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CASTLE HOKELE SUITES WAIKIKI COMPLETES $425,000 RENOVATION

January 6, 2009

Honolulu, Hawaii – Castle Resorts & Hotels announced the completion of a $425,000 renovation of all 104-suites at the Hokele Suites Waikiki.  Each studio-, one- and two-bedroom suite features brand new furnishings and kitchen appliances.  New three bedroom suites that can accommodate up to 8 guests are also now available.  

“Hokele Suites Waikiki is a cozy, hidden retreat amid Waikiki’s exciting and newly revitalized shopping and restaurant district” said William Koo, chief marketing strategist.  “This all suite hotel has some unique offerings – a full kitchen in every suite, smoking rooms and new three bedroom suites.  And our newly renovated accommodations will continue to remain affordably priced.”  

Each suite features a new sofa bed, dresser, coffee table, end table, headboard and mirrors in woven seagrass and solid mahogany wood.  New appliances in the full kitchen include new stove, oven and mid-size refrigerator.  Rooms feature high speed Internet access, color cable televisions and lanai.  Non-smoking suites are available as well as designated suites that allow smoking, a rare offering in hotel accommodations.

Hokele Suites Waikiki, located at 412 Lewers Street, is amid the popular Waikiki shopping district near Royal Hawaiian Center, Waikiki Beach Walk and DFS.  Amenities include a pool, restaurant, souvenir store, activity desk, Internet kiosk, ice and vending machines and laundry facilities.     

Castle Resorts & Hotels was founded in 1994 and is a wholly-owned subsidiary of The Castle Group, Inc.  Castle manages a broad portfolio of 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 1-800-367-6004 or visit www.CastleResorts.com. The Castle Group does not assume any obligation to update the information contained in this press release.

This press release contains forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995.  Forward-looking statements are based upon the current plans, estimates and projections of The Castle Group's management and are subject to risks and uncertainties which could cause actual results to differ from the forward-looking statements.  These include, but are not limited to, risks and uncertainties outlined in the Company's periodic filings with the U.S. Securities and Exchange Commission.  

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