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 Sage Hospitality Names Brian L. Throne as
Vice President Financial Services
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Denver, CO (September 16, 2008) -- Sage Hospitality, a national leader in hotel development and management, announced that Brian L. Throne has joined the Sage leadership team as Vice President Financial Services. Mr. Throne will oversee the Property Accounting Department at Sage managing financial statement review, benchmarking, annual strategic planning, audits, monitoring cash and working capital positioning, compliance, and owner communications.

“Sage Hospitality will benefit from Brian’s extensive corporate finance experience,” said Walter Isenberg, president and CEO of Sage Hospitality. “With more than 20 years of broad financial management experience, Brian adds significant heft to our accounting and finance team. 

“He will help us work effectively across the company to deliver better results for our investors and partners,” Isenberg added. “Our goal is to maximize asset value and returns on investment for our owners and equity partners and provide proactive service support for our hotel teams and customers.”

Prior to joining Sage Hospitality, Mr. Throne was a VP of Finance for First Data Corporation where he oversaw the global real estate finance organization including financial oversight of the company’s 200 owned and leased properties. Prior to First Data, Mr. Throne was seventeen years with UPS in finance, accounting, IT and marketing roles.

Mr. Throne received a B.S. Business Administration/Accounting from the University of Colorado, Colorado Springs. In addition, he holds a Certificate in Real Estate and Construction Management from the University of Denver and a Certificate in Managing People from the Dale Carnegie Institute.

About Sage Hospitality 
Founded in 1984, Sage Hospitality has strategically grown into one of the largest privately held hotel management and development companies in the nation and is recognized as a leading innovator in the field. During the past eight years, the Denver-based firm has completed more than $600 million in acquisition and development projects, using some of the most unique financing structures in the industry. Sage Hospitality's comprehensive management portfolio includes major international brands for Marriott, Starwood and Hilton as well as independent boutiques and hotels, including the Oxford and the Curtis hotels in Denver.

In 1997, Sage Hospitality pioneered the company's urban redevelopment initiative converting the blighted Joslin's department store in downtown Denver into a showplace Courtyard by Marriott. Since then, Sage Hospitality has preserved and transformed five additional, underused national landmark buildings into award-winning hotel properties that serve as important catalysts for downtown revitalization. Projects include the historic Blackstone hotel in Chicago and the upcoming Portland hotel The Nines in the historic Meyers and Frank building. For more information, please visit www.sagehospitality.com 

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Contact:

Antonette Smith
303.595.7267
antonette.smith@sagehospitality.com

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Also See: Angela Landgraf Joins Sage Hospitality as Vice President of Management Services and New Business Development / April 2008
Greg Mount and Brian Nordahl Appointed by Sage Hospitality to Direct Hotel Acquisitions; Company Plans to Double Portfolio by 2010 / January 2007

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