FOR IMMEDIATE RELEASE

For information, contact:
Raymond Sans, General Manager
(860) 524-5550

HARTFORD'S RESIDENCE INN BY MARRIOTT
OPENS 20 ADDITIONAL SUITES

        Hartford, Connecticut - (November 6, 2001) - The Residence Inn by Marriott in downtown Hartford has added 20 additional suites. Richardson Redo, LLC owns the facility, which opened with 100 suites in June of 2000. The ownership entity includes Hartford developers Phil Schonberger, Marc Levine and Sam Fingold; Waterford-based developers Len Wolman and Mark Wolman; and, Del Lauria, Stephan Slavik and Richard Slavik, all of Farmington Hills, MI. The hotel is operated by Waterford Hotel Group, a national hotel management company with contracts to operate 27 hotels in 10 states.
       The downtown Hartford Residence Inn, which is the only Marriott product in the city, has been ranked in the top 50 of all Residence Inns based on guest satisfaction scores. Additionally, the hotel has received the second highest Quality Performance Review in Marriott's history, scoring 97%.
    The 120-suite hotel features one and two bedroom suites, 50% larger than ordinary hotel rooms, with fully equipped kitchens, living rooms and dining areas. Each suite contains a refrigerator, dishwasher, oven/stove, garbage disposal, microwave, coffee maker, two line phones with data port and voicemail, iron and ironing board, two televisions with expanded cable and HBO, in-room movies with a Sony Playstation, and a daily complimentary newspaper. Additional hotel amenities include meeting facilities, complimentary breakfast buffet, weeknight social hours, an exercise facility, complimentary grocery shopping services, same day dry cleaning, and coin-operated laundry facilities.
       Wolman Construction, based in Waterford, CT, served as Construction Manager for the initial rehabilitation project, as well as the recent expansion project. The landmark building is prominently located at 942 Main Street in Hartford. The historic nature of the project provides a unique ambiance while maintaining the high standards of a Marriott property. Established in 1988, Wolman Construction, under the direction of President Mark Wolman, has excelled in both commercial and custom residential construction based on a commitment to open, "no surprises" client communication, accessibility to company management and outstanding cost control.
       Waterford Hotel Group, also in Waterford, CT, specializes in providing complete hotel management services. The group offers centralized accounting, financial reporting, strategic marketing, human resources and day-to-day operations management systems to position each of its properties for success. Additionally, the company is accomplished in property positioning through refurbishments and franchise conversions. For further information on Waterford Hotel Group, visit the company's website at www.whghotels.com.