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Eagle Hospitality Acquires Puerto Rican Casino

29 June 2005

PUERTO RICO – As reported by the Cincinnati Business Courier: "Eagle Hospitality Properties Trust Inc. of Covington has acquired the 299-suite Embassy Suites San Juan Hotel and Casino in Isla Verde Carolina, Puerto Rico, for $60 million. The all-suite hotel is located in the Isla Verde Beach area.

"The hotel will continue to be managed by Hilton Hotels (NYSE: HLT). The property opened in 1997. The eight-story hotel features 9,300 square feet of meeting space, including a 4,400-square-foot ballroom. Additional amenities include a fitness center, 200-seat Outback Steakhouse restaurant, two lounges and a business center, as well as an outdoor pool complex. The hotel also has an adjacent 6,000-square-foot casino operated by Hilton…"

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