Trigild Names New Managing Director to Spearhead Hospitality Division

Veteran Hotel Industry Executive Tapped to Oversee, Maximize Value on Distressed Hotel Projects

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. January 21, 2010

SAN DIEGO, CA - (January 20, 2010) - Adding to its team of seasoned management, finance and real estate executives, Trigild, a distressed property management, receivership and loan recovery specialist headquartered in San Diego, has named Randy Hulce as managing director for hotels.

With many years of experience as a senior level executive in the hospitality and restaurant industries -- and special expertise in market economics -- Hulce joins Trigild's hospitality division where he will concentrate on maximizing value on Trigild-managed hotel properties throughout the country, and is also charged with developing new business opportunities.

"Randy has been involved in management, sales and marketing, development, franchising and acquisitions and dispositions of hotel assets throughout the United States,” said Trigild president Bill Hoffman, whose company has provided receiverships and management services to 225 hotels and resorts. “His depth of experience and expertise on an operations and financial level will be invaluable to us as we continue to expand our roster of distressed hotel and resort properties.”

Before joining Trigild, Hulce was CEO/owner of Executive Guidance Inc., focusing on advising lenders and owners regarding hotel performance in operations efficiency, sales and marketing, revenue management, internet deployment and strategic options for exit or retention strategies. Prior to that, he was vice president/asset management for Sunstone Hotel Investors Inc., a lodging real estate investment trust -- supervising capital investment project management and directing third party management operations for luxury hotels such as Hyatt, Marriott, Hilton, Embassy Suites, Renaissance and Fairmont Hotels and Resorts. He also served as president/CEO of Sunstone Hotel Management Inc., where he helped convert a start-up REIT of eight hotels to a professionally managed company of 70 properties with over 10,000 rooms. In addition, he was senior vice president of operations for La Quinta Inn and Suites, where he was responsible the financial performance of 125 La Quinta Inns & Suite hotels throughout Texas. He was also senior vice president of asset management for Lennar/Lehman Brothers, overseeing an REO portfolio of over 30 deed in lieu managed assets. For 14 years, he worked for Holiday Inn Worldwide in various executive level positions, spearheading the Holiday Inn Express launch.

Hulce holds an MBA from Kellogg Graduate School of Management at Northwestern University and a Bachelor of Science degree from Western Michigan University.

About Trigild
Headquartered in San Diego with regional offices throughout the country, Trigild has more than 30 years of expertise in managing a wide array of commercial real estate assets and operating businesses, focusing on turnaround management and repositioning of troubled properties. Specializing in non-performing commercial loans, Trigild combines receivership, operations management, consulting, and disposition services under one roof -- for maximum loan recovery. Trigild is located at 12707 High Bluff Drive, Suite 300, San Diego, 92130. For further information, visit www.trigild.com.

MEDIA CONTACT:
Sydnie Moore,
(619) 823-8448,
[email protected]