Holiday Inn(R) Hotel Franchise Awarded

Company Press Release: Holiday Inn RiverCentre
June 5, 2000
ST. PAUL, MN -- 175 Fort LLC announced Friday it has signed a franchise agreement with Bass Hotels & Resorts, Inc. for the 197-room Holiday Inn RiverCentre. The property, scheduled to open in January 2001, is located at 175 West 7th Street.

``Holiday Inn has a proven reputation for quality and service, which we are pleased to bring to St. Paul,'' said Ken Golder, Majority Owner. ``The Holiday Inn RiverCentre will provide travelers with top quality service, an exceptional location, and incredible value. Our alliance with Holiday Inn Hotels will allow us to enjoy the benefits of their state-of-the-art reservations technology, incomparable employee training programs, and worldwide marketing support.''

The Holiday Inn RiverCentre is owned by 175 Fort LLC and will be operated by Golder Hospitality Management LLC.

SOURCE: Holiday Inn RiverCentre