International Hotelier Yaron Ashkenazi Named CEO of Oxygen Hospitality

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Oxygen Hospitality Group, a U.S. hotel real estate investment and management company, today announced Yaron Ashkenazi, an award-winning international hotelier, has been named chief executive officer (CEO). Oxygen Hospitality, a name which means “to breathe in and give life to,” will acquire, renovate and manage a portfolio of branded and independent hotel assets in the Sun Belt and other advantageous U.S. destinations. The Company, which will focus on instilling a values-based European ethos for global business and leisure guest appeal, is headquartered in Phoenix, Arizona.

Ashkenazi, a highly seasoned international hotelier, joins Oxygen Hospitality from GCH Hotel Group in Berlin, Germany, where he most recently served as CEO for the country’s second largest hotel management group. Notably, Ashkenazi managed and repositioned an extensive portfolio of 120 hotels, with 15,000 rooms, in Germany, Belgium and Austria welcoming over 3 million guests annually and employing 3,300 people. Renowned hotel brands under his management included Wyndham, TRYP by Wyndham, Days Inn, Radisson Blu, Best Western, Mercure, Ibis, Crowne Plaza and Holiday Inn. His proven operational and financial excellence resulted in leading the Company to become the largest management company of Wyndham Hotel Group properties in Europe.

In this most recent CEO role, Ashkenazi positioned his group of hotels as a “AAA” in the Treugast Investment Ranking. Numerous projects, innovative ideas and implementation of advanced technology are attributed to his leadership. He positioned the GCH Hotel Group in the market as a professional, independent service provider (B2B) of management services and also caused a sensation in 2016, when his company became the first hotel management company in Europe to have a virtual reality website. He is a frequent speaker at conferences on leadership and operations development within the hospitality industry. Ashkenazi, a native born Israeli, began his 29-year hospitality leadership career in Tel Aviv. He holds a degree from Technion – Israel Institute of Technology in Hotel, Motel and Restaurant Management and a bachelor’s degree from The Hebrew University in Jerusalem.

“The opportunity to use the knowledge and lessons learned from decades within the hospitality industry and become an owner and co-founder is a lifelong aspiration that has come to fruition,” said Ashkenazi. “All guests will get an unforgettable experience across our properties as we will strive to create loyalty among guests, partners and investors.”

Ashkenazi’s vision for the newly formed vertically integrated company, Oxygen Hospitality, is centered on repositioning attractive, value-driven assets into properties where guests are welcomed into an authentic, lifestyle-centered atmosphere filled with local immersion, incredible service and exceptional food. Furthermore, the Company is passionately focused on differentiating itself and disrupting the industry by aggressively infusing technology into real estate for elevated ease, guest experience and operational performance. For information on Oxygen Hospitality, please visit www.oxygenhospitality.com or by calling 1-833-OXYGEN3.

About Oxygen Hospitality Group

Oxygen Hospitality is a real estate investment and management company focused on acquiring, redeveloping and managing a distinctive portfolio of branded and independent hotel assets in the Sun Belt and other advantageous U.S. destinations. The Company partners with registered investment advisors (RIAs) and accredited investors seeking direct investment opportunities in hotels requiring asset redevelopment or operational repositioning for a return to profitability and guest experience excellence. Co-founded by Peter Anadranistakis, Merv Chia and Yaron Ashkenazi, Oxygen Hospitality is headquartered in Phoenix, Arizona. For more information, please visit: http://www.oxygenhospitality.com and follow us on Facebook and LinkedIn.

Note to Investors

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities. Offers to sell or the solicitations of offers to buy securities may only be made through official offering documents that contain important information about risks, fees and expenses. Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

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Business Wire: 16:00 GMT Thursday 17th May 2018

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