ROCKVILLE, MD – March 12, 2008 – Avendra, the hospitality industry’s leading procurement services company with $3 billion in purchasing volume, announced the signing of Greystone Hotels of San Francisco, CA.  Greystone will be leveraging Avendra’s key purchasing programs, including: food & beverage, rooms operations, engineering, cleaning chemicals and sanitizing systems, hotel gift shop and retail, smallwares, china, glass and silver, and administrative.  The contract also includes access to Avendra Replenishment Group—Avendra’s one-stop-shop for replacement kitchen equipment and decorative furnishings.

“We look forward to working with Greystone Hotels,” said Dennis Baker, president and CEO of Avendra.  “We are pleased that Greystone chose to partner with us for their nine distinctive properties.  We believe by employing our strategic supply management services they can deliver additional value to their hotels.”

“Personalized service is the cornerstone of Greystone Hotels,” said Joe Toczylowski, CFO of Greystone Hotels.  “We were looking for a flexible procurement solution that would allow us to continue to exceed the service expectations of our guests.  We believe that Avendra will provide the quality and variety of products and services that all our guests expect.”

About Greystone Hotels

Greystone Hotels manages a small collection of distinctive properties that includes hotels, inns and suites along the West Coast of the United States.  The management company takes pride in its focus on service, teambuilding and growth.  Whether the traveler wants to play on the sunny beaches of San Diego, mingle in the entertainment hub of Los Angeles, do business in Silicon Valley or escape to one of its properties in San Francisco, it is Greystone Hotel’s goal to offer the best accommodations and personal services away from home.   In addition to its seven properties along the California Coast, Greystone recently added two Marriott properties in Bend, Oregon.

About Avendra

Avendra is North America’s leading procurement services company serving hospitality-related industries.  Avendra customers gain access to contracts leveraging $3 billion of annual purchases, expert advisory services and in-depth purchasing data and analysis.  Through Avendra, customers obtain substantial savings on their purchases and other value added services to improve their operations and bottom line results.  Formed in 2001, the company is headquartered in Rockville, MD and has regional offices throughout the United States and Canada.  For more information, please call toll free, (866) AVENDRA, visit www.avendra.com, or email inquiries to info@avendra.com.