Turtle Bay Resort

The Woodlands, Texas, July 22, 2008 - Benchmark Hospitality's Turtle Bay Resort, located on the North Shore of Oahu, has been named to Travel + Leisure magazine's list of the "Top 25 Hotels in Hawaii" for 2008, as ranked by the publication's readers.

For the past 13 years, Travel + Leisure magazine has presented the "World's Best Awards," asking its approximately 1,000,000 subscribers to select their favorite hotels, spas, airlines, cruise lines, outfitters, cities and islands around the globe. In 2008, the magazine's readers selected Turtle Bay Resort as a "Top 25 Hotel in Hawaii," which the resort adds to its growing list of awards.

"We are thrilled with this designation," said Bob Boyle, Benchmark's vice president and general manager at Turtle Bay Resort. "We've received many awards in the past six years following Benchmark's $60 million renovation of our resort. All of them are very special to us. We are honored to be included in Travel + Leisure's 'Top 25 Hotels in Hawaii' list for 2008."

Last year, Turtle Bay Resort was named among Conde Nast Traveler's "Top 20 Hawaii Resorts." The property also received two Gold awards from Meetings & Conventions magazine, along with several other industry awards.

Benchmark Hospitality, which operates 30 hotels, resorts and personal luxury properties throughout the United States, in Japan and Panama, has managed Turtle Bay Resort since 2001 for resort owner, Kuilima Resort Company---a subsidiary of Oaktree Capital. Benchmark oversaw the comprehensive repositioning of the resort to one of the finest properties in Hawaii.

Recent Turtle Bay Resort Awards:

* Travel + Leisure magazine, 2008, A Top 25 Hotel in Hawaii
* Preferred Hotel Group's 2007 GIFTT Award - - Community Service
* Conde Nast Traveler 2007 Readers Choice Award - Top 20 Hawaii Resorts
* Golf Digest - 11th Best Course in Hawai'i 2007 for the Arnold Palmer Course
* Corporate & Incentive Travel Magazine 2007, Greens of Distinction
* ForbesTraveler.com, 2007, Top 10 Gnarliest Luxury Surfing Spots
* Meetings & Conventions 2007 -- Gold Tee Award
* Meetings & Conventions 2007 -- Gold Key Award

About Turtle Bay Resort:

Turtle Bay Resort is the only full-scale resort on Oahu's exciting North Shore, home of world-famous surfing, remote coastlines and exciting activities. The resort is located on a promontory offering wide vistas of the ocean from every room.

Turtle Bay Resort offers world class golf and tennis, spa treatments, riding stables with ocean and trail riding, two lushly landscaped oceanside pools, seaside dining, North Shore and waterfall aerial tours by Paradise Helicopters, and 12 miles of walking and jogging trails along spectacular coastlines and through forested lands.

In addition, the Resort is home to the famous Hans Hedemann Surf School where guests can get a taste of the world's best surf.

Located on the North Shore of Oahu, the 880-acre Turtle Bay Resort is operated by Benchmark Hospitality International and is a Preferred Hotels' & Resorts Worldwide property - a collection of the world's finest independent luxury hotels.

Famous for world-class surfing, pristine white sand beaches, and its charming country setting, the North Shore also offers colorful cultural attractions, innovative ecological endeavors, and environmental adventures.

For reservations or more information, visit www.turtlebayresort.com or call (808) 293-6000.

Benchmark Hospitality International is a leader in the management and marketing of resorts, conference centers, hotels, and Personal Luxury Hotels. The privately held company, launched in 1980, is a founding member of the International Association of Conference Centers. Benchmark is a worldwide organization operating over 30 properties representing major metropolitan and resort destinations. Benchmark's international headquarters is located in The Woodlands, Texas, near Houston, with regional offices in New Jersey and Connecticut. International offices are located in Tokyo and Santiago, Chile. For locations of properties and additional information, visit www.benchmarkhospitality.com.
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Contact:

Ken Ellens
Ken Ellens Communications
201-758-2864
KenEllens@aol.com

Keoki Wallace
Public Relations Manager
Turtle Bay Resort
808-293-6023
Kwallace@benchmarkmanagement.com

Sukil Suh
Communications Executive
The Limtiaco Company
808-535-9099,
Sukil@TheLimtiacoCompany.com

The Woodlands (Houston), Texas, March 2008 ... Benchmark Hospitality International has presented Bob Boyle, vice president and general manager of Turtle Bay Resort, North Shore, Oahu, Hawaii, with one of its most prestigious awards " the CEO of Sales award. Sam Haigh, president of Benchmark Hospitality International, presented the award to Mr. Boyle at the Benchmark National Sales Education Conference held recently at The Heldrich in New Brunswick, New Jersey.

