Barcelo Crestline Appoints VP of Development & Asset Management

. October 14, 2008

JANUARY 8, 2007. Barcelo Crestline Corporation today announced the appointment of Raphael de la Vega to Vice President of Development & Asset Management. Mr. de la Vega will be headquartered in Cancun and will focus on acquisitions and development throughout Mexico. He will work in conjunction with Fernando Mulet, also Vice President of Development & Asset Management, headquartered in Barcelo Crestline's corporate offices in McLean, VA. Mr. de la Vega reports directly to Bruce Wardinski, President and CEO of Barcelo Crestline Corporation.

Mr. de la Vega brings more than 30 years of hospitality industry experience to his new role. He has held senior management and operations positions in Mexico with Grupo Mayan Riviera, Avalon Resorts Corporation, and in the United States with Hospitality Services IFG in Schaumburg, IL, Holiday Inns International as well as Hilton Corporation.

Mr. de la Vega will use his expertise to help identify investment opportunities to grow the Playa Hotels & Resorts, S.L. portfolio in Mexico. He will also assist with needed feasibility studies and will provide asset management guidance for the all-inclusive properties currently owned in Mexico.

"Raphael is a recognized hospitality industry leader throughout Mexico and Latin America," said Bruce Wardinski. "He brings an excellent reputation in asset management that includes the ability to enhance a property's financial performance while improving guest service and satisfaction. We welcome his acquisition and development expertise as we look to deliberately grow the Playa portfolio throughout Mexico," added Wardinski.

Mr. de la Vega holds several industry designations including Certified Hotel Administrator (CHA) and he is active in the hospitality industry.

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