Northwest Hospitality Group, LLC Announces Grand Opening of Homewood Suites in Salt Lake City

. October 14, 2008

SALT LAKE CITY, UT, June 13, 2006. Richard E. Takach, President and CEO of Northwest Hospitality Group, LLC, today announced the official grand opening of the new Homewood Suites Hotel in Salt Lake City, Utah.

The hotel, which is located at 423 West 300 South in downtown, conducted a soft opening in February, 2006. It is situated in the heart of the vibrant Gateway district and is within walking distance of all of the city's finest restaurants, shops, and entertainment and is also in close proximity to Salt Lake City's business district and governmental offices. It features 124 luxury suites, each with a separate living room, private bedroom, and fully equipped kitchen. All of the suites also include two 30" high-definition color television sets with remote control, DVD player, king size beds and a dining area with dual line phones complete with data port and speaker capabilities.

The hotel is owned by Rio Grande Development, LLC. Northwest Hospitality Group, LLC was awarded the pre-opening and management contract for the property in November, 2005.

Commenting on the grand opening, Takach said, "We are elated to witness the grand opening of this beautiful hotel and pleased to add the Homewood Suites Salt Lake City to our growing portfolio of quality hotels under management. We are committed to ensuring that it emerges as a hotel of choice for travelers in the burgeoning Salt Lake City market."

Founded in 1996 and headquartered in Vancouver, Washington, Northwest Hospitality Group, LLC is a fully integrated hospitality development and management entity. Currently, Northwest Hospitality's portfolio includes 15 properties, seven owned and self-managed, and eight others managed for other ownership entities, including Acacia Housing Partners, L.P. and Columbus Hotels Properties. The company is actively seeking acquisition opportunities and expects to add three to five additional properties to its portfolio over the next 12 months. Through ownership and management, Northwest Hospitality's states of operation now include Washington, Oregon, Utah, California, New Mexico, Nebraska, Texas, Arkansas and Georgia.

CONTACT: Paul Kesman (248) 258-2333

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