293-key Homewood Suites New York/Midtown Manhattan Times Square-South Opens

Owned by West 37th Street Operator and Managed by PM Hospitality Strategies

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. July 02, 2014

NEW YORK / MCLEAN, VA - July 2, 2014 - Homewood Suites by Hilton, Hilton Worldwide's international brand of upscale, all-suite, extended-stay hotels, announced today the opening of its newest property, Homewood Suites New York/Midtown Manhattan Times Square-South. Located just three blocks from Times Square, the new property is the largest hotel to-date for the brand, its first property in Manhattan and a key component of Homewood Suites' overall urban expansion efforts.

"The saying about New York City goes, 'if you can make it here, you can make it anywhere,' and as we celebrate our 25th anniversary the timing could not be more perfect to make our Big Apple debut," said Bill Duncan, global head of Homewood Suites. "This hotel showcases the evolution of the brand and the flexibility of the Homewood Suites prototype. It allowed us to work with the developers to design a great property, composed of the right mix of spacious studio, and one-bedroom suites, which still incorporates the comforts guests expect from our brand, while fitting the needs of the area."

The 22-story, 293-suite Homewood Suites New York/Midtown Manhattan Times Square-South, is owned by West 37th Street Operator LLC - a Joint Venture between The Buccini/Pollin Group; Albanese Development Corporation and Rockwood Capital. The hotel is managed by PM Hospitality Strategies, Inc. (PMHS) a leading, national hotel management company.

"This new Homewood Suites re-sets the high water mark for budget-friendly accommodations in Midtown Manhattan," said Joseph Bojanowski, president, PMHS. "Our suites are considerably larger than the average guest room in any new hotel in the metro New York area and guests receive a wide range of value-added amenities like a complimentary hot breakfast and in-room WiFi. This neighborhood was ripe for an affordably priced hotel that offered this combination of spacious rooms and money-saving amenities in an extremely desirable Manhattan location. It is a testament to the power of the Homewood Suites brand and the market demand that guests were booking this hotel nine months in advance."

The Homewood Suites New York/Midtown Manhattan Times Square South is mainly comprised of studio suites, most with a twin sleeper sofa, and its innovative design led to Homewood Suites' recently launched Gen 9.2 prototype which allows owners to incorporate up to 85 percent studio suites, to meet local market demands, particularly, in urban markets where construction space is limited. This prototype is one way the brand continues to innovate to meet the needs of owners and guests.

The hotel is located at 312 West 37th Street, in downtown Manhattan between three of New York City's best-known neighborhoods: Time Square, the Garment District, and Hell's Kitchen. Nearby attractions within walking distance include Madison Square Garden, the Empire State building, the Broadway Theater District, Central Park, Rockefeller Center, Grand Central Station and Hudson River Park.

Guests at the Homewood Suites New York/Midtown Manhattan Times Square-South can enjoy a seasonal rooftop deck and garden terrace, a boardroom that can accommodate as many as 14 people, and dedicated meeting space, in addition to the amenities standard at all properties such as fully equipped kitchens and a complimentary grocery shopping service**. Two floors of the hotel offer its signature Atmosair, allergy-free rooms. The hotel maximizes its appeal to both business and leisure guests by offering a business center, concierge services an extended fitness center and an expansive Suite Shop convenience store selling frozen dinners, soups and other quick meals.

The Homewood Suites New York/Midtown Manhattan Times Square-South is the latest in the brand's urban expansion efforts. Since 2013, Homewood Suites has opened properties in Dallas, Denver and Nashville, with upcoming properties planned for downtown Miami and Chicago, illustrating the demand for upscale, value-driven suite accommodations in prime business and leisure metro markets.

Homewood Suites by Hilton provides travelers with amenities and services that maximize their travel budget, including complimentary internet, daily full-hot breakfast and evening dinner and drinks Monday through Thursday

Homewood Suites by Hilton New York/Midtown Manhattan Times Square-South participates in Hilton HHonors®, the only hotel rewards program that offers Points & Miles® and No Blackout Dates at more than 4,000 hotels worldwide.

Read more about Homewood Suites by Hilton at www.homewoodsuites.com and www.news.homewoodsuites.com.

About Homewood Suites by Hilton™

Homewood Suites by Hilton, Hilton Worldwide's upscale, all-suite, residential-style hotel with more than 300 hotels open in the United States, Mexico and Canada. Homewood Suites by Hilton is proud to be a J.D. Power 2014 Customer Champion - one of an elite group of 50 U.S. companies to be named to this list. Also voted "Top Upscale Extended-Stay" hotel by J.D. Power and Associates and Business Travel News, Homewood Suites by Hilton is the first choice for guests seeking comfortable, home-like accommodations when traveling for an extended stay. Beyond its spacious suites, which feature separate living and sleeping areas, and fully equipped kitchens with full sized refrigerators, additional value-driven amenities include: complimentary Internet, a daily full-hot breakfast, and healthy, delicious evening meals with drinks every Monday-Thursday. The brand is focused on guest satisfaction and stands behind each stay with its 100% Suite Assurance® guarantee. For more information, please visit www.homewoodsuites.com.

*Service of alcohol subject to state and local laws. Must be of legal drinking age.

**Guest pays for groceries. Other restrictions apply.

About Hilton Worldwide

Hilton Worldwide (NYSE: HLT) is a leading global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. For 95 years, Hilton Worldwide has been dedicated to continuing its tradition of providing exceptional guest experiences. The company's portfolio of eleven world-class global brands is comprised of more than 4,100 managed, franchised, owned and leased hotels and timeshare properties, with more than 685,000 rooms in 92 countries and territories, including Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Curio - A Collection by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton HHonors®.

About PMHS

PMHS is an award-winning, independent hotel management company, operating full-service and select-service hotels in the Hilton, Marriott, Starwood and Choice families of brands. The company's expertise covers all aspect of hotel operations, including development, technical consulting, marketing, accounting, pre-opening services and on-going management. PMHS currently manages approximately 25 hotel and development projects, comprised of more than 4,000 rooms, throughout the United States. Based in Washington, D.C., PMHS has participated in the development and acquisition/renovation of dozens of hotels with a market capitalization in excess of $1 billion. PMHS is an approved management company for all leading hotel brands. Additional information about the company may be found at www.pmhs.com.