GREENWOOD VILLAGE, Colo., November 17, 2009 � Richfield Hospitality has announced that Greg Mount has joined the prestigious U.S. hotel management company as its President.  Mount has been a prominent member of the hospitality industry for over 25 years and will bring his extensive experience to Richfield, molding the firm�s strategic growth plan that includes acquisitions and third-party management contracts.  Mount will also oversee Richfield�s executive operations, reservations and revenue management team, responsible for 121 hotels in 44 states. 

�Greg is ideally suited to lead Richfield Hospitality,� commented Sherman Kwek, Chief Executive Officer of Richfield�s parent company, City e-Solutions Limited.  �His extensive multidisciplinary background will give Richfield a distinct advantage as it pursues innovative growth opportunities in existing and emerging markets, building the firm�s portfolio in 2010 and beyond. Furthermore, his in-depth operational experience will enable him to assist owners on an even stronger level to achieve the desired results.�

Mount will play a pivotal role in sourcing and negotiating attractive investment opportunities for Richfield, including mergers and acquisitions and strategic partnership opportunities, propelling Richfield�s aggressive growth initiatives. His comprehensive background in hotel management, operations, sales & marketing, revenue management, development and acquisitions will help to ensure that all owned and managed hotels will perform at their full potential.

Mount has had a distinguished career in acquisitions and operations for global hospitality chains and independent hotel management companies. Since 2007, Mount served as the Senior Vice President of Acquisitions for Sage Hospitality, where he executed a number of strategic deals including the off-market acquisition of the Westin Westminster. Prior to joining Sage, Mount was with Starwood Hotels & Resorts Worldwide, heading up the full-service division responsible for developing franchises and management contracts for the Westin, Sheraton, Four Points by Sheraton, Le Meridien, and Luxury Collection brands in the United States, Canada and the Caribbean.  Before joining Starwood, Mount worked in operations for prominent companies like Interstate Hotels Corporation and Marriott International Hotels, working his way up through various Food & Beverage positions to being a Director of Operations before eventually holding various General Manager appointments.

Mount earned his Bachelor of Science Degree in Hotel, Restaurant and Tourism from LaSalle University and has received significant industry recognition throughout his career.

He, his wife and three children live in Highlands Ranch, Colorado.

ABOUT RICHFIELD HOSPITALITY
Richfield Hospitality, Inc. is a premier hotel management company with a strong track record of maximizing profitability and asset values for its hotel owners. It offers proven solutions and expertise for a broad range of full-service, limited-service and resort hotels. Sceptre, part of Richfield, specializes in helping independent hotels with electronic distribution and revenue generation services, and provides advanced booking technologies. The Company achieves superior operating results through its strong commitment to guests, employees and owners.  For more information on the recent growth of Richfield and a look at its impressive portfolio of hotels, please visit www.Richfield.com.  Richfield is headquartered in Denver with approximately 1,000 employees. The Company is part of City Developments Limited, which is listed on the Stock Exchange of Singapore and is the second largest real estate developer in Southeast Asia with a market capitalization exceeding US$6 billion.