Chicago, IL (October 9, 2012) – Ultima Hospitality, an industry leader providing full service and select-service hotel management, has assumed management of the Holiday Inn Chicago SW Countryside Conference Center and William Tell Restaurant & Banquets, owned by Stazde Enterprises, LLC. The 172-key hotel located in Countryside, IL recently completed a five million dollar renovation.

“This is our first management agreement with Stazde Enterprises,” said Mark Zettl, chief operating officer, Ultima Hospitality. “We appreciate that they are entrusting a local landmark to us, and I am certain that our proven operating systems and management expertise coupled with the hotel’s reputation will prove to be a very profitable partnership.”

Ultima Hospitality’s commitment to guest service is the fundamental distinction as a hospitality management company. Leveraging more than 150 years of combined experience in hospitality and commercial real estate management among its senior leadership, Ultima Hospitality has experience working with all major hotel brands, including Choice Hotels, InterContinental Hotels, Marriott, Hilton, Hyatt, Starwood and Wyndham Hotels.

“The addition of this property to our management portfolio builds on our track record of success with hotels offering significant event and meeting space,” says Zettl. “We challenge our hotels to strive for excellence and rely on our leadership team of professionals to ensure an impeccable guest experience in each business segment at each property we manage.”

Hosting more than 120 wedding events a year, Holiday Inn SW Countryside Conference Center and William Tell Restaurant & Banquets boast more than 25,000 sq. ft. of conference space along with an indoor recreational center featuring an Olympic size pool, two Jacuzzis, a sauna, a children's pool, a Fitness Center and game area. Situated close to downtown Chicago, Chicago O'Hare International Airport and Chicago's Midway Airport, a complimentary shuttle is available to and from Midway Airport while free breakfast is offered weekdays.

For more information about Holiday Inn SW Countryside Conference Center and William Tell Restaurant & Banquets,
visit www.holidayinn.com/countrysideil.

About Ultima Hospitality
Ultima Hospitality is a Chicago based hospitality management and real estate investment group. As the management arm of Waterton Commercial Properties, Ultima Hospitality manages both full and select-service properties leveraging more than 150 years of experience in hospitality and commercial real estate management among its senior leadership. Ultima Hospitality and its affiliates’ hotel portfolio include the Westin Columbus, OH, Sheraton Madison, WI, Sheraton Framingham, MA, and Doubletree Skokie, IL and Tam Woods Hotel in Mill Valley, Cali.. A results-driven organization, Ultima Hospitality provides owners and investors with superior capital management, cost containment and extensive resources to ensure successful management in a constantly changing business environment. More information can be found at www.ultimahospitality.com.

About Stazde Enterprises, LLC
Since 1967, Stazde Enterprises has been operated by the Lenoch family. Stazde Enterprises has continuously served the hospitality industry with the ownership and operation of several hotel properties in the Chicago and Denver areas. These hotels have operated both independently and as franchised affiliations with IHG-Holiday Inns, Hampton Inns, Baymont-Wyndam and Best Western hotels. Stazde Enterprises looks forward to the future in continued hospitality service with the addition of Ultima Hospitality management.

About Holiday Inn
With over 1,200 hotels worldwide, Holiday Inn® is the most widely recognized lodging brand in the world. In fact, Holiday Inn was one of the first international hotel brands to establish a presence in China in 1984. Holiday Inn provides the services that business travelers need, while also offering a comfortable atmosphere where all people can relax and enjoy amenities such as restaurants and room service, swimming pools, fitness centers and comfortable lounges. The casual atmosphere and amenities such as meeting and on-site business facilities, KidSuites rooms and, Kids Eat and Stay Free programs, demonstrate the long-standing commitment of Holiday Inn Hotels and Resorts to serving travelers and have helped to establish the brand as "America's Favorite Hotel." And now, Holiday Inn is ranked highest in guest satisfaction among midscale full service hotel chains, according to the J.D. Power and Associates 2011 North America Hotel Guest Satisfaction Index StudySM. Visit www.holidayinn.com for more information.