Sheraton Edison Hotel Raritan Center Embarks on a Multi-Million Dollar Reinvention : Comprehensive Renovation Occurs in Unison with Sheraton Brand Revitalization

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The Buccini/Pollin Group – a leading real estate development, management and ownership company, today announced plans for the extensive multi-million dollar renovation – or reinvention – of the Sheraton Edison Hotel Raritan Center. PM Hospitality Strategies, Inc. (PMHS), a hotel management affiliate of Buccini/Pollin, is spearheading the service delivery for the reinvention, while BPGS Construction is tasked with handling the construction completion. Furthermore, the reinvention is being completed in conjunction with Sheraton’s global effort to revitalize their brand with a comprehensive new design of lobbies and guests rooms. The Sheraton Edison will reopen in December 2008.

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From focus groups to demand-based research, the reinvented hotel is destined to be a product worthy of their vision.

"We are thrilled to bring Edison and its clientele an innovative, completely reinvented first-class hotel worthy of the area's history," states Dave Pollin, President of Buccini/Pollin. "Our plans are extensive so that upon completion, the Sheraton Edison will be a premier business and leisure destination."

Named for Thomas Edison's Menlo Park lab, Edison, NJ is home to over 400 inventions, including the light bulb, streetlight and the phonograph. Developed in the 1980's, the Sheraton Edison Hotel Raritan Center was – and remains – one of New Jersey's most notable hotels in the center of the largest business park east of the Mississippi River.

"Since we began managing the Sheraton Edison in November of 2007 for Buccini/Pollin, PMHS has been in constant contact with the hotel's clientele," states Greg Miller, President of PMHS. "From focus groups to demand-based research, the reinvented hotel is destined to be a product worthy of their vision."

Highlights in the reinvention include a completely new lobby area that will feature a full-service Starbucks coffee outlet; Link @ Sheraton experienced with Microsoft® Internet café; an American-style bistro and upscale lounge and bar; and a fully updated audio/visual infrastructure in all meeting rooms. In the guestrooms, all 276 rooms will have completely new furnishings, flat panel HD TV's, remodeled bathrooms, and new HVAC controls. Additionally, the Sheraton Edison will be one of the first hotels to be rolling out the Core Performance® (http://www.coreperformance.com) fitness programming designed specifically for Sheraton hotels.

The Sheraton Edison offers 12,000 square feet of versatile function space. Other amenities include a state-of-the-art fitness center, indoor pool, spa and sauna.

Located in Edison, New Jersey, the Sheraton Edison is just 14 miles from Newark Liberty International Airport, a half hour from New York City and the scenic New Jersey Shore, and only minutes away from Staten Island. The 12-story hotel is easily accessible from Amtrak, the New Jersey Turnpike, Garden State Parkway, Route 287, Route 440 and Route 1.

The hotel's reinvention is expected to be completed by year-end 2008. For more information on the Sheraton Edison, please visit http://www.sheraton.com/edison.

ABOUT THE BUCCINI/POLLIN GROUP, INC. (Buccini/Pollin) – Buccini/Pollin is a privately held, full-service real estate acquisition, development and management company with offices in Washington, DC, Wilmington, DE, Philadelphia, PA, Baltimore, MD, New York, NY and Beijing, PRC. Formed in 1993, Buccini/Pollin develops and acquires hotel, office, residential, retail, and parking properties in the Mid-Atlantic and Northeast regions of the United States. On behalf of its principals, investors and financial partners, Buccini/Pollin has acquired or developed real estate assets having a value in excess of $3.0 billion, including seven million square feet of office, flex office, and retail space in 69 buildings, 23 internationally branded hotels, and 9 major residential communities.

The principals of Buccini/Pollin, along with BPG Real Estate Partners, LLC (real estate investment funds), PM Hospitality Strategies, Inc. (hotel operating company), BPGS Construction, LLC (construction management) and BPG Real Estate Services, LLC (office and industrial property management and leasing), oversee all aspects of project acquisition, finance, construction, leasing, operations, and disposition for its portfolio properties. Buccini/Pollin's ability to rely on the expertise of its own in-house professionals for construction and management efficiencies is integral to the firm's success and its superior investment returns.

PM HOSPITALITY STRATEGIES, INC. (PMHS) is the hotel management affiliate of The Buccini/Pollin Group (Buccini/Pollin). Based in Washington, DC, the company manages all of Buccini/Pollin's hotel assets, providing development, technical consulting, on-site management, and accounting expertise.

Concentrated in the Mid-Atlantic, PMHS manages full-service and select-service hotels in the Hilton, Starwood, Marriott and Choice families of brands. Since the opening of its first hotel in 1996, PMHS has participated in the development and acquisition/renovation of 23 hotels with a market capitalization approaching $1 billion. PMHS is currently pursuing international growth, having recently opened an office in Beijing, PRC. PM Hospitalities Strategies, Inc. is a Starwood Preferred Management Company for Westin, Sheraton, Four Points by Sheraton, aloft and element brands.

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