CNL Hospitality Corp. Continues To Grow Through New Relationship with Wyndham International, Inc.

Business Editors

ORLANDO, Fla.--(BUSINESS WIRE)--Aug. 14, 2000

CNL Hospitality Corp. ("CNL") has purchased two suburban hotels from Wyndham International, Inc. (NYSE:WYN) and executed long-term leasebacks on both properties with Wyndham. The hotels, located in Billerica, Mass., and Denver, are adjacent to high-tech office parks.

CNL reached a milestone with the addition of the two Wyndham properties to its growing hotel investment portfolio. The transaction marks a diversification in CNL's portfolio, which up until now, was comprised entirely of properties affiliated with various Marriott brands.

"Our acquisition and subsequent leaseback of the Wyndham Hotels in Billerica, Mass. and Denver Tech Center match our investment strategy of acquiring smaller upscale full service hotels in major markets. This new relationship with Wyndham is an excellent example of CNL's interest in aligning itself with additional top-tier national operating companies with similar growth plans," said Charlie Muller, Chief Operating Officer of CNL Hospitality Corp.

The Wyndham properties were purchased for a combined cost of approximately $43 million. The hotels, which opened in 1999, combine technical innovation with high customer service standards for the business traveler while also providing an attractive upscale venue for each community's meetings and social markets. The full service hotels feature many of the same amenities available in Wyndham's larger downtown hotels, such as bell service, wedding and meeting coordinators, room-service, high speed Internet access and upgraded guest room and bath amenities.

"Our sale and leaseback of the Denver Tech and Billerica properties enables us to further strengthen our balance sheet, while maintaining management of these outstanding properties," said Fred J. Kleisner, President and Chief Executive Officer of Wyndham International. "We are delighted to be aligned with a high quality partner in CNL and look forward to continuing to build on that relationship as we build Wyndham into a premier hotel operating company."

The 210-room Wyndham Billerica hotel is located 30 miles north of Boston in a high-tech office park in Billerica, Mass., and was designed to meet the needs of today's business traveler and provide the community with an upscale venue for social events. The 180-room Wyndham Denver Tech Center is perfectly situated in the prestigious Denver Tech Center, approximately 10 miles south of downtown Denver in Colorado. It features 4,040 sq. ft. of flexible meeting space that is ideal for most social occasions, but is flexible enough to accommodate small business meetings.

Wyndham International, Inc. offers upscale and luxury hotel and resort accommodations through proprietary lodging brands and a management services division. Based in Dallas, Wyndham International owns, leases, manages and franchises hotels and resorts in the United States, Canada, Mexico, the Caribbean and Europe. For more information, visit www.wyndham.com.

CNL Hospitality Corp. is an affiliate of CNL Financial Group, Inc, one of the nation's largest, privately held real estate and financial services companies, headquartered in Orlando, Fla. CNL Financial Group and its affiliates own and/or manage an asset base of over $4.0 billion, representing more than 2,700 properties in 48 states.