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Gemstone Hotels & Resorts Names Michael Straube Regional Director of Operations;
Will Operate out of the Carlton on Madison Avenue in New York City

PARK CITY, Utah, December 13, 2007 — Gemstone Hotels & Resorts, LLC, a leading hotel and resort management company, today announced that it has named Michael Straube regional director of operations.  Straube will operate out of the Gemstone-managed Carlton on Madison Avenue in New York City, where he will oversee the repositioning initiative currently under way at the property, as well as the rooms and public spaces renovation process.  Additionally, Straube will be an active participant in other Gemstone projects and properties in the northeastern U.S.

“With his strong background and over two decades of experience in the hospitality industry, Michael is an ideal candidate to help Gemstone grow as we continue to expand our portfolio nationwide,” said Jeff McIntyre, Gemstone principal.  “He possesses in-depth knowledge of the northeastern region and of New York City, in particular, locations where we actively are seeking additional growth opportunities.”   

Prior to joining Gemstone, Straube was senior vice president for the Peninsula Real Estate Group, LLC, where he was responsible for the asset management of the Beekman and Eastgate Hotels.  He has held a variety of positions within the industry, including Corporate Controller at Tishman Hotel Corporation and Area Controller on the original team that launched the W brand with the first three W hotels in New York.  

Straube received his Bachelor of Science in Hotel Administration from the University of Nevada, Las Vegas.

Headquartered in Park City, Utah, with offices in Stamford, Conn., Gemstone Hotels & Resorts, LLC, is a full-service management and asset management company that specializes in luxury and upscale urban hotels and complex resorts.  The company is engaged in resort and unique hotel marketing and management and asset management for a variety of major hotel real estate investors and owners.  Gemstone currently manages or asset manages more than 20 projects.  


Gemstone Hotels & Resorts, LLC

Also See: Gemstone Resorts International Signs Management Agreements for the Carlton Hotel, Manhattan and The Hotel Washington, Washington, D.C. / February 2007

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