Construction Begins on Boca Bridge Hotel Waterfront Promenade

Serving Up the Only Public “Dock to Dine” Experience in Boca Raton

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. November 30, 2012

BOCA RATON, FL - November 30, 2012 - AWH Partners, LLC and The Lane Organization LLC jointly announce the construction on the pre-approved 270-foot wraparound seawall and dock at the Boca Raton Bridge Hotel. Dubbed its “waterfront promenade,” the new dock-to-dine amenity will offer guests the opportunity to arrive by boat for the only public “on-the-water” dining in Boca Raton served up at The Bridge Hotel's popular WaterColors restaurant.

The dock expansion and enhancement will flank the property's entire Lake Boca perimeter and mark the initial phase of the Boca Bridge Hotel's major “reinvention” redevelopment plan. The subsequent transformation phase, anticipated to begin in late spring/early summer will be much more comprehensive with the introduction of entirely new hospitality and dining concepts, further expansion waterfront amenities and extensive renovations of guestrooms, restaurants and public spaces.

The Bridge Hotel remains one of Boca's most notable, operating as a traditional hotel, as new ownership repositions and reinvents it to be more relevant and exciting to meet the desires and needs of today's discerning vacationers as well as social and business guests. Led by a seasoned team of designers and consultants the hotel is being completely transformed into a premier South Florida experience with its own newly positioned distinctive signature in the destination.

“Construction on the new seawall and dock is just the first step in our comprehensive transformation of the Bridge Hotel, serving as a prelude to what is in store for guests and the community in upcoming phases planned to position the property to luxury boutique hotel four-star status,” noted Russ Flicker, managing partner of AWH Partners, LLC., a joint venture between August Group Ventures, LLC and Winston Harton Holdings, LLC, in Partnership with The Lane Organization. “The best is yet to come.”

The Boca Raton Bridge Hotel is ideally located on the Intracoastal Waterway among pristine beaches, champion golf courses and world-class shopping and dining in Boca Raton. Its redevelopment includes an entirely new concept, expanded waterfront amenities as well as a new dock flanking the entire Lake Boca perimeter. Located a block from the Atlantic Ocean, the hotel offers panoramic waterfront views from every guestroom and on-site boat, wave runner and bicycle rentals. Nearby sites include golf courses, casinos, upscale shopping at the Boca Raton Town Center and village-style shopping and downtown Boca. The hotel also boasts an outdoor pool area and meeting space. Lane Hospitality will also manage the hotel's waterfront casual and fine dining restaurants.

For more information about Lane Hospitality, visit www.lanehospitality.com.

About AWH Partners, LLC
AWH Partners, LLC, a joint venture between August Group Ventures, LLC and Winston Harton Holdings, LLC, offers an experienced institutional investment and management platform with dedicated capital. For more information, visit www.awhpartners.com.

About August Group Ventures, LLC
August Group Ventures is a privately held real estate investment, development and management firm founded in 2009 by New York-based Related Companies veteran Chad Cooley to pursue opportunities in the ailing hospitality market. August Group owns and manages hotels around the United States and seeks opportunities to invest in and manage assets requiring capital, repositioning and turn-around expertise. For more information, visit www.augustgroupventures.com.

About Winston Harton Holdings, LLC Winston Harton Holdings, LLC (WHH) was established by Russell Flicker and Jonathan Rosenfeld to acquire distressed, value-added and operationally intensive real estate assets through equity and debt. Its principals have extensive experience and complementary skill sets in the real estate sector, including acquisitions (private transactions and public securities), capital markets and asset management and asset repositioning. WHH will partner with both traditional institutional capital as well as private pools of capital to pursue transactions ranging from $10 - $250 mm. For more information, visit www.whhllc.com.

About The Lane Organization LLC
The Lane Organization LLC (“Lane Organization”) was founded by Clifford P. Lane and his son Matthew in 2011. Focusing on luxury hotels, the Lane Organization enters into cities to reposition assets and team up with management firms who can assimilate to their locations while standing out amongst the competition. The Lane Organization emphasizes building strong partnerships while maintaining the company's core ideas, beliefs, and values to ensure the success of all of its properties. For more information please visit www.thelaneorganization.com.

About Lane Hospitality
Lane Hospitality offers expertise in all facets of hospitality management and is committed to preserving, protecting and enhancing the value of hotel real estate. For more information, visit www.lanehospitality.com.