Palmetto and Festiva Open Hampton Inn

Columbia, South Carolina

. October 14, 2008

JANUARY 23, 2008. Palmetto Investment Group and Festiva Management Group are pleased to announce the opening of the newest Hampton Inn in Columbia, S.C. The 80-room Hampton Inn opened Friday January 11, 2008, four days prior to the originally scheduled date. The Hampton Inn on Clemson Road features the latest in Hampton Inn design with a residential flare. Each well-appointed guest room features high speed internet access, 32-inch flat screen high definition televisions and Hampton Inn's signature Cloud 9 bedding package. Property amenities include a well equipped business center, Suite Shoppe, Fitness Center, outdoor pool, and meeting rooms with capacities up to 100 people. The property is located in one of the fastest growing areas in Columbia in close proximity to the area's top demand generators.

The property manager is Michael Morgan, a graduate of the Florida State Hospitality School and a native to the Columbia area. Lisa Kaplan has been named the property's Director of Sales and brings years of experience in hotel sales with her.

Palmetto Investment Group is owned by local real estate developer Roger Tandon and his partner Vivek Tandon, owner of the hotel's two sister properties in Fayetteville, N.C. This is the second hotel developed by Palmetto Investment Group in the Columbia area. Their first hotel, the Holiday Inn Express on Clemson Road opened in 1999 and will undergo a significant renovation this year.

"We are excited about our newest project and are currently working toward adding more hotels into our portfolio. It is our intention to make Palmetto Investment Group a leader in providing great hotel services and amenities to our guests," said Vivek.

The property is managed by Festiva Management Group. Festiva Management Group, a subsidiary of Festiva Resorts, is a full-service professional management company specializing in hotel and resort operations and customer service to hotels, timeshare resorts, condominiums and condo hotels. With over 100 years combined industry experience on its executive team, Festiva Management Group offers expertise in the areas of development, budgeting, controls, financing, reporting, customer service and human resource management.

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