Dow Hotel Company Purchasea 272-room Hilton Atlanta Northeast

The Dow Hotel Company, LLC (DHC), a hotel ownership investment and management company, today announced that it has purchased the 272-room Hilton Atlanta Northeast in a joint venture with AEW Partners V, L.P., a real estate opportunity fund managed by AEW Capital Management, L.P. DHC, which previously operated the hotel, will continue to manage the property under a long-term agreement.

Located at 5993 Peachtree Industrial Blvd., in Norcross, an Atlanta suburb, the hotel will undergo a several million dollar renovation and upgrade program and remain under the Hilton brand. With more than 22,000 square feet of meeting space, the hotel offers the largest meeting facilities in Gwinnett County.

'While many of our recent acquisitions have been on the West Coast, we operate nationally and pursue opportunities throughout the U.S.,' said Murray L. Dow II, DHC founder and president. 'We have managed this property for more than three years and seized the opportunity to team up with AEW for the first time. The hotel is a great fit for our company's portfolio, with extensive meeting space, a great location and considerable upside potential. The Hilton presents a commanding presence on a hilltop in Norcross and truly stands above all of the other hotels in the marketplace both physically and figuratively.'

'This property is a great addition to our growing portfolio, and we look forward to a long, prosperous relationship with The Dow Hotel Company,' said Jim Luchars, vice president of AEW Capital Management, L.P.

"We look forward to this venture with AEW as an opportunity to be the first of many,' added Mark J. Rosinsky, sr. vice president - Hotel Investments with the Dow Hotel Company. 'We have been impressed every step of the way with their speed, capability and flexibility in completing such a complex transaction.'



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