Tuesday, January 6, 2009

Davidson Hotel Co. Signs Management Contract for The Wynfrey Hotel in Birmingham, AL

MEMPHIS, TN, Jan. 6, 2009—Davidson Hotel Company, one of the nation’s largest independent hotel management companies, today announced that it has signed an agreement to operate the 329-room Wynfrey Hotel (top right photo) in Birmingham, Ala.

The hotel is owned by Jim Wilson & Associates, a Montgomery-based real estate ownership group.

“The Wynfrey Hotel has long been considered one of the Southeast’s finest hotels and has successfully catered to Birmingham’s corporate and social needs for more than two decades,” said John A. Belden, (middle left photo) Davidson’s president and chief executive officer.

“We are honored to have the opportunity to manage this classic hotel and build on the great foundation laid by Jim Wilson and his team. We look forward to implementing our proprietary management and sales systems to further enhance the guest experience and overall financial performance for ownership.”

“This is our first new management contract in 2009, and we look forward to building on our momentum of 2008 when we added 10 new management contracts to our portfolio,” said Steven A. Margol, (bottom right photo) Davidson’s executive vice president.

“We have always focused on growing our management portfolio selectively, working for well-respected owners with institutional quality assets, where we can bring our management expertise to the property and create additional value for ownership. In this instance, working with Jim Wilson and Associates on the renowned Wynfrey Hotel fits perfectly within our criteria.”

Located at 1000 Riverchase Galleria, the elegant Four Diamond hotel is connected to the Riverchase Galleria, the state’s largest enclosed shopping mall, which features more than 250 well-regarded, upscale stores and boutiques.

Additionally, the hotel is situated within walking distance of numerous restaurants, theaters, offices and additional shopping. The hotel is in close proximity to the Birmingham International Airport, downtown Birmingham, Hoover Metroplex, Birmingham Jefferson Convention Complex, Talladega Motorsports Park and many other local attractions.

Contacts:

Cyndi Norwood, Davidson Hotel Company, (901) 821-4155, cnorwood@davidsonhotels.com

Jerry Daly, Chris Daly (media), Daly Gray Public Relations, (703) 435 6293, jerry@dalygray.com

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