Dear Friends,

It's our pleasure to welcome you to the 2008 Preferred Annual Conference. Proudly, we hold this year's event at one of Preferred Hotels® & Resorts newest members, The Grand Del Mar. Located thirty miles north of San Diego in a picturesque setting of gently rolling hills, The Grand Del Mar is a spectacular resort destined to become a Southern California classic.

This year's theme, "Aspire," is significant because it represents a confident view towards a bright horizon. Preferred Hotel Group has just reached the exciting milestone of turning 40; we have great experience to inform us and great energy to lead the way forward. Our family of five brands represents over 650 of the world's finest hotels and our programs like I Prefer™, Preferred Golf Club, and Preferred Residences now reach hundreds of thousands of travelers worldwide. The Annual Conference is an opportunity to come together and map out our plan for continued success.

The program of events has been designed with you in mind. We think that the compelling combination of location, sessions, and activities will last with you beyond the conference.

Finally, we are happy to welcome you to the part of the world that we call home. Please join us for what promises to be a remarkable four-day event.

Warm regards,

John and Gail Ueberroth