John Green Rejoins Pyramid Hotel Group as Senior VP, Asset Management

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. June 10, 2014

BOSTON - June 10, 2014 - Officials of Pyramid Hotel Group, one of the nation's largest, independent, hotel management and asset management companies, today announced John Green has rejoined the company as Senior Vice President, Asset Management, adding significant depth to the company's senior management team. He will join a robust team of asset management professionals as Pyramid grows its asset management portfolio. He will be responsible both for the growth and servicing of new relationships.

"We bring the same attention to detail to our responsibilities as asset managers for hotels operated by other companies, as we do to the hotels we operate," said Richard M. Kelleher, Pyramid's principal and chief executive officer. "We are delighted to welcome John and his more than 30 years of operating experience back to Pyramid. His extensive background in owner relations, brands and asset performance coupled with extensive operations experience combine to create a unique strength to improve asset value. His background includes expertise with the full gamut of all the leading brands from luxury to focused-service and numerous independent and boutique hotels and resorts throughout the United States, Caribbean, Canada and Central America. He has hands-on experience in all aspects of hotel ownership/operations from acquisition to exit strategy, repositioning and refurbishment, brand selection, cost controls and building sustainable profitability. His well-deserved industry reputation and strong owner relationships will further strengthen our asset management group."

Prior to rejoining Pyramid, Green was senior vice president of Wyndham Hotel Group Management's hotel portfolio for the Wyndham Hotel Group. During his tenure, the group expanded from 14 to 50 hotels, generating more than $450 million in 2013 revenues. Concurrently, he was brand senior vice president of Wyndham Hotels and Resorts, accountable for the Wyndham Hotels and Resorts franchise system, handling license partner relations and growing the group from 60 to 100-plus operating units.

He previously was senior vice president and managing director of Pyramid Hotel Group where he was responsible for half of the owned and managed hotel portfolio in the eastern United States. During his four-years with the company he added 20 hotels to his group, including leading due diligence teams through five acquisitions.

Previous to his first time with Pyramid, Green spent nine years in operations with Wyndham International, rising to area director of operations in Chicago and later Boston, where he oversaw 18 hotels. Other experiences includes officer level positions with Signature Hospitality Resources and John Q. Hammons Hotels and operating positions with Doubletree Hotels Corporation, ITT Sheraton, AMFAC Hotels and Resorts and Marriott Hotels and Resorts. He attended the University of Texas, Austin.

About Pyramid Hotel Group

Pyramid Hotel Group is a privately held, Boston-based hotel company with some 60 hotels and resorts under hotel management and asset management, comprising more than 20,000-plus rooms and approximately 9,000 employees. Pyramid Hotel Group, ranked among the largest U.S. hotel management companies by independent sources, provides hotel management, asset management and project management services to a broad array of hotel assets ranging from a 90-room select-service hotel to world-class properties with more than 1,000 rooms. Pyramid Hotel Group is a franchisee of all major hotel brand companies and an operator of independent four- and five-star hotels and resorts. Pyramid's Resort Group currently manages resorts throughout the Continental U.S., Hawaii and the Caribbean. Additional information is available at www.pyramidhotelgroup.com.