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Africa Israel USA Selects Richfield Hospitality to Manage the 56-room Tempo Miami
Located in the Cultural District of Downtown Miami, Florida


NEW YORK, Sept. 9, 2011- Developer Africa Israel USA (AFI USA) announced that it has hired premier management company Richfield Hospitality to manage its newest ultra luxury Tempo Miami hotel in the heart of Downtown Miami. The Tempo Hotel is part of Marquis Residences, the tallest luxury condominium building in Miami. The announcement was made by Tamir Kazaz, chief executive officer, AFI USA.

Richfield Hospitality currently manages luxury lifestyle hotels, along with full-service, upper upscale and urban market properties throughout the United States.

"We are delighted to have the strong management skills and executive team of Richfield Hospitality focused on delivering the finest service and best bottom-line results for Tempo Miami," Mr. Kazaz said. "Richfield's experience in managing boutique luxury properties will serve Tempo Miami well. Tempo has become a destination for visitors to Miami, and will flourish further with Richfield's care and attention."

Opened in 2010, Tempo Miami is designed to exceed the expectations of the most discerning traveler, features floor to-ceiling windows with sweeping views of Biscayne Bay, the Atlantic Ocean, and downtown Miami's Arts and Entertainment District. With spacious balconies, numerous terraces, and an expansive Sky Pool Deck, the Hotel offers guests an ultra-luxury experience Ideally located, the hotel is within walking distance to Miami's most popular attractions, including the Adrienne Arsht Center for the Performing Arts, Bicentennial Park, and the American Airlines Arena (home of the NBA Miami Heat basketball team). Additionally, the Property is just a short drive to the Miami's famed South Beach district, Coral Gables, and Coconut Grove. Each Tempo Miami guestroom features European furnishings, fine linens, and luxurious, spa-inspired baths.

Designed by world renowned Arquitectonica, the hotel and residences feature floor-to-ceilings views and balconies with international sensibilities, including exotic woods, textured stone and sleek stainless steel. The property also offers the latest in in-room technology. In addition to the luxury hotel, the building is comprised of 306 elegant high rise condominiums known as the Marquis Residences. The building rises 67 stories above Miami at 1100 Biscayne Boulevard and together shares the extensive amenities of Tempo Miami, including at an expansive fitness center, spa, sunrise and sunset pools, and food and beverage outlets.

"The Tempo Miami is a terrific property, and we look forward achieving superior occupancy rates and customer satisfaction, as well as delivering an outstanding amenity for buyers of the luxury residences within the property," said Greg Mount, president, Richfield Hospitality.

"The management transition has been seamless, and we are confident that our guests and homeowners will experience only the superior service they desire and deserve," said Laurie Golub, general counsel and managing director of business affairs of AFI USA.

Mark Owens, Managing Director – Hospitality Group, and Alison Tan, Director – Hospitality Group, of The Ackman-Ziff Real Estate Group LLC acted as advisor to AFI USA on this transaction.

For more information about sales opportunities at Marquis, contact: Lori Ordover of the Ordover Group at Lori@ordovergroup.com.

About Africa Israel USA
AFI USA, a subsidiary of Africa Israel Investments, Ltd., is a real estate development company operating throughout the United States. AFI USA has a diverse portfolio of developments and income-generating properties that serve both residential and commercial uses. AFI USA has built a reputation of excellence in its residential developments introducing some of the top brands in the residential market. AFI USA's prime focus is the development of real estate, and to this end has set up an in house infrastructure for all aspects of that process including construction, marketing, and sales.

About Richfield Hospitality
Richfield Hospitality, Inc. is a leading hotel management company with a premier track record of maximizing profitability and improving asset values for hotel owners.  Richfield and its affiliates offer proven solutions and expertise to approximately 550 hotels and resorts.  From hotel operations and property management to electronic distribution and interactive marketing, Richfield achieves superior operating results through its strong commitment to owners, guests and associates.  Based in Denver, Richfield is part of City Developments Limited, one of the world’s largest real estate, hotel investment and technology conglomerates with a market capitalization exceeding US$7 billion.  Additional information about Richfield Hospitality may be found at the company’s website, www.richfield.com.
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Contact:

For Africa Israel USA:
Roxanne Donovan, Leslie LeCount, Alyson Grala – Great Ink
212-741-2977

For Richfield Hospitality:
Jerry Daly or Chris Daly
Daly Gray
  (703) 435-6293


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