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JJ Doran appointed Director of Sales & Marketing

MaMaison Hotels & Apartments, a brand of ORCO Property Group, today announced the appointment of JJ Doran as Director of Sales and Marketing. This appointment is effective immediately.

Prior to joining MaMaison Hotels & Apartments, Mr. Doran was based in New York as Director of International Business Development for Marriott New York City Hotels. Prior to that, he spent over 14 years in various sales, marketing and management roles at a number of leading hospitality operations across the United States, the UK and France, such as: Preferred Hotels & Resorts, SYNERGI Global Travel Management, Thomas Cook Group Ltd, and Woodside Travel Management.

As Director of International Business Development at Marriott New York City Hotels, Mr Doran was responsible for executing marketing/sales plans promoting business to NYC Marriott in the EAME (European, African & Middle Eastern) region. He had a prime focus on the UK, France, Germany, Scandinavia and Russia in the FIT (Frequent Independent Traveler), MICE (Meetings, Incentives, Conferences and Events) and BT (Business Traveler) sectors. As well as representing Marriott NYC at key international trade shows, Mr. Doran was also responsible for increasing sales substantially from key source markets as well as delivering significant results from secondary and emerging markets.

“Great things are happening in MaMaison Hotels & Apartments, as well as ORCO Property Group. In previous positions where Europe was a focus, I have had the opportunity to observe significant growth taking place in Central and Eastern Europe, both in terms of the hospitality sector and general economic indicators. Based in Prague, the heart of New Europe, I am committed to developing the MaMaison brand, so that it becomes truly synonymous with global standards of excellence. I look forward to working together with the current MaMaison team in realising this vision, and cementing MaMaison as the leading hospitality operator in the region.”

JJ Doran, Director of Sales and Marketing, MaMaison Hotels & Apartments

Mr. Doran, of US and Irish nationality, holds an MBA with a marketing concentration from INSEAD, Fontainebleau - France.

ENDS

Notes for editors:

MaMaison Hotels & Apartments is a brand of ORCO Property Group, operating all hospitality products. These products are the most luxurious of their kind and excel in design originality and high levels of service. Some MaMaison Hotels & Apartments properties belong to the very prestigious group, Small Luxury Hotels of the World, Hotels & Preference and Warwick International Hotels. MaMaison Hotels & Apartments is a new brand, established by the union of two hospitality divisions, MaMaison Residences and ORCO Hotels Collection. This brand currently operates the following properties in Central Europe:

Prague (Czech Republic):

- MaMaison Pachtuv Palace (www.pachtuvpalace.com)

- MaMaison Riverside Hotel (www.riversideprague.com)

- MaMaison Residence Belgicka (www.residence-belgicka.com)

Ostrava (Czech Republic):

- MaMaison Imperial Hotel (www.imperial.cz)

Bratislava (Slovakia):

- MaMaison Residence Sulekova (www.residence-sulekova.com)

Warsaw (Poland):

- MaMasion Le Regina (www.leregina.com)

- MaMaison Residence Diana (www.residencediana.com)

Bielsko-Biala (Poland)

- MaMaison Parkhotel Vienna (www.vienna.pl)

Budapest (Hungary):

- MaMaison Andrassy Hotel (www.andrassyhotel.com)

- MaMaison Residence Izabella (www.residence-izabella.com)

Moscow (Russia):

- MaMaison Pokrovka Suite Hotel (www.pokrovka-moscow.com). Opening – 21st August 2007.

Orco Property Group is a leading investor, developer and asset manager in the Central European real estate and hospitality market, currently managing assets of 1.31 billion EUR, as valued at 31/12/2006. Operating in Central Europe since 1991, Orco is a public company listed on the Euronext in Paris and on the Prague, Warsaw and Budapest Stock Exchanges. Orco Property Group’s portfolio includes, IPB Real, MaMaison Hotels & Apartments, Viterra Development, Gewerbesiedlungs-Gesellschaft mbH (GSG), Orco Real Estate, and other retail properties. Orco Property Group operates in a number of countries including, mainly, the Czech Republic, Hungary, Poland, Russia, Croatia, Germany and Slovakia. Orco Property Group is continually analyzing investment into new territories.

Orco Property Group is also sponsor and manager of the Endurance Real Estate Fund for Central Europe, a Luxembourg–regulated, closed–end and umbrella fund with several sub-funds focused on real estate acquisitions on office and retail, residential and hospitality markets. The total subscribed capital of the first Office sub-fund represents EUR 150 million and it currently manages assets of approx. EUR 240 million. Estimated total value of the Fund’s portfolio after investment of full subscribed capital is app. EUR 500 million. The Endurance Fund is dedicated to institutional investors and focuses on acquisitions in Central European real estate markets. The second Residential sub-fund started its activities in October 2006. Its current subscribed capital amounts to EUR 100 million, the target being EUR 150-200 million. Hospitality sub-fund and Office A-class sub-fund are currently starting the subscriptions. For further information, please visit www.orcogroup.com

For further information, please, contact:

Darina Miklovicova, Best Communications , darina.miklovicova@bestcg.com, tel: +420 257 532 030

Brendan Donnellan, Best Communications, brendan.donnellan@bestcg.com tel: +420 257 532 030