Mankarios Group Appointed Managers of San Ysidro Ranch

MONTECITO, CA (March 12, 2004) - Ty Warner, Chairman and CEO of Ty Warner Hotels and Resorts, owner of the world renowned San Ysidro Ranch, Montecito have retained the Mankarios Group as Managers of the resort.

The resort, with 38 luxurious cottages, has recently completed extensive renovations as part of the first phase of an on-going program. Built in classic bungalow style, the cottages offer wood-burning fireplaces, outdoor hot tubs and decks giving way to sweeping vistas of the Pacific Ocean, Channel Islands and Santa Ynez Mountains.

Famed as "The Most Romantic Destination in the World," "Hideaway of the Rich and Famous," "Magic in the Mountains" and many similar accolades. The resort offers the ultimate experience in luxury getaways with world-class service and the finest regional cuisine featuring the freshest ingredients from the resort’s organic vegetable and herb garden.

The Mankarios Group, founded by luxury hotelier Atef Mankarios, is an advisory asset management and management company that is focused only on luxury hotels and resorts. "This is an exciting opportunity to take a unique one-of-a-kind resort like San Ysidro Ranch into its rightly place amongst the top resorts in North America," said Atef Mankarios whose name has been associated with some of the world’s most successful and respected hotels. Mankarios just stepped down from his post as President and CEO of St. Regis Hotels and Resorts and was longtime CEO of Rosewood Hotels.

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