Preferred Hotel Group(TM) Announces the Appointment of Lindsey Ueberroth as President

CHICAGO, June 14, 2010 - Preferred Hotel Group (PHG) today announced the appointment of Lindsey
Ueberroth as President in a planned succession intended to sustain the
family-owned company's legacy of excellence and growth worldwide. The
announcement was made by John Ueberroth, Chairman and Chief Executive
Officer.

Lindsey Ueberroth moves into the position most recently occupied by Gail
Ueberroth, who will continue her role as chief marketing officer and assume
the title of vice-chair.

"Lindsey's dedication, experience and leadership over the past six years
helped to shape and strengthen the company's expanding position in the global
hospitality industry," said John Ueberroth.

Lindsey Ueberroth has been serving as executive vice president
responsible for global brand strategy, internal technology and all aspects of
brand performance within Preferred Hotel Group. As President, her expanded
responsibilities will include the growth and performance of global and group
sales, as well as overall corporate development.

"The highest priority will be working with our dedicated
associates around the world to sustain Preferred Hotel Group's legacy of
quality," said Lindsey Ueberroth. "My initial efforts will be focused on the
continued financial success of our hotel partners and global growth, with an
emphasis on increasing Preferred Hotel Group's presence in strategic
markets."

Lindsey brings a strong combination of sales, marketing and
management experience to her position. Over the last six years with Preferred
Hotel Group, she has served in many capacities starting as Regional Director
- Americas West. In 2005, she successfully launched and ran the Preferred
Boutique brand as Managing Director. Most recently in her role as Executive
Vice President Lindsey was the driving force behind the company's new global
technology systems.

Prior to joining Preferred, Lindsey began her career working with
Anderson Consulting as a Change Management Consultant. Lindsey is a graduate
of Wake Forest University.

About Preferred Hotel Group(TM)

Celebrating over 40 years of excellence, Preferred Hotel
Group(TM) is a leading provider of business solutions for independently owned
and operated hotels and resorts around the world. Services include sales,
marketing, technology, distribution, and quality assurance. Comprised of more
than 800 best-in-class hotels in over 70 countries, Preferred Hotel Group
encompasses five distinct brands: Preferred Hotels(R) & Resorts
(www.PreferredHotels.com), Preferred Boutique(TM) (
www.PreferredBoutique.com), Summit Hotels & Resorts(TM)(
www.SummitHotels.com), Sterling Hotels(TM) (
www.SterlingHotels.com) and Historic Hotels of Americas(R)(
www.HistoricHotels.org). Preferred Hotel Group also offers I
Prefer(TM) (www.iprefer.com), an exclusive global guest benefits
program, as well as Preferred Golf(TM), a membership program with entree to
the world's most spectacular luxury golf resorts (
www.preferredgolf.com). For more information, visit
www.PreferredHotelGroup.com.

    MEDIA CONTACT: 

    Nicola Parker
    EMEA Lucre
    Tel: +44(0)20-8332-9690 / Fax: +44(0)20-8948-7601
    PreferredHotels@lucre.co.uk

    Sian Fletcher
    Tel: +44(0)113-243-1117
    Sian@lucre.co.uk 

         For high resolution imagery of our properties, please visit the
                   Preferred Hotel Group Image Library at
                  www.preferredhotelgroupimages.com

MEDIA CONTACT: Nicola Parker, EMEA Lucre, Tel: +44(0)20-8332-9690 / Fax: +44(0)20-8948-7601, PreferredHotels at lucre.co.uk; Sian Fletcher, Tel: +44(0)113-243-1117, Sian at lucre.co.uk