Aimbridge Nearing Completion of $11M Renovation for Dallas/Addison Marriott Quorum by the Galleria

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. May 01, 2014

DALLAS - May 1, 2014 - Aimbridge Hospitality, the nation's second largest independent hotel management and investment firm, announced that it will complete an $11 million renovation at the Dallas/Addison Marriott Quorum by the Galleria by the end of 2014.

The renovated property will offer guests the perfect balance of pleasure and productivity with its stylish lobby and expanded meeting facilities. Renovations will include:

• New lobby
• Addition of a brand new 3,000 square foot junior ballroom, perfect for corporate and social events
• New walk-in showers and upgraded baths in king guest rooms
• New beds in all guest rooms
• Upgrades to concierge lounge
• Renovation of all meeting spaces
• New intimate luxury pool and fire pit area
• New porte-cochere and new signage

The 547 room, full-service hotel is located in the heart of the North Dallas/Addison corridor just minutes from some of the Metroplex's best shopping, dining and entertainment. The Dallas/Addison Marriott Quorum by the Galleria features 30 meeting rooms and more than 23,000 square feet of meeting and event space, two concierge levels, a fitness center and swimming pool and sun deck.

This property represents the sixth full-service Marriott Hotel in Aimbridge Hospitality's management portfolio, and the eighth Marriott-branded hotel.

“This hotel is a quality investment for us in a great location for business and leisure, and we know that our clients will appreciate the significant improvements we are making to the hotel. It has been a tremendous team effort with Marriott and Aimbridge and we look forward to an enhanced product by the 4th quarter to cap off a strong year.” said Patrick Campbell, Principal, of Wheelock Street Capital.

“The renovation process has been fast-tracked at this hotel, and we look forward to seeing the completion of the renovation work, and selling this newly improved product” said Dave Johnson, President and CEO of Aimbridge Hospitality.

For more information, please visit www.aimbridgehospitality.com.

About Aimbridge Hospitality

Aimbridge Hospitality is the nations' second largest independent hotel investment and management firm with a proven track record for delivering superior returns for its strategic partners in a variety of markets and economic cycles. Aimbridge provides management, asset management, development, renovation and consulting services. Based in Dallas, Texas and with development offices in Chicago, Dallas and Puerto Rico, Aimbridge currently owns and/or manages over 180 upscale, independent and branded hotels with nearly 25,000 rooms across the United States and the Caribbean, including such affiliations as Marriott, Hilton, Embassy Suites, DoubleTree, Hilton Garden Inn, Hampton Inn & Suites, Aloft, Hyatt, Wyndham, Choice Hotels and the Phoenix Inn Suites chain of hotels. For more information on Aimbridge Hospitality, please visit www.aimbridgehospitality.com.

About Wheelock Street Capital

Wheelock was formed in 2008 by Rick Kleeman and Jonathan Paul, two veteran real estate private equity investors, each with over 20 years of broad real estate transaction experience across all major asset classes. Wheelock is currently investing its fourth fund and its second multi-investor discretionary opportunity fund, which consists of over $600mm of committed capital. Wheelock's first two funds were primarily funded by a single private institutional investor. Wheelock will invest in a broad range of real estate assets throughout the United States. The fund invests both directly and with high quality joint venture partners through a variety of capital structures and transaction types, including acquisitions, restructurings, and recapitalizations. For more information, visit the Company's website at www.wheelockst.com.

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