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Larkspur to Convert 5 Candlewood Suites

Larkspur Hospitality has
announced that it will convert five Candlewood Suites hotels to it’s
flagship brand, Larkspur Landing, Home Suite Hotel, effective December
30, 2004. Larkspur Hospitality will invest over $5 million into the
conversion process. The Candlewood Suites hotels in Milpitas, CA;
Pleasanton, CA; Sacramento, CA; Hillsboro, OR; and Bellevue, WA will join
the six current Larkspur Landing hotels located in areas of Northern
California and the Pacific Northwest. Larkspur Landing hotels are Arts-and-Crafts inspired upscale all-suite
hotels, providing fully-equipped kitchens, the Larkspur signature
FeatherBorne Bed(SM), in-room DVD players, complimentary laundry
facilities, spa, exercise room and the new Healthy Start breakfast.
Specializing in genuine, personalized service, Larkspur Landing hotels
also offer Your Home Office @ Larkspur, featuring complimentary in-room
high-speed Internet access, extra large work space in every room and
complimentary state-of-the-art business centers complete with T-1
connected computers, color printers, fax machines and color copiers.
Larkspur Landings are known for repeatedly achieving some of the very
highest guest satisfaction scores in the hotel industry, as measured by
Market Metrix.

“This is a very exciting event in our company’s history,” said Karl
Hoagland, chairman, president, and CEO of Larkspur Hospitality. “Making
the decision to convert our Candlewood Suites hotels to Larkspur Landing
hotels is a natural strategic step that will allow us to bring our own
hotel concept to more of our guests by almost doubling the number of
Larkspur Landing hotels, from six to 11. This is great news for travelers,
as Larkspur Landing hotels are known, above all else, for extraordinary
guest service and satisfaction.”

“We greatly value our relationship with InterContinental Hotels Group and
we appreciate their understanding, assistance and cooperation in making
this transition as smooth as possible,” continued Hoagland. “They have
done a fantastic job of acquiring and integrating the Candlewood Suites
hotel system over this year. We have seen improvements in the Candlewood
Suites system from our friends at IHG, but this decision is driven by our
overall business strategy and passionate commitment to the guests of our
Larkspur Landing hotels.”