Ultima Hospitality Announces Diane Fox as Senior Vice President of Asset Management

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. September 02, 2014

September 2, 2014 - Ultima Hospitality is pleased to announce the appointment of Diane Fox as Senior Vice President of Asset Management. Fox joins the Ultima Hospitality team after leading Clarion Partners' hospitality asset management division.

Diane has vast and varied experience in the many areas of hotel real estate. She has worked with and led business units in acquisitions, development, asset management, portfolio management and dispositions. As Senior Vice President of Asset Management, Fox will be directly responsible for Ultima Hospitality's entire portfolio management. Her efforts will include the creation and execution of annual business plans for each asset. She will be linked closely with Operations to provide guidance and assistance with development, property acquisitions and dispositions.

"We are very pleased to have Diane join our organization" said David Schwartz, co-founder and chief executive officer, Waterton Associates, Ultima Hospitality's parent company. "Her exceptional interpersonal skills and layered experience will provide an excellent foundation to both build and manage the relationships with our capital partners as well as our operational team".

Prior to accepting her current role with Ultima Hospitality, Fox was Vice President of management development for Hilton Hotels Corporation. A veteran of the real estate industry for nearly 20 years, she has held positions with CNL Hospitality Corp; Marcus Hotels & Resorts; Lend Lease Real Estate Investments; and Georgia Institute of Technology's Economic Development Institute. Her credentials include a Bachelor's Degree in Business Administration and a Master's Degree in Public Administration, both from Cleveland State University.

Diane Fox is the consummate professional. She approaches every aspect of her work with a dedication to excellence that is inspirational to her colleagues. She is both a team leader and a team player. "Asset Management for a successful company like Ultima Hospitality is complex with many moving parts and requires great attention to detail", says Fox. "I am very much looking forward to participating in helping grow such a dynamic organization and working with the Ultima Hospitality team."

About Ultima Hospitality

Ultima Hospitality, the hotel investment and management division of Waterton Associates, is a select and full service hotel owner and operator focused on identifying and executing value-add opportunities nationwide. As an approved operator of some of hospitality's premier brands, Ultima focuses on creating the ultimate guest experience while maximizing total return on investment. Waterton Associates is headquartered in Chicago with seven regional offices in the United States and currently manages over $3.5 billion in real estate investments, including Ultima's portfolio of 11 hotels. For a complete list of the company's portfolio along with more information, please visit www.ultimahospitality.com.