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Hotel Equities Promotes Alan Bennett to Senior Vice President
and Chief Financial Officer

ATLANTA (February 28, 2008) – Atlanta-based Hotel Equities (HE) recently promoted Alan Bennett and added the responsibilities and title of Senior Vice President to his position as the company’s Chief Financial Officer.  His full title is now Senior Vice President and Chief Financial Officer.
 
Mr. Bennett’s focus at the hotel development and management company is strategic business growth and development.  His responsibilities include interaction with the capital markets and management of the finance, accounting and information technology systems for the firm’s corporate operations and the 24 hotels presently in the firm’s portfolio.
 
“With his wealth of experience in finance and strategic planning, Alan has proven himself an invaluable member of our management team,” said Fred Cerrone, President and CEO of Hotel Equities.  “We have already benefited from his capable leadership.  He continues to be an outstanding asset to our organization.”
 
Hotel Equities tapped Mr. Bennett to take over the responsibilities of CFO for the firm more than a year ago.  Since that time, Hotel Equities has increased its portfolio by eight hotels through construction, acquisition and the addition of third party management contracts.  The company also has contractual commitments for an additional eight hotels that are scheduled to come online over the next 12 to 18 months.
 
Mr. Bennett is a graduate of Georgia State University with a B.B.A. in Accounting.  He and his wife Lynne, both Atlanta natives, are the parents of three teenage children. An avid golfer, Mr. Bennett also enjoys water activities such as boating and jet skiing.  He and his family reside in Norcross. ###
 
Hotel Equities (HE) is an Atlanta-based full-scale hotel management, development and consulting firm. Frederick W. Cerrone, CHA, serves as President and CEO.  HE presently manages 19 properties and has five under construction in the Southeast. For more information, visit www.hotelequities.com.  
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Contact:

Margaret M. Jones
770.934.2170

Mary Beth Cutshall
Director of Development
Hotel Equities
678.578.4444, ext. 16 
 

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Also See: Hotel Equities Names Andrew Pace as Director of Acquisitions and Construction / September 2007
Providing the Tools to Be a Great General Manager: Triple Mentoring a Key Component of Hotel Equities Management Training Program / September 2007
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