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7 December 2005

Desires Hotels Selected to Manage The Strand Ocean Drive in Miami Beach, Fla.
The Stand Ocean Drive Is the First Condo Hotel in Tecton's Boutique Hotel Portfolio

MIAMI, Desires Hotels(TM), the boutique division of Tecton Hospitality, announced today that it has signed a contract to manage The Strand Ocean Drive in Miami Beach, Fla., which is scheduled to open in January 2006. The property is the first condo hotel in Tecton's boutique hotel portfolio.

Located at 1052 Ocean Drive, The Strand Ocean Drive encompasses four historical structures and one new building. Each of the 87-room condo-hotel units are furnished by European design manufacturer Luminaire and features a unique design theme, ranging from Tropical and Contemporary to Art Deco and Retro. Each unit, which ranges from 467 to 800 square feet, comes equipped with full stainless steel kitchens, granite top bathrooms and spectacular views of Ocean Drive and the beach.

"The Strand Ocean Drive is the first condo hotel in our portfolio, and it's one of the hottest products on South Beach today," said Raul Leal, president of Tecton Hospitality. "More consumers are recognizing the value of these properties, not only as a vacation home, but for their potential for appreciation down the road. As a result, there is a great demand for more inventory of this kind in the market, and we plan to be at the forefront of this unique concept."

The Strand Ocean Drive will offer two distinct food and beverage options for the more sophisticated to the more casual palate. From well-known international restaurateur Stephano Fritella, comes Atlantic Grill & Bar, which will serve international cuisine specializing in seafood, pasta and steak. For the more casual but discerning diner comes Cheeseburger South Beach.

"Its premier location on South Beach is perfect for the vacationer that really wants to experience all of what South Beach is internationally famous for," said Doug Carrillo, vice president of sales and marketing for Tecton Hospitality.

The hotel also features a roof-top pool and indoor/outdoor fitness center and is a member of the Preferred Hotels Boutique upscale properties. For more information, call (305) 538-9830 or visit www.thestrandoceandrive.com/ .

Tecton Hospitality provides a wide range of management services to both institutional and individual owners of hotels in the United States and Caribbean. The Miami-based company operates branded hotels, including full- service properties and resorts under the Sheraton, Marriott, Hampton Inn, Holiday Inn and Best Western names, as well as boutique hotels through the Desires boutique-hotels division. In addition to The Strand Ocean Drive, the Desires portfolio currently includes the award-winning 84-room Water Club in San Juan, Puerto Rico, the 50-room Aqua Hotel, the 66-room Wave Hotel, the 83- room Circa 39, the 40-room Astor Hotel and the 61-room The Betsy Ross Hotel in Miami Beach, Fla., and the soon-to-be-open 110-room Glenn Hotel in Atlanta, Ga.

CONTACT

Marichelli Heredia
Thorp & Company
Phone: +1-305-446-2700
Email: mheredia@thorpco.com

ORGANIZATION

Hospitality NetTecton Hospitality
http://www.tectonhospitality.com
1101 Brickell Ave., Suite 1400
USA - Miami, FL 33131
Phone: 305/577-8484
Fax: 305/577-8228
Email: info@tectonhospitality.com

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