New Orleans, LA (February 13, 2014) - HRI Lodging (HRIL) has been selected by ownership to manage the historic Crowne Plaza® San Marcos Golf Resort in Chandler, Arizona, effective February 3, 2014, announced Gary Gutierrez, president of HRI Lodging.

Interwest Capital, a national leader in the hospitality sector, acquired the property in January 2013 and completed $8.5 million in renovations in the fourth quarter of 2013. The resort will be HRI Lodging's first hotel under the InterContinental Hotels Group (IHG®) flag and brings HRI Lodging's total portfolio of hotels to 17.

HRI Lodging now manages three of Interwest Capital's properties, including the Hyatt Place New Orleans/Convention Center and the historic Hampton Inn & Suites Birmingham-Downtown-Tutwiler.

"This resort's rich history represents a great fit to our portfolio of historic branded and boutique hotels," Gutierrez said. "We look forward to welcoming our new associates to the HRI Lodging family and bringing the Crowne Plaza San Marcos resort to the highest standards of service all our properties share," he added.

Dr. Alexander J. Chandler founded the town that bears his name southeast of Phoenix in 1912 and constructed the San Marcos there as part of a master design to create a totally planned community. Arthur Bennett Benton, an architect from Southern California, designed the resort in the Mission Revival Design. One of the identifying design features of the resort was the pergolas that framed the building and formed a shady passageway.

The San Marcos opened for business in 1913 with full resort amenities, including golf, tennis, horseback riding and polo. Grace Perley Robinson managed the property, and her husband, Will H. Robinson, designed and built the resort's 100-acre golf course in 1913. One year later, the course was seeded with Bermuda grass and became the first grass golf course in Arizona.

Five hundred people attended the grand opening on November 22, 1913, including then U.S. vice president Thomas Marshall. The San Marcos became a place where the rich and famous flocked to year after year. At the time of its opening, the resort offered 35 guest rooms, a lobby, dining room, ballroom, retail shops, and administrative offices.

Today, the Crowne Plaza San Marcos Golf Resort offers 248 rooms and more than 35,000 square feet of flexible meeting and event space. Amenities include on-site dining, an outdoor pool, a 24-hour business center, a fitness center, and a golf pro shop. The property's USGA championship golf course features 18 holes, complete with a driving range. The course will undergo $3.5 million in renovations during the summer of 2014.

About HRI Lodging

HRI Lodging, Inc. (HRIL) is one of the 50 largest hotel management companies in the U.S. with a current portfolio of 17 hotels and resorts spanning the continental U.S. By building alliances with major domestic and international investment firms, the organization pursues a dual mode growth strategy of managing independent, boutique properties as well as partnering with industry leading brands, including Marriott, Hilton, Hyatt, Starwood and Intercontinental Hotel Group. HRI Lodging is the hotel management division of New Orleans-based HRI Properties, a full-service real estate development company and a national leader in the adaptive reuse of historic structures. HRI's mission is: Revitalizing Cities by Creating Diverse, Vibrant and Sustainable Communities.

Contact: Brett Forshag - VP, Sales & Marketing

bforshag@hriproperties.com / 504-585-1902

About Interwest Capital Corporation

Interwest Capital Corporation is a La Jolla, CA based opportunistic investment firm that specializes in the acquisition of performing and non-performing commercial real estate loans and loan portfolios as well as direct real estate investments nationwide. Interwest owns a diverse portfolio of multi-family apartment communities, mixed-use retail centers, boutique hotels and office buildings. A significant portion of the portfolio consists of unique historic properties in vibrant downtown submarkets.

About Crowne Plaza® Hotels & Resorts

Part of the IHG global portfolio, the Crowne Plaza® Hotels & Resorts brand is a dynamic upscale hotel brand located in nearly 65 countries around the world in major urban centers, gateway cities and resort destinations. As the fourth largest upscale full-service hotel brand in the world and one of the fastest growing, the Crowne Plaza brand has a solid foundation for future growth. The portfolio has doubled since 2003 to nearly 400 hotels, and the global pipeline has increased fourfold to nearly 100 hotels. At Crowne Plaza hotels, we help our guests feel energized and productive, with 24-hour business services, wireless Internet access in the lobby, and fitness and leisure facilities. Our Sleep Advantage® program ensures our guests get a great night's sleep to power through their day. For reservations at Crowne Plaza properties, visit www.crowneplaza.com or call 1-800-2CROWNE. Connect with us on Twitter: www.twitter.com/crowneplaza or Facebook: www.Facebook.com/crowneplaza.

About IHG (InterContinental Hotels Group)

IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organization with a broad portfolio of nine hotel brands, including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites®, EVEN™ Hotels and HUALUXE™ Hotels & Resorts.

IHG manages IHG® Rewards Club, the world's first and largest hotel loyalty program with over 76 million members worldwide. The program was relaunched in July 2013, offering enhanced benefits for members including free internet for Elites across all hotels, globally.

IHG franchises, leases, manages or owns over 4,600 hotels and 679,000 guest rooms in nearly 100 countries and territories. With more than 1,000 hotels in its development pipeline, IHG expects to recruit around 90,000 people into additional roles across its estate over the next few years.

InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales.

Contact: Tom Long - Thomas Long Corporate Communications

tom@thomaslong.net / 504-283-8522 or 504-669-3030 (cell)

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