JJW Hotels & Resorts Limited ("JJW") - 2005 Financial Results

18th April 2006

JJW Hotels & Resorts Limited announces a strong performance in 2005

The Group has a portfolio of 56 hotels located in the UK, France, Germany, Austria and Portugal

Highlights

• Revenues up 78% to €153.9m
• EBITDA up 96% to €50.5m
• Total portfolio reached 56 hotels in 2005
• During the year the Balzac Hotel in Paris was closed for a total renovation, reopening in Autumn 2006
• £63m acquisition of The Scotsman Hotel Group (which includes The Hotel de la Tremoille in Paris) completed after the year end in line with the Group's focus on the expansion of activities at the luxury-end of the hotel sector.
• €200m investment and acquisition programme in 2006

Commenting on the results, Chairman of JJW Hotels, Sheikh Mohamed bin Issa al Jaber said:

"2005 was a year of excellent growth for JJW Hotels and the outlook is extremely positive. With further significant organic growth set to come through very strongly in the next few years and with a number of acquisition opportunities in our sights, we expect to achieve another strong performance in 2006."

For further information please contact:

Richard Brook
Group Chief Financial Officer
JJW Hotels/MBI International
Tel: + 44 (0) 20 7935 5859