Brian Moulton Hired to Oversee Acquisition Opportunities at The Procaccianti Group (TPG)

. October 14, 2008

PROVIDENCE, RI, October 19, 2005. The Procaccianti Group (TPG) announced it has hired Brian Moulton, a two-decade industry veteran, as Senior Vice President of Acquisitions. Moulton will be based in the Southeast Regional office of TPG and will report directly to Robert Leven, Executive Vice President of Acquisitions and Development.

Moulton joins TPG from Marriott International, Inc. As Vice President of Hotel Development, he was responsible for securing development opportunities in the Southeast Region for Marriott's full service hotel brands, including Marriott Hotels & Resorts, Renaissance Hotels & Resorts and Ritz Carlton Hotels & Resorts.

"Brian is a great addition to the TPG team," said James Procaccianti, President and CEO of TPG. "His vast knowledge and connections within the industry will help TPG continue our rapid and strategic growth as we look to acquire additional properties throughout the country."

Moulton's role at TPG will include continuing to focus the company's efforts on increasing inventory through understanding and acting on unique market opportunities. Moulton will be responsible for sourcing, underwriting, and closing new acquisition opportunities on behalf of TPG.

"We are thrilled to have Brian join the acquisition team at this critical juncture in the company's growth curve," said Robert Leven, Executive Vice President of Acquisitions and Development. "Brian's extensive experience and network in the industry will be invaluable as we continue to look for interesting opportunities to invest capital."

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