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Hostmark Awarded Management Contract 
For New Hilton Santa Clara 
Schaumburg, IL, October 11, 2000 - Hostmark Hospitality, one of the country�s largest third-party management companies, today announced that it has been awarded the management contract for the new Hilton Santa Clara, scheduled to open in December 2000. Hostmark�s 35-year industry reputation of solid marketing and effective cost control measures earned the company the management contract for the Silicon Valley�s newest hotel development.

�We view this management contract as recognition of our proven track record and look forward to making this exciting project in America�s high-tech center a terrific business success,� said Dick Betty, Vice President of Operations for Hostmark Hospitality Group. �We have assembled an outstanding management team of well-respected hospitality veterans and feel that the Santa Clara market provides an excellent opportunity for Hostmark to continue to expand its management scope,� concluded Betty.
 

The Hilton Santa Clara is a joint venture between affiliates of Oaktree Capital Management, LLC., a pension fund management firm headquartered in Los Angeles and the San Diego-based hotel investment and development firm, Franklin Croft Inc.  It is operated under a license agreement with Hilton Hotels Corporation.  

The 280-room Hilton Santa Clara is 



Hilton Santa Clara 
conveniently located across the street from the Santa Clara Convention Center and next to Paramount�s Great America Theme Park. The hotel features high speed Internet access in guest and meeting rooms, over 5,000 square feet of meeting space, a multi-lingual staff, a state-of-the-art fitness center, heated outdoor swimming pool, a fully serviced 24-hour business center, and an Executive Concierge Level.

Hostmark Hospitality Group is one of the country�s largest independent third party hospitality management firms, operating hotels and resorts worldwide.  The company provides a comprehensive range of repositioning, management support and technical services to hotels, resorts and conference centers in the United States, Canada and the Middle East. Founded in 1965, Hostmark represents a wide range of franchises including Hilton, Marriott, Sheraton, Omni, Embassy Suites, Crowne Plaza, Hawthorn Suites, Best Inns, Ramada, Holiday Inn, Howard Johnson, Comfort Inn, Days Inn and Clarion. Hostmark Hospitality Group is headquartered in Schaumburg, IL, with regional offices in Orlando, FL; Washington, DC; Denver, CO; and Cairo, Egypt.

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Contact:
Shawn-Laree de St. Aubin
312-840-8011
Brian Tkac
847-517-9100
www.hostmark.com

Also See Franklin Croft Group Nearing Completion of La Jolla�s Grande Colonial Hotel Renovation; Terrence D. Underwood Named General Manager / April 2000 
Franklin Croft Inc. and Oaktree Capital Management, LLC Start Consturction on $30 Million Hilton Hotel in Santa Clara, California / Oct 1999


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