Strategic Capital Partners Invests in Boston Hotel Portfolio with Linchris Hotel Corporation

Seven million dollar renovation planned for all three assets

Boston, Massachusetts, January 9, 2008—Strategic Capital Partners (SCP) through its fund, Strategic Partners Value Enhancement Fund (SPVEF), has invested in a three-hotel, 654-room portfolio with Linchris Hotel Corporation, a
Massachusetts-based developer, manager and owner of hotel properties throughout New England. The three properties, located in Revere, Brookline and Mansfield, represent a $90 million acquisition. As part of the acquisition, Linchris and
SPVEF will begin a $7 million renovation and improvement program on the assets.

• The Holiday Inn in Brookline is located at 1200 Beacon Street, close to Kenmore Square and immediately off the MBTA Green Line that provides access to downtown Boston. The property contains 225 rooms and amenities such as a full service restaurant/lounge, a Starbucks, indoor pool, meeting center and 6,400 square feet of meeting space.

• Situated along Route 1A in Revere, The Hampton Inn Boston-Logan Airport is two miles north of Logan
  International and three miles from downtown Boston. The seven-story property opened in 2001 and contains 227 rooms.

• The Holiday Inn Mansfield is located within the Cabot Business Park at the intersection of I-495 and I-95 in
  Mansfield. The property was renovated in 2006 and has 202 rooms along with a full service restaurant/lounge, a health club, indoor pool and 15,000 square feet of meeting space.

The transaction was arranged by the Boston office of Holiday Fenoglio Fowler represented by Sarah Leggat, Greg Labine and Robyn King. HFF also arranged the third-party financing for the transaction from Anglo Irish Bank Corporation PLC.

“Strategic Capital Partners is pleased to invest with a company with such a strong reputation and track record as Linchris,” said Laurie Smith, Senior Vice President, Acquisitions of Strategic Capital Partners. “SCP’s investment in these assets
provides an opportunity to enter the Boston hotel market with well-located assets and the ability to improve cash flow through Linchris’ operational efficiency and the substantial improvements that will be made to the assets over the next 18 months.”

Linchris Hotel Corporation is a hotel management and development company headquartered in Hanover, Massachusetts. The company operates 27 hotels with more than 2,900 rooms throughout the Northeast. Officers of the company are
partners in a majority of the hotels managed by Linchris for third parties. The company’s management team calls upon nearly 100 years of combined experience in the hospitality industry.

Strategic Capital Partners, LLC (SCP) is a privately-held, real estate investment management firm that employs a value added investment strategy of acquiring commercial and multi-family properties via joint ventures with experienced real
estate operators. SCP is focused on properties across the United States that can be repositioned, re-leased and/or redeveloped. The company is headquartered in Chicago with offices in Indianapolis and New York. Learn more about SCP
at www.StrategicCapitalPartners.net.