Sarasota,
Florida � October 18, 2007 � Clyde Harris, President of Harris Hotel Group,
LLC a wholly owned subsidiary of American Hotel Development Partners, announced
today that hospitality veteran Brian Jungling has been appointed Vice President
of Operations. Mr. Jungling brings more than a decade of multi-property
operational experience, across a broad spectrum of real estate. Most recently,
Mr. Jungling was instrumental in the launch of the Hyatt Place brand and
participated in the integration of Summerfield Suites into the Global Hyatt
portfolio.
�We welcome Brian as Vice President of Operations and see his skills
and abilities to be an ideal match with our rapid growth,� said Mr. Harris
in making the announcement. �Brian�s combination of operational experience,
results driven leadership and commitment to excellence blend perfectly
with our business plan and cultural environment.�
Mr. Jungling�s new role is off to an active start. In addition
to developing the support systems for the management company, Mr. Jungling
will be tasked with successfully opening and initiating operations at the
14 hotels currently in AHDP�s development pipeline.
Prior to joining Harris Hotel Group, Mr. Jungling served as a Regional
Vice President of Operations for Hyatt Select Hotels Group and Prime Hospitality
Corporation. He was responsible for leading operational initiatives of
19 hotels located throughout the Southeastern United States.
Brian Jungling can be contacted at 813.677.3500 or [email protected].
ABOUT HARRIS HOTEL GROUP
Harris Hotel Group is a wholly-owned subsidiary of American Hotel Development
Partners. Mr. Clyde Harris, President of Harris Hotel Group, has an extensive
hospitality background which includes serving as Director of Development
for all Intercontinental Hotel Group company-owned and managed hotels,
responsible for overseeing the corporate-managed hotel portfolio and administering
current and future management contracts. Mr. Harris currently serves
as the President and COO of AHDP. He has overseen the industry�s
third largest managed portfolio, consisting of more than 300 hotels.
Mr. Harris helped IHG launch the Crowne Plaza brand in 1994 and the Staybridge
Suites brand in 1998, and he worked on the acquisition of the Candlewood
brand in 2004. While managing the Staybridge brand, Mr. Harris achieved
an 8% RevPAR premium from company managed hotels vs. franchised hotels
in 2005. The Harris Hotel Group management team has overseen the management
of more than 120 IHG extended-stay hotels. This experience includes
managing through several industry cycles and has led to strong relationships
with hotel franchise sales representatives, hotel management personnel
and key corporate and military clients.
AMERICAN HOTEL DEVELOPMENT PARTNERS, LLC
American Hotel Development Partners, LLC is an integrated hotel development
company which has significant hotel expertise and deep industry relationships
by virtue of its principals� 75 collective years of experience in building,
managing and operating hotels. Among the company�s principals is
Clyde Harris, a former executive of Intercontinental Hotels Group, who
was responsible for the Candlewood Suites brand and other significant operational
and brand initiatives. AHDP is focused on the extended-stay hotel sector
because of its ability to leverage the expertise of its principals, develop
in several of the many existing underserved markets, invest a relatively
modest amount of capital, and achieve high cash flow margins. To date,
AHDP is active in South Carolina, North Carolina, Georgia, Pennsylvania
and Florida through highly attractive extended-stay development opportunities.
AHDP utilizes an opportunistic approach to find valuable properties regardless
of geographic proximity. AHDP focuses primarily on the extended-stay
segment, specifically the extended-stay brands of the Intercontinental
Hotels Group (IHG), and, in particular, the Candlewood Suites Hotels brand.
AHDP�s ultimate strategy is to achieve operational stability approximately
three years after each hotel is built, at which time and given appropriate
market conditions, AHDP may seek to sell such hotels as a portfolio or
individually. |