Castle Resorts & Hotels Acquires New Contract with Queen Kapiolani Hotel.HONOLULU -- The Castle Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CAGU) today announced that its subsidiary Castle Resorts & Hotels has been selected as the management company for the Queen Kapiolani Hotel to handle sales, marketing and reservations, effective December 1, 2007. "The addition of Queen Kapiolani Hotel to our portfolio follows our strategic growth plan of increasing our inventory both internationally and in Hawaii," said Alan Mattson, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Castle Resorts & Hotels. "Our presence in Waikiki has more than doubled in the past year with the addition of over 1,300 rooms to our Waikiki inventory during 2007." This is Castle's fifth Waikiki hotel and continues a pattern of consistent and strategic growth for the company. Earlier this year, it was also awarded contracts for Maile Sky Court and Ocean Resort Waikiki on Oahu and for Hotel Santa Fe Santa Fe, city, Argentina Santa Fe, city (1991 pop. 341,000), capital of Santa Fe prov., NE Argentina, a river port near the Paraná, with which it is connected by canal. in Guam. By the end of 2007, it will also manage two properties in Thailand. These additions increase Castle's portfolio to 26 hotels and condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. resorts throughout Hawaii, Micronesia, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. and Thailand. Named for Hawaii's beloved Queen Kapiolani, the 315-room hotel is located at 150 Kapahulu Avenue. The hotel offers breathtaking views of Oahu's two most famous landmarks - Diamond Head and Waikiki Beach. It is also conveniently located near popular attractions including Waikiki Aquarium and Honolulu Zoo The Honolulu Zoo is the principal zoological institution of research of Hawaiʻi in the City & County of Honolulu. It is the only zoo in the United States to be established by grants made by a sovereign monarch. . Queen Kapiolani Hotel offers a variety of options for travelers, including standard guest rooms, studios with kitchenettes and one-bedroom suites. Guests will enjoy the Garden Lanai Lanai (lənī`), island, 141 sq mi (365 sq km), central Hawaii, W of Maui island across the Auau Channel; Mt. Lanaihale (3,370 ft/1,027 m) is the island's highest point. For many years the island was used for sugarcane raising and cattle grazing. Restaurant, which serves breakfast, lunch and dinner. For those seeking meeting facilities, the Garden Lanai Restaurant, Peacock Dining Room and Akala Ballroom are available. Castle Resorts & Hotels was founded in 1994 and is a wholly-owned subsidiary of The Castle Group, Inc. Castle manages a broad portfolio of resort accommodations ranging from hotel guest rooms to spacious resort condominium suites and villas in the Hawaiian Islands on Oahu, Maui, Molokai, Kauai and Hawaii; in Thailand on Phuket; in Micronesia on Guam and Saipan; and in New Zealand on the North Island. For more information or reservations, please call 1-800-367-5004 or visit www.CastleResorts.com. This press release contains forward-looking statements made under the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward looking statements are based upon the current plans, estimates and projections of The Castle Group's management and are subject to risks and uncertainties which could cause actual results to differ from the forward looking statements. These include, but are not limited to, risks and uncertainties related to the Company's strategic growth plan and other risks and uncertainties outlined in the Company's periodic filings with the U.S. Securities and Exchange Commission. The Castle Group does not assume any obligation to update the information contained in this press release. Note: High-resolution images and logo are available upon request. |
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