Tuesday, August 19, 2008

Davidson Hotel Company Announces Two New Management Agreements

Company Will Operate Sheraton Orlando-Downtown Hotel and Miami Mart Airport Hotel

MEMPHIS, TN—Davidson Hotel Company, one of the nation’s largest hotel management companies, today announced that it now operates two additional Florida hotels, the 341-room Sheraton Orlando-Downtown Hotel(top right photo) and the 332-room Miami Mart Airport Hotel.(bottom left photo).

The properties are owned by CF Hospitality, Inc. and SF Hotels, Inc., both privately-held Florida companies.

“With the addition of these two large, full-service hotels, Davidson now has a portfolio which includes five upscale hotels in Florida,” said John A. Belden, (middle left photo) Davidson’s president and chief executive officer.

“We are attracted to the strong demographics in both Orlando and Miami, and following the implementation of our proprietary marketing and management systems, we believe these hotels will quickly gain strong market share and substantially increased value for ownership.”

Located in the Blue Lagoon business district of Miami, the 12-story Miami Mart Airport Hotel adjoins the Miami International Merchandise Mart and is within minutes of such area attractions as South Beach, Bayside Marketplace, The Venetian Pool, The Biltmore, Biscayne National Park, and family-themed locales like Jungle Island, Miami Metrozoo, and Monkey Jungle.

“These two properties reflect Davidson’s on-going strategy to augment its overall growth through third-party management,” said Steven A. Margol, (bottom right photo) Davidson’s executive vice president of Business Development.


“We continue to seek out opportunities where we can apply our skills to help owners unlock new or unrealized value in their assets. This is particularly important in today’s economic conditions.”


Additional information on Davidson may be found at the company’s Web site, http://www.davidsonhotels.com/onhotels.com/.


CONTACTS:

Julie Tullbane, Daly Gray Public Relations, T 703-435-6293, F 703-435-6297 julie@dalygray.com

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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