Growth Properties Hospitality Management Expands with Second Hotel in Fayetteville, NC

. April 27, 2009

APRIL 23, 2009 - Growth Properties Hospitality Management, a Pennsylvania-based management company, has entered into an agreement with the Holiday Inn in Fayetteville, N.C.

The Holiday Inn is on I-95 near Fort Bragg and Pope Air Force Base. Under the new management, the property will undergo a renovation of guest rooms, corridors and bathrooms this year. The 198-room hotel has a heated indoor pool, fitness center and a restaurant and lounge. It offers 14,000-square-feet of meeting space.

Growth Properties is now managing 19 properties nationally. The portfolio includes a blend of full-service and select-service hotels with both franchised and independent flags. Many of the hotels managed by Growth Properties also have franchised restaurants that are key components of its food and beverage operations, which include the management of five restaurant chains.

For more information on Growth Properties, please contact Vince Ciro at 215-546-5980 ext 106 or [email protected].

About Growth Properties Hospitality Management

Growth Properties Hospitality Management specializes in the management of hotels, restaurants and conference centers. Founded in 1980, its knowledge, reputation and experience have set the company apart from the competition. With a commitment to building long-term relationships with investors, clients, lenders and customers, Growth Properties has provided steady, positive results in constantly changing economic environments. For more information, visit http://www.gpim.net

Public Relations Contact:

Vince Ciro

Vice President, Growth Properties

[email protected]

215-546-5980 ext 106

Business Contact:

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