Redstone Companies Hospitality Signs Extension with Vanderbilt Legends Club

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. May 10, 2012

HOUSTON, TX - MAY 10, 2012 - Redstone Companies Hospitality and its' subsidiary Redstone Golf Management signed a three-year management extension to continue managing Vanderbilt Legends Club in Franklin, TN. Redstone originally partnered with Vanderbilt University in 2006 to manage the golf club and during that time, Redstone helped to take Vanderbilt Legends Club fully private, renovate the clubhouse, redo the greens on one of their two 18-hole courses and host the Franklin American Mortgage Championship LPGA event. In addition, Redstone has helped Vanderbilt Legends Club to elevate their club experience, service levels and help to grow and retain their golf and social memberships.

“We are thrilled to extend the partnership with Redstone Companies Hospitality to continue managing Vanderbilt Legends Club,” stated Cliff Joyner, Assistant Vice Chancellor for Real Estate Operations for Vanderbilt University. “Redstone and Vanderbilt have a mutual commitment to quality and Redstone has helped us successfully manage the Club during the economic downturn, while maintaining a great property for the membership and entire university community to enjoy.”

Vanderbilt Legends Club will be hosting the upcoming 2012 NCAA Women's Golf Championship this May and will be redoing the greens on the second 18-hole course this summer.

“Vanderbilt University has been a great partner and continues to have a commitment to providing a first-class experience for its members and guests at Vanderbilt Legends Club,” said Evan Johansen, Senior VP of Development for Redstone Companies Hospitality. “Vanderbilt is a wonderful complement to Redstone's portfolio of golf clubs with that commitment along with the tremendous facilities and member offerings.”

About Redstone Companies Hospitality

Redstone Companies Hospitality is an experienced, relationship-based leader in management and consulting services in the hotel, spa, golf and fitness industries. They are committed to developing long-term relationships with strategic solutions to grow businesses with a structured yet flexible personalized approach. Owned and operated properties include The Houstonian Hotel, Club & Spa; Houstonian Lite-Pennzoil Building; Shadow Hawk Golf Club; The Houstonian Golf & Country Club; Redstone Golf Club and BlackHorse Golf Club. Managed properties include Lakeway Resort and Spa in Austin, Texas, Houstonian Lite-Wells Fargo Building, and Vanderbilt Legends Golf Club at Vanderbilt University.

Redstone Companies Hospitality is a division of The Redstone Companies, a privately owned company located in Houston, Texas that specializes in hospitality, real estate and private equity. For more information on Redstone Companies Hospitality and their properties, please visit www.redstonecompanieshospitality.com.

About Vanderbilt Legends Club

Tucked between rolling hills and breathtaking panoramas, Vanderbilt Legends Club's private facility features two championship golf courses co-designed by Hall of Fame golfer Tom Kite and renowned golf course architect Bob Cupp. Each course is designed to challenge golfers of all skill levels as they meander through scenic ponds and lush, contoured countryside. Alongside the tournament-caliber courses is a state-of-the-art, 19-acre practice facility equipped with double-tees, two putting greens and a short-game area with practice bunkers.

Since opening in 1992, Vanderbilt Legends Club has been widely recognized as Middle Tennessee's premier golf facility and has played host to numerous marquee events, including LPGA Tour tournaments, U.S. Senior Open Qualifying and U.S. Girls Junior Championship. The Club is also the home of the prestigious Vanderbilt University Men's and Women's golf teams. For more information, please visit www.vanderbiltlegendsclub.com.