Press Release Doubletree Charlottesville February 2007

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Press Release Doubletree Charlottesville February 2007 Powered By Docstoc
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Cathy Kruzic or Amy Larson                                   John F. Capone, Jr.
Kruzic Communications, Inc.                                  Senior Vice President
Ph: 303-329-6229                                             Richfield Hospitality                                                                          

                             FOR IMMEDIATE RELEASE

       Richfield Hospitality Announces the Addition of the
                  Doubletree Hotel, Charlottesville, Va.
                                 To Its Portfolio
              Multi-Million Dollar Renovation Underway

March 7, 2007 … Denver, Colo., Denver-based Richfield Hospitality has announced it
will provide management operations for the Doubletree Hotel in Charlottesville, Va.
The Richfield Hospitality team worked with a group of investors, including Long and
Cox Properties, Inc., in the acquisition of this 235-room hotel. The Doubletree marks the
second hotel acquisition deal in the first quarter of 2007 that Richfield has coordinated
for Long and Cox Properties; it is also the second Long and Cox property for which
Richfield has assumed management responsibilities this year. Richfield also partnered
with Long and Cox on the newly renovated 63-unit boutique Hotel Highland @ Five
Points South, in Birmingham, Ala.

       “We are proud to have the opportunity to expand our relationship with not only
Long and Cox Properties, Inc., but with Hilton Hotels and the Doubletree brand as
well,” said Richfield senior vice president, John Capone. “The addition of the
Doubletree Hotel in Charlottesville, is evidence of our owners’ trust and confidence in
the projects Richfield uncovers and the successes that Richfield Hospitality delivers.”

      “Because we already have an established, successful relationship with Richfield
Hospitality; it made absolute sense to partner with them again on our investment in the
Doubletree Hotel in Charlottesville,” said Jeff Long, president, Long and Cox
Properties, Inc.

       The Doubletree Hotel will be undergoing a multi-million dollar renovation as
part of the change of ownership. The renovation project includes upgrades and
refurbishments to all guest rooms, public spaces, guest corridors, restaurant and
lounge, lobby and all 16,000 square feet of meeting space.

        The Doubletree Hotel Charlottesville features 235 guestrooms including seven
suites, the Treetops Restaurant and Jefferson Lounge dining outlets, 20 meeting rooms
totaling more than 16,000 square feet of event space, heated indoor and outdoor
swimming pools with whirlpools and a fitness center.

       The Doubletree Hotel Charlottesville overlooks the Rivanna River in the heart of
Virginia's Blue Ridge Mountains. The hotel is minutes from the
Charlottesville/Albemarle Regional Airport, the University of Virginia, Monticello,
downtown Charlottesville, and the wineries, with easy access to Richmond, Roanoke,
and Washington D.C.

       For more information, current press materials and downloadable photography,
visit or

          Richfield Hospitality, Inc. provides a full complement of successful management services to a broad range
of limited-service, full-service and resort hotels. The company achieves superior operating results through intense
focus of its strong commitment to guests, employees and owners. Through Source, Richfield’s procurement unit,
hotels can achieve significant savings on purchases of operating supplies and FF&E. Hotels can have access to
insurance and on-line risk management services through Richfield’s Risk Management Division. In addition,
Richfield’s sister company, Sceptre, provides global reservations distribution services, channel management and e-
distribution advisory services. For more information on the recent growth of Richfield, and a look at its impressive
portfolio of hotels, please visit

       Richfield is headquartered in Denver with approximately 1,000 employees. The company is part of the City
Development Limited (“CDL”) group. CDL, listed on the Stock Exchange of Singapore, is the largest non-
government real estate company in Southeast Asia with a market capitalization exceeding $2 billion.

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