Summer 2003: Marc Resorts Hawaii, one of Hawaii's largest hotel and resort condominium management companies, has entered into an affiliation with Arizona-based Discover Resorts International. Under this unique agreement, Discover Resorts will supplement the sales and marketing efforts of Marc Resorts' condominium accommodations. Marc Resorts will remain directly responsible for its properties' management and operations.

The affiliation marks Discover Resorts International's first major presence in Hawaii's hotel industry. This leading resort rental management and marketing company features high-quality rental homes and condominiums in Arizona, California, Colorado, Florida, Utah, Montana, the Caribbean and England. The agreement now adds 14 properties on five major Hawaiian Islands-represented by Marc Resorts-to Discover Resort International's inventory of properties.

Discover Resorts International offers a powerful blend of business drivers, including a central reservations sales office and an aggressive website, offering the latest in advanced technology with an instantaneous worldwide link to all properties in the Discover Resorts system. This system will now include the 14 Marc Resorts properties www.discoverresorts.com.

"This is a win-win situation for both Marc Resorts and Discover Resorts International," said Paul Tomonari, executive vice president of Marc Resorts. "Marc Resorts and its properties will now have an added channel of distribution to an established client base of vacation rental guests, so unused inventory can be filled. Discover Resorts International can now provide travelers to Hawaii with an array of attractive, affordable condominium accommodations."

"Marc Resorts is a proven organization with formidable insight into the Hawaiian market, its specific needs and its tremendous potential," said Jim Kempski, executive vice president of Discover Resorts International. "This new agreement enables us to accommodate the immense demand for lodging in Hawaii by partnering with a well established, reputable company. Marc Resorts supplies the local know-how, Discover Resorts supplies an established client base-and travelers to Hawaii come out ahead."

Marc Resorts features 14 properties on five Hawaiian Islands, including Diamond Head Beach Hotel, Island Colony-A Marc Suite, Waikiki Royal Suites and Marc Suites Waikiki on Oahu; Hanalei Bay Villas, Emmalani Court, Pali Ke Kua at Princeville, Pono Kai Resorts, Pu'u Po'a and Hale Moi Cottages on Kauai; Kona Bali Kai on the Big Island; Marc Maui Vista Resort on Maui; and Marc Molokai Shores and Marc Ke Nani Kai on Molokai. The company was formed in 1987 to manage resort hotel and condominium properties and to invest in ownership of such properties when appropriate. Marc Resorts was acquired in 2002 by Heller-White Hotel Management LLC. For more information, call Marc Resorts toll-free at 1-800-535-0085, direct at (808) 926-5900 or visit www.marcresorts.com.

Discover Resorts International is an inclusive hospitality, marketing and specialty lodging firm, providing call center, on-line booking and expansive services in vacation rental, concierge services, resort and property management and hospitality marketing. Headquartered in Scottsdale, Discover Resorts currently offers fully furnished private luxury homes, condominiums, villas and resort accommodations at 22 locations through North America, the Caribbean and Europe. For further information on Discover Resorts International, check its web site at www.discoverresorts.com or call 877-934-7268.