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EMG's Foothold in Hospitality Industry Now Nearly $2 Million Stronger

Press Release: EMG
July 9, 2004
HUNT VALLEY, MD -- As the lodging industry recovers from a three-year economic slump, EMG, a nationwide provider of commercial real estate information services, is capitalizing on the steady growth of this sector. Within the first quarter of its business calendar, EMG has been awarded more than $1.8 million in contracts for national hospitality portfolios.

Michael Logsdon, president and CEO of EMG, says that according to the 2004 World Travel & Tourism Council, the hospitality industry's 10-year annualized growth is expected to increase at a rate of 4.5 percent per year. As a result, Logsdon anticipates that EMG will experience an increase in its existing business with hotel chains and financial investors servicing the hospitality sector.

Additionally, Logsdon said, "EMG's information services are an integral part of commercial real estate transactions for property owners and buyers, as well as lenders. At EMG, we have a strong foothold in the hospitality industry, and with the travel and tourism market rebounding, we are seeing more large portfolio acquisitions and refinances."

EMG will execute a variety of environmental, engineering and consultative services for its recent client wins, which total 532 hotel and resort sites throughout the United States. The firm will conduct various combinations of property condition assessments, such as Phase 1 ESAs and seismic risk analyses, for a total of 122,782 units for clients that include:

     -- A publicly traded, worldwide securities firm headquartered in New York
        with more than $200 billion in total assets;
     -- One of the largest privately held timeshare corporations in the
        Southeast region with more than $400 million in annual revenues;
     -- An international real estate investment company headquartered in New
        York that oversees debt and equity investments exceeding $4.5 billion;
     -- A privately owned hotel ownership and management company with
        corporate offices in California, which owns and operates 26 hotels
        nationwide and has a hotel portfolio valued at more than $550 million.

About EMG

Founded in 1986, EMG is a nationwide provider of site and facility assessment services for commercial investors and lenders, government agencies, and academic institutions. Since its inception, the company has assisted in developing protocols that have become industry standards in the assessment and documentation of real estate transactions. EMG's clients include GMAC Commercial Mortgage, Prudential, GE Real Estate, Freddie Mac, JP Morgan Investment Management, Host Marriott, ING, Lehman Brothers, Morgan Stanley, Arlington Public Schools, and the U.S. General Services Administration (GSA), as well as hundreds of lenders, real estate investors and other institutions. As the first-ever provider of its kind to be recognized by the International Organization for Standards (ISO), EMG is currently ISO 9001:2000 certified.

Source: EMG