W Hollywood Hotel & Resiences Recognized by Southern Califonria Development Forum with 2009 Presidential Award

Gatehouse Capital, W Hollywood Developer Will be Honored with Special SCDF Presidential Award on Dec

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. December 09, 2009

LOS ANGELES, CA, December 8, 2009 - On December 8th, the Southern California Development Forum (SCDF) will honor Gatehouse Capital with the SCDF 2009 Presidential Award for the W Hollywood Hotel & Residences during the organization's highly anticipated Design Awards event. The $350 million landmark property will open in January with 143 W branded residences and a 305-room W hotel.

“I am quite proud to present Gatehouse Capital with the SCDF 2009 Presidential Award for W Hollywood Hotel & Residences,” said SCDF President Hraztan Zeitlian. “The innovative modern design of the development, combined with a keen awareness of environmental sustainability, has truly positioned this project as worthy of honor. It has raised the bar for sustainable, mixed-use development going forward, and we want to honor Gatehouse Capital's vision and determination in bringing it to fruition.”

The SCDF Design Awards recognize outstanding design contributions and commitment to the business environment and the communities in Southern California. As one of Southern California's premiere real estate organizations, SCDF members include commercial and industrial real estate developers, real estate attorneys, financial institutions, land use planners, architects, engineers, contractors, brokers and real estate leaders.

“For over 10 years, we have worked to bring the W Hollywood to the corner Hollywood and Vine and I am thrilled that day has almost arrived,” said Marty Collins, President and CEO, Gatehouse Capital. “I am honored that Gatehouse is being recognized by the SCDF for our work and want to share this award with our innovative design team of architects, artists, and designers. The W Hollywood is fortunate to have a very strong collaboration of national, regional and emerging design professionals on a design-driven project whose specialties are modern, forward design with strong traditions in sustainability.”

The W Hollywood design team includes:

HKS Architects
Daly Genik Architects
Rios Clementi Hale Studios
designstudio ltd.
Sussman/Prejza & Co.
Lendrum Fine Art

This year, the SCDF Design Awards will be given to deserving projects submitted in the following categories: commercial/mixed use buildings, institutional buildings (civic, education, healthcare), residential buildings (all scales), hospitality, interiors and the outstanding concept/unbuilt award.

The Design Awards will be held on Tuesday, December 8 from 7:15 a.m. - 9:00 a.m. at the Luxe Summit Hotel in Bel Air. The awards were chosen by a prestigious jury whose members include: Clare DeBriere, The Ratkovich Group; Ted Hyman, ZG; Warren Jacobs, CSU; and Dan Rosenfeld, Office of County Supervisor Mark Ridley-Thomas. For more information on the awards, visit www.scdf.org

About W Hollywood Residences:
The W Hollywood Hotel & Residences is the first branded property providing hotel, retail and contemporary for-sale residences in Los Angeles. With 305 guest rooms and 143 W-branded Residences, a signature restaurant, a rooftop bar, bliss® spa and retail space, the $350 million development at Hollywood & Vine offers a world-class lifestyle opportunity boasting: W's signature Whatever/Whenever service; cutting-edge design including contemporary finishes, lush landscaping, and artistic flair; and innovative living spaces complete with dramatic views, premiere nightlife and exclusive restaurants. The property is jointly owned by HEI Hospitality, a hotel investment and operating company, and Gatehouse Capital, a Dallas-based real estate investment firm. Starwood Hotels and Resorts Worldwide, Inc., W's parent company, will operate the hotel and residences.

About Southern California Development Forum:
The Southern California Development Forum has evolved into one of Southern California's premiere real estate organizations. The SCDF's members include commercial and industrial real estate Developers, real estate Attorneys, Financial institutions and corporations with significant real estate portfolios, land use Planners, Architects, Engineers, Contractors, Brokers and Real Estate Leaders in Southern California. SCDF has become the "place to be" in recent months, with interesting monthly Breakfast Panel Presentations on topics relevant to Business, held on the second Tuesday of each month at the Luxe Summit Hotel in Brentwood. At the End of each Year, SCDF holds a special Design Awards Event.