CASTLE RESORTS & HOTELS BEGINS MANAGEMENT OF WAIKIKI GRAND HOTEL

April 7, 2009

Honolulu, Hawaii – Castle Resorts & Hotels announced today that they began management of the Waikiki Grand Hotel effective April 1, 2009.   

“The Waikiki Grand Hotel is the second resort property added in 2009 to our growing array of hotels, condominium resorts and villas.” said Alan Mattson, chief operating officer and president of Castle Resorts & Hotels.  “We now operate seven hotels and condominium resorts throughout Waikiki, all which offer a variety of locations, amenities and prices.”

The Waikiki Grand Hotel has a great location, just steps from the sands of Waikiki Beach, across from Honolulu Zoo and near the Waikiki Aquarium, beach activities and art shows, cultural festivals and music concerts at Kapiolani Park.  The hotel offers a selection of moderately priced, non-smoking hotel rooms and studios with kitchenettes that have ocean, Diamond Head or Kapiolani Park views.    Hula’s Bar and Lei Stand as well as Teddy’s Bigger Burgers are located in the hotel.

Castle Resorts & Hotels was founded in 1994 and is a wholly-owned subsidiary of The Castle Group, Inc.  Castle manages a broad portfolio of 27 resort accommodations ranging from hotel guest rooms to spacious resort condominium suites and villas in the Hawaiian Islands on Oahu, Maui, Molokai, Kauai and Hawaii; in Thailand on Phuket; in Micronesia on Guam and Saipan; and in New Zealand on the North Island.  For more information or reservations, please call
1-800-367-5004 or visit www.CastleResorts.com.

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