OHANA Reef Lanai receives $1.3 million in property upgrades

HONOLULU, OAHU, HAWAII – OHANA Hotels & Resorts has completed a $1.3
million upgrade to the 110-room OHANA Reef Lanai, located at 225
Saratoga Road in Waikiki.

This boutique-style hotel is just a block from the beach and Fort
DeRussy Park and offers friendly island service and a selection of
comfortable guest rooms and kitchenettes, many with eye-catching ocean
or park views.

Guests checking into the OHANA Reef Lanai are now greeted with a newly
refurbished lobby with island themed artwork and wood furnishings.
Quartzite stone flooring adorns the lobby and outside patio areas.
Elevators have been upgraded with security in mind. A guest's valid
card key is now necessary to
access all guest floors.

Corridors, guest rooms and suites are now sporting new wallpaper and
carpeting. Other upgrades to guest rooms and suites include new beds,
bedspreads, drapery, sofa beds, televisions and fully refinished and
reupholstered furnishings. Kitchenettes have new granite counter tops
and updated fixtures.

According to Bitsy Kelley, director of business and brand development
for OHANA Hotels, the OHANA Reef Lanai is one of Waikiki's hidden
gems. This hotel has so much going for it, Kelley said. If you're
looking for comfort, value and a great location, the OHANA Reef Lanai
is for you.

Kelley added that return guests especially like the complimentary
continental breakfast that is available to hotel guests each morning
from 7:00 to 8:30 am in Buzz's Restaurant, located just off of the
hotel lobby. It's an added benefit unique to this particular OHANA
hotel, Kelley noted.

All rooms at the OHANA Reef Lanai offer refrigerators, irons, ironing
boards, hair dryers, voice mail, Nintendo games and in-room movies.
Kitchenettes come equipped with a microwave oven, refrigerator, sink,
cooking utensils, toaster and a coffee maker. There is ample parking
on property as well as a coin-operated laundry facility, making the
hotel ideal for longer stays. Guests also have pool and whirlpool spa
privileges at the
beachfront Outrigger Reef hotel, which is just a five-minute walk away.
Guests will also find the Cowabunga Kids Club and the Serenity Spa at the
Outrigger Reef, both of which are available to guests of the OHANA Reef
Lanai.

SimpleSaver Rates at the OHANA Reef Lanai start at just $89 per room,
per night, available on a space available basis throughout the year.
Standard rates range from $139 per night for a standard room with a
city view to $219 for a one-bedroom oceanview suite. A variety of
packages are also available, including OHANA's popular First Night
Free program, which offers a free night with a minimum five-night
stay.

The OHANA Reef Lanai is one of 14 OHANA properties located in the
heart of Waikiki. Last year, the brand expanded to the Neighbor
Islands when it assumed management of the OHANA Maui Islander in
historic Lahaina Town and
the OHANA Keauhou Beach on the island of Hawaii. 2001 also saw the first
OHANA hotel to open outside of Hawaii on Guam with the introduction of
the
OHANA Oceaview Guam. Later this year, OHANA's second Guam property will
come
on line when the OHANA Bayview Guam reopens in May with fully refurbished
guest rooms, public areas and a new restaurant.

OHANA Hotels & Resorts is a division of Hawaii-based Outrigger
Enterprises, Inc., the largest lodging company in Hawaii and one of
the fastest growing lodging companies in the Pacific. Under its two
hotel brands — Outrigger Hotels & Resorts and OHANA Hotels & Resorts,
the company currently operates or has under development 45 hotels and
resort condominiums throughout the Pacific region, representing more
than 12,000 hotel rooms and condominium units in Hawaii, Micronesia,
Australia and the South Pacific. Outrigger's affiliate, Outrigger
Lodging Services, manages nearly two-dozen hotels and resorts
throughout the U.S. mainland.