Marcus Opens Hilton Minneapolis/Bloomington

Hotel is Owned by an Affiliate of W. P. Carey & Co. LLC

. October 14, 2008

MILWAUKEE, WI, January 24, 2008. Marcus Hotels and Resorts, a division of The Marcus Corporation (NYSE: MCS), today announced the opening of the 256-room Hilton Minneapolis/Bloomington in Bloomington, Minnesota, an upscale western suburb of the Twin Cities, on January 26, 2008. The Hilton Minneapolis/Bloomington is the 20th property in the company's portfolio and its twelfth management contract, bringing Marcus Hotels' total hotel room count to approximately 5,200 rooms.

Marcus Hotels and Resorts provided preopening and technical services for the hotel while under development and will continue to manage the property. The hotel is owned by Corporate Property Associates 16 - Global Incorporated, an affiliate of W. P. Carey & Co. LLC (NYSE: WPC).

The Hilton Minneapolis/Bloomington serves the needs of business travelers as well as families looking for a relaxing weekend getaway. The property offers four-star amenities including a Presidential Suite plus three additional suites. All guestrooms and suites are furnished with the new Hilton Serenity Bed and ergonomically designed furniture.

Other hotel amenities include the signature Bloomington ChopHouse restaurant specializing in mouthwatering steaks, seafood and an extensive wine list, the Olive Caf'e & Bar featuring delicious American fare in a relaxing setting, an indoor swimming pool, fitness center, business center and 9,200 square feet of flexible meeting space accommodating business and social groups from 10 to 500 guests.

The new hotel offers the latest technology and luxurious amenities. All of the guestrooms are equipped with 32" flat-panel high-definition LCD televisions, both wired and wireless Internet access, a spacious desk with two phones, voice mail, dataport and a free in-room laptop safe.

"Guests will experience comfort, convenience and pampering at the new Hilton Minneapolis/Bloomington. The hotel offers free transportation to the world-famous Mall of America and other surrounding restaurants and entertainment options. The new Hilton is a great addition to this dynamic, lively and growing area for business and vacation travelers alike," said Jim Waldvogel, general manager of the Hilton Minneapolis/Bloomington.

"We are excited to add the new Hilton Minneapolis/Bloomington to our growing hotels and resorts portfolio. The special amenities, stimulating dining options, beautifully appointed guestrooms and suites and attentive service will make this new property an exceptional experience for our guests," said Bill Otto, president of Marcus Hotels and Resorts.

The Hilton Minneapolis/Bloomington is conveniently located at the intersection of Interstate 494 and France Avenue, just a short drive to the famous Mall of America where guests can experience world-class shopping, dining and entertainment. For reservations please call 1-800-Hiltons or visit www.minneapolisbloomington.hilton.com.

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