Valencia Group Promotes Roy A. Kretschmer to EVP Operations

. August 11, 2010

San Antonio, TX - August 10, 2010 - Houston based Valencia Group is proud to announce that Roy A. Kretschmer has been promoted to Executive Vice President- Operations, which includes the Hotel Valencia Riverwalk in San Antonio, Texas, Hotel Valencia Santana Row in San Jose, California and Hotel Sorella CityCentre in Houston, Texas.

Kretschmer joined Valencia Group in 2001 as Hotel Valencia Riverwalk's General Manager. He has over 20 years of experience in luxury and upscale markets. Kretschmer began his career in hospitality with Four Seasons Hotels and Resorts and later worked with Omni Hotels.

“We are extremely proud of Roy's accomplishments,” said Doyle Graham, Jr., President and CEO of Valencia Group. “Valencia Group properties strive for excellence in everything they do, and Roy has played a vital role in our success.” “Roy has been a valuable member of the organization since he first joined Valencia Group in 2001 and now he will play an ever more important role as he oversees the rapidly growing operations of Valencia Group as it continues to take advantage of growth opportunities in the current market.”

For more information on Roy A. Kretschmer and Valencia Group, please call 713-871-0221 or visit www.valenciagroup.com.

About Valencia Group
Valencia Group, a Houston-based company, provides management, development, branding and repositioning services for full-service, independent hotels owned by Valencia as well as third-parties. As with Hotel Valencia Santana Row in San Jose, California, and Hotel Valencia Riverwalk in San Antonio, TX, most Valencia sponsored hotels are set in the cultural heart of each city. Valencia Group hotels fuse globally-inspired modern design with Mediterranean influences, becoming popular destinations for guests and visitors alike. Valencia Group properties also include Hotel Sorella, CityCentre in Houston, Texas. Valencia Group continues to forge its position as a mixed-use anchor with projects where the right balance of residential, restaurant, retail and office coalesce to create full-spectrum accretive value in great urban settings. For more information, please visit www.valenciagroup.com.

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