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Tecton Hospitality Completes $2.4 million Renovation
at the Sheraton Atlantic Beach Hotel in North Carolina 
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MIAMI, July 13, 2006 – Tecton Hospitality today announced that it has completed a $2.4 million renovation at the Sheraton Atlantic Beach Hotel in Atlantic Beach, N.C., the largest hotel on the North Carolina coast. 

Renovations of the 200-room, 16-suite oceanfront property included installation of new carpet in each guest room and in the corridor area, balcony and deck refurbishment, new Phillips 27” and 32” TVs, interior and exterior painting, as well as upgrades to the public spaces.  The fishing pier has been totally repaired and has re-opened for fishing.   All upgrades to the hotel are in compliance with Starwood and Sheraton Standards.

Tecton’s affiliates – Trinity Hotel Investors L.L.C., Glenmont Capital Management L.L.C and R&S Investment Co. – acquired the hotel in 2004. During that time, the property underwent a $4 million renovation, which included total refurbishing of the 9,000 square feet of meeting space, addition of the Sheraton Sweet Sleeper beds, and wireless Internet access throughout the hotel.   

About Tecton Hospitality
Tecton Hospitality provides a wide range of management services to both institutional and individual owners of hotels in the United States and Caribbean.  The Miami-based company operates branded hotels, including full-service properties and resorts under the Sheraton, Marriott, Hampton Inn, Holiday Inn and Best Western names, as well as boutique hotels through the Desires boutique-hotels division.  
The Desires portfolio currently includes the award-winning 84-room San Juan Water & Beach Club Hotel in San Juan, Puerto Rico, the 93 room Sagamore Hotel, the 66-room Wave Hotel, the 83-room Circa 39, the 40-room Hotel Astor, the 61-room Betsy Ross Hotel and the 87-room condo hotel The Strand Ocean Drive in Miami Beach, Fla., the 110-room Glenn Hotel in Atlanta, Ga. and the 235-room Hotel La Mela in New York.  

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Contact:

Tecton Hospitality
(305) 577-8484
www.tectonhospitality.com

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Also See: Tecton Hospitality Completes $2.5 million Renovation of the Hampton Inn in Morehead City, North Carolina / March 2006
Tecton Hospitality Signs Contract to Manage the Sagamore Hotel in Miami Beach, Florida / April 2006

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