Delta Hotels to manage Pinestone Resort in Haliburton, Ontario

Press Release: Delta Hotels
June 2, 2000
TORONTO -- Delta Hotels announced yesterday that it will assume the management contract for Pinestone Resort located in Haliburton, Ontario, approximately 200 km north of Toronto.
Pinestone Resort, owned by RHK Capital, will undergo a $2.1 million capital renovation plan to refurbish guest rooms as well as key public and dining areas over the next six months. Once the renovations are complete, the resort will be re-launched as the Delta Pinestone Resort early next year.

"We are pleased to have been selected to operate Pinestone Resort," said John Johnston, President, Delta Hotels. "Expanding our resort portfolio in Ontario is an ideal complement to our Toronto city-centre hotels."

Pinestone Resort currently features 280 acres in the Haliburton Highlands, with 104 rooms consisting of one and two bedroom villas, chalets and resort rooms, as well as 15,000 square feet of meeting space. In addition, the property also features an 18-hole championship golf course, tennis courts, a fine dining and casual restaurant, a lounge, an indoor and outdoor pool, and fitness facilities.

Delta Hotels is the largest first class hotel company in Canada, operating over 30 hotels from Vancouver to St. John's. Delta's diverse portfolio of city-centre, airport and resort properties cater to business and leisure travellers. Headquartered in Toronto, Delta Hotels is a wholly-owned subsidiary of Canadian Pacific Hotels & Resorts Inc.


For further information

Catherine Mattice, Manager, Public Relations, Delta Hotels, (416) 874-2038, Fax: (416) 874-2022, e-mail: cmattice@deltahotels.com