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Press Release

New JW Marriott Hotel Los Angeles Opens at L.A. Live

February 16, 2010

The JW Marriott Hotel Los Angeles – one of two hotels within the 54-story Hotel & Residences at L.A. Live – has opened and welcomed its first guests.

Featuring 878 guest rooms, including 52 luxury suites – the most of any Los Angeles hotel – the JW Marriott occupies the first 21 floors of the hotel/condominium tower, which serves as the cornerstone of L.A. Live, the $2.5 billion sports, residential and entertainment district developed by AEG on land adjacent to the Staples Center and the L.A. Convention Center in downtown Los Angeles.

MacFarlane Partners invested in the development of the Hotel & Residences at L.A. Live through a joint venture with AEG, one of the leading sports and entertainment presenters in the world. The firm made the investment on behalf of MacFarlane Urban Real Estate Fund II, its institutional real estate fund that invests in development, redevelopment and repositioning projects in urban and high-density suburban areas nationwide.

In addition to the JW Marriott, the Hotel & Residences at L.A. Live also houses a 123-room Ritz- Carlton hotel (on floors 22 through 26), 224 Ritz-Carlton Residences condominiums (on floors 27 through 54), and approximately 200,000 square feet of ballroom/meeting room space. The Ritz- Carlton hotel is scheduled to open this spring.

Within the JW Marriott, hotel guests can visit Glance, a wine bar and lounge set in the midst of the hotel’s two-story lobby; the Mixing Room, a classic cocktail lounge; a 4,000-square-foot fitness center; a outdoor rooftop pool and bar; and L.A. Market, the signature, full-service restaurant created by acclaimed “Rock ‘n Roll” celebrity chef Kerry Simon.

JW Marriott guests also will be able to access the Ritz-Carlton’s 8,000-square-foot spa on the tower’s second floor – the only full-service spa in downtown Los Angeles.

L.A. Live, which began development in 1999 with the opening of the Staples Center, encompasses four million square feet and also features the Nokia Theatre LA. Live, home to the EMMY Awards, the ESPY Awards and the American Music Awards; Club Nokia, a 2,300-seat, live-music venue; the Regal Cinemas L.A. Live Stadium 14 movie theater; 13 restaurants, including Wolfgang Puck Bar and Grill; the GRAMMY Museum; and ESPN broadcast facilities; all of which are configured around the 40,000-square-foot, open-air Nokia Plaza.

Click here to read the press release issued by AEG on February 16, 2010.

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