Contact Lodging Capital Partners

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					FOR IMMEDIATE RELEASE

CONTACT:
Steve Kisielica
Lodging Capital Partners, LLC
312-229-1604
skisielica@lodgingcapital.com



                LODGING CAPITAL PARTNERS PURCHASES THE FAIRMONT ORCHID, HAWAII

                LCP Teams with Westbrook Partners and Farallon Capital to Purchase it’s 5th Luxury Hotel


Chicago, IL, May 19, 2006 –Lodging Capital Partners, LLC announces it has teamed up with Westbrook Partners and Farallon
Capital to purchase the Fairmont Orchid, a 540-room luxury resort on Hawaii’s Kohala Coast. This 32-acre beachside resort
includes luxurious amenities such as the award-winning “spa without walls,” and access to 36 holes of championship golf.


“We are excited to add this irreplaceable asset to our growing portfolio. We look forward to taking this property to the next
level of luxury in Hawaii,” said Steve Kisielica of Lodging Capital Partners, LLC, who recently purchased the hotel with
Westbrook Partners and Farallon Capital.


Included in the purchase is excess developable land where ownership intends to create a one-of-a-kind residential resort
development.


About Lodging Capital Partners

LCP was formed in 2004 by David Sims, Bradley Falk and Steve Kisielica to become a premier owner of full-service hotels,
primarily in the United States and in selected international markets. Members of LCP have combined 35 years of experience in
hotel valuation, acquisitions, financing, asset management and dispositions. The team have purchased over $5.0 billion of
properties, implemented over $7.0 billion of financings, raised over $1.5 billion of public and private equity and sold $1 billion
worth of assets, all of which relate to full-service hotels and resorts. It’s current portfolio includes assets such as: the Four
Seasons Austin, the Conrad Chicago, the Fairmont Orchid on Hawaii’s Big Island, the Snake River Lodge & Spa in Jackson
Hole, and the Four Seasons Vail (under development). Additional information can be found at www.lodgingcapital.com.

				
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