SALISBURY, MD., May 15, 2007—

Marshall Management, a leading, mid-sized hotel management company, today announced that it has expanded its management portfolio with four hotels currently under construction. The hotels include two properties in Baltimore, a 130-room Indigo Hotel and a 100-suite Staybridge Suites; a 126- suite Summerfield by Hyatt in Norfolk, Va., and a 126-room, ocean-front Hampton Inn in Virginia, Va.

* Hotel Indigo, located at 207 East Redwood Street, will convert the historic Keyser Building into Baltimore's first of the recently introduced boutique hotel brand by InterContinental Hotels Group. The hotel is scheduled to open during the second quarter of 2008.
* The Staybridge property will convert the historic Jefferson Building, one of Baltimore's oldest office buildings, into the city's newest extended-stay, all-suite hotel with a planned 2007 fourth quarter opening.
* The Summerfield Suites by Hyatt-Fort Norfolk, currently under development, will be part of a multi-purpose complex that also includes retail space and medical offices. It will feature contemporary suites with a 32" flat panel high-definition TV, the Hyatt Grand Bed(tm) and a full kitchen. It is expected to open in 2008.
* The Hampton Inn Oceanfront will be located between 10th and 11th streets in Virginia Beach and will open in 2008. It will be the city's first Hampton on the beach.

Marshall Management will oversee all pre-opening activities and will consult on the construction of each hotel. "With the industry beginning to soften slightly and new hotel construction on the rise, pre-opening management will be more critical than ever," said Mike Marshall, president and CEO of Marshall Management. "A strategic pre-opening plan can help a hotel ramp up as much as 50 percent faster than waiting until the 60 or so days typical of many companies."

Marshall noted that the Hotel Indigo, Staybridge Suites and Hyatt Summerfield Suites, all relatively new brands, will be the first in the company's management portfolio. "We have managed more than 30 mid-market and upscale brands in our 27 year-history and look forward to bringing our proprietary systems to these emerging brands," he said.

"We are seeing a great deal of activity across the country and expect a record year of growth in management contracts in 2007," Marshall said. "There are a significant number of owners who are seeing top-line revenue growth, but are not seeing corresponding growth in the bottom line. As a result, a significant number of owners are seeking management companies that produce higher margins and profitability, especially as they anticipate a slowing in the economy.

Salisbury, Md.-based Marshall Management, founded in 1980, has special expertise in operating three- and four-star branded hotels and resorts, averaging 100 to 400 rooms, in urban and central business districts, suburban/drive-to and resort locations. In addition, the company has a proven track record managing independent resort and unique urban properties. The company has managed a wide array of leading hotel brands, including Hilton, Starwood, InterContinental Hotel Group, Hyatt, Choice and Wyndham. Additional information about Marshall Management may be found at the company's Web site: www.marshallhotels.com.