Classic Residence by Hyatt and Plaza Companies Announce New Leadership at Silverstone, Grayhawk Senior Living Communities

SCOTTSDALE, ARIZONA, FEBRUARY 05, 2009

Executive Director Gail Rankin

Executive Director Gail Rankin, Classic Residence at Silverstone

Classic Residence by Hyatt and Plaza Companies announced new leadership at their two continuing care retirement communities (CCRCs) in Scottsdale, Classic Residence by Hyatt and The Plaza Companies at Grayhawk and Classic Residence at Silverstone.

Classic Residence at Silverstone is pleased to announce Gail Rankin as the executive director of the new community, which is approximately midway through development and opens next year. Rankin brings more than 25 years of experience to the position. Most recently, she served as executive director at the Grayhawk property. Prior to joining Classic Residence by Hyatt, Rankin worked in the acute care and home health care fields.

Steven Jones will be taking over the helm at Classic Residence by Hyatt and The Plaza Companies at Grayhawk as executive director. Jones worked closely with Rankin as associate executive director at the community. This role has prepared him well to take on daily responsibilities to ensure continuity for the community.

“We are thrilled to have such consummate professionals dedicated to our communities and our residents,” said Sharon Harper, president and CEO of the Arizona-based Plaza Companies. “Their exceptional leadership will ensure that our two Scottsdale communities will support our mission and core values to provide the high-quality experience for which Classic Residence by Hyatt and Plaza Companies are known.”

About Classic Residence at Silverstone
Classic Residence at Silverstone is the encore development from the award-winning partnership between Classic Residence by Hyatt and Plaza Companies. Ten years ago, Classic Residence by Hyatt brought its hospitality heritage to North Scottsdale by partnering with Plaza Companies, the highly reputable senior living developer, to build their first community for older adults at Grayhawk, which today is an award-winning community. Due to the great success of that community, the joint venture continues with Classic Residence at Silverstone. Located just two miles north of Grayhawk, the new $200+ million continuing care retirement community (CCRC) will have approximately 270 independent living units and an on-site care center upon completion in 2010.

With more than 50 years of combined experience in the senior living industry and an unparalleled experience in Scottsdale, the sales team at Classic Residence at Silverstone brings an invaluable service to the community as the project continues to develop. Classic Residence at Silverstone’s sales office is located at 23415 North Scottsdale Road, Suite 101, Scottsdale, Arizona 85255, phone (480) 342-9800 or 1-800-986-5212.

About Plaza Companies
Plaza Companies based in Peoria, Arizona, is an award-winning leader in development, acquisition and management of senior living communities, medical office properties, technology and bioscience parks. Founded in 1982, the company’s portfolio of projects and communities developed and managed by the company is valued at more than $1 billion. Signature projects include SkySong, the ASU Innovation Center, Banner Estrella Medical Plaza, Classic Residence at Silverstone and Paradise Valley Medical Plaza. More information is available by Internet at http://www.theplazaco.com/ or calling (623) 972-1184.

About Classic Residence by Hyatt
Classic Residence by Hyatt is a national leader in senior living that develops, owns and operates communities for older adults in Scottsdale, Ariz.; Monterey, Calif. (owned by Pacifica Companies and managed by Classic Residence by Hyatt); Palo Alto, Calif.; San Diego, Calif.; Highlands Ranch, Colo.; Aventura, Fla.; Boca Raton, Fla.; Hollywood, Fla.; Lantana, Fla.; Naples, Fla.; Plantation, Fla.; Pompano Beach, Fla.; Glenview, Ill.; Chevy Chase, Md.; Reno, Nev.; Teaneck, N.J.; Yonkers, N.Y.; Hilton Head Island, S.C.; and Dallas, Texas. Classic Residence by Hyatt’s newest continuing care retirement community is under development in Scottsdale, Ariz. A major expansion has just been completed in San Diego, Calif. Classic Residence by Hyatt communities have earned honors for being among the nation’s finest, including Platinum, Gold, and Silver Achievement Awards from the National Association of Home Builders 50+ Housing Council. The company’s Web site is at http://www.hyattclassic.com/.

Classic Residence by Hyatt is a privately held company and is independent from Hyatt Hotels and Resorts.