Staybridge Suites to Open in Franklin, WI 2009

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. October 14, 2008

JUNE 23, 2008. Staybridge Suites is bringing its upscale extended-stay hotel product to the Milwaukee suburb of Franklin, Wis. This will be the brand's second property in the Milwaukee area, and the first IHG property in Franklin. We currently have three Staybridge Suites properties open in Wisconsin, in Milwaukee, Madison, and Middleton, and two others in the pipeline, a Milwaukee property that is scheduled to open in Q4 2008, and a property in Oconomowoc that is scheduled to open in Q3 2009.

The Franklin property is a $10 million new-build scheduled to open in Q1 2009. Details and amenities are below:

---| 78,000 square feet

---| Total of 114 suites

---| Five floors

---| Four meeting rooms with 200 - 680 square feet, holding 24 - 50 guests

---| Indoor pool and whirlpool

---| "Just Like Home Theater"

---| Complimentary "Wireless Anywhere" internet access available throughout the entire hotel

---| Complimentary evening Sundowner reception three days a week

---| Free 24-hour accessible business center with PC work stations and free Internet access

---| Complimentary guest laundry open 24 hours

---| Complimentary fitness center

---| Great Room with relaxed seating and large-screen television

---| Bridgemart 24-hour convenience store

---| Same day laundry service offered

---| Franchised property owned by Ann Arbor Executive Suites, LLC, and managed by The Brichton Group, Inc., under a license agreement with a company in the InterContinental Hotels Group.

---| Located at 9527 South 27th Street

---| Nearby businesses include Franklin Industrial Park, Franklin Wheaten Hospital, Northwestern Mutual Life Inc. and Oakcreek Bus Parks.

---| Nearby attractions include Milwaukee County Zoo, US Cellular Arena, Bradley Center and Harley Davidson Museum.

---| The hotel is located in the suburban city of Franklin, ranked in the top 100 likeable cities by Money Magazine in 2007.

---| 30 full time equivalent employees

Staybridge Suites was honored by Market Metrix, LLC for superiority in customer satisfaction during the first quarter of 2008. The Market Metrix Hospitality Index (MMHI) is the largest and most in-depth measure of hospitality company performance available today. Based on 35,000 customer interviews in a Market Metrix Hospitality Index (MMHI) quarterly survey, guests named Staybridge Suites the leader in customer satisfaction within the upscale hotel segment. Staybridge Suites' score surpassed thirteen other hotel brands in this category.

InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] is one of the world's largest hotel groups by number of rooms. IHG owns, manages, leases or franchises, through various subsidiaries, almost 4,000 hotels and more than 590,000 guest rooms in nearly 100 countries and territories around the world The Group owns a portfolio of well recognized and respected hotel brands including InterContinental(R) Hotels & Resorts, Crowne Plaza(R) Hotels & Resorts, Holiday Inn(R) Hotels and Resorts, Holiday Inn Express(R), Staybridge Suites(R), Candlewood Suites(R) and Hotel Indigo(R), and also manages the world's largest hotel loyalty program, Priority Club(R) Rewards with over 37 million members worldwide.

IHG pioneered the travel industry's first collaborative response to environmental issues as founder of the International Hotels and Environment Initiative (IHEI). The environment and local communities remain at the heart of IHG's global corporate responsibility focus. We're the first major hotel group to have measured our environmental and carbon footprints and we're in the process of setting reduction targets.