Organizational Changes

Dear Team,

It gives me great pleasure to announce five very important changes at FHG;

As our company grows, it is imperative that we find ways to recognize the contributions of our long time leaders. We have decided to add the title of Regional Vice President to our organization. Two company icons will be the first elevated. Dan Norzinskay, the legend of the western region will become Regional Vice President of Operations. Rick Marsh, Mr. Sales for the last eleven years, has been named Regional Vice President of Sales. I am sure that you will all join me in congratulating these leaders.

Roger Baker, our Director of Finance for the last two years, will become Chief Financial Officer. Mike Reda has been elevated to the new position of Vice President, Controller. These promotions help us to recognize the contributions of these individuals and the value that our accounting function adds to our management process.

John Callan will be moving from theWit to our new Special Services Division. This new aspect of our management services will focus on the special needs of lenders and investors with troubled hospitality assets. The "SSD" will provide a host of client services, such as receiverships, changes in control, and foreclosure and disposition of hospitality assets. John's background will be a great fit as our first clients include a fine dining restaurant and full service hotel.

Along with our partners at ECD Company and Concentrics, we are extremely pleased to announce the appointment of Mark Shouger to the position of General Manager of theWit, effective Friday, October 16th. Mark's career in management and executive leadership in the Four and Five Diamond segment of hospitality spans over 20 years. Extensive stints with Hyatt hotels and Resorts and Loews Hotels in some of their most significant properties, from both a service and brand standpoint, make Mark uniquely qualified for this key leadership role. Please join us on welcoming Mark to theWit.

Sincerely,

Robert J. Habeeb
President/COO