JL Properties, Inc. to Break Ground on Two Marriott Hotels Near Walt Disney World Resort in Florida

The 248-key SpringHill Suites and the 250-key TownePlace Suites will Open in January 2016

. October 10, 2014

Anchorage, AK / Bay Lake, FL - October 10, 2014 - JL Properties, Inc., a national, diversified esidential and commercial real estate development and management firm based in Anchorage, Alaska will be breaking ground on the SpringHill Suites and TownePlace Suites by Marriott hotels located in Flamingo Crossings on October 16. The hotel project will be developed by its company's subsidiary, JL-FX Hotel Development, LLC, and operated by Yedla Management Company. The project is slated to open January 2016 and is expected to create about 125 full-time jobs.

"We are pleased to bring a quality development to the Central Florida tourism corridor," states Jonathan Rubini, Chairman and CEO of JL Properties, Inc. "We have been looking to develop the right branded hotels in the best location for several years and feel confident that we have hit a home run by being the first development to build in Flamingo Crossings."

Flamingo Crossings is a pedestrian-friendly, mixed-use tourist district conveniently located outside the Western entrance to Walt Disney World Resort. The unique district, master-planned by Walt Disney Imagineering, is designed for the value-conscious traveler, featuring hotels, retail, casual and fast-food dining, gas, grocery and services.

The 248-key all-suite SpringHill Suites, located at 13279 Flamingo Crossings Blvd., will be a hotel experience infused with space and style designed to appeal to business and leisure travelers who seek stylish, fun and spacious, yet functional accommodations at an affordable price.

The hotel will feature complimentary hot breakfast served daily, The Market (24/7 access to food and beverage, snacks and sundries), approximately 1,500 square feet of flexible meeting & event space, free wireless high-speed Internet (Wi-Fi) throughout the property and in all guest suites, lobby computer and on-site business services.

The guest suites feature spacious king and double queen suites, pull-out sofa bed and lounge chair, plush bedding, well-designed space with separate areas for sleep, work and relaxation, large well-lit work desk and ergonomic chair, free in-suite high-speed Internet, microwave, mini-fridge and coffeemaker, large flat screen television with free cable and premium movie channels.

The 250-key extended stay TownePlace Suites hotel, located at 13295 Flamingo Crossings Blvd., will deliver a unique stay experience by providing thoughtful spaces for both working and relaxing and helps guest settle in by acclimating them to the neighborhood through the TowneMap® map wall, which displays local favorite restaurants, services and attractions. A moderately priced brand, TownePlace Suites offers a tiered rate structure based on length of stays for travelers who are on the road for a longer period of time.

The hotel will offer guests the option of spacious studio suites as well as two-bedroom suites, a cozy lobby, approximately 1,500 square feet of flexible meeting & event space, guest laundry, business services, free Wi-Fi throughout the hotel, In a Pinch® 24/7 food/beverage pantry, complimentary breakfast, Complimentary On Us® 24-hour coffee service and is pet-friendly.

The guest suites will feature Home OfficeTM Suite with significantly improved work and storage areas, large flat screen television with cable, including HBO, fully-equipped kitchen and free in-room high-speed Internet access.

For the convenience and enjoyment of guests, both the SpringHill Suites and TownePlace Suites will feature a coffee bar serving freshly brewed coffee, cappuccino, and espresso as well as freshly prepared bakery products with stay in service or to go options.

In addition, guests at both hotels will also share the unique amenities such as the state-of-the art fitness center, resort-style swimming pool, whirlpool spa, lounging areas and athletic facilities. Visiting athletic teams will enjoy and benefit from the several sports practice fields with batting cages and picnic areas. The complex will boast a dynamic outdoor poolside restaurant and bar with interior and exterior seating featuring full lunch and dinner service/menu offerings, light bites as well as a full liquor bar.

About JL Properties, Inc.

Based in Anchorage, Alaska, JL Properties, Inc. was formed in 1990 by the two current principals, Jonathan Rubini and Leonard Hyde. Today, Mr. Rubini and Mr. Hyde are supported by an experienced staff, which includes property managers, building engineers and a JL sophisticated system of fiscal control and management. Over the Company's 19-year history, JL Properties, Inc. has grown and managed a portfolio owned by affiliated entities with a

market value in excess of one billion dollars. Their company specializes in multiple areas of development including: government projects, commercial office building development, retail

development, third party development, industrial properties, military housing, Fairbanks residential properties, philanthropic development, commercial property acquired portfolio and redevelopment projects. For more information, visit jlproperties.com.

About TownePlace Suites

TownePlace Suites by Marriott is an all-suite, extended-stay hotel brand in the moderate price range. Ranked #1 for mid-price extended stays by Business Travel News' Hotel Chain Survey in 2011 and 2012, TownePlace Suites is the only brand to rank at the top of its tier for both years. Ideal for travelers who need accommodations for longer stays, TownePlace Suites offer studio, one-bedroom and two-bedroom suites with fully equipped kitchens and separate living/working and sleeping areas. Launched in 1997, the brand currently has more than 200

locations in the United States and Canada. TownePlace Suites participates in the award-winning Marriott Rewards® frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information or reservations, contact the TownePlace Suites toll-free number at 800-257-3000 or visit towneplacesuites.com or become a fan at facebook.com/towneplacesuites or twitter.com/towneplacesuites

About SpringHill Suites

SpringHill Suites by Marriott is an all-suite brand that offers design and style at an affordable price, appealing to both business and leisure travelers. Ranked highest in the Guest Satisfaction Study for the Upscale Brand Segment by J.D. Power and Associates' 2012 North America Guest Satisfaction Index Study, the brand features spacious suites and smart layouts that allow guests to relax and reenergize. Launched in 1998, the brand currently has nearly 300 locations in the United States and Canada. SpringHill Suites participates in the award-winning Marriott Rewards® frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information or reservations, contact theSpringHill Suites toll-free number at 888-287-9400, visit springhillsuites.com or become a fan at facebook.com/springhillsuites or twitter.com/springhillsuites

About Yedla Management Company

Based in Huntsville, AL and a satellite office in Orlando, FL, Yedla Management Company (YMC) operates full service, focused service and lifestyle hotels throughout the country with brand affiliations including Marriott, Starwood and Hilton. YMC's hotels are consistently awarded the highest honors in guest satisfaction and overall excellence within the hospitality industry. The company offers vast experience in all areas of hospitality management and development with a proven record and strong resources to support essential functions during the development, preopening and operational stages. YMC's expertise covers all disciplines including hotel operations, sales, revenue management, food & beverage, human resources, accounting/finance, marketing, public relations, engineering, construction/design and information technology. For additional information, contact Stuart Newmark at 407-230-7055 or visit yedlahotels.com.

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