Charlestowne Hotels Selected as Management Company for Three Graduate Hotels

AJ Capital Partners Selects Boutique Management Company for New Hotel Brand

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. December 03, 2014

CHARLESTON, SC - December 3, 2014 - Charlestowne Hotels is proud to announce their selection by AJ Capital Partners (AJCP) as the management company for the first three hotels to open under the newly released brand, Graduate Hotels. The first three hotels in the Graduate brand are located in Athens, GA, Tempe, AZ and Charlottesville, VA.

Charlestowne Hotels began managing Graduate Athens, formally the Foundry Park Inn & Spa, for AJCP in December 2013. Charlestowne's ability to generate revenue and maximize profitability for the asset paved the way for the management group to be selected as the operator for these first three critical properties.

The Graduate brand is designed to be a well-crafted collection of hotels residing in some of the most dynamic university towns across the country. Each hotel will celebrate the youthful optimism of school days and cultivate the spirit of the community.

“It is an honor to be selected as manager for AJ Capital's first three hotels in the Graduate Hotel platform. They have created a very unique concept and our team is dedicated to providing the experience that the brand has set out to offer: a sense of community and unexpected homage to the town's heritage and history. It's certainly exciting to be working with a group of likeminded individuals to make it happen,” stated Michael Tall, President & COO of Charlestowne Hotels.

After extensive renovations, both Graduate Athens and Graduate Tempe opened this month. The 122-room Graduate Athens is just a short walk from the University of Georgia's campus and boasts unique offerings from locally sourced vintage art to the hotel's signature bar and live music venue, The Foundry. Graduate Tempe, adjacent to Arizona State University, features 140 rooms and innovative decor throughout, including a large ant farm - a nod to the University's social insect program - behind the front desk. Graduate Charlottesville, adjacent to the University of Virginia, is slated to open in spring of 2015.

About Charlestowne Hotels

Charlestowne Hotels is a full-service hospitality management company offering innovative, yet proven, expertise in hotel management. Founded in 1980 Charlestowne Hotels has become one of the top ranked management companies in the US.

Charlestowne's proficiency in managing a diverse portfolio of properties, including AAA Four Diamond hotels, luxury boutique inns, resorts, condo hotels and branded properties, has led to numerous industry accolades including Condè Nast Magazine “Gold List” and “Readers' Choice Award,” Top 100 Hotels in the US” by Travel + Leisure, TripAdvisor's #1 and #2 Luxury Hotel in the US, Smith Travel Research's "Best Performing Hotel in the US,” as well as other national media and travel industry honors. In addition, hotels managed by the company have outperformed the national average revenue per available room (RevPAR) growth by 30% or more since 2009.