Press Release
March 1, 2002
VANCOUVER, BC -- Executive Hotels & Resorts (CDNX:EIG) announced yesterday that it has signed a long term agreement
with Le Soleil Owners Group Inc. to manage all of its 93 hotel suites in the Le Soleil Hotel - Vancouver in British
Columbia. The property will be operated as part of Executive's Preferred City Center Portfolio and management by
Executive Hotels & Resorts is expected to commence within the immediate future.
The 93 suite Mobile Four Star and AAA Four Diamond rated boutique hotel has been awarded many prestigious awards
and accolades for its superior levels of accommodations and service; most recently Sheraton's `` Best In Brand
Award '' for guest satisfaction. Located in the heart of Vancouver's financial and leisure district, the Le Soleil
Hotel offers the city's best boutique hotel accommodations and services.
``We are delighted to be able to expand our portfolio of premiere Executive managed city center hotel destinations
where there are still many opportunities for us to grow,'' said Salim Sayani, Chairman and CEO, Executive Hotels
and Resorts. ``This excellent property will continue our unique brand of personalized service in the world of premiere
boutique hotels and fulfill the growing need in Vancouver for stylish and exciting hotel accommodations with superior
levels of service. The existing senior management of the hotel have now been retained by Executive Hotels &
Resorts for the operation of the Le Soleil Hotel and the entire team looks forward to the upcoming Spring season
with great enthusiasm''
With a history spanning two decades and a portfolio that now extends to eighteen properties in North America, Executive
Hotels and Resorts is becoming the country's leading operator of executive level hotels, resorts and conference
destinations. In 2001, the company opened four hotels in Canada and continues to expand, with 6 projects in development
stages in choice locations across North America. Executive Hotels & Resorts has claimed first position on many
prestigious lists; recent honors include top ranking in Foodservice and Hospitality Magazine's Fastest Growing
Hotel Chain Award. Information on the company and its 20 years of achievement in the hospitality industry can be
accessed through the Executive Hotels Web site at http://www.executivehotels.net.
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Contact: Executive Hotels and Resorts (Vancouver) Peter Lee Vice President, Business Development Phone: (604) 642 5254