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Driftwood Hospitality Management Portofolio Grows with the Addition
of Three New Management Contracts for a Total of 800 Rooms

North Palm Beach, FL – June 25, 2012 – In less than two weeks, Driftwood Hospitality Management (www.TheDriftwoodDifference.com) has added more than 800 rooms to their already diverse portfolio, with the announcement of three new management contracts. Following the conclusion of the 2012 NYU International Hospitality Industry Investment Conference, which was held June 3-5, the company today announced its newest additions, which include the 122-room Hampton Inn Daytona Beach Speedway – Airport, the 500-room Crowne Plaza Colorado Springs and the 187-room Four Points by Sheraton Leominster.

“We are always looking to see what can be improved from a consumer, manager and ownership standpoint, so our first order of business will be to evaluate these properties and stabilize the assets in their respective markets,” said David Buddemeyer, President at Driftwood Hospitality Management. “We look forward to helping these hotels, and their teams, achieve their full potential.”


Hampton Inn Daytona Beach Speedway – Airport

Crowne Plaza Colorado Springs

Four Points by Sheraton Leominster

About the Properties:
The Hampton Inn Daytona Beach Speedway – Airport (pictured left) is the leading destination for travelers looking to catch all the action in Daytona. The hotel is walking distance to the Daytona Beach Speedway and just minutes from 23 miles of pristine Florida beaches. The property offers travelers complimentary breakfast, access to an outdoor pool and more than 2,000 square feet of function space.

The 500-room Crowne Plaza Colorado Springs (pictured right) is ideal for couples, families and groups seeking convenience and affordable luxury. The hotel features two swimming pools, approximately 50,000 square feet of flexible meeting space and three on-property bars and restaurants. The hotel’s indoor and outdoor event facilities cater to everything from weddings to corporate retreats. Nearby attractions include whitewater rafting on the Arkansas River, hiking in the Garden of the Gods Park, strolling through Old Colorado City and enjoying the annual Colorado Balloon Classic held every Labor Day weekend.

The Four Points by Sheraton Leominster (pictured left) allows travelers the needed comforts of home while away on business or pleasure. Located in the heart of north-central Massachusetts, the 187-room hotel features an indoor heated swimming pool, two on-property restaurants and more than 14,000 square feet of meeting space. Guests can also enjoy easy access to nearby attractions including the Wachusett Mountain Ski Area, CoCo Key Water Park and the Central Massachusetts Expo Center.

For more information, visit www.TheDriftwoodDifference.com.

About Driftwood Hospitality Management
Based in North Palm Beach, Fla., Driftwood Hospitality Management, LLC is a leader in providing solutions-based services for the domestic and international hotel industry. Guided by The Driftwood Difference – Flexibility, Diversity, Integrity, Accessibility, Originality, the company covers the full spectrum of lodging business needs.  From full-service, upscale and upper-upscale hotels to mid-size extended-stay, select and limited-service properties, Driftwood’s portfolio represents virtually every segment of the hospitality industry.  Focused on strategic acquisition, development, third-party management, asset management and receivership, Driftwood has extensive management experience and relationships with most major brands, including Starwood Hotels & Resorts Worldwide, Hilton Worldwide, InterContinental Hotels Group, Inc., Carlson, Choice Hotels International, Inc. and Wyndham Worldwide. With additional offices in Costa Rica, Scottsdale, Ariz. and Miami, Fla., the company and its hotels have received more than 20 industry awards in the past three years. 
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Contact:

Claibourne Smith / Lindsay Smith
M. Silver Associates
954-765-3636
Claibourne@msilver-pr.com / LindsayS@msilver-pr.com


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Also See: Driftwood Hospitality Management Embarking on Extensive Renovation of Three Properties Recently Acquired Through Apollo Joint Venture / June 2012

Driftwood Hospitality Management Selected to Manage the 91-room Hampton Inn Naples I-75 in Florida / May 2012

Driftwood Hospitality Management Acquires the 249-room Hilton Raleigh-Durham Airport at Research Triangle Park in North Carolina; Its Third Acquisition Under a Q3 2011 Joint Venture with Apollo Global Management / April 2012

Driftwood Hospitality to Manage the 200-room Holiday Inn San Jose Downtown – Aurola in Costa Rica / March 2012

Driftwood Hospitality Returns to New York Adding the 312-room Holiday Inn Albany Airport - Wolf Road to Portfolio / February 2012

Driftwood Hospitality Signs Two New Management Agreements and Launches Renovation Projects at Five Properties; To Manage the Holiday Inn Express Tampa-Brandon in Florida and the Courtyard by Marriott Dallas NW Hwy. at Stemmons/I-35E in Texas / January 2012

Driftwood Hospitality to Manage the Holiday Inn Express Tampa-Brandon in Florida and the Courtyard by Marriott Dallas NW Hwy at Stemmons/I-35E in Texas / December 2011

Driftwood Hospitality Management to Manage the Clarion Airport near Asheville, North Carolina / October 2011

Driftwood Hospitality Management Acquires 217-room Doubletree by Hilton Downtown Wilmington Legal District in Delaware; Continues Expansion with Fifth Addition to its Portfolio in Last 60 Days / October 2011

Driftwood Hospitality Management Continues Growth with the Addition of Four New Properties / September 2011

Driftwood Hospitality Unfurled Sheraton Flag at Former Hyatt on Capitol Square in Columbus, Ohio; Property to Undergo a $10 million Renovation / September 2011

Driftwood Hospitality Management Forms $400MM Joint Venture with Apollo Global Real Estate; Partnership Focused on Acquiring and Repositioning Hotels Across U.S. / July 2011

Driftwood Hospitality Management Appoints Brian Quinn as Executive Vice President & Principal, Development / June 2011

Driftwood Hospitality Management.Added Fourteen Management Contracts in 2010 / December 2010


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