Avendra Renews Contracts with Founding Partners

Avendra announced today that it renewed contracts with its five founding
customer partners, ClubCorp USA, Inc., Fairmont Hotels & Resorts, Hyatt
Hotels Corporation, Intercontinental Hotels Group, and Marriott
International through early 2007. The renewed agreements provide a strong
endorsement of Avendra and validate the original premise of the venture—
to add value to Avendra customers` properties. The five customers
represent over $1.3 billion in purchases through Avendra`s programs.

“When we opened our doors for business in early 2001, our founder
customers were making a leap of faith. We believed that our business model
—combining the buying power of our five founders with the product and
purchasing expertise of Avendra`s staff to offer lower prices and high
value services—would work,” said Dennis Baker, president and CEO of
Avendra LLC. “Today, with our founder contract renewals in hand, healthy
financial statements, and a growing list of new customers, there is ample
evidence that Avendra is succeeding.”

“In today`s tough operating environment, more than ever, hospitality
companies want savings,” said Robert J. McCarthy, Executive Vice
President, North American Lodging Operations, Marriott International. “By
using Avendra suppliers, Marriott managed properties have been able to
derive significant value—most studies show savings of 5-15%.”

“We continue to be impressed with the responsiveness of Avendra to help us
take full advantage of the savings opportunities available to us through
their programs,” said Chuck Floyd, Executive Vice President, Hyatt Hotels
Corporation. “This past year Avendra added Field Support people who work
directly with our properties to make sure they know about new suppliers
and buy the right items from the right manufacturers.”

“Avendra represents a comprehensive, integrated and balanced solution for
our procurement,” said Jerry Patava, Executive Vice President and CFO,
Fairmont Hotels & Resorts. “With Avendra, Fairmont can provide substantial
value for our stakeholders while maintaining the highest quality.”

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In addition to driving value to these founding customers, Avendra has been
building momentum by doing the same with other customers. “Over the past
two years, we have substantially grown our customer base,” added Baker.
“Today, almost 25 percent of our revenues come from customers other than
our founder customers.”
Beyond savings, Avendra applies its expertise and resources to offer
customers additional services in which most customers cannot afford to
invest themselves, such as extensive quality assurance programs,
spend/participation reporting and financial audit services. Avendra has
purchasing programs covering a wide variety of categories-food and
beverage, uniforms, linens, soaps and shampoos, office supplies,
engineering and janitorial supplies and services, kitchen equipment, golf
pro shop and golf course maintenance.

About Avendra
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AVENDRA LLC is the leader in professional procurement services for the
hospitality and club market with nearly $2 billion in annual purchases.
The Company was founded in 2001 with five founder customer partners,
ClubCorp USA, Inc., Fairmont Hotels & Resorts, Hyatt Hotels Corporation,
InterContinental Hotels Group, and Marriott International. Avendra creates
purchasing programs that offer its customers the right product or service
at highly competitive prices. 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
http://www.avendra.com/.

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