Capitol Investment Holdings signs management agreement with Patina Hotels & Resorts to operate The Patina, Capitol Singapore

Singapore, 29 April 2013 – Capitol Investment Holdings Pte. Ltd. (“Capitol Investment Holdings”) and luxury brand Patina Hotels & Resorts Pte Ltd (“Patina Hotels & Resorts”) today jointly announced the signing of a Hotel Management Agreement (“HMA”) to operate The Patina, Capitol Singapore, Patina Hotel & Resorts’ flagship hotel, at the Capitol development, a prime integrated development in Singapore’s Downtown Civic District.

Mr Pua Seck Guan, Director and Shareholder of Capitol Investment Holdings Pte. Ltd., said, “We are pleased to announce The Patina, Capitol Singapore, as the six-star hotel component within the Capitol development. This follows the successful launch of Eden Residences Capitol, an ultra-luxurious residential tower, within the premier integrated lifestyle precinct. Pontiac Land Group is renowned for its ownership of luxurious hotels and hospitality business in Singapore. With their management of the Patina brand, which is well supported by their strong hospitality track record and experience, coupled with the beautifully restored heritage buildings which will house the hotel, we are well-poised to create an outstanding hotel product which will elevate the status of the entire development.”

Mr Pua, added, “In the coming quarters, we will be unveiling an array of exciting concepts for Capitol’s retail and theatre components which will be befitting of the premier status of the unique integrated development, bringing us towards realising our vision to create Singapore’s heritage lifestyle, retail and entertainment precinct in Singapore’s Downtown Civic District.”

Mr. Marc Dardenne, Chief Executive Officer of Patina Hotels & Resorts said, “Patina Hotels & Resorts is a new global luxury lifestyle brand that is set to be a strong contender in the luxury travel industry. We effectively combine the hardware with the “heartware”, emphasizing a strong sense of place, highly personalized one-to-one intuitive service with distinctive architecture and a passion for intricate details, art and culture, which we intend to share with our guests. We are honoured to launch our flagship property, The Patina, Capitol Singapore, as a part of Capitol’s integrated luxury lifestyle concept. With its outstanding location, dedication to service and unique product offerings, we are confident to inspire and live up to our motto of “Distinctive memories, one guest at a time.”

Ms. Melissa Kwee, Director of Pontiac Land Group, noted, “The Capitol Development is inspiration for what we seek to reinforce and create today. We are delighted to have been selected by Urban Renewal Authority to restore, update and continue the legacy of these great conservation buildings and their builders with The Patina, Capitol Singapore. Recently admitted as a member of The Leading Hotels of the World, we are happy to note that our new hotel, along with Capella Singapore, are the only two members represented in The Leading Hotels of the World in Singapore. We are excited about this new chapter in Capitol's history and we look forward to welcoming everyone at our opening at the end of next year.”

Comprising Stamford House and Capitol Building, The Patina, Capitol Singapore, is designed by world-renowned hospitality interior design company Jaya International Design. The property contains 157 well-appointed rooms and is a member of The Leading Hotels of the World (www.lhw.com), a global luxury hotel collection. Further enhancements in all guest rooms include a centralized control system through individual hand-held tablets, a surround sound system, complimentary high-speed Internet connection, high quality bed linen and premium bath amenities.

Leisure facilities include a relaxation saltwater pool, state-of-the-art fitness centre, a Library Club Lounge and a signature restaurant and lounge. There will also be a function room with a pre-function area that can be divided into two rooms for intimate events.

Patina Hotels & Resorts’ signatures include a customer focused 24-hour Stay programme. Each of the hotel’s associates is an “ambassador” of the brand and will function as a personal Concierge to our guests, infusing signature 360° Concierge and One-to-One anticipatory, highly personalized service.

In addition, Patina Hotels & Resorts introduces Patina Residence Club, a new luxury lifestyle concept. Dedicated to the finer points of service excellence, residents at Eden Residences Capitol can obtain tailored hospitality services from Patina’s Residence Club Managers. Be it culinary, housekeeping or lifestyle, their needs will be fulfilled with utmost sophistication and discretion.

Patina Hotels & Resorts (www.patinahotels.com) is owned by members of the Kwee family. Drawing together many diverse elements to create an iconic luxury hotel collection; the brand brings sophisticated, elegant and bespoke experiences to guests, creating masterpiece destinations, infused with service, art and architecture.

About Capitol Development

The Capitol Development, strategically located in Singapore’s civic and cultural district, is designed by Pritzker Prize Laureate Richard Meier. It comprises three conservation buildings - Stamford House, Capitol Building and Capitol Theatre and a new wing. By fourth quarter 2014, the site is to be transformed into Singapore’s first integrated luxury lifestyle precinct to house the Eden Residences Capitol, The Patina, Capitol Singapore hotel, a premier upscale retail mall and the iconic Capitol Theatre.

About Capitol Investment Holdings Pte. Ltd.

Capitol Investment Holdings Pte. Ltd. (“Capitol Investment Holdings”), a joint venture company that owns the landmark Capitol Singapore integrated development in Singapore’s Downtown Civic District, is 50% held by Pontiac Land Group and its affiliates (PLG), with the remaining 50% held by Perennial Real Estate Holdings Pte. Ltd. (“Perennial Real Estate Holdings”) and Mr Ron Sim.

About Patina Hotels & Resorts

Patina Hotels & Resorts is a luxury hotel management company that draws together many diverse elements to create an iconic luxury hotel collection offering sophisticated, elegant and bespoke experiences. We aim to create masterpiece destinations, infused with service, art and architecture. Patina’s flagship hotel, The Patina, Capitol Singapore, in Singapore’s civic and cultural district is slated to open end-2014.

About The Patina, Capitol Singapore

The iconic Capitol Building and Stamford House, located in Singapore’s civic and cultural district, have been restored to house The Patina, Capitol Singapore, a member of The Leading Hotels of the World. The property’s intricate interior details and generous ceiling heights are complemented by modern technology and highly personalized service. The Patina, Capitol Singapore, will deliver an unparalleled experience for guests – traditional, yet contemporary; intimate yet in the heart of the city.