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2007	2008 2006 2005

11.15.2007	Executive Appointment

10.15.2007	Senior Appointment

08.29.2007	Senior Appointment

07.26.2007	Senior Appointment

06.12.2007	Senior Appointment

06.01.2007	PH Assumes Asset Management Responsibilities of 13 IHG ANA Hotels

03.27.2007	PH Assumes Asset Management Responsibilities of SGTB

01.15.2007	Angsana Spa Debuts At Crowne Plaza Kobe Today

01.08.2007	The First Angsana Spa Opens in Re-branded Crowne Plaza Kobe

2006	2008 2007 2005

12.19.2006	Senior Appointment

12.15.2006	Kobe's Shinkobe Oriental Hotel Re-launched as "Crowne Plaza Kobe"

12.15.2006	Australia's Gold Coast hotel rebrands to Crowne Plaza Royal Pines Resort

11.16.2006	Kobe's Shinkobe Oriental Hotel to be Re-branded as "Crowne Plaza Kobe"

11.13.2006	Royal Pines Resort Joins Forces with InterContinental Hotels Group

11.10.2006	PH to Operate Two Park Lane Hotels

11.06.2006	Executive Appointment

10.25.2006	Senior Appointment

09.14.2006	PH Reaches Hotel Management Agreement with Hyatt

09.01.2006	Senior Appointment

08.21.2006	Senior Appointment

06.01.2006	The New Restaurant "Level 36" opened at Shinkobe Oriental Hotel

05.01.2006	Senior Appointment

04.07.2006	Hotel Sunflower Sapporo Re-launched as the Ramada Sapporo

03.02.2006	Senior Appointment

03.01.2006	Two New Restaurants Open at Ramada Osaka

01.17.2006	Osaka's Toyo Hotel Re-launched as the Ramada Osaka

2005	2008 2007 2006

12.02.2005	Hotel Sunflower Sapporo to be re-branded as Ramada Sapporo

10.31.2005	Senior Appointment

10.31.2005	Senior Appointment

10.28.2005	Osaka's Toyo Hotel to be re-branded as Ramada Osaka

09.30.2005	Morgan Stanley Establishes Hotel Management Company in Japan

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Panorama Hospitality is a leading hotel management and asset management
company serving the Asia Pacific and Europe regions.