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Le Méridien Hotels to Make Barbados Opening

Global hotel group Le Méridien Hotels & Resorts has
signed an agreement with Pierhead Project Investors Inc. to manage a 200-bedroom
hotel in Barbados. Part of a new luxury waterfront development at the Pierhead in
Bridgetown, Le Méridien Barbados is expected to open in 2010.
The five-star hotel, just 20 minutes from the airport, will be part of a mixed
development project, which will also include 200 apartments, a 150-berth marina,
tax-free shopping outlets, parking and a maritime museum.

According to Robert Riley, CEO of Le Méridien: “Being part of this important
new development, which will also offer a choice of leisure and business
facilities, represents a fantastic opportunity for Le Méridien. Currently there
is a limited presence of international hotel brands on the island and we are
delighted to have this opportunity to establish a Le Méridien hotel in Barbados.”

When completed, Le Méridien Barbados will offer banqueting for 500 guests, a
marina restaurant, beach-side pool terrace and bar, health & fitness club, roof
top bar, pool and dedicated parking.

A spokesman for Pierhead Project Investors said: “We look forward to working
with Le Méridien.  We believe that their European heritage and worldwide marketing
expertise are two key elements that will provide guests with the hospitality and
service standards needed to make the hotel a successful part of this exciting new