January 25, 2007

PLANO ACREAGE PURCHASED FOR HOTEL DEVELOPMENT

PLANO—APN Hospitality has purchased two tracts totaling 4.6 acres located at the northwest corner of SH-190 and  Jupiter Road for an undisclosed price. The sellers were the Highway 190 & Jupiter JV and GP Partners.

Eddie Liebman with the Investment Properties Group of The Weitzman Group handled negotiations.

APN Hospitality plans to build two hotels at the site