Sonesta International Hotels Corp: Company Report

Sonesta International Hotels Corporation is engaged in the operation of hotels that it owns or leases in Boston (Cambridge), Massachusetts, Key Biscayne, Florida, and New Orleans, Louisiana. It also operates, under management agreements, hotels in Coconut Grove, Florida; Sunny Isles Beach, Florida ; and Cairo, Luxor, Port Said, Taba, Hurghada and Sharm el Sheikh, Egypt; and Nile River cruise vessels. The Company has also entered into management agreements to operate new hotels being created in Jaco, Costa Rica, Miami, Florida and San Carlos, Mexico. At December 31, 2008, the Company has granted licenses for the use of its name to six hotels in Peru, two hotels in St. Maarten, and two hotels in Brazil. On January 1, 2008, the Company commenced management of a hotel in Hurghada, Egypt.It also announced the termination of its management contract for Trump Sonesta Resort, in Sunny Isles, Florida, effective April 1, 2008.

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