BAYSTAR HOTEL GROUP FACT SHEET (Updated October 2009)

BayStar Hotel Group, LLC (www.baystarhotels.com) is a privately held hotel company that develops, acquires, operates and sells hotels in the southeastern United States. Its headquarters are located at 500 N. Westshore Blvd. Suite 740, Tampa, Fla. 33609 and can be reached at 813-849-0001.

Formed in 2000, the company concentrates on developing respected brands, such as Hampton Inns and Holiday Inn flags, in niche markets, either underserved or emerging growth areas. With more than 40 years experience in the hospitality industry, BayStar’s management team also consults with other hotel owners and/or manages their properties. The firm provides accounting, sales, marketing, administrative, and human resource systems as well as counsel.

Under Development

The Hotel Indigo Tampa Downtown-Channelside
Developing. Seven-story, 168 rooms, 175,000 square feet. Approximately 3,500 square feet of retail space and 2,700 square feet of meeting space, and a PHI Cafe, serving breakfast and dinner. $29 million. Located at 125 S. 11th Street in the downtown Tampa Channelside district.

Owned and Operated by BayStar Hotel Group

Holiday Inn Express Hotel & Suites – Largo Central Park — Largo, FL
Developed. Five-story, 95 rooms (including 29 suites), 65,000 square feet. 100-seat meeting room, executive board room. $11 million. Located at 210 Seminole Blvd., Largo. Opened in June 2009.

The Hotel Indigo – St. Petersburg Historic Downtown District
Acquired Heritage Hotel for $7 million in 2008 and converted in Feb. 2009, investing more than $3 million in renovations. Three-floors, 76 rooms, including five suites, plus 2,000 square feet of meeting space. Hardwood floors, area rugs, signature floor-to-ceiling murals, flat-screen TVs, spa-style showers in guest rooms. Phi Cafe, featuring Starbucks, serves fast-casual gourmet fare for breakfast and dinner. Free wireless Internet access, swimming pool, sundeck and whirlpool spa. Complimentary “Phitness” Studio for work outs. Located at 234 Third Ave. North, downtown St. Petersburg, Fla.

Holiday Inn – State Capitol East – Tallahassee
Acquired. The four-story, 150-room hotel is less than two miles from the State Capitol building, located across from Governors Square shopping mall at 1335 Apalachee Parkway, Tallahassee, 850-877-3171. BayStar purchased the hotel for $6.3 million on Feb. 2, 2006, and invested an additional $750,000 in a full cosmetic upgrade.

Holiday Inn Express – Lake Buena Vista
Converted. BayStar purchased the 7-story, 200-room hotel in Sept. 2005 for $12.5 million and invested another $1.8 million to upgrade and convert the former Radisson into a Holiday Inn Express. Located at 8686 Palm Parkway, Orlando, Fla. 32836, the Holiday Inn Express – Lake Buena Vista can be reached at 407-239-8400. The hotel began receiving guests under the Holiday Inn Express brand on Dec. 15, 2005.

Hampton Inn & Suites – Largo Central Park
Developed. Opened Dec. 22, 2005, the five-story, 92-room hotel is located at 100 East Bay Drive. The 63,000-square-foot property includes 27 studio suites and meeting rooms that accommodate up to 90.

Under a Consulting Contract with Baystar Hotel Group

Holiday Inn Express & Suites – Clearwater North/Dunedin
Consulting Contract. BayStar has provided management consulting services since 2001 to the owners of this three-story property. The hotel received the franchise’s “Newcomer’s Award” in 2002. It also won the Torch Bearer Award from the Global Investors Conference for InterContinental Hotels Group in 2003 and 2004. This award recognizes outstanding customer satisfaction and highlights the hotel as one of the top fifteen properties in the system.

Previously Owned Projects

Hampton Inn & Suites - Tampa East
Developed and Sold. Opened Nov. 22, 2005, the four-story, 75-room, $7 million property is located at 11740 Tampa Gateway in Seffner, Fla. and can be reached at 813-630-4321. Facing I-4 at Exit 10, near Lazy Days RV Super Center and Gator Ford, this was the first new-construction prototype of the “Make it Hampton” initiative. Sold in 2007.

Holiday Inn Express Hotel & Suites – Orlando International Airport
Converted and sold. The four-story, 107-suite property is located at 7900 Conway Road, approximately 1.5 miles from the Orlando International Airport. BayStar acquired the former Comfort Inn, for $6.3 million in June 2004 and invested $1 million in upgrades and sold it in Dec. 2006.

Holiday Inn Express Hotel & Suites – Tampa
Developed and Sold. BayStar developed this 85-room, four-story property at 9402 Corporate Lake Dr., near the Veteran’s Expressway and opened it on June 25, 2002. BayStar managed it profitably until the company sold the hotel in August 2005.

Hampton Inn-Tampa Airport North
This was the first hotel developed by BayStar. The 86-room, five-story property at 5628 W. Waters Ave. near the Veteran’s Expressway opened on Jan. 12, 2001 and was completely booked for Super Bowl weekend that year. In late 2002, a buyer approached BayStar, which ultimately sold the hotel in March 2003.















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