Rockwood Real Estate Advisors Retained to Market

NEW YORK, May 16, 2012 (BUSINESS WIRE) –
Rockwood Real Estate Advisors, a full service real estate investment
banking firm, announced that it has been retained on an exclusive basis
to sell the Los Angeles Marriott – Burbank Airport and the Renaissance
Denver Hotel.

Located in Burbank, California, the Los Angeles Marriott – Burbank
Airport is a 488-key full-service hotel that underwent a $28.4 million
renovation in 2007. Situated on 11.76 acres adjacent to the Bob Hope
Airport, which had 4.3 million passengers in 2011, the hotel is also
just one block from Yahoo!, Inc., and near Warner Bros. Studios and Walt
Disney Studios.

Located in the Stapleton community of Denver, Colorado, The Renaissance
Denver Hotel is a 400-key full-service hotel that underwent a $19.1
million renovation in 2007. Ten minutes from downtown and 20 minutes
from Denver International Airport, the area is experiencing increased
development and employment growth, and is home to a wide range of
businesses and government offices including the Denver Division of the
Federal Bureau of Investigation and United Airlines’ Flight Training
Facility.

Andrew Kern and David Altobello, Managing Directors of Rockwood, are
representing the seller. Kern commented on the strength of the assets.
“These properties represent an excellent opportunity for hotel
investors. Both are located in top markets, and have strong RevPAR
growth. We are very pleased to market these properties on behalf of our
client.”

About Rockwood Real Estate Advisors

Rockwood is a full-service real estate investment banking firm
headquartered in New York with additional offices throughout the United
States. Formed in 1991, the firm provides a broad range of
research-driven real estate investment banking services and business
solutions to institutional and private investor clients on a national
and global basis. As of May 2011, Rockwood is a wholly owned subsidiary
of CW Financial Services. For more information regarding Rockwood Real
Estate Advisors, please visit its website at
www.rockwoodrea.com .

SOURCE: Rockwood Real Estate Advisors

        
        Rockwood Real Estate Advisors 
        Andrew Kern, 301-255-4785 
        Managing Director 
        akern@rockwoodrea.com 
        or 
        David Altobello, 301-255-4786 
        Managing Director 
        daltobello@rockwoodrea.com
        

Copyright Business Wire 2012