The John Hardy Group Completes Phase 1 of Lake Lawn Resort

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. October 14, 2008

ATLANTA, GA, October 3, 2006. The John Hardy Group is pleased to announce the completion of the first phase of a multi phase $390-million development plan to modernize and expand the historic Lake Lawn Resort.

The John Hardy Group was retained to provide development assistance in creating a Master Plan to transform Lake Lawn, which is located on approximately 1.5 miles of Delavan Lake shoreline, into a four-star mixed-use resort. The proposed plan included:

-- More than 1,220 guest-room suites, including the remodeling of 222 of the resort's existing rooms and the addition of 1,000 new condo hotel rooms;

-- A 80,000-square-foot indoor water park;

-- A 165-slip marina and boardwalk, featuring a retail complex;

-- A 30,000-square foot destination spa, with 90 luxury spa suites attached to the spa;

-- A redesigned golf course with a new clubhouse;

Five new destination restaurants, along with food courts, delis, ice cream parlors and specialty coffee shops; and 150,000 square feet of new or newly renovated flexible meeting space, including meeting rooms and conference center.

The first phase of the redevelopment included renovating many of the resort's existing buildings, including: 222 condo-hotel suites, loft suites, extensive exterior facade work, landscaping and the Discovery Center. This phase was completed during the summer of 2006.