Optimum Hotel Brokerage Expands Operations

Relocates Headquarters Office to Philadelphia

. October 14, 2008

ELKINS PARK, PA, November 15, 2005. Optimum Hotel Brokerage announced today that the firm has opened it new headquarters office in the Philadelphia area. The office will be located in Elkins Park, Pennsylvania.

The firm's new headquarters office will be:

Optimum Hotel Brokerage

23 Breyer Court

Elkins Park, PA 19027

Phone: 215-572-7711, Fax: 215-572-7570

[email protected]

"We're excited to have this opportunity to expand our brokerage operations," explained Joe McCann, president of the nationally-recognized hotel brokerage and capital advisory services firm. "As a native Pennsylvanian, I am knowledgeable with the Pennsylvania, New Jersey, and Greater Washington markets. I'm looking forward to providing our Mid-Atlantic customers closer proximity to our services." The firm will be retaining a New England-based office. Details of that location will be announced in December.

Optimum Hotel Brokerage, a member broker of HBI: Hotel Brokers International, has established itself as one of the leading hotel brokerage firms in the nation. Since its inception in 2002, the firm has successfully brokered over $300 Million in hotel asset transactions. The firm's transactions in the past year have included the legendary 1,649-room Palmer House Hilton in Chicago, the 200-room Southbury Hilton in Southbury, Connecticut, the 350-room Crowne Plaza in Hartford, Connecticut, the 309-room Crowne Plaza Meadowlands in Secaucus, New Jersey, the 84-unit Hampton Inn Sturbridge in Sturbridge, Massachusetts; the 93-unit Days Inn Niantic in Niantic, Connecticut, the 153-Best Western Airport in Albany, New York; and the 170-unit Radisson Airport Hotel in Rochester, New York.

Optimum Hotel Brokerage is also a member of Hotel Brokers International, the world's largest and oldest hospitality real estate organization, which has a rich heritage of experience and expertise in hotel real estate valuation, transactions and other essential services. Comprised of some 75 hotel real estate broker specialists, HBI provides the hospitality industry with the most powerful hotel real estate marketing force, creating greater visibility through a unified and inclusive advertising and marketing approach. Mr. McCann has earned the designation of Certified Hotel Broker, with distinction, from the organization, and was recognized as HBI's Broker of the Year for the Northeast Region in 2003 and 2004. In 2004, he was recognized by HBI for the Portfolio Sale of the Year, Unique Deal of the Year, and Asset Sale of the Year.

Optimum Hotel Brokerage's principal is Joe McCann. Joe is a twenty-five year hotel industry veteran who has held senior management positions with Hilton and Marriott at their largest and most successful corporate and franchised properties. Joe holds a Bachelor of Science Degree in Hotel, Restaurant and Institutional Management from the Pennsylvania State University and a Master of Hospitality Management degree (with concentration in Hotel Finance) from the Conrad N. Hilton College of Hotel and Restaurant Management at the University of Houston. He has also completed advanced Finance, Real Estate Finance, Hotel Valuation, and New Venture Development courses offered by the University of Connecticut, the University of Texas, Cornell University, and the University of Houston's Melcher Graduate School of Business. He has been an active broker and consultant in the hospitality industry, with assignments ranging from hotel feasibility projects to multi-unit restaurant development.

For complete exclusive listings of hotels for sale, please go to www.optimumbrokerage.com. For a complimentary valuation of your hotel, call 215-572-7711.