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( 17th July 2007 - Malta-based Corinthia Hotels International announced the signing of a long-term management agreement with Golden Sands Hotel Co. LLC of Dubai for the operation of the 371 all-suite ‘Ramada® Hotel&Suites Jumeirah Beach’. The exclusive property is set to open in January of 2008 and forms part of the larger Jumeirah Beach Residence master complex, a unique high-rise development located minutes away from Dubai’s golden sandy beaches.

The management agreement is a first for Corinthia Hotels International in this thriving destination since signing a joint venture agreement with Wyndham Worldwide, last year, for the exclusive operation of Corinthia, Wyndham® and Ramada Plaza branded hotels in the EMEA region.

In addition to the 371 suites, the ‘Ramada Hotel&Suites Jumeirah Beach’ features a number of superior amenities, including an all-day dining room, a speciality restaurant, bar, a gymnasium and fitness room, an outdoor swimming pool, several meeting rooms and secured underground parking.

“ We are delighted to be entering Dubai for the first time with such a wonderful product, having successfully established our management expertise over the last 45 years in exclusive destinations such as Malta, Prague, Budapest, St Petersburg, Lisbon and Tunis, to name a few. We pride ourselves in being able to introduce a new dimension of warmth, colour and vitality to all our new operations, elements that blend in perfectly with this amazing City” said Tony Potter, chief executive officer of Corinthia Hotels International.

The Jumeirah Beach Residence complex is located some 15 minutes away from Dubai’s city center, on a 1.7 kilometre stretch of land in between Jumeira Beach and the Marina. The complex features 36 residential towers, four hotel towers, beach clubs, restaurants and retail outlets. It lies in close proximity to Dubai Internet City, Dubai Media City and Emirates Golf Club. With an impressive two million square metre footprint, the development represents the world’s largest single phase project of its kind.
CHI is a hotel operating company that is a joint venture between Malta based International Hotel Investments plc (IHI) and Wyndham Hotel Group of the US. It undertakes hotel management operations for Corinthia Group and IHI owned or affiliated hotels as also for third party owners. CHI is also the exclusive hotel management company for Wyndham Hotel Group managed hotels in the EMEA region operating under the Corinthia, Ramada Plaza and Wyndham categories. CHI has accumulated over 45 years of experience in delivering a high quality service to hotel guests and an optimum rate of return for owners and investors in diverse business environments. Its expertise extends to management of luxury and upscale properties in city and resort locations, and products ranging from boutique to large conference and meeting hotels. Corinthia this year features among the top 50 hotel operating groups in Europe, as reviewed by Hotel Management International, an official publication of the European Hotel Managers Association.

Ramada hotels are located in the United States, Canada, Costa Rica, Mexico, Czech Republic, Finland, France, Germany, Hungary, Ireland, Italy, Lithuania, Netherlands, Romania, Switzerland, United Kingdom, Egypt, Morocco, Bahrain, China, Hong Kong, India, Indonesia, Japan, Korea, Oman, Qatar, Saudi Arabia, Thailand, Turkey, United Arab Emirates, New Caledonia, and Australia. Many properties in this mid- to upper-midscale brand features complimentary breakfast, an in-room, spa-inspired amenity package and high-speed Internet access. Reservations and information are available by visiting All Ramada hotels are either independently owned and franchised or managed by a subsidiary of Wyndham Worldwide Corporation (NYSE: WYN.)

CONTACT: MANUEL BRIFFA Phone: +356 2551 1146 Fax: +356 21 239732 Mobile:+356 9943 2252 U.S. Editorial Contact: Karen Hofman The Bradford Group 212-447-0027

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