As a Hilton Affiliate Hotel, guests staying at Lexington Downtown Hotel & Conference Center will now experience enhanced service and comfort. Additionally, hotel guests have the opportunity to participate in the Hilton Honors guest reward program, allowing guests to earn hotel points and airline miles for the same stay at more than 2,700 hotels worldwide.

Influenced by Kentucky�s scenic landscape and equestrian heritage, the design concept for the hotel�s public spaces, guestrooms, restaurant, grand ballroom and meeting rooms incorporates regional motifs. Developed by Atlanta firm Design Continuum, Inc., the updated interiors will feature a vibrant color palette inspired by regional country scenery. Rich shades of red, green, blue and gold will be found throughout the 22-story hotel�s interior as a modern take on traditional Kentucky design.

A joint venture between Madison W Properties and Interstate Hotels & Resorts (NYSE: IHR), the hotel is connected via a skywalk to Lexington Center, central Kentucky�s premiere sports and entertainment complex that includes Rupp Arena, Lexington Convention Center and The Shops at Lexington Square.

�Lexington Downtown Hotel & Conference Center is one of the most significant hotels in the city,� said Peter C. Lewis, president and chief investment officer of Madison W Properties. �The renovation will ensure that the hotel remains the leading destination for discerning leisure, business and convention travelers and continues to be a popular venue for meetings, social events and weddings. Guests will truly enjoy an enhanced experience that will exceed their expectations for style and comfort.�

�The upcoming renovation of the Lexington Downtown Hotel & Convention Center could not be better timed,� said Lexington Convention and Visitors Bureau President David Lord. �The city�s downtown is in the midst of a major rebirth and renewing the hotel will play a vital role in this process. The remodeling of one of Lexington�s prominent hotels will help make the city much more competitive for regional and small national meetings and conventions.�

The Lobby
From the moment guests enter the hotel, they will experience an elegant Kentucky theme that reflects the commonwealth�s history and culture. The lobby will feature new registration desks made out of handsome mahogany wood that include brushed nickel accents and polished white quartz countertops. Two large wall treatments made out of woven cherry wood will be installed that will add visual interest to the space.

�We are working on commissioning local artists for the most visible areas of the lobby,� added Lewis. �We are finalizing plans to install a dramatic fountain, similar to the one in Triangle Park, as we want to create a clear association with the surrounding area. Above the fountain we are contemplating a 40-foot high sculpture that would be a collage of running wild horses.�

Guestrooms
The hotel�s guest accommodations will be updated with a sophisticated new look that will include designer selected linens and window treatments, furniture and furnishings, wall coverings and carpeting and enhanced bathrooms. Continuing the Kentucky theme into the guestrooms, white headboards have been chosen that are reminiscent of picket fences found throughout the commonwealth. Calming greens and blues will be used throughout the rooms to provide each guest with a more enjoyable and relaxing experience. Large flat panel LCD televisions will be installed to modernize each guestroom.

The guest bathrooms have been designed to be urbane and bright and will showcase a crisp clean décor. Classic furniture-style vanities with a golden wood tone and blue-green granite countertops will be the focal point of the new bathrooms. The selected wall coverings feature a simple scroll pattern that has a tranquil metallic quality. Neutral colored stone-like porcelain tiles have been selected for the flooring and showers and a mixture of brushed and polished chrome fixtures will be used throughout each bathroom.

Each guestroom is expected to be furnished with the Hilton Serenity Collection® of amenities, which includes the Pacific Coast® down duvet, Super Topper mattress pads and top-quality linens and pillows. Anticipated standard amenities include the Hilton Serenity Bath Collection, featuring the exclusive Crabtree and Evelyn line of La Source® bath products; a Cuisinart® dual-cup, single brew coffeemaker and Lavazza® coffee; the easy-to-set Hilton Family alarm clock with MP3 player connectivity and high-speed Internet wireless access.

