Denihan Appoints Nadia Karmali as VP of Revenue Management and Michael Shiwdin as VP of Asset Management

USA, New York City, New York. July 19, 2018

Denihan Hospitality
(“Denihan” or the “Company”), a full-service hospitality company
focusing on developing, owning, managing and franchising boutique luxury
and lifestyle hotels, is pleased to announce that experienced industry
professionals Nadia Karmali and Michael Shiwdin are joining the Company
as Vice President of Revenue Management and Vice President of Asset
Management, respectively. Ms. Karmali and Mr. Shiwdin have spent the
majority of their respective careers working for some of the hospitality
industry's largest operators, and are skilled in financial management,
driving revenue and leading teams.

“We are pleased to bolster our leadership team with the appointments
of Nadia and Michael, two individuals who possess deep financial and
operational expertise, from industry-leading hotel operators,” said
Patrick Denihan, Co-Chief Executive Officer of Denihan Hospitality.
“Both have proven themselves to be strong leaders in their respective
practice areas, and we expect their contributions will make immediate
positive impacts on our organization.”

In her role as Vice President of Revenue Management, Ms. Karmali, who
joins Denihan from Marriott/Starwood Hotels and Resorts where she spent
the past 13 years serving in various advanced revenue management
positions, will be responsible for driving revenue, market share and
ongoing yield improvement across all of the Company's flagship brands -
The James, The Surrey, Affinia Hotels & Suites and The Benjamin.
Among her many responsibilities at Starwood, she oversaw strategic
management of guestroom inventory and pricing, driving optimal market
share gains for some of the largest hotels in the country, including the
Sheraton Boston Hotel, Westin Copley Place and the W South Beach. Ms.
Karmali holds a Bachelor of Commerce (BCom) in Finance and Marketing
from McGill University.

In his position at Denihan, Mr. Shiwdin will support the development
team through the maximization of the value of Denihan's assets, analyze
operating performance and execute capital projects. Previously, he was
Vice President of Operations for sbe Entertainment Group, where he
oversaw strategic initiatives and operating performance for the
company's portfolio through collaboration with ownership groups and
internal department teams. Mr. Shiwdin also spent time leading a top
line analytics team with Starwood and at JP Morgan Chase.

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