Oxygen Hospitality Group Appoints International Hotelier Yaron Ashkenazi as CEO

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USA, Phoenix, Arizona. May 28, 2018

Oxygen Hospitality Group, a U.S. hotel real estate investment and
management company has announced Yaron Ashkenazi, an award-winning
international hotelier, has been named chief executive officer (CEO).
Oxygen Hospitality, a name which means, “to breathe in and give life
to”, will acquire, renovate and manage a portfolio of branded and
independent hotel assets in the Sun Belt and other advantageous U.S.
destinations. The Company, which will focus on instilling a values-based
European ethos for global business and leisure guest appeal, is
headquartered in Phoenix, Arizona. 

Ashkenazi, a highly seasoned international hotelier, joins Oxygen
Hospitality from GCH Hotel Group in Berlin, Germany, where he most
recently served as CEO for the country's second largest hotel management
group.  Notably, Ashkenazi managed and re-positioned an extensive
portfolio of 120 hotels with 15,000 rooms in Germany, Belgium and
Austria welcoming over three million guests annually, and employing
3,300 people.  Renowned hotel brands under his management included
Wyndham, TRYP by Wyndham, Days Inn, Radisson Blu, Best Western, Mercure,
Ibis, Crowne Plaza and Holiday Inn.  His proven operational and
financial excellence resulted in leading the Company to become the
largest management company of Wyndham Hotel Group properties in Europe.

In this most recent CEO role, Ashkenazi positioned his group of
hotels as a “AAA' in the Treugast Investment Ranking. Numerous projects,
innovative ideas and implementation of advanced technology are
attributed to his leadership. He positioned the GCH Hotel Group in the
market as a professional, independent service provider (B2B) of
management services and also caused a sensation in 2016, when his
company became the first hotel management company in Europe to have a
virtual reality website. He is a frequent speaker at conferences on
leadership and operations development within the hospitality industry.
Ashkenazi, a native born Israeli, began his 29-year hospitality
leadership career in Tel Aviv. He holds a degree from Technion - Israel
Institute of Technology in Hotel, Motel and Restaurant Management and a
Bachelor's degree from The Hebrew University in Jerusalem.

“The opportunity to use the knowledge and lessons learned from
decades within the hospitality industry and become an owner and
co-founder, is a lifelong aspiration that has come to fruition,” said
Ashkenazi.  “All guests will get an unforgettable experience across our
properties as we will strive to create loyalty among guests, partners
and investors.”

Ashkenazi's vision for the newly formed vertically integrated company, Oxygen Hospitality, is centered on re-positioning attractive, value-driven assets into properties where guests are welcomed into an authentic, lifestyle-centered atmosphere filled with local immersion, incredible service and exceptional food. Furthermore, the Company is passionately focused on differentiating itself and disrupting the industry by aggressively infusing technology into real estate for elevated ease, guest experience and operational performance.