leading services, including the Libra Hospitality Relationship Management® customer relationship program, digital and social media marketing solutions, the Destination Delivers guest loyalty program, public relations, preferred partner relationships with luxury consortia, and an enhanced revenue optimization and distribution platform. Eden Roc Miami Beach is the 13th city hotel in Destination's urban collection.

“We are excited to move forward with a team of seasoned professionals who understand luxury lifestyle brands and who will establish Eden Roc Miami Beach as the premiere Miami Beach resort destination.” concluded Mr. Ardid.

For current information prior to Destination Hotels & Resorts onsite management effective July 11, 2013, visit www.destinationhotels.com/eden-roc.

About Eden Roc Miami Beach Eden Roc is an iconic 21-floor, 631-room art deco hotel overlooking world-renowned Miami Beach, on prestigious Millionaire's Row. The legendary property, which was designed by architect Morris Lapidus and opened in 1956, was acquired by Eden Roc LLLP in 2005. It underwent a $250 million renovation and expansion that included the addition of a new guest tower, a luxury spa, state-of-the-art indoor meeting spaces, banquet rooms, two restaurants, and more.

About Destination Hotels & Resorts Destination Hotels & Resorts is a privately held hospitality management company headquartered in Colorado. With nearly 40 independent, luxury and upscale hotels, resorts and golf clubs, Destination is the fourth largest hospitality management company in the country. The company's portfolio features more than 9,100 guest rooms, 18 golf courses and 16 full-service spas. Destination Hotels & Resorts properties are located in key metropolitan and resort markets including Washington, D.C., Chicago, Seattle, Denver, San Diego, Santa Fe, Aspen, Phoenix, Portland, Palm Springs, Palos Verdes, Miami Beach, Maui and Lake Tahoe. The company is a subsidiary of Los Angeles-based investment, development and management firm Lowe Enterprises. For a complete list of properties in the Destination Hotels & Resorts collection, please visit www.destinationhotels.com.