Optimum Garners HBI Top Sales Achievement Award

Hotel Brokerage Earns Many Top Sales Awards Presented at 2007 Hotel Brokers International Convention

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. October 14, 2008

FEBRUARY 20, 2007. Philadelphia-based Optimum Hotel Brokerage earned many of Hotel Brokers International's top honors for hotel asset transactions presented at HBI's annual membership meeting held in Las Vegas January 30th through February 2nd, 2007. Joseph McCann, Optimum's principal and president, was recognized for his firm's record number of transactions, cooperative sales, and Broker of the Year for the New England/Mid-Atlantic Region. The awards were presented to Joe McCann at HBI's lavish closing awards banquet.

McCann and Optimum Hotel Brokerage were recognized for sales and marketing leadership by winning the following HBI awards:

---|Broker of the Year - for the New England/Mid-Atlantic Region

---|Sales Achievement Award - by achieving an annual record of hotel transactions

---|Cooperative Sales - by selling the Best Western in Lawton Oklahoma with Alan Brock and Associates

'We are pleased to recognize Joe McCann and Optimum Hotel Brokerage for their exceptional sales achievement and contribution to Hotel Brokers International', said Teague Hunter, HBI's outgoing president. 'Optimum Hotel Brokerage has distinguished itself as a most successful hotel brokerage firm in the Northeast US, and we are proud to have Mr. McCann as a broker member in our organization', he continued. 'Mr. McCann has earned HBI's designation as Certified Hotel Broker with Distinction, and Hotel Brokers International has been well represented by Mr. McCann's hotel finance, brokerage, and transactions expertise.' McCann also serves on HBI's Board of Directors and chairs its Education and Conference committees.

'I'm pleased and proud to receive these accolades from the membership of Hotel Brokers International' added McCann. 'Our firm's success has been a direct result of our affiliation with all of the members of HBI, and the powerful marketing synergy that the organization's membership creates. When buying or selling a hotel, one should always consult a HBI member broker.'

Hotel Brokers International is the world's largest and oldest hospitality real estate organization, with a rich heritage of experience and expertise in hotel real estate valuation, transactions and other essential services. Comprised of some 75 hotel real estate broker specialists, HBI provides the hospitality industry with the most powerful hotel real estate marketing force, creating greater visibility through a unified and inclusive advertising and marketing approach. HBI's membership sold more than $500 Million in hotel asset sales in 2006.

Mr. McCann has earned the designation of Certified Hotel Broker, with distinction, from the organization, and was recognized as HBI's Broker of the Year for the Northeast Region in 2003, 2004 and 2005. HBI has also awarded McCann with the Portfolio Sale of the Year award in 2004 and Unique Deal of the Year award in 2004 and 2005. More recently, Optimum Hotel Brokerage and Joe McCann were awarded HBI's prestigious Broker of the Year Award for 2005.

Optimum Hotel Brokerage's principal is Joe McCann. Joe is a twenty-eight year hotel industry veteran who has held senior management positions with Hilton and Marriott at their largest and most successful corporate and franchised properties. Joe holds a Bachelor of Science Degree in Hotel, Restaurant and Institutional Management from the Pennsylvania State University and a Master of Hospitality Management degree (with concentration in Hotel Finance) from the Conrad N. Hilton College of Hotel and Restaurant Management at the University of Houston. He has also completed advanced Finance, Real Estate Finance, Hotel Valuation, and New Venture Development courses offered by the University of Connecticut, the University of Texas, Cornell University, and the University of Houston's Melcher Graduate School of Business. He has been an active broker and consultant in the hospitality industry, with assignments ranging from hotel feasibility projects to multi-unit restaurant development.

Optimum Hotel Brokerage has endowed a Trustee Scholarship at the Pennsylvania State University. The scholarship provides financial assistance to four students demonstrating financial need at Penn State's School of Hospitality Management.