Hotel Equities Appoints Jeff Shockley as Director

Financial Analysis and Owner Relations

. May 11, 2009

ATLANTA, GA, May 11, 2009 - Atlanta-based Hotel Equities (HE) recently named Jeff Shockley to the position of Director of Financial Analysis and Owner Relations.

His responsibilities include monthly financial reviews as needed and annual budgeting and forecasting for the company's portfolio of hotels. He will also serve as a liaison between Hotel Equities and the owners of the hotels in the HE portfolio. Mr. Shockley reports to Alan Bennett, Senior Vice President and CFO.

"Jeff has worked for our company for more than 14 years and has a depth of experience in operations as well as the financial part of the business," said Fred Cerrone, President and CEO of Hotel Equities. "He is an outstanding asset to our management team."

Beginning as an Assistant General Manager at the Fairfield Inn-Alpharetta, Mr. Shockley moved up quickly to General Manager, Team Leader and later to Financial Analyst for Hotel Equities. Marriott named him GM of the Year for the Fairfield Inn brand in 1997 and again in 2006 from a field of more than 550 hotels nationwide.

Mr. Shockley holds a B.S. in Political Science from the University of Georgia. Married with two children, he enjoys golf, tennis and coaching Little League baseball.

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