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 Jim Callaghan Named Regional Vice President
of Hotel Operations, CSM Lodging

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MINNEAPOLIS, Aug. 16, 2004 - CSM Corporation, a diversified real estate development and acquisition company, announces today that Jim Callaghan has joined CSM Lodging as Regional Vice President of Hotel Operations - Eastern Region, effective immediately.  Previously, Callaghan served as General Manager of Radisson's flagship property, the Radisson Plaza Hotel in downtown Minneapolis, with additional responsibilities for Minnesuing Acres, an executive retreat owned by Carlson Companies, a position he held since 1997.
    
In his new role with CSM, Callaghan will be responsible for the profitability, operations and food and beverage of sixteen hotels located in various markets from Minneapolis to Boston.
    
"Jim brings strong Operations, Food and Beverage and systems knowledge and will be a great asset to our company," said Robin Kirk, President of CSM Lodging.  "His experience and past success have proven his ability to drive revenue, increase quality and maximize profitability in his hotels.  That is what CSM strives to achieve in each of our properties, and we are thrilled to have Jim as a part of our team."
    
Callaghan began his professional career in 1981 as a Restaurant Manager for Marriott International at the Marriott Twin Bridges Hotel, followed by Food & Beverage Director positions with Holiday Inns and Registry Hotels.  In 1985, Jim joined Radisson and served in various capacities including Food and Beverage Director, Corporate Director of Food and Beverage, General Manager and his most recent position as General Manager of the Radisson Plaza Hotel in downtown Minneapolis and Minnesuing Acres in Wisconsin.
    
A native of Massachusetts, Jim obtained an Associate Degree with honors from the Culinary Institute of America and graduated cum laude from the University of Massachusetts with a Bachelor of Science degree in Hotel, Restaurant and Travel Administration. In addition, Jim holds a Master of Business Administration degree in International Business from the University of Miami, Florida.  He is an active participant in local industry associations including his current position on the Board of Directors of the Minneapolis Hotel and Lodging Association.  Callaghan also served as past Vice President of the Minneapolis Hotel Association from 1999-2000 and as a former member of the Board of Directors of the Greater Minneapolis Chamber of Commerce from 1998-2002.
    
About CSM Lodging
    
CSM Lodging is a division of CSM Corporation which owns and operates 34 hotels nationwide under franchise agreements with Marriott, Hilton and Carlson.
    
Founded in 1976, CSM Corporation is headquartered in Minneapolis, Minnesota.  CSM Corporation engages in the acquisition, development, leasing, management, and ownership of quality real estate assets. Their extensive portfolio includes retail, industrial, multi-family residential, and hotel properties across the continental United States.  CSM Lodging has been recognized as Marriott's "Developer of the Year" for their contribution to the tremendous growth and increase in market presence of limited service Marriott hotels.
    The mission of CSM Lodging is to develop and manage the finest hotels through an association with the best brands, and to continuously deliver outstanding guest service.

 
Contact:

CSM Lodging
http://www.csmcorp.net
 

Also See: Minneapolis-Based CSM Corporation Acquires the 197 room Holiday Inn Minneapolis West for $9.325 million / Aug 2004
CSM Lodging Named as Marriott's Developer of the Year Two Years in a Row / December 2001


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