HTH Selects Outrigger to Manage Pacific Beach Hotel

Partnership Brings Together Two Prominent Local Hotel Families

. October 14, 2008

OCTOBER 31, 2006. HTH Corporation announced it has selected an affiliate of Outrigger Enterprises Group to manage its 837-room flagship Pacific Beach Hotel, located at the corner of Kalakaua and Liliuokalani Avenues in Waikiki. This management change is scheduled to take effect on January 1, 2007.

'We have chosen Outrigger Enterprises Group because it is a good fit for us,' said Corine Hayashi, HTH Corporation President and CEO. 'My father, Herbert T. Hayashi, and Outrigger's founder, Roy Kelley, were visionaries in the development of the state's hospitality industry and now we have joined together to make the Pacific Beach Hotel even more successful. Pacific Beach Hotel employees will be hired under our new management agreement,' she continued.

'We are pleased with the opportunity to join forces with HTH Corporation,' said David Carey, President and CEO of Outrigger Enterprises Group. 'With Outrigger's advanced technology, systems and global marketing, I believe we will be able to build on a strong history of guest service and continue the success of the Pacific Beach Hotel. The current HTH management team has done very well for the property. The hotel offers one of the best locations in Waikiki - just across Kalakaua Avenue from world-famous Waikiki Beach - with a 37-year legacy of excellent service,' he continued.

'We are proud to include Pacific Beach Hotel in our fine family of accommodations in Hawaii and the Pacific,' Carey said. 'The Pacific Beach Hotel will continue to be one of the great full service hospitality choices in Waikiki, which has now returned to the top tier of world class destinations,' he added.

No change will be made to the hotel's name. It will continue to be called the Pacific Beach Hotel. HTH Corporation will continue to manage the Pagoda Hotel in Honolulu, with the famous Pagoda Floating Restaurant, and the King Kamehameha's Kona Beach Hotel on the Island of Hawaii.

Herbert T. Hayashi purchased the Pacific Beach Hotel in 1970 and built the Oceanarium Tower. The famous landmark indoor Oceanarium, with its three-story structure and 280,000 gallons of seawater, was created in 1978 and became the largest indoor oceanarium in the state. H.T. Hayashi, one of the most innovative leaders in the visitor industry, died November 6, 2005. The founder of HTH Corporation was 85 years old.

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