Generation Honored By InterContinental Hotels Group

Contact : Kevin Famiglietta, The Generation Companies (919.361.9000)

November 13, 2009

(RESEARCH TRIANGLE PARK, NC) The Generation Companies, LLC (Generation), a Research Triangle Park, North Carolina-based real estate developer, owner, asset manager and operator of extended-stay hotels, will be honored with two prestigious international awards at the IHG (InterContinental Hotels Group) Americas Investor Conference in Washington, DC this month. The Generation property Staybridge Suites-Jacksonville, Florida, a 120-suite upscale extended-stay hotel, will receive the Newcomer Award, recognizing exceptional quality and guest service scores in the Staybridge brand. The hotel also won the much-coveted Priority Club Members Choice Award, making them #1 in the Staybridge Suites brand in overall satisfaction according to Priority Club members. Approximately 150 hotels competed for these honors.

“The team in Jacksonville has worked incredibly hard and smart to achieve these awards,” said Ron Jacobsen, Generation VP of Operations. “They have a great leader in General Manager Rolf Holte and they love serving their guests. We are proud of this team and their achievements. Priority Club guests are very discerning and well-traveled, so being recognized as a top hotel by this group is truly a great honor.” General Manager Rolf Holte agrees that a good team is the key to success. "Winning both the Newcomers Award and the Priority Club Choice Award is a testament to the dedication that each and every team member has to ensuring wonderful guest experiences." Generation’s Candlewood Suites-Raleigh/Crabtree and Candlewood Suites-Richmond were selected out of a field of 225 hotels to win awards for Quality Excellence at the November Conference, which draws as many as 4000 IHG owners, general managers and potential investors.

InterContinental Hotels Group (IHG), the world’s largest hotel group by room count with more than 180 million stays in 600,000 rooms across 100 countries a year, includes Staybridge Suites, Candlewood Suites, Holiday Inn Hotels and Resorts, Holiday Inn Express, Crowne Plaza Hotels and Resorts, InterContinental Hotels & Resorts and Hotel Indigo. Fifteen of Generation’s 26 properties are part of the IHG system. The annual investor conference recognizes award-winners and updates attendees on impending developments for the brands, including new prototypes, amenities and features.

The Generation Companies is a Research Triangle Park, North Carolina-based real estate developer, asset manager and operator of extended-stay hotels in North Carolina, Virginia, Florida, Georgia, Kentucky, Texas, Arkansas, Kansas and Tennessee. Generation has more than $200 million in hotel assets under management comprising over 2800 rooms and employs more than 300 team members at 26 properties with more hotels coming soon. Generation is actively seeking new acquisition, management and development opportunities in the extended stay segment.

For more about Generation, visit www.generationcompanies.com.