Development

Aimbridge Hospitality Adds The Marina Hotel in San Pedro to its Management Portfolio - $8.5 Million Renovation Project is Planned

Aimbridge Hospitality has entered an agreement with
Multi-Employer Hotel Partners, L.P. Fund to manage The Marina Hotel in San Pedro. This marks Aimbridge's second management contract in the California market which strengthens the company's diverse portfolio and growth.

Aimbridge Hospitality Aimbridge Hospitality has entered an agreement with Multi-Employer Hotel Partners, L.P. Fund to manage The Marina Hotel in San Pedro. This marks Aimbridge's second management contract in the California market which strengthens the company's diverse portfolio and growth.

'Aimbridge is pleased to again partner with Multi-Employer and The Marina Hotel adds a new dimension to our roster,' said Dave Johnson, chief executive officer of Aimbridge Hospitality. 'We are thrilled to have a strong presence in the California market and believe this asset further strengthens our relationship with Multi-Employer.' Following an extensive renovation, the property will be flagged as a Doubletree, a member of the Hilton Family of Brands.

Conveniently situated within the Cabrillo Marina in San Pedro, California, The Marina Hotel is eight miles from the Long Beach Convention Center and 20 miles from downtown Los Angeles, Newport Beach, and Irvine. Located at 2800 Via Cabrillo Marina, the hotel is close to such attractions as Terminal Island, Cabrillo Beach and the Youth Waterfront Sports Center. The hotel features 226 guest rooms, 16,000 sq. ft. of meeting space, and two restaurants. The property will undergo an $8.5 million dollar renovation that includes the addition of Doubletree's brand standards and brand-defining programs.

'This marks our second project with Aimbridge Hospitality and are confident we will be successful in this market,' said Jack van Hartesvelt, Senior Vice President of Kennedy Associates Real Estate Counsel, Inc., the managing member of the Multi-Employer Hotel Partners, L.P. Fund.

Multi-Employer Hotel Partners, LP was established in January 2001 to invest in hotel properties located in high-profile, gateway markets. Kennedy Associates Real Estate Counsel, Inc., the managing member of the Multi-Employer Hotel Partners, LP fund, is a Seattle-based, full-service, registered real estate investment advisor.

Aimbridge Hospitality is a hotel real estate and management company created to identify management opportunities throughout the United States focusing on hotels in suburban markets. Aimbridge provides management, asset management, capital renovation supervision, accounting and consulting services for its strategic partners. Current hotel portfolio includes: Wyndham Garden—Brookfield, Wisconsin; Wyndham Garden—Dallas, Texas; Wyndham Garden—Overland Park, Kansas; Wyndham O'Hare - Rosemont, Illinois; Wyndham Garden—Schaumburg, Illinois; Wyndham Garden—Charlotte, North Carolina; Wyndham Garden—Novi, Michigan; Wyndham Garden—Pleasanton, California; Wyndham Garden—Wood Dale, Illinois; Wyndham Garden—Atlanta, Georgia; Summerfield Suites—Austin, Texas; Hawthorn Suites - Atlanta, Georgia; Hilton Garden Inn - Dallas, Texas. For more information, visit www.aimbridgehospitality.com.



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