PALM BEACH, Fla. � June 18, 2002 � Joel Hiser, President & CEO of Horwath Hospitality Investment Advisors (HHIA), announced today that Stephen P. Taylor, CHA, has joined HHIA as managing director to further accelerate the company�s sales and capital markets efforts in the Palm Beach area. Taylor has more than twenty-five years of hotel industry experience in diverse roles, including development, sales, management and operations. 

�We are delighted to announce that Steve is joining HHIA to help us serve
existing clients and build new business,� said Hiser. �Horwath is continuing to lay a strong foundation for the future by assembling the best group of hotel transaction and resource professionals in the business.� 

�I am honored and excited by this opportunity,� said Taylor. �I look forward to building on Horwath�s strong track record of success and further enhancing the sterling reputation and services of the firm.� He concluded, �I am grateful to HHIA for their confidence and look forward to a successful, profitable future.� 

About Stephen Taylor
Stephen P. Taylor has spent more than 25 years in all areas of the hospitality industry.  With experience ranging from sales and marketing at the property level through regional and corporate marketing positions, and having served as President and CEO of a national hotel management company, he has truly �seen it all and done it all.�  

Following his graduation from the University of Florida�s College of Journalism with a degree in Public Relations & Marketing, his corporate affiliations included the Michael Andretti & Mike Piazza Sports� Café, Brookshire Hotels, Inc., Westbrooke Hotels, Rodeway Inns International, Pick Americana Hotels, Hilton and Sheraton.  Steve is a Certified Hotel Administrator (CHA), serves as contributing editor to Lodging Hospitality magazine, and is a frequent speaker and panel member at hotel industry meetings, conferences and conventions.  

About HHIA
Horwath Hospitality Investment Advisors is a hospitality real estate firm with offices in Atlanta, Dallas, Los Angeles, Miami, New York, Palm Beach and San Francisco. As part of Horwath International � a company with 110 member firms and 490 offices in 460 cities throughout the world � Horwath is the undisputed leader in real estate services for the hospitality industry, specializing in hotel investment sales, as well as loan and capital procurement. The organization�s professional staff has unparalleled experience in identifying opportunities, assessing costs and benefits and designing action plans for hoteliers seeking to buy, sell or reposition lodging assets.