�The achievements we had in 1999, accompanied by CNL�s access to capital, has truly laid the foundation for yet another record-breaking year,� said Charlie Muller, chief operating officer of CNL Hospitality Corp. �And we are already excited about the opportunities in 2001.� 

CNL�s latest success is an agreement to buy nine hotels for $100 million from Marriott International. The hotels include three TownePlace Suites by Marriott, three SpringHill Suites by Marriott, two Courtyard by Marriott and one Residence Inn by Marriott. Collectively, the nine hotels  contain 1,143 rooms and are located in Georgia, Kansas, New Jersey, Massachusetts, Maine, North Carolina, Utah and Virginia. Five of the nine properties were acquired in mid-August, with plans to acquire the four remaining properties after construction is complete in the fourth quarter of 2000.  The hotels will be leased from CNL to Crestline Capital Corporation, while Marriott International continues to operate the hotels under management agreements.

�We are pleased with the results of these transactions and our expanding relationship with CNL,� said Arne  M. Sorenson, executive vice president and chief financial officer of Marriott International.  �These transactions maintain Marriott�s strategy to sell company-developed hotels while retaining long-term management agreements.�

Continuing to grow its portfolio into select, mature markets, CNL recently entered into the �country club corridor� of southern California with its June acquisition of a 151-room Courtyard by Marriott and a 130-suite Residence Inn by Marriott for $30 million. The properties are situated on an 11-acre site in Palm Desert, California, adjacent to the exclusive 884-room Desert Springs Marriott Resort & Spa.

In addition, CNL acquired a 162-room SpringHill Suites by Marriott in Gaithersburg, Maryland and a 140-room Residence Inn by Marriott in Merrifield, Virginia in July � for a combined purchase of $34 million. 

Another CNL purchase that is planned for later in the year is the $100 million Marriott Village at Little Lake Bryan in Orlando, Florida � a three-hotel, 38-acre complex with 1,100 rooms. Located in the Walt Disney World® area, Marriott Village includes Courtyard by Marriott, Fairfield Inn by Marriott and SpringHill Suites by Marriott and will specifically cater to Orlando�s tourist segment.

CNL Hospitality Corp. is an affiliate of CNL Financial Group, Inc, one of the nation�s largest, privately held real estate and financial services companies, headquartered in Orlando, Florida.  CNL Financial Group and the entities it has formed have acquired more than $4.0 billion in assets, consisting of over 2,700 properties in 48 states.