710 Route 46 East Suite 102 Fairfield NJ 07004 Tel: 973-227-5200 Fax: 973 882-7793

www.HospitalityCPM.com

Hospitality CPM is a construction project management firm specializing in asset management of hotel renovations, repositioning and new construction projects.

Based in northern New Jersey, principals have managed over $1.5B of hotel capital projects. Our talented professionals are recognized for completing projects in a timely manner, within budgeted costs and providing an efficient transition to the hotel operating team.

Hospitality CPM Provides Comprehensive Project Management and Owner Representation

for Hotel Renovation Projects and New Construction

Team Leadership for the Key Participants in the Process, including the Contractor, Designer, Procurement and Property Management

Coordination with Lender and Franchisor

On-Site Monitoring of Construction Progress, Funds Disbursement and Capital Expenditure

Representation for Projects Ranging in Size from $500K to Over $100M

Customized Services to Meet Client Needs

Construction Asset Project Management

Franchisor

Civil Engineer

Contractor FF&E Procurement

Interior Designer

Architect

Owner/Manager

Hospitality CPM

Services Capital Improvements/PIP Renovations

Physical Plant Analysis Concept Design Franchisor PIP Negotiation Project Cost Budgeting Pre-Construction Planning and Coordination

Interior Design Architecture Purchasing Construction Hotel Management Owner Directed Sub-Contractors

Construction / Renovation Monitoring Scheduling Project Accounting and Fund Disbursement Prepare Punchlist and Monitor Construction Completion Coordinate Construction Transition with Hotel Management Team

Services Asset Management/Consulting

Concept Review Franchise Negotiation Review Project Budget Construction Project Manager Oversight Monitor Budgets and Funds Disbursement Manage and Evaluate Change Requests Quality Control Review Monitor Lien Waivers and Contractor Insurance Review Close – Out Documentation

Services New Construction

Franchise Recommendations New Development Site Selection Review Design, Contractor, Purchasing Recommendation and Negotiation Method and Means Determination Construction Document Review Preconstruction Coordination Schedule Analysis Payment Review Evaluate Changes and Budget Adjustment Closeout Documentation Quality Control Monitoring

Services Purchasing

Product Recommendations Negotiate with Vendors Prepare Purchase Orders Coordinate Liquidation of Existing Inventory Coordinate Warehousing and Distribution Monitor Installation Monitor Quality Control

Success Stories Sheraton Maitland, Florida

Goals:Total interior and exterior renovation of an independent 390-room hotel with 15,000 sf meeting space.Convert and reposition into a first-class Sheraton Hotel.

Services Provided:BudgetingFranchise design coordinationRecommendation and Coordination - architect, interior designer, engineering and contractorsConstruction monitoringProject accounting services Lender coordinationPurchasing

Results:Hotel was closed and re-opened twelve months later.Hotel was completed on time and within budgeted cost.

Success Stories Radisson Largo, Maryland

Goals:Total interior and exterior renovation of a 184-room Doubletree Club Hotel with 4,500 sf of meeting space into a Radisson Hotel. Maintain hotel operations and profitability during the renovation period.

Services Provided:BudgetingFranchise design coordinationRecommendation and Coordination - architect, interior designer, engineering and contractorsConstruction monitoringProject accounting servicesLender coordinationPurchasing

Results:Renovations completed in seven months, two months ahead of schedule and underbudget by 8%.Hotel remained open throughout the renovation and was profitable.Hotel received the 2006 Renovation of the Year Award from Radisson.

Success Stories Radisson Jacksonville, Florida

Goals:Total interior and exterior renovation of a 167-room independent hotel. Convert and repostion the property into a first-class Radisson Hotel.

Services Provided:BudgetingFranchise design coordinationRecommendation and Coordination - architect, interior designer, engineering and contractors Construction monitoring Project accounting servicesLender coordinationPurchasing

Results:Renovations completed in six months while hotel was closed.Hotel completed one month early and under budget by 5%.Hotel received the 2005 Renovation of the Year Award from Radisson.

