Gregory Stafford Named GM Hilton Inn at Penn

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. June 16, 2009

PHILADRLPHIA, PA, June 16, 2009 - A hospitality industry veteran with over 25 years of hotel management experience, Mr. Stafford will be responsible for managing the day-to-day operations of this upscale.238-room hotel situated in the heart of the University of Pennsylvania's campus in University City, a section of Philadelphia bounded by the Schuylkill River.

Mr. Stafford has an outstanding track record in hospitality management, having served in a multitude of both General Manager and Opening General Manager roles with distinctive hotels in various parts of the country, including such major urban markets as Washington, DC, Chicago, Atlanta and Orlando. Most recently, acting as General Manager of the Four-Diamond rated, award-winning Providence Hotel, located in Providence, Rhode Island, he restructured operations and marketing staff and recruited a new management team.

'Greg's dynamic leadership style, results-driven track record and his skill in recruiting talented individuals and developing a strong team management approach, makes him the ideal candidate for this position,' stated Ted Ratcliff, Senior Vice President, Operations, Eastern North America, Hilton Hotels Corporation. 'His exceptional educational background coupled with his membership with leading professional affiliations in the areas of education, marketing, community, hospitality and travel/tourism, is a perfect fit for managing the hotel, which is owned by the University of Pennsylvania, considered one of the most prestigious schools in the state and country,' Ratcliff added.

'I am honored to join the exceptional team at the Hilton Inn at Penn, which brings together two of my lifelong passions - elite education and luxury lodging,' said Mr. Stafford. 'We intend to build on the outstanding service tradition which Hilton and the University of Pennsylvania have established at this fine hotel,' he added.

Prior to his tenure at The Providence Hotel, Mr. Stafford spent 10 years serving as General Manager for the upscale, boutique-style Liaison Capitol Hill (former Holiday Inn on The Hill) in Washington, DC. As GM, he facilitated performance in the areas of finance, marketing and operations with a heavy emphasis on service quality and profitability. Throughout most of the 1990s and 1980s, Greg served in various opening GM positions and operational managerial roles with such distinctive properties as the Hamilton Crowne Plaza in Washington, DC, the Hilton Suites Hotel in Oakbrook Terrace, Illinois, Embassy Suites Downtown Chicago, Embassy Suites Downtown, Washington, DC, and the Hyatt Suites Hotel (formerly Pickett Suites Hotels), Atlanta.

Mr. Stafford has an outstanding educational background and possesses a wealth of academic credentials. He graduated from the University of Kentucky with a BA in Philosophy, and holds two MBA degrees. He received an MBA in Management from Averett University and holds an MBA from the University of Chicago in Marketing and Finance. He is also a Doctoral Candidate in the Executive Leadership Development Program from George Washington University.

He will reside in the Philadelphia area with his two children.