MHI Hospitality has entered into a
10-year franchise agreement with InterContinental through its franchising entity, Holiday Hospitality
Franchising, to brand the hotel as the Crowne Plaza Tampa
Westshore.The hotel is situated on 3.82 acres in Tampa’s Westshore Corridor, the
city’s corporate, entertainment, restaurant and shopping district, and is
within two miles of Tampa International Airport. In conjunction with the
branding the Company will extensively renovate the hotel. Major physical
renovations are expected to be completed within 18 months, with the Crowne
Plaza(R) Tampa Westshore expected to open in the first quarter of 2009.
  Andrew M. Sims, President and CEO of MHI Hospitality Corporation,
stated, “We are very pleased to partner once again with InterContinental
Hotels Group to flag our Tampa hotel acquisition as a Crowne Plaza. Our
planned repositioning and upbranding of the Crowne Plaza Tampa Westshore
makes this asset an integral and promising addition to our real estate
platform.”
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