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Developer Ocean Land Names Davidson Hotel Company to Manage 256 room
New-Build Hilton Pompano Beach Resort; A Second, Unnamed
317-room Hotel Also in Planning


MEMPHIS, Tenn., November 15, 2007—Davidson Hotel Company (DHC), one of the nation’s largest hotel management companies, today announced it has signed a management agreement to operate the 256-room, 10-story Hilton Pompano Beach Resort, scheduled to break ground in January 2008.  DHC has also executed a technical services agreement (TSA) to provide pre-construction and design services, including assisting and advising owners with the selection of all FF&E, operating equipment, supplies and IT systems. 

The three-phase, six-acre project comprises two new-build properties, including the Hilton and a second, currently unnamed 317-room hotel with an accompanying marina.  The project, which is owned by Ocean Land Investments, is expected to be completed by 2010. 

“This Hilton Pompano Beach Resort will be among Florida’s finest beachfront resorts when it’s completed,” said John Belden, Davidson’s president and chief executive officer.  “This contract expands our rapidly growing resort division and further diversifies our management 
portfolio.  This is a unique project that plays to our strengths, and we will be providing a full range of pre-construction and design services, as well as opening and managing the hotel.  

“This is our 12th contract in the past 18 months and our first contract with Ocean Land,” he added.  “We look forward to exploring additional opportunities with them.”

Located at 1350 S. Ocean Blvd./A1A, the Hilton Pompano Beach Resort will be built first and will feature a 6,500 square-foot ballroom, 5,000 square feet of state-of-the-art meeting space, top-of-the-line spa and exercise facilities and a full-service restaurant.  The second property will be located on the opposite side of A1A and will be connected to the Hilton by two pedestrian bridges, one of which will be air-conditioned, that will cross over the highway.  The unnamed property also will include a four-story parking podium that will serve both hotels.  The parking podium is lined with garden-style guest rooms on the A1A frontage to promote a sleek residential look.  The 1950s-era Ramada Inn currently occupying the site will be demolished.  

About Ocean Land
Boca Raton-based Ocean Land is one of the largest owners of oceanfront and waterfront parcels within the tri-county area of South Florida.  Founded by Jean Francois Roy, Ocean Land either serves as land-owner and developer, or obtains the required approvals for redevelopment and provides the necessary equity for a developer to obtain a construction loan and market a project. The company has been, or is currently engaged with renowned development organizations such as the Trump Organization, The Related Group, and Catalfumo Construction & Development, among others.

About Davidson Hotel Company
Headquartered in Memphis, Tenn., Davidson Hotel Company is an award-winning, full-service hotel owner and third-party management company that provides management, development/renovation, acquisition, consulting and accounting expertise for the hospitality industry.  The company currently owns and/or manages 31 upscale hotels with 9,100 rooms across the United States, including such brands as Westin, Sheraton, Hyatt, Hilton, Hilton Garden Inn, Embassy Suites, Doubletree, Marriott, Renaissance, Crowne Plaza and Holiday Inn.  Additional information on Davidson may be found at the company’s Web site, www.davidsonhotels.com.  

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Contact:

Cyndi Carl, Davidson Hotel Company
+1-901-821-4155
ccarl@davidsonhotels.com

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Also See: Inland American Lodging Corporation Signs Davidson Hotel Company to Manage the 248 room Hilton University of Florida Conference Center, Gainesville, Florida / October 2007
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