DENVER, April 16, 2012—Richfield Hospitality , a leading hotel management company, today announced that John P. Panko has joined the company as vice president of sales.  He will provide sales leadership for nine of the company’s hotels.

“As the hotel industry continues its steady growth, we saw an opportunity to enhance   our sales teams with a leader who has demonstrated effectiveness at helping hotels surpass their sales goals,” said Greg Mount, Richfield Hospitality president.  “John will develop and oversee the sales efforts on behalf of Richfield’s portfolio of properties, focusing on increasing group business and optimizing rate.  His experience successfully leading the sales efforts for several high-end brands will give our property-level sales teams unprecedented vision and support while enabling us to grow market share for our owners.”

Prior to joining Richfield, Panko was the divisional director of sales at the global office of Sage Hospitality, responsible for such hotels as the JW Marriott Cherry Creek, Nines and Hotel Ivy, all part of the Starwood luxury collection.  Panko joined Sage in 2003 as the director of sales at the Westin Westminster, where he earned Starwood’s sales leader of the year award and led his team to a nomination for sales team of the year.  A graduate of Ohio University, Panko began his hospitality career at the Radisson Hotel in Asheville.

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. From hotel operations and property management to electronic distribution and interactive marketing, Richfield achieves superior operating results through its strong commitment to guests, employees and owners.  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.

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.

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