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PETER BOWLING APPOINTED MANAGING DIRECTOR OF ROSEWOOD'S JUMBY BAY

DALLAS, Texas (August 5, 2002) - Rosewood Hotels & Resorts has appointed
Peter Bowling managing director of Jumby Bay, the exclusive Caribbean
private island hideaway off the coast of Antigua. The Jumby Bay Owners
Association recently named Rosewood Hotels & Resorts to manage the 39-room
resort.

In his new post, Bowling will supervise both a property refurbishment
and operational relaunch of Jumby Bay, scheduled to be completed by December 1.

"Peter Bowling comes to us with an extensive background in the opening
and managing of luxury Caribbean resorts," said Ray Jacobi, chief operating
officer of Rosewood. "He has an intimate knowledge of the property,
having previously served as food and beverage director for four years in the
1980s, and we will greatly benefit from his former association and are pleased to
have him back as managing director," he added.

Previously, Bowling served as managing director of the first
boutique-style Country House Hotel on Barbados, "Villa Nova." In this post, he
supervised a four-year construction and successful opening, which achieved
international accolades.

Prior to that, Bowling was general manager of Cotton House Hotel in
Mustique, St. Vincent & The Grenadines, general manager of Royal
Pavilion Hotel in St. James, general manager of The Inn at Perry Cabin in St.
Michaels, Maryland, and general manager of Chilston Park Country House
in Kent, England.

Jumby Bay is a 300-acre island that is located minutes from Antigua's
V.C. Bird International Airport. In addition to the five-star resort, the
island contains private estates, villas, and home sites.

Rosewood Hotels & Resorts, headquartered in Dallas, Texas, manages
properties on five continents worldwide, including The Carlyle in New
York City, The Mansion on Turtle Creek in Dallas, Las Ventanas al Paraiso in
Los Cabos, Mexico and Badrutt's Palace in St. Moritz, Switzerland. Each
property is preeminent in its region and artfully designed with local
inspiration to create a sense of placeŽ. Throughout its 23-year
history, Rosewood has delighted guests, and elevated hospitality to a new level
by providing discrete, personal service and demonstrating remarkable
attention to detail. For more information on Rosewood Hotels & Resorts, call
888-ROSEWOOD or visit the website at www.rosewoodhotels.com .

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