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NEWS RELEASE July 28, 1999

Outrigger Hotels & Resorts is pleased to announce the grand opening of the 600-room Outrigger Guam Resort, located on Tumon Bay, Guam. It’s Outrigger’s largest property in the Pacific and it’s third resort in Micronesia.

As a hotel company based in Hawai‘i, Outrigger Hotels & Resorts is merging the Hawaiian essence of hospitality (ho‘okipa) with its Chamorro counterpart (inafa‘maolek) at the deluxe, beachfront resort.

According to Perry Sorenson, Outrigger’s chief operating officer, "This was a much anticipated opening for Outrigger. The Outrigger Guam Resort is the largest and most ambitious project in our Pacific expansion and it’s a real gem."

The beachfront Outrigger Guam Resort is centrally located at 1255 Pale San Vitores Road, Tumon Bay, Guam. The resort offers 600 luxurious, ocean-view rooms and suites including Outrigger’s exclusive Voyager Club facilities and services. Nestled along the shoreline, the Outrigger Guam Resort features many services and amenities including a full-service Mandara Spa and Fitness Center, business center, wedding chapel, conference and meeting facilities, restaurants and cocktail lounges and tropical swimming pools and water slide on its beautifully landscaped grounds.

The Outrigger Guam Resort’s location makes it ideal for visitors to receive a complete Guam experience. World-class shopping, dining and entertainment are all within walking distance. It’s situated in the heart of Pleasure Island – Guam’s entertainment center. Pleasure Island features the Plaza Shopping Center, Game Works, UnderWater World, SandCastle Entertainment Complex, DFS Galleria, Sam Choy’s, Planet Hollywood, Hard Rock Cafe and more.

Outrigger Guam Resort guests will experience unsurpassed island hospitality. Dorsey Brady, general manager of the resort said, "the spirit of inafa‘maolek will prevail just as the aloha spirit does in Hawaii. Our guests will also have opportunities to learn about the host Chamorro culture as the property has incorporated a Chamorro sense of place throughout the resort."

A "Grand Opening Special,", starting at $160 per night for ocean view guest accommodations, is in effect until September 15, 1999. All rooms and suites offer air-conditioning, complimentary in-room coffee/tea service, refrigerator, electronic safe, color cable television and in-room movies. The attractive prices position the resort as an affordable, value leader.

The Outrigger Guam Resort owned by the Ysrael family and managed by Outrigger Hotels & Resorts, is a division of Hawai‘i-based Outrigger Enterprises, Inc., the largest lodging company in Hawaii and the fastest growing lodging company in the Pacific. Outrigger currently operates or has under development 45 hotels and resort condominiums throughout the Pacific region, representing more than 12,000 hotel rooms and condominium units in Hawai‘i, Micronesia, Australia and the South Pacific. Outrigger's affiliate, Outrigger Lodging Services, manages nearly two dozen hotels and resorts throughout the U.S. mainland.

For additional information, contact: Sandi Yara or Nancy Daniels Public Relations Department Outrigger Hotels & Resorts 2375 Kuhio Avenue Honolulu, HI 96815-2992 Ph: 808-921-6941 Fx: 808-921-6901

Email: public.relations@outrigger.com

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