Destination Hotels & Resorts Names Russ Urban EVP of Business Development

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. January 10, 2013

Englewood, CO - January 10, 2013 - Lowe Enterprises Hospitality Group and its subsidiary, Destination Hotels & Resorts (“Destination”), the fourth largest hospitality management company in the United States, announces the appointment of Russell Urban as Executive Vice President of Business Development and Acquisitions. Urban will lead Destination's asset acquisition and business growth efforts, including sourcing and securing new management contracts.

“We are thrilled to welcome Russ into the Destination family,” said Jamie Sabatier, president and chief operating officer of Destination Hotels & Resorts. “His experience and vision will provide global direction for portfolio expansion and support opportunities for growth in key markets across the U.S. and beyond.”

Urban brings more than 30 years of knowledge as a senior real estate professional to the Destination team with institutional, entrepreneurial and global experience in hospitality real estate acquisition, development, strategy, operations and financial management. He has demonstrated hotel acquisition expertise and a proven capacity to lead all aspects of complex hotel real estate acquisition and development projects.

Most recently, Urban served as principal and senior vice president of acquisition and development for HEI Hotels and Resorts in Norwalk, Connecticut. He has also held leadership positions at leading hospitality companies including Marriott International, Hotel Partners, CapStar Hotels, Island Resort Collection and Urban Hotel Corporation. Mr. Urban is a graduate of Cornell University's School of Hotel Administration and serves on alumni boards.

About Destination Hotels & Resorts

Destination Hotels & Resorts is a privately held hospitality management company headquartered in Colorado. With 40 independent, luxury and upscale hotels, resorts and golf clubs, Destination is the fourth largest hospitality management company in the country. The company's portfolio features more than 9,600 guest rooms, 18 golf courses and 16 full-service spas. Destination Hotels & Resorts properties are located in key metropolitan and resort markets including Los Angeles, Chicago, Boston, Phoenix, Santa Fe, Aspen, Lake Tahoe, Seattle, Denver, Austin and San Diego. The company is a subsidiary of Los Angeles-based investment, development and management firm Lowe Enterprises and the Lowe Hospitality Group.

For a complete list of properties in the Destination Hotels & Resorts collection, please visit www.destinationhotels.com.

About Lowe Enterprises

Los Angeles-based Lowe Enterprises is a leading national real estate investment, development and management firm. Over the past 40 years, it has developed, acquired or managed more than $17.5 billion of real estate assets nationwide. Lowe is currently responsible for more than $5.5 billion of commercial, hospitality and residential assets. In addition to its Los Angeles headquarters, Lowe Enterprises maintains regional offices in Washington, DC, Denver, Philadelphia, Southern California and Northern California.