CHASE PARK PLAZA TO OPEN PREMIER FITNESS CLUB

ST. LOUIS (Aug. 19, 2007) — The developers of the Chase Park Plaza have announced plans to construct a high-end, state-of-the-art fitness and wellness center in collaboration with Dallas-based Meritage Healthcare Strategies. The new facility will replace the hotel’s existing fitness center and will reflect both the prestige of The Chase Park Plaza and Meritage’s extensive experience in designing and operating wellness centers. Owners of The Private Residences at The Chase Park Plaza, hotel guests and public members will all be welcome at the yet-to-be-named facility, slated to open in January 2008.

“This health and fitness center will complement the hotel services and offer another unprecedented amenity for
The Private Residences at The Chase Park Plaza,” said Marcia Smith Niedringhaus, one of the developers of The Private Residences at The Chase Park Plaza and the hotel. “Exceeding the expectations of residents and guests is always our goal, and we expect this new facility to offer rejuvenation for the mind, body and spirit.”

The collaboration marks Meritage’s first hotel-based project in the St. Louis area. Denver-based Ohlson Lavoie Collaborative, known for its innovative designs, has been contracted as the project design architect. Additionally, Bonnie Patrick Mattalian of Club & Spa Synergy group and Michele Bell of MPower Solutions will serve as project consultants. The development team plans to share additional details as plans for the look, feel and layout for the center are fleshed out.

Judy Sewing, principal with Meritage Healthcare Strategies, said the new Chase Park Plaza facility would set a new quality standard for the area. “Our vision for the new center is going to be specifically tailored to the Chase Park Plaza and surrounding Central West End community, while reflecting our many years of experience in the health and fitness industry.”

The Chase Park Plaza development team acquired the 20,000-square-foot fitness center from its previous owner/manager earlier this summer. The two parties reached a mutually agreeable solution on the transfer. Terms were not disclosed.

About The Private Residences at The Chase Park Plaza
The Private Residences at The Chase Park Plaza will range from 1,020 square feet to 4,217 square feet and list for $395,000 to $2.6 million. Owners can choose from more than 30 floor plans, including main-floor living and multilevel retreats. Residents will have house accounts, giving them unique access to the hotel services, including 24-hour room service and concierge, catering and event support, health club and more. The Chase Park Plaza is located at 212 N. Kingshighway Blvd. in St. Louis’ Central West End.

About The Chase Park Plaza
What began as two buildings, The Chase Park Plaza has been a St. Louis landmark since the 1920s. Over the years, the Chase and Park Plaza welcomed kings, queens, rock and opera stars, athletes and politicians. The Chase became the home away from home for renowned actors, singers and politicians traveling through St. Louis, including every American president from the 1920s to the 1980s. The Chase continues to evolve, bringing storied history and lavish accommodations together with upscale living and unparalleled amenities. More than 80 years later, The Chase Park Plaza encompasses the five-screen Chase Park Plaza Cinemas, Café Eau & Bistro, The Tenderloin Room, Khorassan Room, The Zodiac Room and Starlight Roof, Chasers Lounge, a beautifully renovated conference center, The Chase Park Plaza apartments (soon to become The Private Residences at The Chase Park Plaza) and a 20,000-square-foot fitness center.

About Meritage Healthcare Strategies LLC
This medical and fitness center consulting firm was founded by Judy Sewing, David Evans, Cindy Matthews and Bill Cook, veterans of the fitness and healthcare industries. Meritage provides market research, business planning, facility development services and operational analysis for fitness and spa entrepreneurs and healthcare organizations. With over 100 years of collective experience in the healthcare and fitness industries, the Meritage team has assisted in the planning and development of fitness facilities in 15 states. They are a member of the Medical Fitness Association, the iSpa Association, the Society for Healthcare Planning and Marketing and the Healthcare Financial Management Association.