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CASTLE RESORTS & HOTELS ADDS 450 ROOMS TO ITS WAIKIKI INVENTORY

May 16, 2007

Honolulu, Hawaii – Castle Resorts & Hotels announces its new sales and marketing partnership with Ocean Resort Hotel Waikiki which adds 450 rooms to our existing Waikiki inventory.  Effective June 1, 2007, Castle will manage the sales and marketing for the resort including contracting, direct sales, online and traditional marketing, and reservations.

“Ocean Resort complements Castle’s Waikiki inventory by offering a much needed mid-range product in Waikiki,” said Alan Mattson, president of Castle Resorts & Hotels.  “The property features suites, studios and hotel rooms accommodating a range of budgets within one resort.”

“The synergy and strong relationship between Castle and our existing team makes the transition seamless to our travel partners and our guests,” said Jerry Kimoto, general manager of Ocean Resort Hotel Waikiki and Queen Kapiolani Hotel.  “Aligning ourselves with a regional brand for our sales and marketing efforts allows us to have a greater reach in the industry and in our target markets as well as better serve our internal and external guests more efficiently. Both teams are excited about this new partnership.”

Ocean Resort Hotel Waikiki is a 100% smoke-free hotel conveniently located in the heart of Waikiki just one block from the world renowned Waikiki Beach and a short stroll to the 108-acre Queen Kapiolani Park, Honolulu Zoo, and Waikiki Aquarium.  World-class shopping, dining, and nightlife are steps away.  The property is comprised of the Pali Tower, 19 floors featuring suites and studios, and the Diamond Tower, 14 floors   traditional hotel rooms, both with city, Diamond Head and ocean views.  The resort amenities include two swimming pools, restaurant, lounge and shops.  Rates range from $150 to $500 depending on room category and season.  The property is perfect for couples, families, seniors and long-stay guests.

On Oahu, Castle Resorts & Hotels also manages Hokele Suites Waikiki, an all-suite hotel in the heart of Waikiki and Waikiki Shore, the only beachfront condominium resort on Waikiki Beach.  For more information and details, call toll-free at 1-800-367-5004 or visit www.CastleResorts.com.

Castle Resorts & Hotels manages hotels and condominiums on the islands of Oahu, Maui, Kauai, Molokai and the Big Island of Hawaii; on Saipan and Guam in Micronesia; and on New Zealand’s North Island.  Castle Resorts & Hotels is a subsidiary of The Castle Group, Inc. which was founded in 1994 with just 220 rooms. Today, Castle manages more than 2,500 hotel rooms and condominium units and employs more than 600 resort, hotel and corporate staff.

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