CANDLEWOOD SUITES TO BE DEVELOPED

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EL PASO, TEXAS — Cohen Hospitality Group is developing El Paso’s first Candlewood Suites, located at the intersection of Interstate 54 and Cohen Avenue near Fort Bliss military base. The property will cost $5.2 million and will feature 92 suites over four floors. Hotel amenities will include an indoor pool, complimentary high-speed Internet access and a 24-hour fitness center. It will be managed by Cohen Hospitality Realty. Groundbreaking is expected to occur in the fourth quarter, with completion scheduled for fourth quarter 2009.

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