FOR IMMEDIATE RELEASE

CONTACT:                                                   

Colleen Creagh Rosso                                                       Tom Conran, Vice President

Identity Marketing & Public Relations                              Richfield Hospitality, Inc.

(248) 258-2333                                                                     860-648-9040

crosso@identitypr.com tconran@richfield.com

RICHFIELD HOSPITALITY GAINS ANOTHER MANAGEMENT CONTRACT THROUGH ITS ACQUISITION PROGRAM

            DENVER, September 11, 2008---Aik Hong Tan, President and CEO of Richfield Hospitality, today announced that the company has added the Radisson on John Deere Commons to its management portfolio.  The management contract follows Richfield’s initiative to acquire hotel real estate on behalf of its investment partners.  The Radisson is located on John Deere Commons in Moline, Illinois. 

            Richfield Hospitality identified the property through its market relationships and completed the transaction together with one of the company’s long-standing investment relationships.  After managing the underwriting process, Richfield, on behalf of the investment entity, successfully finalized the acquisition of the property on August 21, 2008. 

            “Given our relationship with the investment partnership we clearly understood the buying group’s investment criteria and overall real estate objectives.  As such, we were successful in matching the opportunity to those objectives,” stated Tan.  

            The 101,000 square-foot hotel features 162 guestrooms, 60,000 square feet of meeting and exhibit space, an onsite TGI Friday’s restaurant and a fitness center with an indoor pool.  The property is ideally located along the Mississippi River and is surrounded by shops, restaurants and the John Deere Pavilion and Collectors Center. 

            “Our relationships in the hospitality industry have yielded a series of strategic acquisitions on behalf of our investment partners.  The fundamentals of the Radisson Moline are outstanding and we are very pleased to be able to add this asset to our managed portfolio,” commented Tan.

Richfield Hospitality, Inc. provides a full complement of successful management services to a broad range of limited-service, full-service and resort hotels. The company achieves superior operating results through intense focus of its strong commitment to guests, employees and owners.  For more information on the recent growth of Richfield, and a look at its impressive portfolio of hotels, please visit www.Richfield.com.  Richfield is headquartered in Denver with approximately 1,000 employees. The company is part of the City Development Limited (“CDL”) group. CDL, listed on the Stock Exchange of Singapore, is the largest non-government real estate company in Southeast Asia with a market capitalization exceeding $9 billion.

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