Success Stories Fairfield Inn, 19 Locations

Goals:Convert 19 independent hotels ranging from 100 to 155 rooms into Fairfield Inns by Marriott Satisfy Marriott’s Product Improvement Plan (PIP) requirements

Service Provided:BudgetingFranchise design coordinationRecommendation and Coordination - architect,

interior designer, engineering and contractorsConstruction monitoringProject accounting services Purchasing coordinationLender coordination

Results:Each location was completed in 3½ months while hotels stayed open for business.Satified all brand requirements.The ownership received Marriotts 2001 CFSRT Award for Best Conversion of the Year.

Success Stories Hampton Inn Concord, New Hampshire

Goals:Interior renovation of a 145-room Hampton Inn with 2,500 sf meeting space. Satisfy Hilton’s Product Improvement Plan (PIP)

Services Provided:BudgetingFranchise design coordination Recommendation and Coordination - architect, interior designer, engineering and contractorsConstruction monitoringProject accounting services Purchasing

Results:Renovation completed in four months while hotel remained open and profitable. Satisfield all brand requirements.

Success Stories Hampton Inn Rocky Hill, Connecticut

Goals:Convert 100-room independent hotel into a Hampton Inn Satisfy Hilton’s Product Improvement Plan (PIP)

Services Provided:BudgetingFranchise design coordination Recommendation and Coordination - architect, interior designer, engineering and contractorsConstruction monitoring Project accounting services Purchasing

Results:Renovation completed in three months while hotel was closed.Hotel completed one month early and under budget by 10%.Satisfield all brand requirements.

Success Stories Residence Inn Princeton, New Jersey

Goals:Development of a four-story 120-room extended stay hotel with 1,500 sf of meeting space in a market area with high barriers to entry.

Service Provided:Franchisor selection and negotiationBudgetingFranchise design coordinationRecommendation and Coordination - architect, interior designer, engineering and contractorsConstruction method and means determinationConstruction monitoringPurchasing

Results:Hotel was completed within budgeted cost in a difficult northeast locale. Completion resulted in minimal punch list items.

Past Achievements Managed corporate construction of the AmeriSuites brand nationwide,

encompassing over 100 new hotels. Managed corporate construction of the Homegate brand nationwide,

encompassing over 25 new hotels. Supervised Prime Hospitality Corp’s capital improvement program

averaging $50 million annually. Major rebuild of the 501-room Marriott Frenchmen's Reef Hotel USVI after

significant hurricane damage. Managed conversion of Sheraton Hasbrouck Heights, NJ to a Hilton Hotel. Managed PIP renovations of:

Crown Plaza Lake Oswego, OR Crown Plaza Lake Las Vegas, NV Holiday Inn Jamesburg, NJ Wellesley Inn brand, Nationwide Sheraton Saratoga Springs, NY

Senior ManagementStephen SiegelPrincipal

Stephen is responsible for managing all renovation and construction projects. His vast experience and success in construction project management of existing hotels and new development projects led to the formation of Hospitality CPM. Stephen’s hands on experience in managing projects are comprehensive; from the early planning stage to final completion. As Senior Vice President for Paramount Hotel Group, Stephen was credited with awards from various franchisors for the renovation projects he managed. As Vice President - Construction for Prime Hospitality Corp, Stephen was responsible for over $1.0B in new hotel construction and managing capital improvement for Prime's portfolio of over 200 hotels. He is a proven professional in the areas of design, engineering, contractor negotiation and project management for renovation projects and new construction. Stephen earned both a Bachelors and a Masters Degree in Construction Management from the University of Florida.

Why UseWhy Use USUS

Specialists in Hospitality Construction Management With Over 25 Years of Successful Projects

Providing an Owner with Total Representation, Overseeing the Complexities of Hospitality Capital Improvements

Experience With All Major Lodging Brands

710 Route 46 East Suite 102 Fairfield New Jersey 07004 Tel: 973- 227-5200 Fax: 973-882-7793

www.HospitalityCPM.com