Tecton Hospitality Earns Preferred Management Company Designation from Starwood

. October 14, 2008

MIAMI, FL, August 1, 2005. Tecton Hospitality today announced that it has earned the preferred management company designation from Starwood Hotels and Resorts Worldwide Inc. Tecton was chosen to manage hotels in Starwood's Westin, Sheraton, Luxury Collection and Four Points brands.

Tecton earned the designation as a result of its outstanding performance with its other properties, such as the Sheraton Atlantic Beach in North Carolina and The Water Club in Puerto Rico, according to Raul Leal, president of the company.

"Starwood executives noticed our track record of success with hotels in our branded and boutique portfolios," Leal said. "We're pleased to have earned this designation and look forward to partnering with Starwood on future projects."

Starwood is one of the world's largest hotel and leisure companies with brand names that include St. Regis(R), The Luxury Collection(R), Sheraton(R), Westin(R), W(R) and Four Points(R) by Sheraton. At Dec. 31, 2004, Starwood's hotel portfolio included owned, leased, managed and franchised hotels totaling 733 with approximately 231,000 rooms in 80 countries. The portfolio consists of 140 hotels that the company owns or leases or in which Starwood has a majority equity interest, 283 hotels managed on behalf of third-party owners and 310 hotels for which the company receives franchise fees.

Tecton Hospitality provides a wide range of management services to both institutional and individual owners of hotels in the United States and Caribbean. The Miami-based company operates branded hotels, including full-service properties and resorts under the Sheraton, Marriott, Hampton Inn, Holiday Inn and Best Western names, as well as boutique hotels through the Desires boutique-hotels division. The Desires portfolio currently includes the 50-room Aqua Hotel, the 66-room Wave Hotel and the 83-room Circa 39 in Miami Beach, Fla., and the award-winning 84-room Water Club in San Juan, Puerto Rico.

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