HAMPTON INN & SUITES PURCHASED BY MAGNA HOSPITALITY GROUP, AN INTERNATIONAL HOTEL COMPANY BASED IN MARYLAND

ANNAPOLIS, MD. (May 30, 2003) - Today, NMG -Warwick, LLC, an affiliate of Magna Hospitality Group L.C., an Annapolis, MD. based hotel ownership and management company, announced the purchase of the Hampton Inn & Suites, located at the T.F. Green Airport in Providence/Warwick, Rhode Island. The Hampton Inn & Suites Providence/Warwick Airport features 125 guest rooms and 48 extended stay suites with fully equipped kitchens. Each guest accommodation includes a coffee maker, iron and ironing board, data port, free local calls, a free buffet breakfast, and complimentary USA Today newspaper. Additional hotel amenities include a Suite Shop convenience store, and three meeting rooms of which the largest can seat 100 persons, an indoor swimming pool,and fitness room. The Hampton Inn & Suites Providence/Warwick, is one of only five hotels in the entire Hampton Inn chain that has a full service lounge for its customers. Other Magna-owned and managed lodging properties include the Comfort Suites BWI Airport, MD., which Magna also recently acquired, The Hampton Inn Bowie, MD.,the Eastland Park Hotel in Portland, Maine; the Hotel Lawrence in Dallas; the Clarion Hotel & Conference Center Antietam Creek in Hagerstown, MD.; the Holiday Inn Ft. Lauderdale/Plantation/Sawgrass in Florida, and Le Grand Lodge in Quebec.

The Hampton Inn & Suites Providence/Warwick enjoys a premier location with its close proximity to T.F.Green Airport, local businesses such as Leviton, Zebra Technologies, Amgen, Met Life, and the downtown attractions of Providence and nearby Newport.

HAMPTON INN & SUITES PURCHASED BY MAGNA HOSPITALITY GROUP, AN INTERNATIONAL HOTEL COMPANY BASED IN MARYLAND

"Magna Hospitality Group looks forward to this great addition of the Hampton Inn & Suites to its portfolio. We plan on making some minor cosmetic improvements to the hotel, and maintaining its current stature as the market leader for the business and leisure traveler," said Magna president William F. Burruss. "We intend upon building upon the current success of The Hampton Inn & Suites Providence/Warwick". "Travelers have grown to expect the high level of comfort and service associated with the Hampton Inn name," said Burruss. "We are proud to operate under the Hampton flag."

The Magna Hospitality Group was formed in 1998. Burruss, Magna's founder, also was the co-founder and president of Grand Heritage Hotels. Additional Magna principals are Paul E. Denyer, who held equity positions in Grand Heritage Hotels, and Robert A. Indeglia, who served as outside legal Counsel for Grand Heritage Hotels until it was sold to Patriot American Hospitality in 1997. At the time of its sale, Grand Heritage owned and/or managed 25 historic hotels in the United States, including the Biltmore in Providence, Rhode Island, and franchised and supported more than 80 hotels in Europe.

All Hampton Inn hotels offer an unconditional 100% Satisfaction Guarantee, which assures guests that they will be completely satisfied or their night's stay is free. Every Hampton Inn hotel also provides guests with fresh, clean, comfortable accommodations and friendly, reliable service.

The hotel chain features many value-added services and amenities for consumers, including a free breakfast bar, free local telephone calls, no surcharge for long-distance access when using a calling card, a free in-room movie channel, an in-room coffee maker, iron and ironing board, free accommodations for children 18 years old and younger when sharing a room with their parents, and 75 percent of guest rooms designated as non-smoking.

To make reservations or request information about Hampton Inn, travelers may access the Hampton Inn website at www.hamptoninn.com or call Hampton Inn's national toll-free number, 1-800-HAMPTON (1-800-426-7866).

Hampton is part of Hilton Hotels Corporation, recognized Internationally as a preeminent hospitality company. The company develops, owns, manages or franchises approximately 2,000 hotels, resorts and vacation ownership properties.

Its portfolio includes many of the world's best known and most highly regarded hotel brands, including Hilton®, ConradÔ, Doubletree®, Embassy Suites Hotels®, Hampton Inn®, Hampton Inn & Suites®, Harrison Conference Centers®, Hilton Garden Inn®, Hilton Grand Vacations Company®, and Homewood Suites® by Hilton.

The Hampton inn & suites

The Hampton Inn & Suites Providence/Warwick is located at 2100 Post Road, Warwick, RI 02886.

For reservations or more information:

Local: 1-401-739-8888

Fax: 1-401-739-1550

Web travelers may access The Hampton Inn & Suites website at www.hamptoninn.com.

Or contact the Magna Hospitality Group.