Elegant Hotels Group Barbados Appoints New CEO

. October 14, 2008

SEPTEMBER 8, 2008. Elegant Hotels Group, Barbados, a portfolio company of Vision Capital, London, today announced the appointment of Howard B. Friedman as Chief Executive Officer (designate).

A seasoned executive with more than 20 years of hospitality industry experience, Friedman joins Elegant Hotels Group from Hilton International where, in his role as president-UK and Ireland, he was responsible for the performance of a 73-hotel portfolio. Prior to that, he was based in Miami as president-The Americas, where he managed the operations and development of the Hilton brand in the Caribbean, South America, Central America and Canada. Friedman also spent eight years with Hilton Group PLC, where he was in charge of all aspects of a three million square foot commercial real estate portfolio.

"I am delighted to welcome Friedman, who joins at a very exciting time when plans for a substantial investment in the properties are underway," noted Patrick Copeland, Chairman of the Elegant Hotels Group. "He is well suited to become the driving force behind the Group's continuing development as a leading hotel operator on Barbados, thereby providing the best possible experience for its guests."

Friedman was born and educated in South Africa and moved to the U.S. in 1981. A Certified Public Accountant, he holds a Bachelor of Commerce from the University of Cape Town in South Africa.

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