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Press Release - July 28, 2008




WHITE LODGING AWARDED THREE HOTEL MANAGEMENT CONTRACTS FROM RLJ DEVELOPMENT, LLC

MERRILLVILLE, IN (July 29, 2008) – White Lodging, one of the fastest growing independent ownership, development and management companies in the country, has been awarded management contracts for Hyatt Summerfield Suites® Austin/Arboretum and Hyatt Summerfield Suites Houston/Galleria district both in Texas as well as Hyatt Summerfield Suites Colorado Springs, Colorado.

As a leading hotel management company of full and select service hotels, the addition of these three contracts brings White Lodging’s management portfolio to 135 properties nationwide. These are the first Hyatt Summerfield Suites hotels managed by the company.

Privately held RLJ Development, LLC – controlled by Robert L. Johnson, founder of BET and owner of the NBA Charlotte Bobcats – owns all three hotels. RLJ Development acquired 100 hotels from White Lodging in 2006 and its affiliates; a deal that was estimated at approximately $1.7 billion.

“We value our partnership with RLJ and recognize that being awarded these management contracts reinforce our long-term mission and energizes our team to succeed,” says Dave Sibley, President and CEO of White Lodging’s Hospitality Management Division. “We have worked hard to develop a culture of success based on performance and believe that we should succeed only when our owners succeed. The addition of a new, highly-regarded brand like Hyatt Summerfield Suites and continued partnership with RLJ Development is incredibly exciting for us.”

Hyatt Summerfield Suites hotels offer a mix of spacious studio, one-bedroom and two-bedroom guest suites focused on comfort and style. Every guest suite features a full kitchen, living area with a 32-inch flat-panel, high definition television and a separate bedroom. An oversized desk and ergonomic chair, vibrant artwork and warm lighting complete the comfortable atmosphere.

The public spaces are designed to provide the comfort and sociability of a neighborhood. There is a lounge area with den-style seating, as well as larger spaces for groups of all sizes. Here, guests will find the enhanced complimentary full breakfast buffet, offered daily, as well as an Evening Social, which takes place nightly Monday through Thursday. The 24-hour Guest Market offers a variety of easy-to-prepare items, and guests can also take advantage of grocery shopping services.

Hyatt Summerfield Suites also takes everyday comforts to the next level by offering a Business Center with public computers and a printer, a state-of-the-art fitness, an indoor or outdoor pool, complimentary grill for guest use and laundry services.

Founded by Bruce White in 1985, White Lodging has expanded its managed portfolio over the past ten years from 52 hotels to 134, growing their employment from 2,100 associates to more than 6,000 today.

The company, which has scored accolades in all aspects of hotel development and operations from being named one of Training Magazine’s Top 125 National training companies in 2008, multiple AAA 4-Star Diamond Awards as well as honored with twelve of Marriott International’s Partnership Circle Awards and Hilton’s Developer of the Year, is currently planning to add more than 100 new developments and $1.5b in managed sales over the next five years.

Leading brands developed and operated by White Lodging include: JW Marriott; Marriott; Renaissance; Courtyard by Marriott; Residence Inn by Marriott; SpringHill Suites by Marriott; Fairfield Inn & Suites by Marriott; Hilton Garden Inn; Homewood Suites; Hampton Inn; Embassy Suites; Radisson Hotels, InterContinental Hotel Group; Sheraton, and Summerfield Suites.

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