Market Overview

Shaner Hotels Announces Opening of 123-Room Fairfield Inn & Suites Harrisburg

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First Marriott-Branded Hotel Located Adjacent to Harrisburg
International Airport

Officials of Shaner Hotels, an award winning, international hotel owner,
operator and developer, today announced the opening of the 123-room
Fairfield Inn & Suites Harrisburg. Owned and operated by Shaner Hotels,
the hotel is located on land leased from the Susquehanna Area Regional
Airport Authority (SARAA), a joint-municipal authority that operates
four regional airports,

"With the opening of the Fairfield Inn & Suites Harrisburg, arriving and
departing Harrisburg International Airport (HIA) travelers now have
convenient, brand new accommodations adjacent to the gates," said
Timothy Edwards, HIA executive director. "No longer will visitors have
to travel nearly ten miles for a place to stay. Not only does this make
life more convenient for travelers, but it also improves the
practicality of the airport itself."

"Our portfolio now includes four hotels in Central Pa., and we maintain
an active pipeline with additional projects in the area, including a
project in Mechanicsburg that we plan to break ground on shortly," added
Lance Shaner, chairman and CEO. "Beyond sharing best practices and
economies of scale, the Fairfield Inn & Suites Harrisburg will benefit
from its proximity to the airport, literally connected to the airport
terminals via walkway, as well as the fact that it is the first
Marriott-branded hotel near the airport."

Situated just steps from HersheyPark, Hershey's Chocolate World, the PSU
Hershey Medical Center, downtown Harrisburg and Pen State Harrisburg
Campus, the four-story hotel is located adjacent to the Harrisburg
International Airport (HIA). Hotel amenities include on-site laundry,
fitness room, business center and 1,600 square feet of meeting space. As
with all Fairfield Inn & Suites, guests are invited to enjoy a daily,
complimentary breakfast, as well as a lobby lounge and full-service bar
that offers a wide array of drinks and small bites food menu.

"We continue to have an aggressive, yet measured, appetite to grow our
international portfolio of select- and full-service hotels located in
key markets with strong demand generators and high barriers to entry,"
said Plato Ghinos, Shaner president. "The Fairfield Inn & Suites
Harrisburg is a prime example of the type of location we seek: a
regional airport that serves nearly 1.2 million people annually with
nearby business, leisure and educational outlets. We are confident the
hotel quickly will become the market leader for Harrisburg-area
visitors."

HIA serves central Pennsylvania, making it the state's third busiest
airport. All major airlines have hub locations at the airport, including
non-stop international flights to Toronto, Ontario, Canada.
Additionally, FedEx and UPS have extensive facilities at the airport,
which also serves as a take-off/landing practice runway for Air Force
One.

About Shaner Hotels

Headquartered in State College, Pa., Shaner Hotels is one of the
foremost owner-operator companies in the hospitality industry with more
than $1 billion invested in 50 hotel properties owned and managed across
the U.S., Italy and the Bahamas. Over the past 40 years, the company has
also been engaged in both new development and redevelopment of more than
80 hotel projects with leading brand affiliations such as Marriott
International, Hilton Hotels & Resorts, InterContinental Hotels and
Choice Hotels. New properties are constantly evaluated as Shaner Hotels
continues a conservative yet opportunistic approach to growth. For more
information about the company and its divisions visit www.shanercorp.com.

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