1

Milestone Development GroupMixed-Use Development, Grantville, Pennsylvania

Purchased approximate 69-acre vacant parcel from local farming family in September 2004 across Station Road from Milestone

Hotel Partners’ existing Holiday Inn Harrisburg-Hershey Hotel; Purchased Texaco Gas Station and approximate 3-acre parcel from independent owner/operator in October 2005; Redevelopment of 72-acre parcel to include:

A. 59-room Focused Service Hotel (land sale);

B. branded restaurants ranging in size from 5,000 to 10,000 square feet (land sales);

C. 4,000 square foot gasoline “super station” and convenience store (build-to-suit/lease);

D. 2,500 square foot branded bank (land sale);

E. Up to 120 single family and/or townhouse units (to be built and marketed by MDG); and more than 500 parking spaces.

Key Statistics

A

BC

D

E

2

Milestone Development GroupMixed-Use Development, LaGrange, Kentucky

Purchased existing Days Inn Hotel and approximate 10-acre parcel from Milestone Hotel Partners in July 2006; Purchased existing BP Gas Station and approximate 2-acre parcel from independent owner/operator in November 2005; Preservation of approximate 3-acre parcel located in environmentally protected zone; Redevelopment of 12-acre parcel to include:

A. 14,550 square foot Walgreens (build-to-suit/lease);

B. 4,500 square foot Commonwealth Bank (land sale);

C. 96-room Focused Service Hotel (land sale);

D. 5,000 square foot nationally branded restaurant (land sale);

E. 10,000 square foot, 2-story office building (build-to-suit/lease); and 337 parking spaces; Successful negotiation of Land Subdivision and Declaration of Easements, Covenants, Conditions and Restrictions among the

various tenants of the condominium parcel.

A

B

C

D

E

Key Statistics

3

Milestone Development GroupMixed-Use Development, Gatlinburg, Tennessee

Negotiated purchase of approximate 5-acre vacant parcel in

May 2006 in thriving arts & crafts district in Gatlinburg; Development to include:

A. 150-unit Extended Stay Hotel (to be built by MDG

and operated by MHM);

B. Up to 12 townhouse units (to be built and marketed

by MDG);

C. 10,000 square foot catering and banqueting facility

(build and operate); and 155 parking spaces;

A

B

C

Key Statistics