Capital Hotel Management Announces New Division: CHM Government Services

BEVERLY, Mass.--(Business Wire)--
Capital Hotel Management (CHM), a leading hospitality investment
and asset management firm, today announces the launch of CHM
Government Services, a new division created to provide government and
public agencies and their partners with creative and effective
business-based solutions to a wide-range of issues surrounding the
ownership and operation of hospitality and recreational assets.

CHM Government Services recognizes the important role that
government and public agencies along with their partners have in
meeting the needs of visitors to public lands. These natural, cultural
and historic destinations often include a variety of hospitality and
recreational assets, such as hotels, restaurants, marinas, golf
courses, campgrounds, ski areas, beaches, trails and retail
operations. Given the complexity of the issues surrounding these
assets, including public ownership and regulatory structure,
third-party management and maintaining a balance between visitor use
and resource preservation, government and public agencies have very
specialized needs and require assistance as they continue to offer and
oversee these operations.

"We were fortunate to have the opportunity to expand our practice
to include a highly-specialized team of hospitality professionals who
have dedicated their careers to advising state, federal and
international land management agencies and their partners on a
wide-range of visitor-based assets" said Ken Wilson, CEO of CHM.

The CHM Government Services core team includes Geoff Baekey,
Margaret Bailey, Larry Trabulsi, Susan Mann and Carey Stavrevski, and
are supported by their CHM colleagues located across six offices
throughout the U.S. This cohesive team, formerly working together as
part of PricewaterhouseCooper's Washington Federal Practice, has a
proven track record in serving the business advisory needs of public
agencies, including the National Park Service, U.S. Forest Service and
numerous state parks.

"Having worked closely with the principals of CHM for more than a
decade, including collaboration on several past projects, we knew
there were many synergies between our two groups. Joining forces only
serves to strengthen the team, the depth of experience and services we
can now offer clients" said Baekey, senior vice president, CHM.

The public sector faces many of the same challenges as the private
sector, particularly in the areas of ownership, management and
operation of hospitality and recreation assets. Analyzing operations
and developing solutions for publicly-owned assets pose additional
challenges as government agencies and public entities must often
balance recreational needs with natural resource management
objectives. The CHM Government Services team understands the unique
challenges of public operating environments and has provided operation
and investment strategies that help preserve, protect and enhance
numerous assets at local, state and national destinations, including
such iconic sites as Yellowstone National Park, Statue of Liberty and
Grand Teton National Park.

"Having expanded resources available to focus on adapting private
sector best practices will certainly strengthen our ability and
effectiveness in advising public agencies and their partners who have
the responsibility for overseeing visitor services in natural,
cultural and historical environments. We are excited to continue to
work in partnership with our public clients and their partners,
offering them the level of expertise on which they have historically
relied with an expanded depth of resources and innovative strategies
to draw from in addressing their needs", concluded Bailey, Senior Vice
President, CHM Government Services.

About CHM Government Services

CHM Government Services, a division of Capital Hotel Management,
is dedicated to assisting government and public agencies, and their
partners, with complex issues surrounding the ownership and operation
of hospitality and recreation assets. CHM Government Services has
assisted with developing market, financial, concession and investment
strategies for over 20 National Park units including destinations such
as Yellowstone National Park, Statue of Liberty, Grand Canyon National
Park, Mesa Verde National Park, Glen Canyon National Recreation Area
and Grand Teton National Park. CHM professionals have also worked
closely with the U.S. Forest Service on the development of strategies
for recreation fees and pricing; facility, trail and national
reservation system development; as well as assisted the Department of
Defense, Morale, Welfare and Recreation branch and several state park
agencies throughout the U.S.. For more information on CHM Government
Services contact Margaret Bailey at mbailey@chmgov.com or (978)
232-3608.

About Capital Hotel Management

Capital Hotel Management (CHM) is the largest independent
hospitality asset management and investment advisory company operating
in the U.S. today, providing a full-range of acquisition and
disposition expertise for its investors and customized strategies
proven to optimize asset value and increase overall investment
returns. CHM actively oversees a $5 billion hotel portfolio
representing more than 11,500 guestrooms operating in major markets
across the U.S., in Hawaii and Aruba. CHM has overseen hotel
investments including urban landmark properties, high-profile
destination resorts and convention center headquarter hotels,
featuring such brands as Hilton, Hyatt, Luxury Collection, Marriott,
Renaissance, Ritz-Carlton, Sheraton, W and Westin. For more
information about CHM, visit chmhotel.com or call (978) 522-7000.

Media Inquiries for CHM
Kristie Dickinson, 978-522-7002

Copyright Business Wire 2008