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Hostmark Hospitality Group selected to manage the Holiday Inn North Shore in Skokie, IL

05/27/2004

2004-05/27/2004-Hostmark Hospitality Group selected to manage the Holiday Inn North Shore in Skokie, IL

Schaumburg, IL, May 27, 2004 – Hostmark Hospitality Group has been selected to manage the Holiday Inn North Shore in Skokie, IL. In addition to daily management functions of the property, Hostmark will collaborate with ownership, Lakhani Hospitality Inc., on a multi- million dollar strategic upgrade to the property’s physical and operational position.

“The Holiday Inn North Shore currently enjoys a strong market position and national reputation,” said Robert Cataldo, President and COO of Hostmark. “We are very excited to have the opportunity to help shape the future of such a remarkable property.”

“Selecting Hostmark for our hotel was a critical step towards our continued success,” said Rehman Valliana, VP of Operations, Lakhani Hospitality Inc. “After many years of financial success in the food and retail industries, we were seeking an experienced management firm to assist in our first venture into the lodging business. After an extensive search, we felt that Hostmark would best represent the service and operational experience that is required for our hotel.”

The Holiday Inn North Shore is ideally located just 12 miles from downtown Chicago, 10 miles from O'Hare International Airport, and just minutes from many other exciting attractions such as Wrigley Field and Northwestern University. The property features 249 rooms and over 7,000 sq ft of meeting space. The Holiday Inn North Shore also features full service dining options, wireless Internet in the public areas and select guest rooms and an indoor pool and recreation area.

Hostmark Hospitality Group (www.hostmark.com) is a leading hospitality management firm operating hotels and resorts worldwide. Hostmark represents numerous independent hotel and resort properties and a wide range of franchises including Marriott, Hilton, Omni, and Crowne Plaza. Headquartered in Schaumburg, IL, Hostmark has regional offices in Orlando, FL., Burlingame, CA, and Cairo, Egypt.

Contact:
Tim Pigsley
847.517.9090 x226
tpigsley@hostmark.com

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