| TAMPA, Fla., May 9, 2007 - The Plasencia Group,
Inc. (TPG) announced that it has been retained by Lane Hospitality to assist
in implementing the company's strategic change in its ownership structure.
Under the agreement, TPG will pursue new equity sources on behalf of Lane
Hospitality's senior management team. The change in ownership structure
is being undertaken to facilitate an aggressive growth plan, while meeting
the diversification needs of the Lane family.
This investment banking assignment is a continuation
of TPG's move to diversify and expand its advisory services. "This truly
is an exciting project for many reasons," explained Lou Plasencia, chairman
and CEO.
The engagement is being handled through TPG's
Capital Markets Group, headed by Stephen Kindl, Managing Director. Also
leading the engagement is Rich Conti, President of The Plasencia Group.
For more information
 About The Plasencia Group, Inc. Founded in 1993, The Plasencia Group is a leading
hospitality advisory firm representing owners of hotels, resorts, and golf
courses, with 11 offices across the country. In conjunction with its affiliates,
Regent Street for luxury properties and Sun Hospitality Advisors for limited-
and select-service properties, The Plasencia Group has provided personalized,
valued-added investment opportunities and services to clients such as Prudential
(NYSE:PRU), Host Hotels & Resorts (NYSE:HST), Hilton Hotels Corporation
(NYSE:HLT) and Metropolitan Life Insurance Company (NYSE:MET). The Plasencia
Group offers a full range of value-added solutions, including transactions,
property valuation analyses, financial and strategic planning, project
management and
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