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 Benchmark Adds Lakeside Resort & Residences on Lake Grapevine
in Flower Mound, Texas to Portfolio; Project Being Developed
by Hines Includes 289 Guest Rooms and 64 Condominiums

March 16, 2007 - The Woodlands (Houston), Texas, March 2007- Benchmark Hospitality International, which manages 31 resorts, conference centers, hotels and conference resorts throughout the United States and in Japan, has announced the addition of Lakeside Resort & Residences to its management portfolio.  Lakeside Resort will be built on Lake Grapevine in Flower Mound, Texas, within the Dallas-Fort Worth Metroplex.  The project broke ground recently and will open fall of 2008.  Burt Cabanas, chairman and chief executive officer of Benchmark, made the announcement.
 
"We are very excited that this property marks our third project with Hines, the international firm developing Lakeside Resort," said Mr. Cabanas.  "It is superbly located and will be first rate in every way.  The resort's spectacular setting on majestic Lake Grapevine is just minutes from DFW International Airport."
 
Lakeside Resort's location close to a major Texas gateway and its accessibility by car and air to numerous major markets underscore the expectation that it will attract significant regional and national meetings business.  Upon opening, the property expects to win approval for membership in the prestigious International Association of Conference Centers, the global organization governing standards of excellence within the multi-billion dollar conference center industry.  
 
When complete, the 18-story Lakeside Resort & Residences will be the tallest structure in Flower Mound.  The property will feature four star resort amenities and magnificent lake views from all guestrooms.  Included will be 289 luxurious guestrooms, a 25,000-square-foot conference center featuring state-of-the-art meeting space and Benchmark's signature meeting concierge service, two water-view restaurants and event space.  The resort will also offer a 12,000-square-foot spa, and an outdoor pool with a lazy river pool feature.
 
Topping the tower will be 64 one, two and three-bedroom luxury condominiums, which will have available all the services and amenities of the resort, as well as a private entrance, lobby, elevators and parking.  Ten penthouses will provide up to 3,500 square feet of living space each.  
 
Lakeside Resort & Residences is being developed by Hines, the international real estate development firm with U.S. headquarters in Houston.  Architecture is by Three Architecture (Three), based in Dallas, and interior design by BOKA Powell, also of Dallas.  
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L to R:   Cheryl Devore, Benchmark Hospitality; Sam Haigh, President & COO, Benchmark;
Jody A. Smith, Mayor, Flower Mound, Texas; Jeffrey Farina, Chief Development Officer, Benchmark;
Bruce Burkhalter, Vice President, Technical Services, Benchmark.
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Hines is a privately owned company involved in real estate investment development and property management worldwide.  The Hines portfolio of projects underway, completed, acquired and managed for third parties includes 915 properties representing approximately 360 million square feet of office, residential, mixed use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. With offices in 64 U.S. cities and 15 foreign countries, and controlled assets valued at approximately $13.5 billion, Hines is one of the largest real estate organizations in the world.  Visit www.hines.com for more information.
 
Benchmark Hospitality International, an independent hospitality management company based in The Woodlands (Houston), Texas, operates resorts, conference centers, hotels and condominium resorts both domestically and internationally.  For locations of Benchmark Hospitality properties and for additional information, visit Benchmark's Website at www.benchmarkhospitality.com.  
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Contact:

Benchmark Hospitality International
The Woodlands (Houston), Texas
www.benchmarkhospitality.com

Ken Ellens
Ken Ellens Communications
201-758-2864 / 201-758-2865-Fax
KenEllens@aol.com
 

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Also See: International Real Estate Firm Hines Developing 289 room Hotel Condo and Conference Center on Lake Grapevine Near DFW; Benchmark Hospitality Will Operate the Hotel / February 2007
The Hines Co. Planning a Hotel Conference Center with 280 rooms and 45 Condominiums on Lake Grapevine in Flower Mound, Texas / August 2005

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