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PRESS RELEASE: Acquisition of the Pell City, Alabama Portfolio

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Pell City, Alabama (May. 7, 2014) — Jacobs Real Estate Advisors today announced the successful acquisition of the Holiday Inn Express & Suites Pell City and the Hampton Inn Pell City as well as the appointment of the management contract to JREA Management. Both companies will work cohesively to ensure that the Pell City Portfolio remains the first-rate properties in the area.

Jacobs Real Estate Advisors LLC has been acquiring hotels throughout the United States for the past 18 months. Focusing on properties that have an inherent community significance and unrealized intrinsic value, Jacobs has had great success. The Pell City portfolio was acquired from Peachtree Hotel Group, a well known hospitality investment and management company for $11.3 million. The Holiday Inn Express & Suites Pell City and the Hampton Inn Pell City will be held by two newly formed companies Jacobs Pell HI, LLC and Jacobs Pell HP, LLC, respectively.

At the Pell City Properties, Director of Hotels, Tom French is working alongside current staff to ensure that the JREA Management value added philosophy is embodied. With the current management team, led by Nancy Gerety, the JREA Management approach will ensure that the Pell City, Alabama properties are the best leading hotels in the area.

Tom and the JREA Management team will be playing a leading role in a reinvestment focused on guest rooms and guest areas. The portfolio will go through a million dollar renovation in the coming months. The update to rooms and guest areas will ensure the hotels continue to impress guests. Upon completion, guests will experience a modern, inviting first floor with interactive, communal spaces for conducting business, socializing or enjoying a drink or meal.

“I am excited to add these hotels to our real estate portfolio and management company,” Sholom Jacobs, Principal at Jacobs Real Estate Advisors said. “These properties are premium properties and to know we can add value here is a great feeling. We have had great success over the past eighteen months with hotels throughout the country, so purchasing properties in an area we are familiar with was a great next play for us.”

The portfolio is conveniently located adjacent to Alabama State Route 20. The area is best known for its Talladega Superspeedway “Dega” where 175,000 people gather biannually to watch the race. The area also boasts the Logan Martin Lake, Barber Motorsport’s Park and Museum and the Birmingham Race Course.

To learn more about JREA Management’s and Jacobs Real Estate Advisors newest hotel, visit our companies online at www.jreamanagement.com and www.jacobsrea.com. For reservations or to book your next group, contact the the Holiday Inn Express & Suites Pell City at (205)884-0047 and the Hampton Inn Pell City at (205) 814-3000.

ABOUT JACOBS REAL ESTATE ADVISORS LLC COMPANY

Jacobs Real Estate Advisors, a New York based real estate investment firm is renowned for its portfolio of above market performing properties as well as its active management techniques. The company’s growing portfolio includes hotel and commercial properties throughout the United States. The company is best known for its family values and its commitment to investors. JREA Management is the management arm for its sister company Jacobs Real Estate Advisors. JREA Management exclusively manages Jacobs Real Estate Advisors properties, this close relationship ensures that investors, employees, and the portfolio exceed expectations. These privately held companies have over a decade of investment and management experience, with the staffs experience spanning the last quarter century.

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