NEW YORK | Michael Sagild has been appointed CEO of Stein Management Company International following the recent investment by KOP Group, Singapore. Michael's appointment is aimed at facilitating Stein's expansion into the global hotel market from its base in Europe, augmenting its initial brand extension into Asia and North America.

Stein Hotels and Resorts will continue as the consumer-facing brand, but the operating company's name will change to Stein Management Company International to reflect its restructuring into a global platform for the luxury hotel industry. As such Stein Management Company International will develop itself into the most significant management company in the world for its specialist sector - boutique luxury lifestyle hotels.

Michael Sagild's appointment will be supported by the promotion of Thierry Naidu to the post of Chief Operating Officer for Stein Management Company International.

Michael Sagild

Michael Sagild has over 25 years of hotel management experience on four continents. From January 2006 until recently, Michael was the Chief Operating Officer for Minor Hotels and Resorts in Bangkok, overseeing a USD320 million turnover. Prior to this, Michael was Managing Director for Le Meridien's Asia Pacific region. A graduate of Ecole Hoteliere de Lausanne, he later achieved a diploma in the Advanced Management Program of Cornell School of Hotel Management. Michael is Danish and speaks English, French, Danish and Swedish fluently, and has knowledge of German.

His proven abilities as an industry leader, strong record of exemplary owner relationships, and extensive multinational experience, together with his excellent interpersonal skills will enable Stein to develop onto a global platform.

Michael will commence his position on November 10th 2008.

Thierry Naidu

Thierry was born in Mauritius and is a resident in France and has 25 years experience in the hotel sector. Presently he is President of Stein Management Company Europe. Formerly General Manager of Chateau de la Chevre D'Or, which is located in Eze in the south of France, it was a position which he held for twelve years. Under Thierry's direction, the property developed into what is now considered to be one of the best hotels in the world. Thierry's other responsibilities included the managing of five restaurants, bars and a catering company. He was also a member of the International Board of Directors of Relais & Chateaux, President of the Tourist Board of Eze and Vice President of Les Palaces Cote d'Azur. Thierry speaks French, English, Italian and Spanish.

About Stein Hotels and Resorts | Stein Hotels and Resorts is the consumer-facing brand of Stein Management Company International. Stein Hotels and Resorts specializes in the management of boutique luxury lifestyle hotels across Europe offering a full portfolio of management services and a dedicated team of industry experts. Our hotels are characterized by spacious 25- to 125-room properties with charming architecture and design, spectacular locations, and in many cases emblematic and historic buildings regarded as local landmarks. Website

About KOP Group | KOP GROUP Pte Ltd ("KOP") is a diversified real estate investment and development company headquartered in Singapore with residential, commercial, hotels and resorts properties in its portfolio spanning several global key cities. KOP boasts a creative professional team with diverse experience in real estate development, sales and marketing, creative deal structuring, financing, project management and asset management. It has the financial backing and access to the extensive networks of its majority stakeholder, the Dubai Group, a member of Dubai Holdings, one of the most prominent conglomerates in Dubai. Website

Kathleen Duda
KVD Communications
212-329-7259
The Stein Group