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SANDPEARL RESORT ANNOUNCED AS“PREFERRED HOTELS® & RESORTS” MEMBER

CLEARWATER BEACH, FL –The new Sandpearl Resort has been designated by thePreferred Hotel Group as a member of the “Preferred Hotels & Resorts” brand. The 253-room, eightstoryluxury resort along 700 feet of Gulf of Mexico waterfront on Clearwater Beach, Fla., openedAugust 27, 2007.

Preferred Hotels & Resorts (www.preferredhotels.com) is a global brand uniting over 140 of the world’s finest and most distinctive independently owned luxury hotels and resorts, with a commitment to providing the highest standards of quality and service.

Every Preferred Hotel & Resort shares the same dedication to personal service, and must qualify for membership by adhering to Preferred Hotel Groups' Standards of Excellence™, an exhaustive quality assurance program that includes an annual, third party unannounced audit of 1,600 standards and practices and was honored with the "Best Practices Champion Award" by Cornell University.

Preferred Hotels & Resorts has consistently focused on travel agent and luxury travel partners to drive business to its independent properties; however in recent years, it has also placed a focus on group business.

“We are privileged to be a member of what we consider to be the finest collection of hotels and resorts in the world,” said Lee Weeks, CEO of Coral Hospitality, the management company of the Sandpearl Resort. “Sandpearl will certainly benefit from the immediate recognition and positioning in the marketplace from discerning leisure travelers around the globe.”

Preferred Hotels & Resorts is part of The Preferred Hotel Group, which services more than 300 luxury independent hotels and resorts in over 51 countries through its brands: Preferred Hotels & Resorts (www.preferredhotels.com), Summit Hotels & Resorts (www.summithotels.com), Boutique (www.preferred-boutique.com) and Sterling Hotels (www.sterlinghotels.com). The Preferred Hotel Group’s website is www.preferredhotelgroup.com.

The Sandpearl Resort was developed by JMC Communities (www.jmccommunities.com) of St. Petersburg, Fla., and is managed by Naples, Fla.-based Coral Hospitality (www.coralhospitality.com). Founded in 1978, JMC Communities is a Florida-based real estate development company specializing in premier waterfront residential properties that preserve and accentuate the state’s natural beauty and uniqueness. JMC Communities has developed more than 3,700 waterfront condominium homes in Florida, including many highly successful developments in the Gulf Coast area.

Coral Hospitality is a full service management company with a diverse portfolio of resorts, hotels, condominiums, private golf clubs, marina, spas and community associations; currently managing 35 properties throughout the Southeastern U.S. and the Caribbean.

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Media Contact:
Amanda Jackson
YPB&R Public Relations
(407) 838-1812
amanda.jackson@ypbr.com

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