BAYSTAR HOTEL GROUP TO DEVELOP HAMPTON INN IN DOWNTOWN LARGO

Developer’s ties to area date back to his youth

TAMPA (May 31, 2004) — BayStar Hotel Group, LLC is developing a five-story, $8 million Hampton Inn & Suites Hotel on East Bay Drive in downtown Largo. With traditional guest rooms and studio suites, the 92-room, 63,000-square-foot hotel will serve business and leisure guests. 4th Q 2005

The Tampa-based hotel development and management company is purchasing the 2.6-acre site from the City of Largo. BayStar Hotel Group plans to break ground this summer and open the Hampton Inn in the first quarter of 2005.

The new hotel will have 2,000 square feet of meeting space including two meeting rooms that can be combined to accommodate meetings of up to 100 in addition to a smaller board room. Amenities will include a heated pool, an exercise facility and a Suite Shoppe sundry store. The Hampton Inn will also offer a complimentary Continental Breakfast, free in-room movies, two-line telephones with free local calls, high-speed Internet access. The room rates will range from $89 to $139. Like all BayStar Hotels, the Largo Hampton Inn welcomes pets.

The Hampton Inn & Suites – Largo Towne Center will be located at the intersection of Seminole Boulevard at East Bay Drive across from Largo Central Park.

“It’s clear that Largo is becoming a growth community and the area’s location near a business hub and the beaches makes it appealing to business as well as leisure travelers,” said George Glover, chairman and CEO of BayStar Hotel Group. “The hotel’s amenities will also be attractive to community organizations in need of meeting space.”

It’s a homecoming of sorts for Glover, who grew up in the area and recently returned as a resident. His first job was making popcorn at the Largo Theatre, once owned by his father, Henry. The elder Glover, who developed and operated theaters, was also active in the local banking and civic community.

His history with the area gives Glover a perspective on the impact of the community’s growth on property values. His father paid $80,000 for a 20-acre parcel near downtown Largo in 1965 for the Thunderbird Drive-In. The 2.6-acre Hampton Inn site cost $800,000.

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