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Richfield Hospitality Names Allen Kramme
as Senior Vice President of Operations

DENVER, Colo. - - September 10, 2012
Richfield Hospitality , a leading hotel management company, today announced that Allen Kramme has been named senior vice president of operations, responsible for directing the day-to-day operations and financial performance of the company’s 29-hotel portfolio.

“Allen joins our company during an exciting growth period,  as we launch our first international effort in China and aquire as well as secure additional assets and management contracts domestically,” said Greg Mount, Richfield Hospitality president.  “Allen has demonstrated leadership excellence in various hotel-operations capacities including serving as an owners representative, providing regional leadership and managing a multitude of renowned properties. With his 30-years of experience with leading brands and management companies, he will help facilitate our aggressive growth in the coming years.”

Prior to joining Richfield, Kramme served as a hotel industry consultant and project manager, most recently providing asset management services for St. Regis Deer Valley in Park City, Utah, a Richfield asset-managed hotel.  A veteran general manager, Kramme has more than 30 years experience opening, operating and repositioning full-service hotels across the country.  Before launching his consultancy, Kramme held general manager and regional positions with Starwood Hotels & Resorts Worldwide, Interstate Hotels & Resorts and Hyatt Hotels and Resorts.  He holds a bachelor’s degree from Cornell University.

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. From hotel operations and property management to electronic distribution and interactive marketing, Richfield achieves superior operating results through its strong commitment to guests, employees and owners.  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$6 billion.  Additional information about Richfield Hospitality may be found at the company’s website www.richfield.com
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Contact:

Jerry Daly or Chris Daly
Daly Gray Public Relations
(703) 435-6293
jerry@dalygray.com


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Also See: Richfield Hospitality Expands Management Platform into China; Forms Joint Venture with Shanghai China-based Ownership Group to Operate Hotels in China with Signed Management Agreements for Two Hotels and Six Additional Contracts Nearing Approval / August 2012

Outstanding Award for Outstanding Effort - Mercedes Benz Awarded by Richfield Hospitality to Jessica Craycraft and Meredith Harrell, Employees of The Joule in Dallas, Texas as they Receive the Company's Top Honor / April 2012

John Panko Joins Richfield Hospitality as Vice President of Sales / April 2012

Richfield Hospitality Names 2011 President's Circle Award Winners Recognizing Their Top Achievers / March 2012

Richfield Hospitality Assumes Management and Launches New Marketing for Casa Moderna, the 56-room Miami, Florida Boutique / March 2012

Platinum Equity and Richfield Hospitality Reflag Former 564-room Sheraton Bloomington in Minnesota to the DoubleTree by Hilton Bloomington; $12.5 Million Renovation to be Launched / July 2011

Richfield Hospitality Appoints Thomas Clearwater as Senior Vice President of Sales / February 2011

Richfield Hospitality Adds Six Hotels to Portfolio in 2010, Opens 2011 with Three More / February 2011

Recently Acquired by Platinum Equity, the 564-room Sheraton Bloomington Minneapolis-Area Hotel to Undergo $12.5 Million Renovation and Rebrand as DoubleTree in Q3 2011, Richfield Hospitality to Manage / Janaury 2011

Richfield Hospitality and Shelbourne Falcon Investors Acquire the 279-room Renaissance Syracuse Hotel; Plans $5 Million Renovation Conversion to Crowne Plaza Brand / June 2010

Rebranding Completed for the 250 room Doubletree Hotel Syracuse, Formerly a Wyndham / December 2006

Richfield Hospitality, Along with its Parent Company, City Development Limited, Seeks to Deploy Significant Capital for Structured Finance Deals to JVs and Direct Hotel Acquisitions / February 2010
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