BMC to Manage Ellis Hotel in Atlanta

Formerly Boykin Management Company

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. October 14, 2008

CHARLOTTE, NC, August 30, 2007. Boykin Management Company (BMC), one of the nation's leading independent hotel and resort management companies, is pleased to announce its management of The Ellis Hotel, a 127-room modern boutique hotel located in Atlanta, Georgia.

Located at the intersection of Ellis and Peachtree Street and named after the street that runs along the north side of the building, The Ellis Hotel tells the story of a new day for downtown Atlanta. RD Management LLC purchased the building for $2.2 million in 2000 and embarked on an extensive $26 million historic rehabilitation of this historic landmark into one of the city's hottest new destinations. Prior to that, the building stood vacant for decades as the city rapidly built up around it.

Stevens & Wilkinson Stang & Newdow partnered with Juneau Construction to meticulously preserve The Ellis's original floor plan while putting the hotel back into service and maintaining the historical integrity including returning the signature "air terrace" that once hung over Peachtree Street. Cleveland-based Spectrum Design Services spearheaded the postmodern classic contemporary interior design.

There was care taken to preserve the building's facades and replace all the windows with exact replicas. This historic rehab has an eye to both the past and present with its clean and timeless interior design and furnishings featuring stone and wood floors in the public space areas.

"We have attempted to create classic post-modern interiors to pay homage to the classic and historical structure in which the hotel resides.," said Susan Griffin, partner, Kelco/RD Management. "We hope that the interiors and exteriors are a perfect complement to one another. Thanks to the historical footprint that guided the property's interiors, the guests will enjoy oversized windows with stunning City views and no two rooms are alike on each floor. The lodging experience is truly unique to this wonderful historic structure. We selected BMC to operate the property early on in the project as a result of their extensive experience with independent properties and focus on individualized service standards in such a unique hotel."

"We are delighted that RD Management has selected BMC to lead The Ellis Hotel through its transformation and positioning as one of the premier boutique hotels in downtown Atlanta. Enhanced to a new level of luxury, we feel certain that this hotel will provide guests with a memorable experience." stated Joseph Smith, President of BMC.

Set to debut in the fall of 2007, The Ellis Hotel blends a legendary past with the plush comforts of tomorrow. Escape the standard collection of Atlanta Georgia luxury hotels. Enter a realm of boutique-style luxury and services, which includes:

o 75-seat restaurant and lounge, with a balcony overlooking downtown

o State-of-the-art fitness room

o Modern business center

o Two stylish meeting rooms, accommodating up to 25 guests

o Pillow top mattresses

o 32" LCD flat screen televisions

Boasting supreme comfort and innovative service, The Ellis Hotel will redefine excellence for luxury hotels in Atlanta, Georgia. Rely on expert staff of friendly professionals for the perfect balance of privacy and attention - from valet and laundry services to restaurant recommendations. Guests will stay connected with property-wide Internet access and a full-service business center.

The Ellis Hotel is a legendary link between Atlanta's storied past and its stylish present. Stay here for luxury accommodations, personalized service, and unmatched access to downtown attractions and corporations. To make a reservation or for more information please call 1-404-523-5155 or visit www.ellishotel.com.