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 Boykin Management Company Appoints Tory Waterman
to the Position of Senior Vice President,
Chief Financial Officer 

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Cleveland, Ohio, September 14, 2004—Boykin Management Company announces the appointment of Tory Waterman to the position of Senior Vice President, Chief Financial Officer at its corporate office in Cleveland, Ohio.

Mr. Waterman joins the Boykin Management Company team with 20 years of experience in the resort, hotel and travel industries, bringing a wealth of experience.  Tory recently held the position of Senior Vice President and Controller for 37 managed properties of Crestline Hotels and Resorts in McLean, Virginia.  He has held various accounting positions with Holiday Inn Corporation, Hilton Hotel Corporation, Mariner Hotel Corporation and Interstate Hotels. During his seven and one half year tenure with Interstate Hotels, Waterman held property Controller positions at six different properties across the United States. In 1995, Mr. Waterman joined the Stormont Trice Corporation as Corporate Controller and held that position until the company merged with Durbin Hotels in March 2000 to form the current Crestline Hotels & Resorts, Inc.

Tory is a graduate of the State University of New York, College at Plattsburg, holding a Bachelors Degree in Business/Management Science, and will be a value added addition to Boykin Management Company.

Boykin Management Company operates first-class, full-service and limited service hotels, condominium hotels, and resorts throughout the United States.  Since 1958, Boykin has built a leadership reputation in the hotel industry with a solid foundation of experience in hotel operation, management, and development.  Boykin Management currently operates 29 hotels, with 8,030 rooms in 17 states, with hotels operating under the Marriott, Hilton, Embassy Suites, Doubletree, Radisson, Holiday Inn, Hampton Inn, Quality Suites, Ramada, Comfort Inn, and Red Roof brands. In addition, Boykin Management operates independent hotels and resorts. 


 
Contact:
Grant Sabroff
SVP Business Development
(216) 430-1282
www.boykin.com
Also See: Tory Waterman Named Senior Vice President & Controller for Crestline Hotels & Resorts, Inc. / March 2003
Joseph Smith Promoted to Executive Vice President/Director of Operations, Boykin Management Company / April 2003


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