James Carroll Appointed as President & CEO of Crestline Hotels & Resorts and President & CEO of Barcelo Crestline Corporation

FAIRFAX, VA – December 14, 2010 – Bruce Wardinski, Chairman of Barceló Crestline Corporation today announced the promotion and appointment of James Carroll to President & CEO of Crestline Hotels & Resorts and Barceló Crestline Corporation. Barceló Crestline Corporation is the parent company of Crestline Hotels & Resorts which is among the five largest hospitality management firms in the U.S. The appointment comes as Bruce Wardinski, who was formerly President & CEO of Barceló Crestline, assumes the position of Chairman of the Board for Barceló Crestline Corporation.

Upon announcing the appointment of Mr. Carroll, Mr. Wardinski said, “James’ promotion is a significant part of our ongoing strategic management team realignment that began last year, and supports our proactive positioning of Crestline for continued growth and long-term success. With James assuming the day-to-day management of both Crestline and Barceló Crestline, I will be better able to fulfill our companies’ strategic growth objectives by focusing my talents on high level planning and increased deal flow.”

Prior to accepting his expanded position, Mr. Carroll served as the Chief Operating Officer for Crestline Hotels & Resorts, and before that, served as the Chief Financial Officer for Barceló Crestline Corporation. Mr. Carroll joined Barceló Crestline in 2004 from Dell, Inc. where he held several operations and financial management positions. During his tenure at Barceló Crestline, Mr. Carroll also served as Senior Vice President and Treasurer.

Mr. Carroll holds the degree of Master in Business Administration from the Harvard Business School. He is a graduate of the U.S. Naval Academy, having graduated with Merit with a Bachelor of Science degree in Systems Engineering. Previously, he served as a Naval Aviator and Lieutenant Commander in the United States Navy.

“James is a highly effective leader who continues to make a large contribution to the ongoing growth and success of our companies,” said Wardinski. “We are confident that under his leadership our growth will continue to accelerate while delivering exceptional results to our owners and partners.”