Member of Elliott Group Board of Directors Elected President of Caribbean Hotel Association

(DOMINICAN REPUBLIC June 27, 2007) — Elliott Group announced today that Enrique De Marchena Kaluche, partner and member of the Board of Directors, has recently been elected to the position of President of the Caribbean Hotel Association (CHA).

De Marchena Kaluche is not only the second Dominican to hold the prestigious position; the first was Simon Suarez, who served from 2002 until 2004. He is also only the second CHA President from the Spanish Caribbean.

According to CHA guidelines, De Marchena Kaluche will face a preparation period of 12 months before assuming the 2008 - 2010 presidency term during the annual Caribbean Hotel and Tourism Conference, held in June 2008. De Marchena Kaluche currently serves as the fifth vice president of the CHA, following a term as regional vice president representing his country on the CHA Executive Committee.

“Great organizations are comprised of great individuals,” said Derek Elliott, President and CEO of Elliott Group. “Enrique is a valued member of our team, and we congratulate him for his election to the CHA Presidency. Not only does Enrique’s appointment highlight his achievements as both a Dominican and professional, but his appointment also represents a major advancement in the projection and growth of the tourism industry in the Dominican Republic.”

De Marchena Kaluche is the Founder and Managing Partner of the law firm De Marchena Kaluche & Asociados – Central Law. He is a former President of the National Hotel and Restaurant Association and a former President of the Tourist Promotion Council in the Dominican Republic. For more than a decade, De Marchena Kaluche has also served as an Honorary Consul of Jamaica in the Dominican Republic.

ABOUT ELLIOTTTM
Founded in 1977 by Frederick Charles Elliott, Chairman and Founder, Elliott™ continues its growth today in resort, hospitality, and entertainment industries. Mr. Elliott was joined by his son, Derek F. C. Elliott, President and Chief Executive Officer, as the company continued to grow its investment and real estate divisions. Elliott’s first investment in the Dominican Republic took place in 1987 and today, the company owns the Sun Village Resort & Spa brand and hosts the Annual Dominican International Film Festival at Sun Village Resort & Spa Cofresi each year in November. In addition to the annual film festival, Elliott™ plays host to a number of location shoots for feature film productions. The Elliott Foundation was established to raise funds and respond to important causes throughout the Dominican Republic, and today is dedicated to developing and promoting programs that benefit those in need throughout the country.

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