Neptune Hospitality Advisors Welcomes Pair of Hotel Veterans to Roster

Adds Texas Office

. October 14, 2008

SAN DIEGO, CA, May 17, 2007. Neptune Hospitality Advisors, a leading hotel capital advisory firm, today announced that Jason Clouet and Patrick Bajdek have joined the organization as managing directors. Clouet is based in Neptune's San Diego headquarters, while Bajdek spearheads Neptune operations from the company's new office in Austin, Texas.

Both bring a wealth of industry experience and expertise to their positions. Jason Clouet's diverse background spans 17 years in hotel real estate and hospitality operations. As managing director at Neptune, Clouet provides hands-on financial advisory, acquisition and disposition services, and asset management services. Prior to joining the firm, Clouet was president of Allegiance Hospitality Corporation, where he managed all hotel acquisition, disposition, financing, operation, and renovation activities. His experience as an operations executive, coupled with his unique ownership perspective, is a valuable asset for Neptune's clients.

Patrick Bajdek brings over four decades of lodging industry experience to Neptune. From Austin, Patrick Bajdek provides brokerage, financing, consulting, and asset management services to the firm's Southwest clients. Now, with the new office, Neptune is positioned to leverage Bajdek's national hotel experience as well as his extensive knowledge of the South and Southwest. Bajdek's vast network and existing client base allows for greater reach in Neptune's transactions. Bajdek was a director with PKF Capital Markets Group before joining Neptune.

"Jason and Patrick are highly regarded leaders in our industry and enable us to further accelerate our continued growth and success," said Mike Armstrong, Neptune's president and founder. "Their addition means we can continue to successfully execute financing and acquisition and disposition strategies for clients, while also expanding our personalized services that differentiate us from our competitors."

Founded in 2001, Neptune Hospitality Advisors is a national real estate capital advisory firm dedicated to the hotel industry. As a boutique, San Diego-based firm, Neptune provides a full spectrum of capital advisory services including mortgage brokerage, joint venture capital raising, investment sales and asset advisory services to the hospitality industry. Working with a wide variety of hotel owners and capital sources, Neptune has completed hotel and resort transactions across the United States and Mexico.

For more information, contact Michael D. Armstrong at [email protected] or visit the company website at www.neptuneha.com.

Neptune Hospitality Advisors, Inc.

The Aventine Building

8910 University Center Lane, Suite 420

San Diego, CA 92122

P. (858) 964-5670

F. (858) 964-5679

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