Crestline Capital Corp. is developing the 300-room Sugar Land Marriott Town Square and adjacent Sugar Land Conference Center now under construction in Sugar Land, TX, an upscale community located 20 miles southwest of downtown Houston. Crestline will own the majority equity interest in the project and operate the hotel through its subsidiary, Crestline Hotels & Resorts. The project is being developed as a public-private partnership between Crestline, Stormont Hospitality Group LLC of Atlanta, and the Sugar Land Town Square Development Authority, a local government corporation of the City of Sugar Land. Southwest Bank of Texas and Regent Partners of Atlanta are the lenders for the project. Completion is planned for Fall 2003. The property will be the first full-service hotel in Fort Bend County, and will serve as the centerpiece of a new $200 million mixed-use town center, Sugar Land Town Square, located at the intersection of US 59 and Highway 6 in Sugar Land, the fastest growing among Texas' top 45 cities. The hotel's 300 guestrooms and suites will be within a 9-story building, and will be supported by a 2-story conference center with 25,500 square feet of net meeting space. The project will feature a 15,500 square- foot ballroom, 8 additional meeting and breakout rooms, a business center, an executive boardroom, 184-seat restaurant and lounge, gourmet coffee shop and a fitness facility. As part of the Sugar Land Town Square development, the hotel will be immediately adjacent to future retail and restaurant offerings. Bruce Wardinski, chairman, president and CEO of Crestline Capital, stated, "The Sugar Land Marriott Town Square illustrates our ability to work with public-private partners and the addition of this management contract solidifies our presence in conference center management."