FAIRFIELD, Calif./DENVER, Colo., December 6, 2011—Richfield Hospitality , a leading hotel management company, today announced that it will again partner with Presidio Companies, a Northern California-based hotel development and asset management company, to operate the 137-room and suite Courtyard by Marriott Fairfield,  Calif., located in the Napa Valley, north of San Francisco.

“This contract marks an important milestone for Richfield in that we are now working with every major brand family,” said Greg Mount, president of Richfield Hospitality.  “We are gratified that Presidio has entrusted a third property to our management and given us this opportunity to operate our first Marriott-branded hotel.

“With its proximity to family-friendly attractions like the Six Flags Marine World and Infinecon Raceway, this hotel is a perfectly situated for both family vacations and wine country escapes,” Mount continued.  “With some enhancements to the arrival experience, which will commence  immediately,  we will ensure that the quality of the property matches the quality of service that is the hallmark of the Marriott brand.”

The Courtyard by Marriott Fairfield offers guests easy access to Napa Valley wineries and factory tours including Budweiser and Jelly Belly.  Each guest room is equipped with a high definition, flat panel television, refrigerator and microwave, and recently upgraded bedding and complimentary WIFI access.  To complement the Napa Valley lifestyle, the Courtyard by Marriott Fairfield boasts the Beaubelle spa and a fitness center with complimentary classes.  Additional amenities include an outdoor pool and whirlpool, and California, a breakfast café.

Courtyard by Marriott Fairfield is located at 1350 Holiday Lane, Fairfield, in the Napa Valley.   In addition to the area’s renowned wineries, Fairfield and neighboring town Vacaville are home to  numerous growing businesses, including Genentech, Papyrus, Copart, Boeing and North Bay Medical, making the hotel a prime destination for business travelers as well as vacationers.

About Presidio Companies
Headquartered in Fairfield, Calif., Presidio Companies seeks and acquires under-performing, franchised properties in the United States to redevelop and transform them into successful, sustainable properties.  Presidio also selectively develops new-build hospitality projects in high-barrier-to-entry markets.  Presidio Companies has developed over $300 million of hospitality projects in the past eight years, always focusing on consistently high levels of achievement in every endeavor.  The Presidio Companies services include development and construction supervision, brokerage, investment, and hotel asset management.

About Richfield Hospitality
Richfield Hospitality, Inc. is a leading hotel management company with a premier track record of maximizing profitability and improving asset values for hotel owners.  Richfield and its affiliates offer proven solutions and expertise to approximately 500 hotels and resorts.  From hotel operations and property management to electronic distribution and interactive marketing, Richfield achieves superior operating results through its strong commitment to owners, guests and associates.  Based in Denver, Richfield is part of City Developments Limited, one of the world’s largest real estate, hotel investment and technology conglomerates with a market capitalization exceeding US$6 billion.
Additional information about Richfield Hospitality may be found at the company’s website, www.richfield.com.