Marriott Hamilton Opens After 15-Month Renovation

Concord Hospitality and Hamilton Community Foundation Open Property Expected to Create Nearly 80 Job

. March 11, 2009

HAMILTON, OH / RALEIGH-DURHAM, NC, March 10, 2009 - Concord Hospitality Enterprises, one of the nation's top-ranked hotel developer/owner/operators, in partnership with the Hamilton Community Foundation (HCF), today announced that the 120-room Courtyard by Marriott Hamilton will open tomorrow, following a 15-month, $12.5 million renovation. The rebranded, Marriott property is expected to bring nearly 80 jobs to the community of 60,000. Concord will manage the property. HCF Properties, LLC, a wholly-owned subsidiary of HCF, owns the hotel. The property originally opened as the Hamiltonian, an independent hotel, in 1985.

"The Courtyard by Marriott Hamilton is opening at a critical time," said John Guidugli, HCF Properties, LLC board chair. "While Hamilton is faring well despite the current economy, we consider the creation of nearly 80 jobs at a time when employment is disappearing nationwide, to be a major positive. We also expect that under the Marriott flag, the property will do very well. It is the only facility in the area large enough to host meetings and events, and is an attractive alternative to more expensive places like Cincinnati and Dayton.

"This property is also an important part of Hamilton's identity. It's been here for 25 years, and it has hosted all our local events," Guidugli said. "We look forward to the hotel becoming a focal point of the community once again."

The new Courtyard features a brand new indoor pool and 6,500 square feet of top-of-the-line meeting and banquet space, including the newly expanded Riverview Ballroom. The revamped ballroom now includes an extended pre-function space and boasts picture windows overlooking the Great Miami River. The property is complemented by Amici's, its on-site Italian restaurant and access to the amenities of the adjacent RiversEdge development. It also includes the new state-of-the-art Courtyard by Marriott lobby, including "Go-Board" and other "Refreshing Business" features.

"We continue to expand our management portfolio during this downturn, a testament to our ability to produce competitive results during all phases of the economic cycle," said Mark G. Laport, president and CEO of Concord. "We've put an exceptional team in charge at this property and look forward to helping it reach its full potential. Hamilton is an attractive community with a solid economic foundation, and we're glad to be here."

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