Rockbridge Announces Closing of Latest Fund

Rockbridge Hospitality Fund IV L.P.

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. October 14, 2008

APRIL 15, 2008. RockBridge Capital, LLC ("RockBridge") today announced a closing of RockBridge Hospitality Fund IV L.P. ("Fund IV"), bringing total commitments to approximately $160 million. A large percentage of the capital committed to Fund IV has come from institutions and private investors who had been investors in the firm's earlier funds. RockBridge anticipates a subsequent closing in the second or third quarter that would take commitments over $200 million. Brett M. Alexander, Senior Vice President of Capital Initiatives, made the announcement.

"RockBridge has successfully attracted investors as the result of the positive investment returns achieved by our group since 1992," said Alexander. "During that time, RockBridge has underwritten nearly $4.5 billion worth of real estate and invested in over 300 assets nationwide. These investments have provided attractive risk-adjusted returns, which investors have acknowledged by continuing to reinvest with us. Given the current capital market environment, this closing further validates RockBridge's track record and provides new capital for our firm to continue to pursue hospitality investments that provide attractive returns to our hotel partners and institutional investors."

"The success we enjoy is a direct result of our continued investment in RockBridge's brand and infrastructure," added Ron Callentine, RockBridge's CEO. "We have spent considerable time and effort assembling a first-class team of professionals with backgrounds in hospitality brands, operations, consulting, asset management, and investments as well as other relevant disciplines such as development, accounting, and investment banking. The diversity of our team allows us to be opportunistic in the market and create value for our hotel partners and investors."

When asked about the details of the new fund, Alexander stated, "Rather than increasing the fund's size significantly to accommodate more investors, we again have chosen to control the growth of our assets under management. We feel strongly that it is important to be measured and focused in our growth to help ensure that we continue to deliver outstanding results for our partners." Callentine added, "I am extremely encouraged by the continued support of our institutional investors, principally insurance companies, foundations, and endowments. We are also pleased by the new relationships we are building with institutions that are investing with us for the first time through Fund IV. In this regard, we look forward to growing our investor base further this year and hope to attract additional institutional partners that want to align themselves with a hotel-focused firm that has pursued a consistent, proven investment strategy through multiple investment cycles for over fifteen years."

Fund IV is the eighth closed-end real estate investment fund dedicated to the hospitality industry that the principals of RockBridge have sponsored and managed. RockBridge invests throughout the capital structure, offering first mortgage, mezzanine debt, and equity investments. Fund IV offers investors the opportunity to achieve strong risk-adjusted returns with a high current income component.

RockBridge provides capital to the hospitality industry through its RockBridge Hospitality Funds and First Mortgage Investment Program. The principals of RockBridge have formed and managed eight closed-end real estate funds with both institutional and private investors. Focused on creating value for their hotel operating partners, RockBridge invests first mortgage, mezzanine, and equity capital in hotels throughout the U.S. Since 1992, RockBridge has invested more than $2.5 billion in over 300 assets nationwide with aggregate transaction capitalization of nearly $4.5 billion. For additional information about investing in RockBridge Hospitality Fund IV L.P., please contact Brett M. Alexander at (614) 246-2526. For information on RockBridge visit www.rockbridgecapital.com.