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MILESTONE SIGNS FRANCHISE AGREEMENT TO LICENSE ITS HOTEL PROPERTY IN DELAND, FLORIDA THROUGH CHOICE HOTELS INTERNATIONAL
April 1, 2010

BOCA RATON,
FL, Apr. 1, 2010 – Milestone Hotel Partners, LLC has signed a franchise agreement with Choice Hotels International to license its 148-room hotel located at 350 East International Speedway Boulevard, Deland, Florida as a Clarion Hotel, effective today.  As part of the planned conversion, the Hotel will undergo a comprehensive $1.5 million renovation this year.  Projects will include renovation of all 148 guest rooms as well as the public spaces, restaurant, exterior façade, and grounds.

Mason W. Mednick, Executive Vice President of Milestone, stated, “We are pleased to join the Choice Hotels system of properties.  With one of the fastest growing loyalty programs in the hotel industry and a roster of highly recognizable brands, Choice is a natural fit at this location.  Renovation of the asset in 2010 and conversion of same to the upscale Clarion brand will help maintain its position as the leading hotel in the market.”

Milestone Hotel Partners, LLC has owned and operated the Deland property since April 2000. It is the only full-service hotel in the City of Deland, offering over 5,000 square feet of flexible meeting space including a 4,000 square foot ballroom that can accommodate up to 500 guests.  The Hotel’s strategic location – a short drive from both Daytona International Speedway and beach attractions – allows it to serve as a meeting place for businesses and families alike.  Lea Ann Kish, Chief Operating Officer of Milestone, added, “We look forward to serving key business partners like Stetson University, Skydive Deland, and Florida Hospital.”

About Milestone
Milestone is a leading full-service real estate development company specializing in the ownership and operation of hotel assets. Since 1996, Milestone has acquired 22 hotel properties located in eight states totaling 3,439 rooms. The Milestone Portfolio currently consists of 15 hotels located in seven states totaling 2,552 rooms. For more information about our company, please visit us online at www.milestonehotels.com.


 

     
           
       
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