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News Release

For Release Wednesday, September 12, 2005 9:00 a.m.

Michael G. Medzigian, Chairman and Managing Partner of Watermark Capital Partners, LLC, To Speak At The 2005 HD Boutique Exposition & Conference

Michael G. Medzigian To Speak at Meeting of Hospitality Design Leaders, September 14, 2005 in Miami, Florida

Michael G. Medzigian, Chairman and Managing Partner of Watermark Capital Partners, LLC, and a frequent speaker in the real estate and lodging industries, will join a panel of industry experts to discuss customer-driven strategies and their impact on hotel design and development. The panel will explore the factors-from shifting customer demographics to real estate trends-that matter most to guests and how to capitalize on those customer needs.

Watermark is a leading private equity firm that invests in a broad range of real estate as well as select non-real estate-related transactions. Watermark invests both directly and in joint ventures with leading developers and operators, and specializes in investments that include hotels and resorts, golf and recreation, resort residential, fractional and club programs, and mixed-use projects. The Watermark principals have been responsible for over $13 billion of real estate investments and have an exceptional track record of integrity and for delivering superior risk-adjusted returns to their investors.

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Contact
Michael G. Medzigian, Watermark Capital Partners, LLC,
847-482-8600