Benchmarks CEO of Sales Award is presented annually to the general manager who exemplifies truly outstanding contributions and extraordinary support for his or her property's sales efforts, said Mr. Haigh. I cant think of a better example of this excellence this year than Bob. Were very proud to present this honor to him in 2008!

In honoring Boyle and his exemplary leadership of Turtle Bay Resort and its team of hospitality professionals, Benchmark Hospitality recognized the extraordinary performance of the ocean-front property " most notability occupancy improvement by 4.4 percentage points from last year and in the face of declining Hawaii-wide state visitor counts approximating 5 percent. Additionally, Unifocus, a company that evaluates customer service levels, reported that more than 96 percent of the resorts guests indicated they would return and recommend the Turtle Bay Resort experience.

All financial and service level indicators are up at the resort for the fourth consecutive year, stated Mr. Boyle. We have a very strong, experienced executive team at the helm and it is paying off. Our occupancy, average daily rate, revenues, and gross operating profit are higher than they have ever been in the history of the resort; and 2008 is projected to be even better.

As the economic engine of Oahus North Shore, Tuttle Bay Resorts hotel, golf courses and restaurants provide 789 jobs in the community and the property is prospering under Boyles leadership as a highly successful business, as evidenced by its recent awards and sales achievements. Turtle Bay Resort contributes over $20 million to the North Shore, Oahu community in wages and benefits annually plus an additional $18 million in purchased goods and services. The resort is host to two major televised golf tournaments annually that provide destination exposure and over $100,000 to North Shore charities through Friends of Hawaii Charities.

2007 Turtle Bay Resort Awards:

* Conde Nast Traveler 2007 Readers Choice Award - Top 20 Hawaii Resorts
* Preferred Hotel Group's 2007 GIFTT Award - - Community Service
* Golf Digest - 11th Best Course in Hawaii 2007 for the Arnold Palmer Course
* Corporate & Incentive Travel Magazine 2007 Greens of Distinction
* ForbesTraveler.com - 2007 Top 10 Gnarliest Luxury Surfing Spots
* Meetings & Conventions 2007 -- Gold Tee Award
* Meetings & Conventions 2007 -- Gold Key Award

Benchmark Hospitality, which operates 30 hotels, resorts and conference center properties throughout the country and in Japan, has managed Turtle Bay Resort since 2001 for resort owner, Kuilima Resort Company---a subsidiary of Oaktree Capital.

About Turtle Bay Resort

Turtle Bay Resort is the only full-scale resort on Oahus exciting North Shore, home of world-famous surfing, remote coastlines and exciting activities. The resort is located on a promontory offering wide vistas of the ocean from every room.

Turtle Bay Resort offers world class golf and tennis, spa treatments, riding stables with ocean and trail riding, two lushly landscaped oceanside pools, seaside dining, North Shore and waterfall aerial tours by Paradise Helicopters, and 12 miles of walking and jogging trails along spectacular coastlines and through forested lands.

In addition, the Resort is home to the famous Hans Hedemann Surf School where guests can get a taste of the worlds best surf.

Located on the North Shore of Oahu, the 880-acre Turtle Bay Resort is operated by Benchmark Hospitality International and is a Preferred Hotels & Resorts Worldwide property " a collection of the worlds finest independent luxury hotels.

Famous for world-class surfing, pristine white sand beaches, and its charming country setting, the North Shore also offers colorful cultural attractions, innovative ecological endeavors, and environmental adventures. For reservations or more information, visit www.turtlebayresort.com or call (808) 293-6000.

Benchmark Hospitality International, an independent hospitality management company based in The Woodlands (Houston), TX, operates resorts, conference centers, hotels and condominium resorts both domestically and internationally. For locations of Benchmark Hospitality properties and for additional information, visit Benchmarks Website at www.benchmarkhospitality.com.
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Contact:

Ken Ellens
Ken Ellens Communications
201-758-2864 / 201-758-2865-Fax
KenEllens@aol.com

Keoki Wallace, Public Relations Manager
Turtle Bay Resort , 808-293-6023
Kwallace@BenchmarkManagement.com