Alpha Hospitality Announces the Appointment of New Outside Director.

Business Editors

NORTHBROOK, Ill.--(BUSINESS WIRE)--Feb. 13, 2003

Alpha Hospitality Corporation (the "Company") (NASDAQ and BSE: ALHY) announced today that it has appointed a new director to serve on the Corporation's Board of Directors (the "Board").

Mr. Morad Tahbaz will serve as an outside director on the Company's Board. Mr. Tahbaz is currently the president of Catskill Development, LLC ("Catskill") and his appointment is the result of the Letter of Intent between Catskill and the Company signed on February 4, 2003.

Mr. Tahbaz also serves on the board of directors of Air Methods Corporation (NASD: AIRM). He is a co-founder and General Partner of Americas Partners, a development and venture capital firm, which has acquired and developed major real estate projects. Mr. Tahbaz serves as a Managing Director of Americas Tower Partners, the developer of Americas Tower, a one million square foot, 50-story office tower in New York City. Since 1983, Mr. Tahbaz has also served as Senior Vice President of The New York Land Company, a real estate firm involved in rehabilitation of commercial properties in Manhattan, including The Crown Building at 730 Fifth Avenue. Mr. Tahbaz received his Bachelor's Degree in Philosophy and Fine Arts from Colgate University. He holds a Master's Degree in Business Administration from Columbia University Graduate School of Business.