CSM Corporation Announces Acquisition

3rd Feb 2004

CSM Lodging announced the acquisition of the Residence Inn Minneapolis -
Eden Prairie on Friday, January 30, making it the 27th Marriott hotel
owned and operated by Minneapolis based CSM Lodging, under a franchise
agreement with Marriott International, Inc.

The 126-room Residence Inn Minneapolis - Eden Prairie is located at 7780
Flying Cloud Drive in Eden Prairie, MN and is situated on the Northeast
side of Interstate 494 and Highway 212. This residential-style hotel is
designed primarily for extended-stay business travelers. The property
features studio suites and penthouse suites. Each suite has a fully
equipped kitchen with refrigerator, stove, microwave, dishwasher and
coffee maker along with a separate living room area and a fireplace in
select rooms. The Eden Prairie Residence Inn will complement the two
existing CSM hotels in that market.

“The addition of this hotel to the CSM family complements our current
portfolio. We anticipate acquiring several hotels this year, not only in
our base here in Minneapolis but in other markets, as well. Our plan is to
completely renovate the suites and public space and update the technology
to meet the needs of the current business traveler,” said Robin Kirk,
President of CSM Lodging. “This includes high-speed Internet access in
every suite as well as a state-of-the-art business center.”

CSM Lodging is a division of CSM Corporation which owns and operates
Marriott, Hilton and Country Inn Hotels and currently has 32 hotels across
the United States.

CSM Corporation, founded in 1976, is headquartered in Minneapolis,
Minnesota. CSM Corporation has engaged in the acquisition, development,
leasing, management, and ownership of quality real estate assets. The
extensive portfolio includes retail, industrial, multi-family residential,
and hotel properties across the continental United States. CSM Lodging has
been recognized as Marriott`s “Developer of the Year” for their
contribution to the tremendous growth and increase in market presence of
limited service Marriott hotels.


Residence Inn, with more than 440 hotels in the United States, Canada and
Mexico, is a division of Marriott International, Inc., a leading worldwide
hospitality company with over 2,600 lodging properties in the United
States and 68 other countries and territories.

The mission of CSM Lodging is to develop and manage the finest hotels
through an association with the best brands, and to continuously deliver
outstanding guest service.



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