Ultima Announces Purchase of the DoubleTree by Hilton Pittsburgh Airport

Will Renovate and Manage the Hotel

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. May 10, 2013

CHICAGO, IL - May 10, 2013 - Ultima Hospitality, an industry leading investment and hotel management platform, today announced the purchase and planned enhancement of DoubleTree by Hilton Pittsburgh Airport. The 135-room hotel is conveniently located near the airport and 20 minutes from downtown Pittsburgh. The seller and transaction price were not disclosed.

“This is a great acquisition for us. The strong Pittsburgh market is showing rapid growth and there are local demand drivers that, combined with the property's current performance and high service standards, create excellent opportunities to compete strategically,” said Mark Zettl, chief operating officer, Ultima Hospitality. “Our planned improvements will continue to elevate the customer experience at DoubleTree by Hilton Pittsburgh Airport.”

The newest addition to Ultima Hospitality's portfolio will undergo a multi-million dollar renovation to revitalize the public spaces, meeting spaces, guest rooms and restaurant beginning in the third quarter of 2013.

“The hotel will remain a DoubleTree by Hilton, which means we will continue to deliver the personalized and welcoming hospitality that is synonymous with the brand - starting with the warm chocolate chip cookie that we present to each guest at check-in.” said Daniel Senisi, hotel manager, DoubleTree by Hilton Pittsburgh Airport. “The brand's performance at this airport location has sustained vast success and we look forward to the property's continued growth.”

DoubleTree by Hilton Pittsburgh Airport is a quick five miles from Pittsburgh International Airport and provides complimentary nonstop airport shuttle service. The hotel features a 24-hour fitness center, heated indoor pool and whirlpool, 24-hour business center, complimentary WiFi for all guests and 14,000 square feet of versatile meeting and event space. With a spacious outdoor landscaped terrace, two ballrooms, multiple breakout rooms and a dedicated boardroom, the hotel is the ideal venue for weddings, celebrations and meetings. The guest rooms offer modern yet comfortable amenities including complimentary high-speed Internet access, remote guest room printing, a 37” HD-plasma TV and Sweet Dreams® by DoubleTree Sleep Experience bedding. Suites also include a sofa bed as well as a jet-tub.

DoubleTree by Hilton Pittsburgh Airport is also home to Jacksons Restaurant-Rotisserie-Bar, a sophisticated but casual restaurant and bar serving a wide variety of seasonal American cuisine with an international flair. Guests may watch food artfully prepared in the restaurant's display kitchen, which features a wood-burning grill, brick oven and rotisserie, or relax and catch the game in comfortable booths complete with private plasma screens. “The addition of this asset to our portfolio is very important. We feel this is another small step in the right direction as a company,” says, Zettl. “The goal is to acquire two to three more assets this year to further enhance the growth of both our investment and management platforms.”

For more information, visit DoubleTree by Hilton Hotel Pittsburgh Airport or call 412-329-1400.

About Ultima Hospitality
Ultima Hospitality is a Chicago-based hospitality management and real estate investment group. As the management arm of Waterton Commercial Properties, Ultima Hospitality manages both full and select-service properties leveraging more than 150 years of experience in hospitality and commercial real estate management among its senior leadership. Ultima Hospitality and its affiliates' hotel portfolio include the Westin Columbus, OH, Sheraton Madison, WI, Sheraton Framingham, MA, and Doubletree Skokie, IL. A results-driven organization, Ultima Hospitality provides owners and investors with superior capital management, cost containment and extensive resources to ensure successful management in a constantly changing business environment. More information can be found at www.ultimahospitality.com.

About DoubleTree by Hilton
With a fast-growing, global collection of more than 340 upscale hotels in gateway cities, metropolitan areas and vacation destinations across six continents, every little thing we do at DoubleTree by Hilton inspires us to create a rewarding experience for our hotel guests, our team members and the communities we proudly serve. Our hospitality begins with a warm chocolate chip cookie welcome upon arrival and continues with the award-winning Hilton HHonors® guest loyalty programme, an array of fine services and amenities and our longstanding CARE Culture tradition that empowers more than 65,000 team members to provide the special comforts and acts of kindness that make the traveller feel human again.

To make reservations at any DoubleTree by Hilton hotel, travellers may visit our brand website at www.doubletree.com. Social media users may connect with us at www.facebook.com/doubletree, www.twitter.com/doubletree and www.youtube.com/doubletreehotels. For the latest news, story starters and fact sheets about our brand, reporters and bloggers may visit our DoubleTree by Hilton Global Media Center at www.doubletreebyhiltonglobalmediacenter.comwww.hiltonworldwide.com for more information and connect with Hilton Worldwide at www.facebook.com/hiltonworldwide, www.twitter.com/hiltonworldwide, www.youtube.com/hiltonworldwide, www.flickr.com/hiltonworldwide and www.linkedin.com/company/hilton-worldwide. For more information about the company, visit www.hiltonworldwide.com.