C&W Hospitality recruits Stephen Richardson as EMEA head of hospitality valuations

20 May, 2008, London

Cushman & Wakefield Hospitality is pleased to announce the appointment of Stephen Richardson as EMEA Head of Hospitality Valuations. Stephen is one of the industry’s leading authorities in hotel valuations and joins us from Atisreal where he has been Head of Hotels, London, for nearly 30 years. He has an extensive knowledge of the sector having acted for a number of major hotel operators and owners, health and fitness operators, as well as casinos and theatres.

Some of his key achievements have included leading his valuation team in advising a global bank on the circa £1billion acquisition of 47 UK Marriott hotels and valuation advice to Middle Eastern investors on the purchase of the Marriott Park Lane. Stephen has also advised Le Meridien, Starwood Hotels & Resorts, Hyatt International, leading UK casino operators and major clearing banks throughout his career.

Nick Pattie, Managing Director of Cushman & Wakefield Hospitality, EMEA says: ‘We are delighted to welcome Stephen to the team. Stephen’s appointment cements our position as a market leading hospitality valuations service. He will be focusing on co-ordinating the existing valuations team and bolstering the team’s pan-European portfolio of valuation work..’’

Ends

For further information, please contact:

Laura Booth

Marketing

Cushman & Wakefield Hospitality

Tel: + 44 20 7152 5762 / + 44 7793 808 762

Notes to Editors:

Cushman & Wakefield Hospitality EMEA team consists of over 30 staff based in London, Budapest, Istanbul, Lisbon, Madrid, Milan, Moscow and Prague. They are currently instructed on over 50 key instructions throughout EMEA, have valued over €3 billion in hotel assets since 2007 and are conducting operator selection on over 10,500 hotel rooms. The team are acting on major development projects Bulgaria, Cape Verde, Dubai, Montenegro, Morocco, Mozambique, Portugal, Russia and the UK. C&W Hospitality EMEA provides development consultancy advice, valuations, operator selection, investment advisory and agency for the hotel and leisure sectors. They are supported by hospitality teams in Asia Pacific and the United States which means C&W Hospitality can provide clients with an integrated cross border service from over 80 dedicated hospitality professionals. To find out more about Cushman & Wakefield Hospitality, see www.cushmanwakefieldhospitality.com

Cushman & Wakefield is the world's largest privately held commercial real estate services firm. Founded in 1917, it has 221 offices in 58 countries and more than 15,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within four primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, valuation services, investment banking, debt and equity financing; Client Solutions, including integrated real estate strategies for large corporations and property owners, and Consulting Services, including business and real estate consulting. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com.

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