Acquisitions & Hotel Openings

Driftwood Returns to New York, Adds Holiday Inn Albany Airport to Portfolio

Airport Hotel an Ideal Option for Business Travelers, With Convenient Tech Valley Location and 22,000+ Square-Feet of Meeting Space

North Palm Beach, FL - February 16, 2012 - Driftwood Hospitality Management today announced their latest property addition – the Holiday Inn Albany Airport - Wolf Road. The 312-room hotel, ideally located in the heart of Tech Valley, is the ninth addition to Driftwood’s portfolio since November 2011 and expected to quickly emerge as a hotbed of business travel activity.

“This type of property is exactly what Driftwood is looking for, not only because of its specific amenities and offerings, but also its prime location,” said Brian Quinn, Executive Vice President of Driftwood Hospitality Management. “The asset is perfectly positioned and with the right guidance, and the Driftwood touch, we believe it can become a business travel hotspot.”

The Holiday Inn Albany Airport – Wolf Road is centrally located just one mile from the Albany International Airport and six miles from the sprawling downtown Albany, which features the recently renovated Colonie Center Mall, Times Union Center Stadium and the historic and lively Central Avenue – a three mile strip of dining, nightlife and boutique shops.

Recently recognized as one of the “Top 20 Best Cities for Job Growth” among medium-sized cities, by NewGeography.com, the Albany area is perfectly aligned for future business development. Home to world-class educational, tech and research facilities, as well as a vibrant arts and entertainment scene, Albany is the ideal year-round destination of choice for numerous industries.

Located in the Capital District and the heart of Tech Valley, business travelers are prone to visit the all-American town. The Holiday Inn Albany Airport – Wolf Road takes this audience into account with a 24-hour business center and 13 meeting rooms, catering services and free Internet. These simple, practical conveniences make The Holiday Inn in Albany the perfect property to visit, whether in town for meetings at General Electric, the area’s hospitals or acclaimed universities.

“Throughout our entire staff, the level of energy on the ground here in Albany is high,” said General Manager Cynthia Stanley, who has been with the property for more than two years. “I’m delighted with what we’ve seen from Driftwood thus far. Knowing the tools Driftwood brings to the table, I have no doubt our hotel will continue its growth amongst business, leisure and group travelers.”

For more information about Driftwood, visit www.TheDriftwoodDifference.com.

About Driftwood Hospitality Management
Based in North Palm Beach, Fla., Driftwood Hospitality Management, LLC is a leader in providing solutions-based services for the domestic and international hotel industry. Guided by The Driftwood Difference – Flexibility, Diversity, Integrity, Accessibility, Originality, the company covers the full spectrum of lodging business needs. From full-service, upscale and upper-upscale hotels to mid-size extended-stay, select and limited-service properties, Driftwood’s portfolio represents virtually every segment of the hospitality industry. Focused on strategic acquisition, development, third-party management and receivership, Driftwood has extensive management experience and relationships with most major brands, including Starwood Hotels & Resorts Worldwide, Hilton Worldwide, InterContinental Hotels Group, Inc., Carlson, Choice Hotels International, Inc. and Wyndham Worldwide. With additional offices in Costa Rica, Scottsdale, Ariz. and Miami, Fla., the company and its hotels have received more than 20 industry awards in the past three years. For more information, visit www.DriftwoodHospitality.com.

Media Contact: Samantha Jacobs / Claibourne Smith, M. Silver Associates; 954-765-3636 or Samantha@msilver-pr.com / Claibourne@msilver-pr.com

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