Crestline Hotels & Resorts Appoints David Makarsky as Chief Operating Officer

. April 07, 2015

FAIRFAX, VA - April 7, 2015 - James Carroll, President & CEO of Crestline Hotels & Resorts, LLC, announces the appointment of David J. Makarsky as Chief Operating Officer. Mr. Makarsky joins Crestline from Gold Key/PHR Hotels & Resorts where he was Executive Vice President of Resorts. Mr. Makarsky's appointment comes as Crestline begins a period of rapid expansion including its recent announcement of the addition of 34 full, select and extended stay hotels in 15 states adding 4,681 guestrooms to Crestline's managed portfolio.

"Dave brings tremendous expertise in hospitality management to this new role," said James Carroll. "His career spans all aspects of our business from operations to finance as well as human resources and food & beverage. Dave's knowledge, experience and managerial skills will be an asset to our ongoing commitment to create value for our owners, all the while enhancing the guest experience," added Carroll.

Mr. Makarsky's career spans more than 30 years, including his 15 year tenure with B.F. Saul Company Hospitality Group where he held multiple management positions culminating in Senior Vice President of Operations. Mr. Makarsky is a graduate of Cornell University School of Hotel Administration in Ithaca, NY. He has been recognized as Outstanding Chief Operating Officer by Washington SmartCEO Magazine and has received the HR Leadership Award of Greater Washington, Excellence in Innovation. Mr. Makarsky can be reached at [email protected].

Note: Certain matters discussed herein are forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. Certain, but not necessarily all, of such statements can be identified by the use of forward-looking terminology, such as "believes," "expects," "may," "will," "should," "estimates" or "anticipates" or the negative thereof or comparable terminology.

About Crestline Hotels & Resorts LLC

Crestline Hotels & Resorts LLC is one of the nation's largest independent hospitality management companies. Founded in 2000, the company presently manages 74 hotels, resorts and conference and convention centers with nearly 12,000 rooms in 21 states and the District of Columbia. Crestline manages properties under such well-regarded brands as Marriott, Hilton, Intercontinental, Hyatt and Starwood, as well as independent, private label hotels and conference centers throughout the United States. For more information visit: www.crestlinehotels.com.

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