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Milestone Development Group
Mixed-Use Development, Grantville, Pennsylvania




                E


                                             C
                                    B
                                        A
                                              D



                                                        Key Statistics
   Purchased approximate 69-acre vacant parcel from local farming family in September 2004 across Station Road from Milestone
    Hotel Partners’ existing Holiday Inn Harrisburg-Hershey Hotel;
   Purchased Texaco Gas Station and approximate 3-acre parcel from independent owner/operator in October 2005;
   Redevelopment of 72-acre parcel to include:
        A. 59-room Focused Service Hotel (land sale);
        B. branded restaurants ranging in size from 5,000 to 10,000 square feet (land sales);
        C. 4,000 square foot gasoline “super station” and convenience store (build-to-suit/lease);
        D. 2,500 square foot branded bank (land sale);
        E. Up to 120 single family and/or townhouse units (to be built and marketed by MDG); and more than 500 parking spaces.




                                                               1
Milestone Development Group
Mixed-Use Development, LaGrange, Kentucky

                   E


                    D

            A                 C

          B




                                                        Key Statistics
   Purchased existing Days Inn Hotel and approximate 10-acre parcel from Milestone Hotel Partners in July 2006;
   Purchased existing BP Gas Station and approximate 2-acre parcel from independent owner/operator in November 2005;
   Preservation of approximate 3-acre parcel located in environmentally protected zone;
   Redevelopment of 12-acre parcel to include:
         A. 14,550 square foot Walgreens (build-to-suit/lease);
         B. 4,500 square foot Commonwealth Bank (land sale);
         C. 96-room Focused Service Hotel (land sale);
         D. 5,000 square foot nationally branded restaurant (land sale);
         E. 10,000 square foot, 2-story office building (build-to-suit/lease); and 337 parking spaces;
   Successful negotiation of Land Subdivision and Declaration of Easements, Covenants, Conditions and Restrictions among the
    various tenants of the condominium parcel.


                                                               2
Milestone Development Group
Mixed-Use Development, Gatlinburg, Tennessee




                                                      Key Statistics
   Negotiated purchase of approximate 5-acre vacant parcel in
    May 2006 in thriving arts & crafts district in Gatlinburg;
                                                                               B
   Development to include:
       A. 150-unit Extended Stay Hotel (to be built by MDG             A
            and operated by MHM);
       B. Up to 12 townhouse units (to be built and marketed               C
            by MDG);
       C. 10,000 square foot catering and banqueting facility
            (build and operate); and 155 parking spaces;




                                                             3

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MDG Current Projects

  • 1. Milestone Development Group Mixed-Use Development, Grantville, Pennsylvania E C B A D Key Statistics  Purchased approximate 69-acre vacant parcel from local farming family in September 2004 across Station Road from Milestone Hotel Partners’ existing Holiday Inn Harrisburg-Hershey Hotel;  Purchased Texaco Gas Station and approximate 3-acre parcel from independent owner/operator in October 2005;  Redevelopment of 72-acre parcel to include: A. 59-room Focused Service Hotel (land sale); B. branded restaurants ranging in size from 5,000 to 10,000 square feet (land sales); C. 4,000 square foot gasoline “super station” and convenience store (build-to-suit/lease); D. 2,500 square foot branded bank (land sale); E. Up to 120 single family and/or townhouse units (to be built and marketed by MDG); and more than 500 parking spaces. 1
  • 2. Milestone Development Group Mixed-Use Development, LaGrange, Kentucky E D A C B Key Statistics  Purchased existing Days Inn Hotel and approximate 10-acre parcel from Milestone Hotel Partners in July 2006;  Purchased existing BP Gas Station and approximate 2-acre parcel from independent owner/operator in November 2005;  Preservation of approximate 3-acre parcel located in environmentally protected zone;  Redevelopment of 12-acre parcel to include: A. 14,550 square foot Walgreens (build-to-suit/lease); B. 4,500 square foot Commonwealth Bank (land sale); C. 96-room Focused Service Hotel (land sale); D. 5,000 square foot nationally branded restaurant (land sale); E. 10,000 square foot, 2-story office building (build-to-suit/lease); and 337 parking spaces;  Successful negotiation of Land Subdivision and Declaration of Easements, Covenants, Conditions and Restrictions among the various tenants of the condominium parcel. 2
  • 3. Milestone Development Group Mixed-Use Development, Gatlinburg, Tennessee Key Statistics  Negotiated purchase of approximate 5-acre vacant parcel in May 2006 in thriving arts & crafts district in Gatlinburg; B  Development to include: A. 150-unit Extended Stay Hotel (to be built by MDG A and operated by MHM); B. Up to 12 townhouse units (to be built and marketed C by MDG); C. 10,000 square foot catering and banqueting facility (build and operate); and 155 parking spaces; 3