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TONY POTTER NAMED NEW CHIEF EXECUTIVE OFFICER FOR CORINTHIA HOTELS INTERNATIONAL

(Floriana, Malta - August 7, 2006) - Corinthia Hotels International, the hotel management arm of the Corinthia Group, announces the appointment of Mr. Tony Potter as Chief Executive Officer.

Tony Potter brings with him a wealth of experience in the hotel industry, having occupied senior roles in global hotel companies throughout his career, most recently CEO with Millennium & Copthorne plc.

Mr. Alfred Pisani, Chairman of Corinthia Group, said: "We have ambitious plans for our hotel business, as investors and operators, and we welcome Tony as a key contributor to this development and growth".

 Mr. Potter said: "I am excited by the prospect of joining Corinthia Hotels International and building upon what is already an excellent reputation".

Corinthia Hotels International manages 20 hotels in the four and five-star category in Europe, Africa and the Mediterranean, having a total of 5,300 bedrooms, and a network of sales offices worldwide. The Company is set to embark on a rapid growth phase in the coming years, operating hotels being developed or acquired by its parent hotel investor company, as well as for 3rd party asset owners. In parallel, plans are in hand to redefine the Corinthia Brand within the upscale five-star category.

For further information on Corinthia Hotels International please visit  www.corinthiahotels.com

Mr. Tony Potter, Chief Executive Officer, Corinthia Hotels International     

Malta Contact: Manuel Briffa                                   USA Editorial Contact:

Phone: +356 2551 1146                                          Karen Hoffman

Fax:   +356 21 239732                                             The Bradford Group

Mobile:+356 9943 2252                                          Tel: (212) 447-0027

e-mail: mbriffa@corinthia.com                                e-mail: bradfordmktg@aol.com

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