QUORUM HOTELS & RESORTS
·Lender foreclosed on $38 million note in 2010 and engaged Quorum to assume management

·Quorum converted Marriott from operator to franchise only

·Property went from -$482k in 2010 to +$3.8M in 2013

·Quorum planned and supervised an ~$9M renovation

·Quorum was awarded Renovation of the Year in 2012 by Marriott

·From 2011-2013, Quorum grew RevPAR by 20% annually 
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Quorum has consistently exceeded our expectations over the years, particularly ...
- David Brown - President & CEO - Somera Capital Management, LLC