GOLF EVERY STAY. September er Dear Sample A. Sample,

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1 GOLF EVERY STAY. September er 2008 Dear Sample A. Sample, As a Preferred Hotel Group traveler, we invite you to join PREFERRED GOLF CLUB and begin your own legendary golf tour. A $295 membership, exclusive to American Express Cardmembers, gets you a complimentary round every time you stay two consecutive nights at over 50 participating Preferred Golf Club resorts. Your PREFERRED GOLF CLUB travels will take you to some of golf s greatest destinations. Following is the growing list of participating resorts: AL RAHA BEACH HOTEL ATLANTIS DROMOLAND CASTLE HOTEL FRENCH LICK RESORT HOTEL ARISTA RICH HARVEST FARMS KEYSTONE LODGE & SPA, A ROCKRESORT LOUGH ERNE GOLF RESORT PALMERAIE GOLF PALACE & RESORT RANCHO BERNARDO INN THE EMPIRE HOTEL & COUNTRY CLUB THE GRAND DEL MAR THE GREENBRIER THE GROVE PARK INN RESORT & SPA THE HERITAGE GOLF & SPA RESORT THE K CLUB WHITETAIL CLUB & RESORT ARIZONA GRAND RESORT BARNSLEY GARDENS RESORT BEDFORD SPRINGS RESORT CAP MAISON RESORT & SPA CAPE KIDNAPPERS CASA DORADA LOS CABOS, RESORT AND SPA CHÂTEAU ÉLAN WINERY & RESORT ESPLENDOR RESORT AT RIO RICO FINCA CORTESÍN HOTEL, GOLF & SPA GARDEN OF THE GODS CLUB GINN HAMMOCK BEACH TM RESORT GINN REUNION RESORT GRAND HOTEL HOTEL QUINTA DA MARINHA RESORT KAURI CLIFFS KINGSMILL RESORT & SPA MAUNA LANI BAY HOTEL & BUNGALOWS OJAI VALLEY INN & SPA PALMERSTON ETNA GOLF RESORT & SPA PHEASANT RUN RESORT PINEHURST RESORT PORTMARNOCK HOTEL AND GOLF LINKS RANCHO DE LOS CABALLEROS SANDY LANE SKYTOP LODGE SNAKE RIVER LODGE & SPA, ROCKRESORT THE BROADMOOR THE CLOISTER AT SEA ISLAND THE COEUR D'ALENE RESORT THE HISTORIC GRAND VIEW LODGE ON GULL LAKE THE HOUSTONIAN HOTEL, CLUB & SPA THE LODGE & SPA AT CORDILLERA THE LODGE AT SEA ISLAND GOLF CLUB THE LODGE AT VAIL, A ROCKRESORT THE PINES LODGE, A ROCKRESORT THE SAGAMORE THE VILLAS OF GRAND CYPRESS GOLF RESORT WOODSTOCK INN & RESORT TUBAC GOLF RESORT & SPA TUCKER'S POINT HOTEL & SPA TURTLE BAY RESORT WATERCOLOR INN & RESORT WEQUASSETT RESORT & GOLF CLUB WEST BADEN SPRINGS HOTEL Your Preferred Golf Club membership delivers exclusive benefits including 24/7 access to the Preferred Golf Club Desk for tee times and hotel reservations, best room rate guaranteed, priority early check in/late check out, exclusive hotel offers, valuable partner promotions, and invitations to special events. Additionally, we encourage you to FILL YOUR FOURSOME. When you invite three fellow golfers to join Preferred Golf Club, they will enjoy a reduced membership fee of $100 for their first year. To join, visit PreferredGolf.com to purchase your membership. You can also browse our resorts, search our courses, and learn about special promotions on our site. For hotel reservations and tee times, call the Preferred Golf Club Desk at Outside the U.S. call If you travel with your clubs, travel with ours. Warm Regards, Casey Ueberroth Managing Director, Preferred Golf Club

2 The annual membership fee is $295, which must be paid for with any American Express Card. Complimentary golf offer is valid at participating Preferred Hotel Group hotels and resorts and will be redeemed only when purchasing a minimum consecutive two-night stay at participating golf resorts. Memberships are auto-renewed at the end of the annual membership term to the American Express Card on file after written notification to club members 30-days prior to the end of their membership. Cardmembers will be charged annually for membership until membership is cancelled. For full offer details, current list of participating resorts, and complete Terms and Conditions, please visit Void where prohibited by law Preferred Hotel Group, Inc.

3 charter member EXP 12/09 WITH YOUR MEMBERSHIP YOU RECEIVE COMPLIMENTARY GOLF EVERY TIME YOU STAY TWO CONSECUTIVE NIGHTS AT ANY OF OUR PARTICIPATING RESORTS. ACTIVATE YOUR MEMBERSHIP AND SEARCH THE WORLD CLASS RESORTS AND COURSES IN OUR CLUB AT OR CALL YOUR 24-HOUR PREFERRED GOLF CLUB DESK.

4 SEARCH THE WORLD CLASS RESORTS AND COURSES CALL YOUR 24-HOUR PREFERRED GOLF CLUB DESK ACTIVATE YOUR MEMBERSHIP BOOK YOUR TRAVEL THE K CLUB SANDY LANE SEA ISLAND The annual membership fee is $295, which must be paid for with any American Express Card. Complimentary golf offer is valid at participating Preferred Hotel Group hotels and resorts and will be redeemed only when purchasing a minimum consecutive two-night stay at participating golf resorts. Memberships are auto-renewed at the end of the annual membership term to the American Express Card on file after written notification to club members 30-days prior to the end of their membership. Cardmembers will be charged annually for membership until membership is cancelled. For full offer details, current list of participating resorts, and complete Terms and Conditions, please visit Void where prohibited by law Preferred Hotel Group, Inc. WITHIN THE U.S. CALL OUTSIDE THE U.S. CALL

5 WITH YOUR MEMBERSHIP YOU RECEIVE COMPLIMENTARY GOLF EVERY TIME YOU STAY TWO CONSECUTIVE NIGHTS AT ANY OF OUR PARTICIPATING RESORTS. charter member m EXP 12/09 ACTIVATE YOUR MEMBERSHIP AND SEARCH THE WORLD CLASS RESORTS AND COURSES IN OUR CLUB AT OR CALL YOUR 24-HOUR PREFERRED GOLF CLUB DESK.

6 SEARCH THE WORLD CLASS RESORTS AND COURSES CALL YOUR 24-HOUR PREFERRED GOLF CLUB DESK ACTIVATE YOUR MEMBERSHIP BOOK YOUR TRAVEL THE K CLUB SANDY LANE SEA ISLAND The annual membership fee is $295, which must be paid for with any American Express Card. Complimentary golf offer is valid at participating Preferred Hotel Group hotels and resorts and will be redeemed only when purchasing a minimum consecutive two-night stay at participating golf resorts. Memberships are auto-renewed at the end of the annual membership term to the American Express Card on file after written notification to club members 30-days prior to the end of their membership. Cardmembers will be charged annually for membership until membership is cancelled. For full offer details, current list of participating resorts, and complete Terms and Conditions, please visit Void where prohibited by law Preferred Hotel Group, Inc. WITHIN THE U.S. CALL OUTSIDE THE U.S. CALL