Carl Dees Appointed General Manager of the The Georgian Terrace Hotel, Atlanta / February 2009

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News for the Hospitality Executive

Carl Dees Appointed General Manager of the
The Georgian Terrace Hotel, Atlanta
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ATLANTA, Ga., February 12, 2009�Officials of The Georgian Terrace Hotel, Atlanta�s iconic hotel, today announced the promotion of Carl Dees to general manager. In his new role, Dees will be primarily responsible for overseeing the completion of the property�s current $11 million renovation, as well as the day-to-day operations of the hotel. The luxury, all-suite hotel is owned by a real estate fund managed by San Francisco-based Fremont Realty Capital, with management provided by Virginia-based Crescent Hotels & Resorts.

�Carl Dees is a well respected, hotel professional with more than 25 years of hospitality experience,� said Matthew Reidy, senior managing director of Fremont Realty Capital. �He brings with him a successful track record of directing properties under such brands as Hilton and Marriott, while improving upon their bottom lines. His proven leadership skills, high energy and creative approach to hospitality will help drive the renovation project and long term success of The Georgian Terrace.�

Before joining The Georgian Terrace Hotel, Dees was general manager of the 224-room Livonia Marriott in Mich., where he oversaw a $4.9 million renovation. Prior to that, he was general manager of the Detroit Airport Marriott in Romulus, Mich., which generated $10 million in annual revenue under his supervision. He studied Business Administration at Mississippi State University, Meridian campus.

Built in 1911, The Georgian Terrace Hotel, located at 659 Peachtree Street NE in midtown Atlanta and listed on the National Register of Historic Places, has played host to some of Atlanta�s most preeminent events, including the star-studded party for the 1939 premiere of the classic, Oscar-winning film, �Gone with the Wind.� Some of the hotel�s most celebrated guests include Calvin Coolidge, Warren G. Harding, Charles Lindbergh, F. Scott Fitzgerald, Tallulah Bankhead, Clark Gable and Rudolph Valentino. The hotel recently was used as the setting to film a European commercial starring George Clooney.

The all-suite hotel, with room sizes averaging 850 square feet of space and some larger suites boasting 2,700 square feet, features quality furnishings, large bathrooms, oversized windows, microwave oven, full-size refrigerator, washer and dryers and an electric range/oven. Additionally, many of the suites have walk-in closets and balconies with sliding glass doors. The hotel offers a state-of-the-art business center and a stunning rooftop pool with 360-degree panoramic views of the city. For more information please contact the hotel at (404) 897-1991, or online at the hotel�s Web site: www.thegeorgianterrace.com.

About Crescent Hotels & Resorts
Headquartered in Fairfax, Va., outside of Washington, D.C., Crescent Hotels & Resorts owns, manages and co-invests in hotel real estate, and is an independent, third-party operator of hotels and resorts. The company currently owns or operates approximately 40 hotels and resorts aggregating more than 7,000 rooms in 19 states. The company�s portfolio encompasses properties in the resort, upper upscale full-service, boutique, convention and premium select-service segments under the premier hotel brands of Marriott, Hilton, Starwood, InterContinental, Radisson, Preferred, and Wyndham, as well as independent hotels and resorts. Additional information about Crescent Hotel & Resorts may be found on the company�s Web site www.chrco.com.

Contact:

Crescent Hotels & Resorts
www.chrco.com

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Also See:

Fremont Realty Capital Begins $11 Million-Plus Renovation of the Georgian Terrace Hotel, Atlanta, Georgia / January 2009