AFM Hospitality Corporation Names New CFO

AFM Hospitality Corporation announced today that it has named Susan McIntosh CFO for AFM
Hospitality Corporation. Since joining AFM in June 2004, Susan has been
responsible for accounting and financial reporting for AFM and its
subsidiaries; directing divisional controllers; integrating new
acquisitions into AFM accounting and reporting; and most importantly
clearing AFM from Issuer defaults related to the late filing of financial
statements. Her other responsibilities have grown to include treasury,
risk management, compliance reporting, and internal audit. “With a solid background in both manufacturing and services industries,
Susan brings more than twenty years public and private accounting in the
lumber, wine, hospitality and cable wiring industries to our growing
company and its new international subsidiaries,” said Lawrence P. Horwitz,
Chairman and CEO, for AFM Hospitality Corporation. “We are pleased to
promote Susan to CFO and look forward to her continuing to raise the level
and quality of our financial reporting.”

Susan resides in Seattle, Washington and will be working from both the
Toronto, Ontario and Seattle, Washington offices.

In an unrelated item, long time member of the AFM Board of Directors,
Terry M. Shaikh, has resigned from the AFM Board Directors following his
resignation from Rushlake Hotels (USA) Inc., a wholly owned subsidiary of
Jivji Holdings B.V., and parent company to Hospitality First Securities
Inc., both shareholders of AFM. AFM previously announced a desire to move
to a board of outside independent and unrelated directors as well as a
smaller board.
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