ITALY’S NEWEST LUXURY HOTEL GROUP INVITES A NEW GENERATION OF TRAVELERS TO ‘DEFINE YOUR LIFESTYLE’

— Ragosta Hotels Collection debuts in Vietri sul Mare, Amalfi Coast , Italy with cutting edge concept and portfolio of historic and contemporary hotels and resorts on the Amalfi Coast and Sicily —

Recognizing that the world of travel is ever-evolving and influences everyday lifestyle, Ragosta Hotels Collection has created a customized hospitality experience that mirrors the daily lifestyles of the discerning traveler. This ideal forms the cornerstone of the company’s Define Your Lifestyle concept which addresses the growing trend of travelers seeking an extraordinary travel experience that incorporates elements of their lifestyles.

Define Your Lifestyle is a brand-wide concept that is easily identifiable throughout the Ragosta Hotels Collection. The hotels feature innovative architecture and design that embrace their natural surroundings, idyllic locations, customized amenities and services, complete wellness programs, and environmentally-friendly leisure activities – Arte di vivere –celebration of local culture and cuisine. The premise of Define Your Lifestyle is to present the guest with an opportunity to customize their hospitality experience but with an element of surprise and pure decadence.

Ragosta Hotels Collection, a unique compilation of luxury hotels is situated in some of Italy ’s most idyllic locations. The Ragosta Hotels Collection include the renown Hotel Raito in Vietri sul Mare, Relais Paradiso Hotel on the Amalfi Coast, La Plage Resort set to open this summer in Taormina, Sicily, and a luxury boutique hotel in Rome slated to open fourth quarter 2009.

“We believe that what we have created merely mirrors individual lifestyle choices that have become very important in today’s society. The mantra of not settling for less than what you desire resonates throughout the luxury travel segment. As hoteliers and providers of unique travel experiences, it is our responsibility to offer options in support of the lifestyles and desires of all our guests,” said Gianluca Giglio, group general manager of Ragosta Hotels Collection.

The hotel group was created in 2006 by Mr. Fedele Ragosta, a successful entrepreneur and owner of several successful companies in Italy . The newly renovated Hotel Raito, the flagship hotel of the Ragosta Hotels Collection, offers some of the most extraordinary panoramic views of the Bay of Salerno , along with superior guestrooms and suites, meeting facilities, spa and restaurant. In addition, Ragosta Hotels Collection is set to open its first luxury boutique resort complex in Taormina , Sicily , La Plage Resort early June 2008. With extraordinary views of the sea, the resort will offer luxurious and stylish guestrooms and suites, whirlpools, water sports, Beach Club, fine dining restaurants, spa and a host of amenities and services. Perhaps the most exciting of upcoming Ragosta projects is a conversion of a palace in central Rome to a luxury boutique hotel. The project is slated for completion fourth quarter 2009 as the newest boutique hotel to open in Rome.

Ragosta Hotels Collection is a member of Summit Hotels & Resorts and Preferred Boutique, divisions of Preferred Hotels Group, representing luxury hotels and resorts worldwide. Based on the Amalfi Coast, Italy, Ragosta Hotels Collection is comprised of the luxury 77-room Hotel Raito (member of Summit Hotels & Resorts) in Vietri sul Mare (Amalfi Coast), the 23- rooms and suites Relais Paradiso on the Amalfi Coast and the new 62-room luxury resort, La Plage Resort (member of Preferred Boutique) opening in Taormina-Sicily, June 2008. A fourth hotel is planned for Rome , Italy and will open fourth quarter of 2009. Ragosta Hotels Collection is based on the core philosophy of providing guests with an experience that mirrors their lifestyle. The company’s Define Your Lifestyle concept extends beyond the traditional guest loyalty programs to feature in room design, culinary offerings, wellness facilities, therapies and treatments and public spaces. Ragosta Hotels Collection represents a new generation of travel that incorporates lifestyle and uniqueness of the destination for a truly exceptional experience.