Valencia Group Sponsors Retail Destination of the Year Award

At World Retail Awards 2008 in Palau Nacional, Barcelona

. October 14, 2008

JULY 18, 2008. The World Retail Awards 2008 organized by Emap Communications in association with Oracle(R), has become one of the world's most distinguished award ceremonies celebrating global retail excellence. This prestigious event is part of the World Retail Congress and all categories that make up the World Retail Awards are judged by an expert panel of judges, the Grand Jury, who select retail organizations that are deemed to be the best in the world.

Presenting the award for Retail Destination of the Year at the April 2008 gala was Andrea Bills, Vice President of New Business Development for Valencia Group, a Houston (USA)-based company, actively involved in the development and operation of luxury hotels that has distinguished itself for being a premier hotel anchor in retail projects and mixed-use environments. Ms. Bills presented the award to "Zlote Tarasay" in Poland, a mixed-use development in the centre of Warsaw, as the winner of the Retail Destination of the Year.

Valencia Group is an independent company focused on development and operation of full-service luxury hotels. Valencia Group is vertically integrated and is an internationally recognized partner for branded luxury residences. Valencia's properties are leading market performers as measured by Smith Travel Research (STR) with gross operating profit generation that ranks at the top tier of all USA luxury hotels, and continue to earn notoriety in World-renowned publications such as Cond'e Nast as one of the "100 Best New Hotels in the World" and Travel + Leisure as one of the "Top 500 Hotels in the World".

Valencia Group continues to forge its position as a mixed-use anchor with projects under development in Vancouver, Houston and Austin, where the right balance of residential, retail and office are creating irreplaceable assets in great urban settings.

For more information about Valencia Group, please visit www.valenciagroup.com, or contact Charlotte Rogers, VP of Public Relations at +1.713.871.0221 or [email protected].

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