WINDSOR CAPITAL TO CONVERT OFFICE BUILDING INTO HOTEL PROPERTY

PHOENIX — Phoenix-based Windsor Capital LLC has selected Phoenix-based Summit Builders to provide design/build services for the conversion of an existing 121,000-square-foot office building into a Hilton Garden Inn. Located on Van Buren Street in Phoenix, the property will undergo complete interior demolition and removal of exterior skin to become a 192-unit hotel. The 10-story hotel will feature a swimming pool, lobby, lounge, restrooms, conference rooms, a stairwell, a kitchen, a restaurant, laundry facilities, a fitness center and a business center. Additionally all mechanical, plumbing and electrical systems are being replaced. Phoenix-based Orcutt Winslow is also providing design services for the project. Interior demolition is currently underway with construction scheduled to commence second quarter 2008 with completion slated for late fourth quarter 2008.