Quorum Hotels Announces Latest Property Management Assignments; Company Assumes Management of Hotels in Lexington, KY, Provo, UT and Columbia, SC

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Assets under Management Now Exceeds $1 Billion

Quorum Hotels & Resorts, a leading independent provider of hospitality management solutions has announced it assumed management of hotels located in Lexington, KY, Provo, UT and Columbia, SC during the last 90 days. The Hilton Lexington Suites (174 keys) is one of the closest hotels to the University of Kentucky and will be converted to an Embassy Suites upon completion of significant renovations over the next 12-16 months. The Courtyard Provo (99 keys) enjoys a strategic location next door to Brigham Young University. The Hyatt Place Columbia/Downtown/The Vista (130 keys) is the newest hotel in downtown Columbia and is located within Columbia's premier art and entertainment district, The Vista, and a short walkto the University of South Carolina. Each hotel was acquired by a venture organized by Quorum that includes institutional investors with long- standing relationships with the company. With the addition of these three properties Quorum’s services portfolio now exceeds $1 billion in value.

According to Walt Peseski, Quorum’s VP of Development, “we are actively seeking to add well-branded, select service properties within 3 miles of major universities. We have four more in our pipeline and hope to double that number in the next 60 days. We love the product category, the brands, the locations and the great team members who have joined our organization.”

Hilton Lexington Suites
245 Lexington Green Circle
Lexington, KY 40503 http://www3.hilton.com/en/hotels/kentucky/hilton-lexington-suites-LEXHSHS/index.html

The Courtyard Provo
1600 Freedom Blvd 200 W,
Provo, UT 84604 http://www.marriott.com/hotels/travel/slcpr-courtyard-provo/

The Hyatt Place Columbia/Downtown/The vista
819 Gervais Street
Columbia, South Carolina, USA, 29201 http://www.columbiadowntown.place.hyatt.com/en/hotel/home.html

About Quorum Hotels & Resorts
Quorum Hotels & Resorts is a leading independent provider of customized hospitality management solutions. Founded in 1987, the company has delivered hotel management services to more than 180 hotels, representing in excess of 53,000 rooms. Its current inventory of assignments includes luxury, full service and lifestyle brands. http://www.quorumhotels.com.

Quorum Contact:
Walt Peseski
VP Development
Quorum Hotels & Resorts 5429 LBJ Freeway, Suite 625 Dallas, TX 75240

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Joy Meadows
Meadows Public Relations
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