RockBridge Capital

Hotel & Motel Management, August, 2004

RockBridge Capital has solidified its well-earned position as one the nation's premier capital providers to the hospitality industry. Since 1993, the RockBridge Capital team has invested more than $500 million in more than 250 hotel transactions nationwide, representing an aggregate transaction capitalization of nearly $3.5 billion.

In 2003, RockBridge originated more than $300 million in first mortgage, mezzanine and preferred equity investments, and the company is on track to record investments matching or exceeding that level in 2004.

Recent RockBridge investments include:

* An $8 million mezzanine investment to refinance the Marriott Hotel in Lake Mary (Orlando), Fla., with partner RDA Investments.

* A $7.9 million first mortgage for the acquisition of a Holiday Inn & Suites in Milwaukee, with sponsor Magna Hospitality.

* A $5.9 million first mortgage for the acquisition and renovation of a Fairfield Inn in Fayetteville, N.C., with Intermountain Hotel Group and Terrapin Investments.

Specific points of distinction that have earned RockBridge Capital the confidence and trust of hotel owners and operators, major institutional investors, and the lending industry include:

Relationship focused

* Patience to focus on the people and not just the deal.

* Underwrite management as much as the transaction.

Long-term focus on hotel industry

* Have been providing capital through good and bad markets for more than 11 years.

Hotels are our business

* Principals have been involved in the hotel industry for more than 20 years.

* Possess keen understanding of the hotel industry and related borrower and finance issues.

Capital to invest

* Principals have formed and managed six real estate funds since 1993.

* Current fund, RockBridge Real Estate Fund II, has raised more than $100 million.

For information on investment and financing opportunities available, contact James T. Merkel at (614) 246-2505.

Company Profile

RockBridge Capital, LLC

191 W. Nationwide Blvd., Suite 600

Columbus, OH 43215

Phone: (614) 246-2400

Fax: (614) 246-2481

Web site: www.rockbridgecapital.com

E-mail: jtmerkel@rockbridgecapital.com

Key executives

Ronald Callentine, President

James T. Merkel, Managing Director

Kenneth Krebs, Managing Director

Stephen Denz, CFO and Managing Director

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