Strand Acquires Management Contract of Best Western Sterling Charlotte, NC

. October 14, 2008

CHARLOTTE, NC, February 17, 2006. Strand Development Company LLC based in Myrtle Beach, SC announced that they have added the Best Western Sterling Hotel and Suites as the 26th hotel to its management portfolio. The management company change is a result of the sale of the hotel to an independent owner. Strand Development Company, LLC will oversee all areas of the hotel's operations, including guest services, sales and marketing and hotel administration. "We are excited about the continued growth of the Strand organization and the increased presence in the Charlotte community. This property is ideally located off of interstate 77 and adjacent to the new "light rail" into Uptown Charlotte." states Adam Tegge, Regional Director of Operations for Strand Development.

The hotel features 81 spacious guestrooms, complimentary local and long distance access, wireless high-speed internet access throughout the hotel, on-site workout facility, courtesy transportation and complimentary breakfast. With the change of ownership, plans are being made to renovate the property and offer additional amenities such as micro/frigs and DVD players in all of the guestrooms.

To make reservations or request information about the Best Western Sterling, travelers may access the Best Western website at www.bestwestern.com or call 1-704-525-5454.

Headquartered in Myrtle Beach, SC, Strand Development Company LLC currently operates 26 hotels in Florida, Georgia, South Carolina, and North Carolina. All hotels are operated through franchise agreements with Hilton, Choice Hotels International, Intercontinental Hotels Group, Wingate Inn, Super 8, Microtel, and Best Western International. Strand Development has two more properties under construction, including a Hampton Inn and Fairfield inn and Suites. Strand Development continues to provide strong industry expertise in all aspects of the hotel business and is a proven leader in driving ownership's return on investment and customer satisfaction.

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