Shamrock - Hostmark Makes First Acquisition
Under Contract for Second Property
SCHAUMBURG, IL, January 19, 2006. The Shamrock - Hostmark Hotel Fund LP (the Fund) closed on its first acquisition in the fourth quarter of 2005 and has recently gone under contract for its second acquisition. The Fund acquired the 151-room Springhill Suites by Marriott Miami Airport South. The Fund has also entered into an agreement to purchase a mid-sized upscale full-service hotel in the Northeast. "These two assets represent excellent examples of the types of acquisitions the fund intends to make over the coming months" George Buchler, Vice President, Shamrock - Hostmark Hotel Fund LP. "The Fund intends to seek out high-quality facilities that would benefit from enhanced management expertise and/or market repositioning through further investment," Mr. Buchler added.
The Fund is co-sponsored by Shamrock Holdings of California and Hostmark Hospitality Group and is actively pursuing investment-grade, full-service and select-service hotels in urban markets. The Fund objective is to seek the acquisition, redevelopment, renovation and investment management of hotel assets with significant value creation potential.
Hostmark Hospitality Group (www.hostmark.com) is a leading hospitality management firm operating upscale full-service hotels and resorts and select-service hotels worldwide. Hostmark has a proven long-standing reputation for performance-driven results through superior operating and asset management standards. Headquartered in Schaumburg, IL, Hostmark has regional offices in Boulder, CO, and Cairo, Egypt.
Shamrock Holdings of California, Inc. (www.shamrock.com) was founded in 1978 as the investment vehicle for the Roy E. Disney family. Since that time, Shamrock has invested more than $2 billion in real estate and private equity transactions across a broad range of property types and industries. Shamrock currently manages five private equity and real estate funds comprising roughly $1 Billion of equity capital.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
