2005 ACQUISITION CRITERIA SHEET


LOCATION
Atlanta, Austin, Boston, Chicago, Houston, Los Angeles area, Miami, New York, Palm Beach, Philadelphia, Portland, San Diego, San Francisco, Seattle, Washington DC
PRODUCT TYPE
Business or Domestic U.S. Resort
SIZE

75 to 300 rooms.
FEATURES
Seeking full-service hotels to reposition that require capital improvement. Assets need to be delivered unencumbered by management and brand affiliation.
PURCHASE TERMS
All cash. Fee simple, leasehold, and/or joint venture. Range: $20 million to $100 million for each project.
MANAGEMENT
Would evaluate third-party management & branding.


Please keep in mind that these are only guidelines. Each property is analyzed and reviewed on an individual basis.

Should you have a property you wish to submit for review, we can assure you a confidential and timely response.

Melrose Hotel Corporation LLC manages four upper-upscale hotels. They are in New York City, Washington, DC, Dallas, TX and Columbus, OH. Melrose is a joint venture between senior management of Melrose and Berwind Corporation; (a multi-billion dollar, Pennsylvania based, privately-held investment company).

Please visit www.melrosehotel.com or www.berwind.com.