COMPLETION OF NAPAS HILTON GARDEN INN FACILITATED BY HALL FINANCIAL GROUP

Hall Financial Group announced today the opening of the 80-room Hilton Garden Inn in Napa, Calif. for which it provided $2.25 million in preferred equity for the hotel development.

FRISCO, TX -- SEPTEMBER 16, 2002 --Hall Financial Group announced today the opening of the 80-room Hilton Garden Inn in Napa, Calif. for which it provided $2.25 million in preferred equity for the hotel development. The Company provided the funding to Presidio Hotel Napa, LLC, the boutique hotels manager and developer.

"Hall Financial Group tailored a flexible financing structure meeting our projects specific needs," said Sushil Patel, a principal with Presidio Hotel Group. "With their real estate expertise we were able to complete the hotel adhering to the quality design already in place."

Donald Braun, president of Hall Financial Group, said, "Owners and developers are increasingly looking to entrepreneurial sources as providers of mezzanine and gap financing. Our entrepreneurial approach allows us to provide greater flexibility in meeting the needs of developers such as Presidio."

In August, Hall Financial Group announced four structured finance transactions totaling $16.8 million in the multifamily, hospitality and senior living market sectors. In 2002, the Company has funded both operational enhancements and new construction through first lien, mezzanine and preferred equity arrangements.

The Hilton Garden Inn at 3585 Solano Avenue features a signature glass-walled pavilion housing the reception area, the Great American Grill‚ restaurant serving breakfast, lunch and dinner, a wine bar offering varied local wines, a comfortable lounge area with a television and fireplace, a 1,250 square feet of business meeting area, a 24-hour complimentary business center and an on-site laundry facility.

Guest room accommodations showcase artwork representing the Napa viniculture, a hospitality center with a microwave oven, a coffee maker and a mini refrigerator, a sitting area with an easy chair and ottoman, in-room entertainment and information services. Sixteen deluxe suites with in-room whirlpools will be available. Recreational facilities will include a fitness room, an outdoor swimming pool and hot tub. The hotels reservation line is 707-252-0444.

ABOUT HALL FINANCIAL GROUPS STRUCTURED REAL ESTATE FINANCE DIVISION
Hall Financial Groups structured real estate finance division provides gap and bridge financing for real estate assets. The Company pursues opportunities, where through its liquidity, financial strength and real estate expertise, it can set itself apart. The Company does so by meeting the needs of owners and developers in arranging customized financial solutions for their properties and projects. Hall Financial Group has committed $100 million to the origination and placement of mezzanine debt and equity loans in 2002 with an emphasis on the construction and renovation of properties in the hospitality, multifamily and office market sectors.

ABOUT HALL FINANCIAL GROUP
Founded in 1968 by chairman Craig Hall, Hall Financial Group holds diversified interests and investments in both the United States and Europe. The companys primary business focus continues to be real estate ownership, management and development, direct equity investments, providing mezzanine debt and equity financing, and investing in select technology opportunities through its affiliate Skywire Software. Hall Financial Group is the developer and manager of the award winning, signature Hall Office Park development in Frisco, Texas. For more information, visit www.hallfinancial.com.

ABOUT PRESIDIO HOTEL GROUP
Presidio Hotel Group, LLC, specializes in hospitality management and development. Based in Fairfield, CA, this company locates special opportunities for developments or acquisitions of new or existing hotel properties. Presidio is developing or acquiring a number of hotel locations for properties located in and between the San Francisco Bay area and Sacramento.

# # #