Top European Hotel Real Estate Executive Mark Blick Joins Molinaro Koger

. October 14, 2008

LONDON, UK, September 14, 2005 - Rob Koger, President of Molinaro Koger, announced today that Mark Blick, one of Europe's leading hotel real estate executives, has joined the firm as Senior Vice President and will be based at Molinaro Koger's London office. Molinaro Koger now employs a total of 20 hospitality executives.

"Mark is a tremendous addition to our international team," said Mr. Koger, President of Molinaro Koger, in making the announcement. "He understands the needs of hotel investors and leverages this knowledge to the advantage of Molinaro Koger's clients. Mark possesses world-class skills in identifying and executing hospitality property transactions. These skills are driven by his keen market insight and strong relationships with hotel owners and hospitality company executives throughout the world."

During his career, Mr. Blick's skills in hotel real estate have resulted in more than EUR3 billion in hotel transactions. Prior to joining Molinaro Koger Mr. Blick served as Vice President of Choice Hotels International's European division. In that role Mr. Blick directed Choice Hotels' growth throughout all European markets, managed relationships with Choice Hotels Europe and Choice Hotels Scandinavia, and launched Choice Hotels India.

As Choice Hotel's Vice President of Franchise Services based in Paris, Mr. Blick increased the number of Choice Hotels-branded properties by 280% over a four-year period. Prior to working with Choice Hotels International, Mr. Blick held executive positions within hotel operations and asset management at the Doyle Hotel Group and the Savoy Hotel Group.

As part of his service to the industry Mr. Blick serves as a guest speaker on strategic hotel marketing at Cornell University's School of Hotel Administration.

"I am extremely pleased to join forces with Molinaro Koger which is a dynamic firm is comprised of talented individuals who are profoundly committed to their clients," said Mr. Blick. "The array of resources which the company provides will enable me to market assets effectively throughout the world."

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