Suites
The hotel�s four suites are scheduled to be expanded and redesigned into three distinct living areas to provide formality and elegance to each space. A luxurious color palette of gold, red and teal has been selected and will be integrated into the fabrics, furnishings and carpeting used in the spacious suites. Furniture including plush sofas, arm chairs and chaise lounges and large dining room tables, end tables and executive desks made out of mahogany will complement the rich color scheme. The suites� master bathrooms are designed as an extension of the bedrooms and will feature glass mosaic wall tiles, a water closet and walk-in shower. Each suite will also include an additional ½ bath, two flat panel LCD televisions and upgraded wood tiles in the foyer.

Café on the Park
Café on the Park, located on the main floor of the hotel offering exceptional American cuisine and fine wines, will undergo a comprehensive renovation as well that will feature a bright color palette, relocated main entrance and new furniture and furnishings. Showcasing spectacular views of Triangle Park�s illuminated fountains through floor-to-ceiling windows, the upscale yet informal restaurant will be a contemporary twist on the hotel�s Kentucky theme. Floral patterns on fabrics and carpeting, wood beams at raised soffits and sky blue accent colors will intermix to create a park-like ambience.

Grand Ballroom and Meeting Rooms
Lexington Downtown Hotel & Conference Center is the preeminent venue for business meetings, conventions, conferences and special events for groups ranging from 10 to 1,000 guests. Featuring more than 16,000 square feet of event space, the hotel�s Grand Ballroom and numerous meeting rooms will be refurbished and modernized. Custom-made chandeliers and wall sconces and traditional wall covering will be installed in the 6,850-square foot Grand Ballroom.

About Lexington Downtown Hotel & Conference Center
Lexington Downtown Hotel & Conference Center is a 22-story hotel featuring 367 guestrooms centrally located in the heart of Lexington�s financial district. The 290,362-square foot hotel includes more than 16,000 square feet of diverse meeting and event space, the Café on the Park restaurant, fitness center, indoor swimming pool and spa and business center. Lexington Downtown Hotel & Conference Center is just steps from renowned Lexington Center, central Kentucky�s premiere sports and entertainment complex that includes Rupp Arena, Lexington Convention Center and The Shops at Lexington Square. Located at 369 West Vine St., Lexington, KY 40507, the hotel will undergo an extensive renovation in 2009 to enhance nearly every aspect of the property. Lexington Downtown Hotel & Conference Center is operated by Interstate Hotels & Resorts, the nation�s largest independent hotel management company.  For more information about Interstate Hotels & Resorts, visit the company�s website: www.ihrco.com. To make a reservation contact Hilton Reservations Worldwide at 1.800.445.8667 or at hilton.com.

About Madison W Properties
Madison W Properties, LLC is an investment management firm focused on acquiring direct control-oriented real estate investments ranging from $10-$100 million in the United States. Founded in 2008 and based in New York City, the firm favors real estate opportunities that are off-market or distressed, located in overlooked geographical regions or are in out-of-favor asset categories. Since its inception the firm has acquired a diverse portfolio of properties. For more information, visit madisonw.com.

About Interstate Hotels & Resorts
Interstate Hotels & Resorts has ownership interests in 56 hotels and resorts, including seven wholly owned assets.  Together with these properties, the company and its affiliates manage a total of 221 hospitality properties with nearly 46,000 rooms in 36 states, the District of Columbia, Russia, Mexico, Belgium, Canada and Ireland.  Interstate Hotels & Resorts also has contracts to manage 17 to be built hospitality properties with approximately 4,100 rooms. For more information about Interstate Hotels & Resorts, visit the company�s Web site: www.ihrco.com.

About Hilton Hotels & Resorts
With more than 500 Hilton brand hotels & resorts in 76 countries around the world Hilton continues to build on its history as a pioneer in the industry, developing products, services and amenities that offer today�s travelers more choice and control over their stays.  From Hilton Fitness by Precor to its world-class Hilton Worldwide Resorts portfolio; from the Serenity Collection of in-room amenities to Hilton Meetings, a premier global product for small meetings, Hilton�s offerings are designed to enable guests to be at their personal best whether they travel for business or pleasure. Hilton�s belief that Travel Should Take You Places® celebrates a commitment to the idea that travel can and should be transformative. Start your journey at www.hilton.com available in English, Spanish and French.

Jason Lindaman
Madison W Properties
303.957.4256 or 303.877.2492
[email protected]