Driftwood Portofolio Grows with the Addition of Three New Management Contracts

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. June 27, 2012

North Palm Beach, FL - June 27, 2012 - In less than two weeks, Driftwood Hospitality Management has added more than 800 rooms to their already diverse portfolio, with the announcement of three new management contracts. Following the conclusion of the 2012 NYU International Hospitality Industry Investment Conference, which was held June 3-5, the company today announced its newest additions, which include the 122-room Hampton Inn Daytona Beach Speedway - Airport, the 500-room Crowne Plaza Colorado Springs and the 187-room Four Points by Sheraton Leominster.(www.TheDriftwoodDifference.com)

“We are always looking to see what can be improved from a consumer, manager and ownership standpoint, so our first order of business will be to evaluate these properties and stabilize the assets in their respective markets,” said David Buddemeyer, President at Driftwood Hospitality Management. “We look forward to helping these hotels, and their teams, achieve their full potential.”

About the Properties:

• The Hampton Inn Daytona Beach Speedway - Airport is the leading destination for travelers looking to catch all the action in Daytona. The hotel is walking distance to the Daytona Beach Speedway and just minutes from 23 miles of pristine Florida beaches. The property offers travelers complimentary breakfast, access to an outdoor pool and more than 2,000 square feet of function space.
• The 500-room Crowne Plaza Colorado Springs is ideal for couples, families and groups seeking convenience and affordable luxury. The hotel features two swimming pools, approximately 50,000 square feet of flexible meeting space and three on-property bars and restaurants. The hotel's indoor and outdoor event facilities cater to everything from weddings to corporate retreats. Nearby attractions include whitewater rafting on the Arkansas River, hiking in the Garden of the Gods Park, strolling through Old Colorado City and enjoying the annual Colorado Balloon Classic held every Labor Day weekend.
• The Four Points by Sheraton Leominster allows travelers the needed comforts of home while away on business or pleasure. Located in the heart of north-central Massachusetts, the 187-room hotel features an indoor heated swimming pool, two on-property restaurants and more than 14,000 square feet of meeting space. Guests can also enjoy easy access to nearby attractions including the Wachusett Mountain Ski Area, CoCo Key Water Park and the Central Massachusetts Expo Center.

About Driftwood Hospitality Management
Based in North Palm Beach, Fla., Driftwood Hospitality Management, LLC is a leader in providing solutions-based services for the domestic and international hotel industry. Guided by The Driftwood Difference - Flexibility, Diversity, Integrity, Accessibility, Originality, the company covers the full spectrum of lodging business needs. From full-service, upscale and upper-upscale hotels to mid-size extended-stay, select and limited-service properties, Driftwood's portfolio represents virtually every segment of the hospitality industry. Focused on strategic acquisition, development, third-party management, asset management and receivership, Driftwood has extensive management experience and relationships with most major brands, including Starwood Hotels & Resorts Worldwide, Hilton Worldwide, InterContinental Hotels Group, Inc., Carlson, Choice Hotels International, Inc. and Wyndham Worldwide. With additional offices in Costa Rica, Scottsdale, Ariz. and Miami, Fla., the company and its hotels have received more than 20 industry awards in the past three years.

For more information, visit www.TheDriftwoodDifference.com.