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 Hospitality Ventures, LLC, and Geronimo Investments, LLC
Acquire the Doubletree Guest Suites Nashville Airport;
Plan Multi-million-dollar Upgrade
.
August 8, 2003 - A joint venture comprised of Atlanta-based hotel ownership and management firm, Hospitality Ventures, LLC, and Atlanta-Based Geronimo Investments, LLC, announced today that it has purchased the Doubletree Guest Suites Nashville Airport and will undertake a multi-million-dollar upgrade of the 138-suite hotel. 
 
Hospitality Ventures will manage the daily operations of the Doubletree Guest Suites Nashville Airport, located at 2424 Atrium Way just off Briley Parkway and only two miles from the Nashville International Airport.  Geronimo Investments provided mezzanine and equity capital and will also provide asset management services.

Renovations to the hotel will involve all 
guest rooms, public spaces and the


Doubletree Nashville Guest Suites
2424 Atrium Way
Nashville, Tennessee
building�s exterior.  The project is scheduled to begin in early November with an anticipated completion date of April 2004.  The hotel will remain open throughout the project, which will be implemented with minimal guest interruption orinconvenience.

�With an attractive purchase price combined with the hotel�s upgraded features following our renovation, we plan on offering Nashville�s best overall hotel value to both business and leisure travelers,� said Robert Cole, President & CEO of Hospitality Ventures. 

Located in the heart of the Airport/Opryland sector near all interstate interchanges, the Doubletree Guest Suites Nashville Airport is the perfect combination of location and luxury to business and leisure travelers alike.  Each of the hotel�s 138 spacious guest suites is luxuriously appointed with separate living and sleeping rooms, two TVs, high-speed Internet access, two telephones with dataports, work desk, voice mail, coffeemaker, refrigerator, hairdryer, and iron with board. The Bistro Restaurant offers delicious American favorites in a casual atmosphere for breakfast, lunch and dinner.  The Bistro Lounge also is open daily for cocktails in comfortable surroundings off the lobby.

The Double tree also offers room service, an indoor/outdoor heated pool, fitness area with state-of-the-art exercise equipment and free weights, business center and more than 2,600 square feet of flexible meeting space.

About Hospitality Ventures, LLC 
Founded in 2001, Hospitality Ventures, LLC, is a privately owned, fully-integrated Atlanta-based hotel ownership and management firm.  The principals of Hospitality Ventures are the previous principals and founders of Impac Hotel Group. The company currently owns and operates six hotels, consisting of 945 rooms.  All six hotels operate underfranchise agreements with Marriott or Hilton. The properties are located in Texas, New Jersey, Maine, Alabama and Tennessee.

About Geronimo Investments, LLC 
Geronimo Investments, LLC, is the joint venture partner of Hospitality Ventures and provided equity and mezzanine financing for the Doubletree Suites Nashville Airport acquisition.  Geronimo participates as a partner with Hospitality Ventures in their entire portfolio of hotels.  Geronimo is a diversified investment firm that makes mezzanine and equity investments in hotels and other commercial real estate with the potential to achieve superior rates of return.

Contact:
HOSPITALITY VENTURES, LLC
100 Tower Place 3340 
Peachtree Road, Suite 605
Atlanta, GA   30326
Phone:  (404) 467-9299
Also See: Restored Nashville Landmark, The Historic Hermitage Hotel Reopens; Aims for Lodging Industry's Highest Ratings / Feb 2003
Lanting Hotel Group, Inc.Completes Multi-million Dollar Renovation of The Radisson Hotel Nashville Airport, Formerly the Clarion Hotel / Nov 2002


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