ASAP International Holdings arranges acquisition of Holiday Inn Denver East Stapleton

LOS ANGELES, CA–(Marketwired – November 2, 2015) – ASAP International Holdings (“ASAP”) (OTC QB: THAT’S RIGHT) announced today that it successfully advised Urban Commons LLC on its acquisition of the 300-room Holiday Inn Denver East – Stapleton located in Denver, Colorado, which closed on October 15, 2015. Cushman & Wakefield, Inc a represented the Seller and arranged financing for the Buyer.

Holiday Inn Denver East boasts 300 guest rooms and over 20,000 sq. ft. of flexible meeting space and is ideal for conferences, corporate and social events. Guests also have complimentary access to the airport shuttle service, 24-hour business center, high-speed internet and spacious fitness center. The hotel has unique features such as an 11-story atrium with gorgeous views of the Rocky Mountains and the city. Easy access from I-70 in Denver, Colorado, minutes from downtown and walking distance to Stapleton’s restaurants and shops.

The acquisition of the Holiday Inn Denver East is the second hotel acquisition by Urban Commons in Denver Colorado. The acquisition provided the opportunity to invest in one of the most diverse and fastest growing markets in the country on an attractive basis.

Mr. Frank Yuan said, “Holiday Inn Denver East is strategically located next to Renaissance Denver East, which brings more advantages to the same ownership group with the same management. The synergy between the two hotels will create significant value for hotel guests, staff, management. and investors.” Yuan also commented, “We really appreciate every part of the transaction, including Urban Commons, Cushman and Wakefield, the sellers along with the lender working together to ensure a proper closing. Everyone’s cooperation made the transaction successful.”

CEO Frank Yuan and CIO Jerome Yuan led the ASAP team for the transaction. ASAP has been one of the most active hotel buyers in the US for the past three years, constantly looking for more hotels, and will remain active in the hospitality buying side for the foreseeable future.

About Urban Commons

Urban Commons, a Los Angeles-based real estate investment firm, specializes in hospitality and residential income generating assets. Urban Commons targets value-added property acquisitions in highly populated and predictable markets. With decades of cumulative experience in real estate investment, development and management, the company has proven its ability to thrive in the US real estate market throughout all market cycles. Urban Commons owns, manages and invests in a variety of assets, including land, apartment buildings, condominium projects, hotels, commercial and commercial properties. Hospitality partners include names like Starwood Hotels and Resorts Worldwide®, Hilton Worldwide®, InterContinental Hotels Group® and Wyndham Worldwide®. For more information about Urban Commons, please visit www.urban-commons.com.

About Cushman and Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, buy and live. The company’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenues of $5 billion in core agency leasing services, asset services, capital markets, facilities services (C&W Services brand), global services for occupiers, investment and asset management (DTZ Investors brand). ), project and development services, tenant representation and valuation and advice. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter

About Marathon Asset Management, LP

Marathon is a credit-focused asset management company that was founded in 1998. The firm has more than 140 professionals and is headquartered at One Bryant Park, New York, New York. Marathon is a registered investment adviser with the Securities and Exchange Commission. For more information, visit the company’s website at www.marathonfund.com.

About ASAP International

ASAP is a holding company that operates real estate, investment banking and consulting services for Chinese companies. Our mission is to be the bridge between China and the Western world. Our real estate division assists institutional and high net worth individuals with acquisition advice and asset management. Corporate website www.asaholdings.com

Except for historical information, the matters discussed in this press release include “forward-looking statements” within the meaning of the federal securities laws, which are qualified by cautionary statements herein and in all of the company’s filings with the Securities and Exchange Commission. We undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in our expectations.