"We are thrilled to be adding a Kimpton hotel to our diverse mix of uses at Park Potomac. The creativity and customized concept of Kimpton's hotels and restaurants will be a perfect compliment to the community." said Cameron Pratt, Vice President with Foulger-Pratt.

Park Potomac, located off I-270 in Potomac, MD is a master planned, mixed-used development which will include 450 luxury condominium units, 570,000 square feet of Class "A" office space, 145,000 square feet of lifestyle retail, and a 156-room Kimpton hotel with a full-service spa, two-level restaurant and bar with indoor and outdoor seating and 6,000 square feet of meeting space, which includes a 3,000 square foot ballroom. Additionally, Park Potomac will include 150 luxury Brownstone town homes (developed by EYA) and a beautifully designed central plaza with a water feature, a fire pit and outdoor gathering space. The lifestyle retail space will include a Harris Teeter grocery store, white tablecloth restaurants, quick casual dining, boutique fashion shops and convenience retail.

"We are very pleased to be working with a developer of such renowned experience, and with such an impeccable track record of creating some of the region's highest quality developments," said Mike Depatie, president and CEO of Kimpton Hotels & Restaurants. "With Park Potomac, we expand our foothold in bringing urban sophistication to suburban markets. With our biggest cluster of upscale boutiques in the Washington DC Metro area, we already enjoy the solid infrastructure we need to thrive in Potomac and look forward to becoming a much-loved destination for businesses and travelers to the area."

ABOUT FOULGER-PRAT

Established in 1963, Foulger-Pratt is one of the Washington region's most experienced and diverse real estate firms. The award-winning organization offers development, construction, asset management, and property management services. Foulger-Pratt is headquartered in Rockville, MD. For more information, visit: www.foulgerpratt.com .

ABOUT KIMPTON

San Francisco-based Kimpton Hotels & Restaurants is the first and leading collection of boutique hotels, throughout the United States and Canada. Founded in 1981 by Bill Kimpton, every Kimpton hotel features personalized guest services, comforting in-room amenities, specialty rooms and suites, and provides a range of exciting culinary experiences through affiliated top-rated destination chef-driven restaurants. Kimpton takes pride in its commitment to social responsibility and leads the hospitality industry in ecological practices through its innovative EarthCare programs. Privately held, Kimpton received the highest ranking in customer satisfaction by the Market Metrix Hospitality Index for the entire year of 2007, exceeding all others in the upscale hotel segment. Among the company's newest properties is the Hotel Monaco Alexandria and Jackson 20 restaurant in Virginia, which opened in January 2008. Additional projects are underway in Los Angeles, New York, Florida, Philadelphia and Virginia. For more information, please visit www.KimptonHotels.com or call 1-800-KIMPTON.

Jamie Law/ Manager, Media Relations and Special Events/ Kimpton Hotels & Restaurants/ 222 Kearny Street, Suite 200/ San Francisco, CA 94108/ (415) 955-5495 Office/ (415) 517-4782 Cell/ Jamie.Law@kimptongroup.com