Contact:
Judith Brower/James MacGregor
Brower, Miller & Cole
(949) 509-6551
jbrower@browermillercole.com

132-ROOM HAMPTON INN & SUITES BREAKS GROUND AT TURNER DEVELOPMENT CORPORATION’S TURNER RIVERWALK

• Sun Development and Management Corporation was selected as the hotel developer
• Carl’s Jr. Opens at Turner Riverwalk, Adding New Restaurant Amenity

RIVERSIDE, Calif. (May 4, 2009) — The 132-room Hampton Inn & Suites has broken ground at Turner Development Corporation’s Turner Riverwalk, a one million square-foot master planned business park in Riverside, Calif.

Riverside Lodging Associates has purchased the 2.28 acres of land at Turner Riverwalk for the development of the Hampton Inn & Suites Hotel by Hilton. Sun Development and Management Corporation is the developer of the hotel.

The hotel will be situated next to the Medical Park at Riverwalk and adjacent to the Shops at Turner Riverwalk. Turner Riverwalk is a one million square-foot master planned business park comprised of 400,000 square feet of office space, 100,000 square feet of medical office space , 375,000 square feet of R&D and industrial space, and 125,000 square feet of retail including 11 restaurants and this 132-room hotel.

“The western Riverside and Corona market is a thriving community that sorely needs a high-quality hotel to meet its lodging needs,” explained Bharat Patel, President of Sun Development and Management Corporation. “We are happy to be bringing the newest and most upscale generation of Hampton Inn & Suites by Hilton to this location.”

“Turner Development Corporation has developed one of the largest master-planned business parks in the Inland Empire and we have set a new standard for quality and amenities in this region,” added Rusty Turner, President of Turner Development Corporation, the firm who is developing Turner Riverwalk. “We know that all the businesses in the thriving Turner Riverwalk community, along with the prestigious La Sierra University nearby, are eagerly awaiting the opening of this hotel.”

“The City of Riverside is very pleased with the ground breaking of the Hampton Inn & Suites at Riverwalk,” explained Steve Adams, Riverside City Councilmember representing Ward 7. “Turner Riverwalk is one of the premier mixed-use projects in the Inland Empire and securing an upscale hotel to service the area’s businesses, universities and residents is an important milestone for the city.”

Completion of the hotel is scheduled for the first quarter of 2010. The Sun Development and Management Corporation’s portfolio includes a variety of established hospitality brands under the Hilton, Marriott, IHG and Choice brands throughout the United States and includes three Embassy Suites Hotels currently under construction in Ontario and Palmdale in Southern California, and at the Newark Airport in New Jersey.

Carl’s Jr. opened last month at The Shops at Riverwalk, which is also part of the Turner Riverwalk master planned development and in close proximity to the future 132-room Hampton Inn & Suites. This newly opened fast-casual restaurant offers another outstanding amenity for the future hotel guests, employees and visitors of Turner Riverwalk, as well as for the surrounding neighborhoods.

Turner Development Corporation is a privately held, Newport Beach-based real estate investment firm that specializes in the acquisition and development of commercial and industrial real estate in Southern California. Since 1979 the firm has successfully acquired and developed approximately 5.5 million square feet of commercial and industrial properties and more than 270 acres of land into master planned mixed use business parks throughout the Southern California area.