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BayStar Hotel Group, LLC develops, purchases, operates and sells all types of hotels including both full service and limited service hotels. BayStar's primary focus is primarily on premium "tier 1" limited service franchised hotels. Based in Tampa, the privately held company works with properties throughout the southeastern United States. Our management team has more than 40 years' experience in the hotel industry with Holiday Inn, the Wilson Companies and similar brands. BayStar Hotel Group, LLC was formed in 2000 to develop and operate hotels. BayStar's first project was an 85-room Hampton Inn that opened in January of 2001. BayStar purchased an undeveloped parcel of land in a growing area of Northeast Tampa, which had previously not been home any major hotel flags. The hotel was an astounding success from the first month of operation. BayStar constructed its second hotel in the same general area culminating with the opening of an 85 room Holiday Inn Express & Suites in August of 2002. BayStar has since sold both of its initial hotel projects, but continues to identify and pursue hotel opportunities in niche markets throughout Florida and the Southeastern United States. BayStar currently owns and operates four hotels located in the Tampa, Orlando and Tallahassee markets in Florida. These four hotels total over 500 rooms and include limited service Hampton Inn, a Holiday Inn Express as well as a full service Holiday Inn. BayStar carefully researches potential hotel sites in emerging growth areas using a number of criteria. We look for an untapped need for hotel rooms and meeting rooms in an area with a number of room and meeting space demand-generators. These include a positive general business climate, the presence of office buildings, industrial parks, medical facilities, universities, or government offices, along with neighborhoods to help feed the weekend traffic. In addition to developing and successfully operating our own hotels, BayStar manages properties for other owners. We also provide consulting services to hotel owners and managers in the areas of accounting and human resources systems, sales, marketing, and administration. BayStar has proven that it has the experience, knowledge and ability to develop build and operate hotels in both good and bad economies. Its site selection, timing, and industry knowledge have enabled BayStar to turn sizeable return on investment for itself as well as its investors / partners. BayStar continues to actively pursue existing hotels and developable sites throughout its target area.