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| Englewood, Colo. � Nov. 1, 2006 �
Mike Everett, senior vice president of acquisitions for Lowe Hospitality
Group (LHG)/Destination Hotels & Resorts (DH&R), today announced
that Rick Rush has joined the company as vice president of hospitality
investments. The LHG/DH&R acquisitions team is responsible for growing
the portfolio of Denver-based Destination Hotels & Resorts. The LHG/DH&R
hospitality acquisitions team is also responsible for the sourcing, negotiations
and closing of lodging acquisitions on behalf of the company�s investment
clients including Lowe Hospitality Investment Partners, a $266 million
discretionary fund that invests solely in hotel and resort properties.
Both companies are subsidiaries of Los Angeles-based Lowe Enterprises, a leading national real estate investment, development and management firm. Rush joins the LHG/DH&R team after 10 years with Denver-based Sage Hospitality where he was senior vice president of acquisitions and helped lead a period of significant growth for the company. Prior to leading the acquisitions team, he also held various operations positions for Sage including vice president of operations. Rush�s tenure in hospitality also includes a variety of leadership positions with Marriott International. Rush�s appointment rounds out the LHG/DH&R team of Everett, John Rosen, vice president hospitality investments, and Adam Drake, director hospitality investments. Rush is a graduate of the University of South Carolina. He lives in Denver with his wife Betsy and their two children. Destination Hotels & Resorts is a privately held lodging management company headquartered in suburban Denver, Colo. With 30 independent, luxury and upscale hotels, resorts and golf clubs, Destination is the fifth largest independent hospitality management company in the country. The company�s portfolio features more than 7,000 guest rooms, 13 golf courses and 10 full-service spas. Destination Hotels & Resorts properties are located in key metropolitan and resort markets including Washington, D.C., Houston, Chicago, Denver, Dallas, San Diego, Aspen, Austin, Phoenix, Palm Springs, Jackson Hole, Maui and Lake Tahoe. For more information on the properties in the Destination Hotels & Resorts collection, please visit www.destinationhotels.com. |
| Contact:
Kristin Mettler
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