Parkroyal Hotels & Resorts accelerates its rollout of IDeaS at all its Singapore properties

Singapore, 8th August 2006 - Cairnhill Group Holdings Pte Ltd, a strategically diversified hospitality corporation and a certified reseller of IDeaS Revenue Optimization, announced today that Parkroyal Hotels & Resorts will install IDeaS Revenue Optimization in two additional properties. Those properties, the New Park Hotel and Plaza Parkroyal Singapore, come after the successful deployment of the IDeaS solution at the Grand Plaza Parkroyal in 2005.

"Last year when we installed the IDeaS solution at the Grand Plaza Parkroyal it was with the goal of improving our revenues and streamlining our operations. The installation was successful on both counts and consequently its a natural progression to install the IDeaS V5i Revenue Optimization Solution at our other two Singapore properties." said Mr Scott Butcher, Senior Vice President of Hotel Operations at Parkroyal Hotels & Resorts. Once the system is installed at these properties, it will not only help us yield better, but also will give us a consolidated view of our data across all three properties here in Singapore. This will allow us to further refine our yield strategies in the Singapore Market.

Rodney Tan, Group Chairman of the Cairnhill Group Holdings said "We have been working with the Parkroyal group for the last 12 months with excellent results and look forward to a adding the New Park Hotel and Plaza Parkroyal to the growing number of hotels using IDeaS Revenue Optimization."

About IDeaS Revenue Optimization

Designed to help hoteliers of any size maximize revenues and gain greater control over their business. Key functionality includes:

• ASP Delivery
• Business Intelligence Reporting
• Web-based Support, Training and Learning System
• Centralized Control with Multi Property View
• IDeaS Pricing and Channel Management
• Group Management

About Parkroyal Hotels and Resorts

The Parkroyal Hotels & Resorts chain is managed by Plaza Pacific Hotels & Resorts International Pte Ltd, which is the wholly-owned hotel management subsidiary of Hotel Plaza Limited. Parkroyal Hotels & Resorts has an extensive portfolio of 13 hotels in the Asia-Pacific region.

The Plaza Pacific Hotels & Resorts manages the Grand Plaza Parkroyal, Kuala Lumpur and Penang in Malaysia; the Grand Plaza Parkroyal, Plaza Parkroyal and New Park Hotel in Singapore; and the Grand Plaza Parkroyal in Yangon, Myanmar.

Each of the hotels is situated in a prime location, and offers deluxe accommodation with a comprehensive range of up-to-date facilities. Parkroyal offers our guests a total lifestyle experience with authentic Sichuan cuisine at Si Chuan Dou Hua Restaurants, a truly cultural experience at Tian Fu Teahouse, the first teahouse in a hotel and a healthy lifestyle by integrating therapy, fitness, aesthetics and active-ageing at St Gregory.

For more information, please visit www.parkroyalhotels.com.

About Cairnhill Group

Established in 1979, the Cairnhill Group is a strategically diversified Asian-owned corporation that has garnered a reputation as extremely progressive and continually innovative in the hospitality industry throughout Asia.

A true solutions provider, the Cairnhill Group provides their clients with cost effective revenue optimization strategies, innovative distribution, marketing & sales solutions, all of which are powered by state-of-the-art technology. These services are further enhanced with efficient and reliable local customer support, available via offices spanning across the Asia Pacific region. Further expertise has been enhanced from the recent partnership with US based revenue management solutions provider, IDeaS. For more information visit www.cairnhillgroup.com or email ideas@cairnhillgroup.com.