Merger of CARINO Hotels & Resorts and InnPoints Worldwide Creates Centric Hospitality

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. October 28, 2011

NEW YORK - October 27, 2011 - InnPoints Worldwide and CARINO Hotels and Resorts officially announced they merged, effective September 2011. This combination created a global multi-tiered hotel service and technology company, Centric Hospitality Group, of which InnPoints Worldwide and CARINO Hotels and Resorts are key divisions. The union forms the basis for the group focus on advanced technology and service, targeting both hoteliers and travelers with a wide range of needs.

With the addition of distinct lodging tiers and technology enhancements, Centric Hospitality will introduce to member hotels and consumers the ability to maximize the travel experience while providing exceptional accommodation and personalized service. Centric Hospitality brands include CARINO Hotels and Resorts, the premier collection of four and five star hotels representing independently owned exceptional hotels, and Qube Hotels, a growing independent hotel collection with best-in-class quality, style and service.

“By offering corporate and leisure travelers brand options to accommodate personal style and service preferences, Centric Hospitality positions itself to compete with global hotel chains in today's competitive hospitality market,” said Joseph Carino Jr., executive vice president of Centric Hospitality Group. “Supported by our global sales team, member hotels can discover end-user preference to personalize traveler experiences.”

Technology and guest recognition programs will augment the consumer's stay, enabling member hotels to provide an enhanced travel experience. Under the Centric Hospitality umbrella, member hotels will have access to some of the most powerful reservation and sales technology available, including a web-based property management system (myHMS), a state-of-the-art central reservation system (myCRS) and a customizable website booking engine (VIBE). Adding to the consumer experience is StayCredits, an innovative guest rewards program designed to reward loyal travelers and further automate a guest's online reservation experience.

“The strength of Centric Hospitality Group is demonstrated by the wide range of cohesive and seamless solutions we provide,” said Mark Lewis-Brown, executive vice president of Centric Hospitality Group. “By supporting our member hotels on numerous platforms with such an integrated approach, a simple and reliable end-user experience is created for travel agents and travelers.”

About Centric Hospitality
roup Centric Hospitality Group is a collection of dynamic brands and solutions powering the hospitality industry. Centric Hospitality provides a complete range of services for independent hotels, incorporating branded services, corporate/leisure sales support, e-distribution, reservation processing, hotel management systems, guest rewards programs and revenue management tools. The Centric Hospitality family includes InnPoints Worldwide (IR), a reservation solution and technology provider for independent hotels, CARINO Hotels and Resorts Worldwide (UN), the premier collection of four and five star hotels in the world's most desired destinations, and Qube Hotels (IP), a growing independent hotel collection with best-in-class quality, style and service. Centric Hospitality Group employees are located throughout the world to assist its global client base of approximately 1,900 hotels. Current offices include: Albuquerque, Calgary, Chicago, Dallas, Greece, Italy, London, New York, Santa Barbara, San Francisco and Sweden. www.centrichospitality.com.

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