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Destination Hotels & Resorts Overview
January 10, 2003


Ownership:
Destination Hotels & Resorts (DH&R), a privately held company located in Englewood, Colorado is one of the largest independent lodging management companies in the United States operating 25 independent, luxury and upscale hotels, resorts and golf clubs in the United States. Destination Hotels & Resorts? portfolio features more than 6,400 guest rooms, 16 golf courses and eight full-service spas. Each distinctive, well-situated Destination Hotels & Resorts managed property offers exceptional recreational, business travel and conference facilities.

Destination Hotels & Resorts? managed properties include the Hotel del Coronado near San Diego; Algonquin Hotel in New York City; NINE ZERO in Boston; Wild Dunes Resort in Charleston; Vail Cascade Resort & Spa in Vail; Royal Palms Resort and Spa in Phoenix; Sunriver Resort in Sunriver, Oregon; and The Argent Hotel in San Francisco. You can visit Destination Hotels & Resorts online at www.destinationhotels.com. Travel professionals can access Destination Hotels & Resorts? properties, including Inverness Hotel & Golf Club, on the global distribution system via the company?s chain code, DN.

Destination Hotels & Resorts (DH&R) has formed a sales and marketing alliance with De Vere Hotel Group PLC, in the United Kingdom allowing DH&R to increase its portfolio presence in the UK with a company whose customer base and product offering is very similar to its own.

De Vere Hotels is a distinctive collection of 21 of the UK?s finest four- and five-star hotels, featuring 3,300 rooms and is highly regarded for delivering excellent service in hotels that have maintained their individuality. These include nine leading golf resorts, such as the world famous The De Vere Belfry, host to four Ryder Cups. De Vere also has an impressive string of south coast hotels including The De Vere Grand, Brighton as well as outstanding destinations such as the De Vere Cameron House on the shores of Loch Lomond, Scotland. The latest addition is the elegantly refurbished De Vere Cavendish, St James?s, London, located in the heart of the fashionable West End. The hotels are positioned to serve both the conference and upper short breaks market as well as the discerning business traveler. www.devereonline.co.uk

Properties:
* Pointe South Mountain Resort, Phoenix, Arizona
* Royal Palms Resort and Spa, Phoenix, Arizona
* Tempe Mission Palms Hotel and Conference Center, Tempe, Arizona
* Hotel del Coronado, San Diego, California
* L?Auberge Del Mar Resort and Spa, San Diego, California
* The Argent Hotel, San Francisco, California
* The Gant, Aspen, Colorado
* Garden of the Gods Club, Colorado Springs, Colorado
* Destination Resorts Snowmass, Snowmass Village, Colorado
* The Stonebridge Inn, Snowmass Village, Colorado
* Mountain Lodge at Telluride, Telluride, Colorado
* Destination Resorts Vail, Vail, Colorado
* Vail Cascade Resort & Spa, Vail, Colorado
* Embassy Suites at the Chevy Chase Pavilion, Washington, District of Columbia
* Palm Coast Golf Resort, Palm Coast, Florida
* The Lodge at Ocean Hammock, Palm Coast, Florida
* Destination Resorts Hawaii, Wailea, Maui, Hawaii
* NINE ZERO, Boston, Massachusetts
* Algonquin Hotel, New York, New York
* Sunriver Resort, Sunriver, Oregon
* Wild Dunes Resort, Charleston, South Carolina
* Teton Mountain Lodge, Jackson Hole, Wyoming

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