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Two Historic Texas Hotels Will Undergo over $50 million in Improvements; 
Jeff Trigger to Oversee Renovation of The Stoneleigh Hotel
and St. Anthony Hotel 

DALLAS - Aug. 11, 2006 -- Two historic Texas hotels, the St. Anthony Hotel in downtown San Antonio and the historic Stoneleigh Hotel in Uptown Dallas, will undergo over $50 million in improvements designed to return both properties to the "grand dame" status they enjoyed in their glory days. The owners of both hotels, New York-based Apollo Real Estate Advisors and Apollo's partner in The Stoneleigh Hotel, Dallas-based Prescott Realty Group, have struck new agreements with Austin-based La Corsha Hospitality Group -- founded and led by 25-plus year hotel industry veteran, Jeff Trigger -- to lead the restorations and management of both hotels. 

In addition to the two monumental hotel restorations, The Tower Residences at The Stoneleigh Hotel, a new 22-story luxury residential high-rise, will be built adjacent to The Stoneleigh Hotel. 

The multi-million-dollar changes for both hotels include extensive refurbishing rooms and lobby areas, public spaces, restaurants, bars and spa facilities. Complete modernization of the infrastructure and "back-of-house areas" will be included. 

The management of the historic downtown St. Anthony Hotel in San Antonio will transfer from Wyndham Hotels and Resorts to La Corsha. The hotel will remain a part of the Wyndham flag, under the Wyndham historic designation. 

Trigger's extensive hotel management experience includes repositioning and overseeing the renovations at three other historic Texas hotels, including serving as Managing Director for two of Dallas' finest hotels -- The Mansion on Turtle Creek and The Adolphus Hotel. Most recently, in his role as Managing Director of The Driskill Hotel in downtown Austin, Trigger oversaw the $30 million restoration effort that brought the hotel to its four-diamond status. 

"We are delighted to have Jeff Trigger join us as a partner as we embark this month on the total renovation of Dallas' first and soon-to-be finest hotel, the legendary Stoneleigh Hotel," said Jud Pankey, president of Prescott Realty Group. "Jeff's reputation as one of the leading Hoteliers in the nation, coupled with his hands-on experience in transforming both The Driskill Hotel and The Adolphus Hotel from tired old hotels to dynamic new properties -- while retaining their unique and historic charm -- makes him the perfect partner for guiding us in the dramatic redevelopment of The Stoneleigh Hotel in Dallas." 

"The same can be said for the impending renovation of San Antonio's venerable St. Anthony Hotel," added Randy Torres of Apollo Real Estate. 

The Tower Residences adjacent to the
Stoneleigh Hotel (Wolf Street Entrance)

St. Anthony Hotel
San Antonio
"They will never build another St. Anthony or Stoneleigh in their respective markets," said Trigger. "These historic properties are worth reinvestment and restoration efforts that pay attention to everything from the big picture to the seemingly smallest of details." 
Trigger has been named to the list of "Best Hotel Managers in the World" by Leaders Magazine and listed as a "General Manager of the Year" by Business Traveler Magazine. 

Construction will begin later this year on The St. Anthony Hotel, which will remain open during the anticipated 24-month project. Initial efforts began in July on The Stoneleigh Hotel -- a grand reopening is expected in summer 2007. Construction is expected to commence in August 2006 for The Tower Residences adjacent to The Stoneleigh Hotel property. 

About Apollo Real Estate Advisors, L.P. 
Apollo Real Estate Advisors is one of the most active and prominent opportunistic real estate investors in the U.S. and internationally. Apollo specializes in acquiring under-managed and distressed properties and developing or redeveloping properties in major urban areas throughout the U.S. and Europe. Since Apollo's founding in 1993, the firm has overseen the investment of eight real estate funds totaling more than $5 billion in equity. The firm's Web site is 

About Prescott Realty Group 
Prescott Realty Group ( is a Dallas-based, full-service commercial real estate investment, development and operating company. The company focuses its resources on neo-traditional, urban infill sites and mixed-use developments providing people live/work/play pedestrian oriented neighborhoods. 

About La Corsha Hospitality Group 
La Corsha Hospitality Group is an Austin, Texas-based hotel management and consulting company. The company was founded in July 2006 by 25-plus year hotel industry veteran Jeff Trigger. The La Corsha name honors Trigger's two daughters, Coralee and Shannon. Trigger and his associates have an extensive background that specializes in repositioning and restoring historic hotel properties. His signature world-class work can be seen in the properties he's previously overseen transformations of, including downtown Austin's The Driskill Hotel, in Dallas hotels like The Mansion on Turtle Creek and The Adolphus Hotel. Trigger has been named to the list of "Best Hotel Managers in The World" by Leaders Magazine and listed as a "General Manager of The Year" by Business Traveler Magazine.


La Corsha Hospitality Group
Jeff Trigger, 512-472-8100

Also See: Wyndham Palm Springs and The St. Anthony Now Managed by Wyndham / October 2001
Prescott Realty Group and Apollo Real Estate Advisors Planning to Spend $100 million on Adding a Condo Tower and Renovating The Stonleigh Hotel in Dallas / June 2005
The Stoneleigh, Dallas, TX Discovers a Hidden Secret: The Grape Room / May 1998
 Director Makes Guests and Himself at Home at Rosewood Hotels' Mansion on Turtle Creek/ June 1997 / Dallas Morning News

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