Kate Lynch Jerkens Appointed VPSM at JRK Hotel Group

. July 22, 2009

JULY 22, 2009 - JRK Property Holdings (JRK), today announced the appointment of Kate Jerkens as vice president sales and marketing of JRK Hotel Group, Inc., a wholly-owned subsidiary of JRK Property Holdings, Inc. In her role, Jerkens will oversee the sales and marketing efforts of JRK Hotel Group's portfolio in Santa Monica, Santa Barbara, Nashville and New York.

With ten years in hospitality management, Jerkens will bring her depth of experience to JRK as it continues its strategic growth. Jerkens was most recently the director of sales and marketing for Kor Hotel Management, where she oversaw the sales and marketing efforts for the two west coast Viceroy properties in Santa Monica and Palm Springs. Prior to that position, Jerkens held multiple positions within Kor, including the director of sales for Kor's Urban Retreats in Beverly Hills and participated in the transition team during the acquisition of Campton Place in San Francisco in 2005.

"JRK Hotel Group is proud of its ability to attract talented individuals like Kate to our collection of hotels," said John Flannigan, president of JRK Hotel Group. "We are excited to have Kate as part of the team to assist in developing operating and sales philosophies that translate to value for our guests. JRK Hotels is well positioned in these economic times to acquire additional properties and having a leader like Kate rounds out our management team."

Jerkens will use her experience in the boutique industry to develop sales and marketing plans for the JRK collection of hotels, which currently includes the Hotel Oceana Santa Monica, Hotel Oceana Santa Barbara, Roger Williams in New York and the nation's largest Holiday Inn Express located in Nashville, Tenn. Additionally, Jerkens will join the JRK Executive Team, where she will contribute to the continued development and expansion of JRK Hotel Group.

"I feel like I am joining JRK at a pivotal time in its growth and I am thrilled to bring my experiences to the company and contribute to the rising success of each property," said Jerkens. "I look forward to working with the talented and creative group of professionals within the JRK team."

Over the course of nearly two decades, JRK has established itself as the industry leader when it comes to fully-integrated commercial real estate ownership and operation. JRK Property Holdings, Inc. employs over 1,200 professionals involved in every aspect of real estate development. The JRK organization contains three specialized subsidiaries that further support the company's ownership, acquisition, capitalization, and operational objectives: JRK Residential Group, JRK Hotel Group and JRK Birchmont Advisors. Presently, the company's owned and managed portfolio is located nationwide and consists of over 31,000 multifamily units, four hotels, and 1,885 self storage units.

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