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College Station, TX (April 5, 2012) – The Hilton College Station Hotel & Conference Center, located on 801 University Drive East, held a grand re-opening gala for the public on March 28, 2012 to celebrate the completion of $5 million in renovations. At the 1940s themed gala, a jazz band played to nearly 500 guests, some in costume. The hotel also held a raffle and donated all proceeds to the Brazos Valley Food Bank.

Upgrades made to the Hilton College Station include a complete re-work of the hotel’s 303 guest rooms including new flat screen TVs, carpet, drapes and furniture made from dark cherry wood. The corridors, lobby and 27,000 square feet of meeting space has been upgraded with new carpet and millwork for a more contemporary, Texas flair with black, red and orange accents. The landscaping, pool and exterior of the building have been improved and new lighting has been installed in the hotel parking lot.

The lobby was also completely redone including a new front desk, a water feature and upgrades to the hotel’s in-house bar, “The Gallery”. New artwork now lines the lobby and corridors, created by local artist Benjamin Knox, who has a gallery of his own in College Station. The Hilton College Station hotel is decorated with approximately 100 pieces of art from the artist.

“From a guest perspective, it’s practically a brand new hotel,” said Glenn Pedersen, President of Encore Hospitality which owns the Hilton College Station. According to Pedersen, guests have responded positively to the completed renovations so far.

“Being that we’re the only full-service hotel in College Station and a three hour drive from over 80 percent of the state of Texas, we’re excited to have these upgrades available to our guests,” said Barron Hobbs, general manager of the Hilton College Station.

To learn more about the Hilton College Station hotel and available room rates, please visit the Hilton College Station website.

About the Hilton College Station and Conference Center: The Hilton College Station is located less than two miles from Texas A&M University on University Drive. Managed by Sage Hospitality and owned by Encore Hospitality, the hotel has 303 guest rooms and more than 27,000 square feet of meeting space as well as an outdoor pool, fitness center and a 24-hour business center. The Bell Ranch Restaurant within the hotel offers breakfast, lunch and a “Texas” dinner with a side of southern hospitality. To learn more about the Hilton College Station and Conference Center, visit www.collegestation.hilton.com.

About Encore Hospitality
Encore Hospitality, LLC is a subsidiary of Encore Enterprises, Inc., and was founded in 1999 as a fully integrated, hospitality acquisition, development and asset management company focusing on the upper mid-priced, nationally branded select-service and full-service hotel sector. Encore Hospitality acquired Pineapple Management Services, Inc., a nationwide property management company and Sterling Resorts, LLC, a premiere Florida beach vacation rental company further expanding the company’s resources along the way. For more information about Encore Hospitality, LLC, visit encorebz.wp.brainvire.dev, or call (214) 259-7000.

(Denver, Colorado) January 10, 2012 – Encore Multi-Family, LLC announced today the closing of financing for the company’s next ground-up development project, Encore Highpointe Park, a garden-style, apartment home community located in the Denver suburb of Thornton, Colorado. Encore Multi-Family’s latest community in Denver marks the beginning of Western expansion for the company.

Encore Highpointe Park will be comprised of 220 luxury apartment homes with superior interior and exterior amenities. As the only residential community in the fully-developed Highpointe Park PUD, it will enjoy the benefits of 1.2 million square feet of existing retail development including numerous national brand stores. The site is highly visible from I-25, Denver’s primary North/South transportation artery.

Brad Miller, president of Encore Multi-Family, commented on the successful financing, closing and construction start for Encore Highpointe Park Apartment Homes:

“We are quite pleased with our expansion throughout Texas, Oklahoma and now Colorado over the past three years,” said Miller. “Encore Multi-Family doubled the size of its portfolio in 2011 through development of new communities and will double the portfolio again in 2012 with projects currently under construction across three states.”

Since June of 2010, Encore Multi-Family has started construction on six new developments, of which two have been completed with record lease-up results.

About Encore Multi-Family, LLC Encore Multi-Family, LLC is a subsidiary of Encore Enterprises, Inc., and was founded in 2008 as a fully integrated multifamily developer, owner and operator. The company is involved in all aspects of multifamily development and operations. For more information about Encore Multi-Family, LLC, visit encorebz.wp.brainvire.dev, or call (214) 259-7000.

(Dallas, Texas) December 22, 2011 – While the economy is not firing on all cylinders, many economic indicators generally support expectations that the U.S. will avoid a recession and progress at a measured pace. However, domestic challenges, such as renewed foreclosure activity and high unemployment, global economic risks are dampening U.S. economic performance. The U.S. economy faces numerous challenges over the next several years including:

• Debt-ceiling contention and credit downgrades impact global confidence with risks of increased taxes and further spending cuts that could derail the willingness of consumers and businesses to spend.
• Potential for fallout from the Eurozone crisis manifesting in severe stock market volatility, uneven commodity prices and diminished investor confidence.
• Consumer confidence is currently 64% below pre-recession peak as caution and uncertainties remain about job outlooks and prospects for real wage growth.
• The residential sector remains vulnerable as foreclosures and short sales comprise 30% of home sales transactions and median sale price declined 3.9% over the past year.

In spite of these challenges, business investment is expected to help propel the economy in 2012. Encouraging signs continue to emerge as corporate profits increased by an annualized rate of 8.5% and worker productivity is 8.0% higher than pre-recession levels. The private sector added 1.82 million jobs in the last 12 months as of October 2011 and the breadth of hiring over the last 3 months indicates that the recovery, though slow, has been widespread. Hiring was led by business and professional services, healthcare, manufacturing and the construction sectors. In perspective, 24% of the 8.7 million jobs lost during the recession have been restored.

The economy is forecast to add 1.7 million jobs by year end 2011, with the unemployment rate remaining stable near 9 percent. GDP is forecast to average 1.8% in 2011 before trending upward in 2012 but sub-par employment growth is likely as long as the GDP struggles to surpass its historical average annual growth rate of 2.5%. Growing consumer demand and business investment, enhanced credit availability, rising exports, and healthy corporate profits are expected to pave the way for stronger economic recovery over the next year.

About Encore Enterprises, Inc. Encore Enterprises, Inc., is a diversified commercial real estate firm in Dallas, Texas, that is active in the hospitality, retail, multifamily and commercial office space sectors. Since the company’s formation in 1999, Encore Enterprises has completed over $1 billion of acquisitions, developments and complex financial transactions with a focus on the Southern, Eastern and Midwestern United States.  For more information about Encore Enterprises, Inc., visit encorebz.wp.brainvire.dev or call (214) 259-7000.

(Dallas, Texas) October 26,  2011 – Recently at a luncheon held on October 20, 2011 the finalists for the Dallas Business Journal’s CFO of the Year Award were honored as part of the Business Journal’s annual recognition program. A panel of past honorees and industry  representatives select the finalists based on their contributions to their respective companies, contributions to the finance profession and to the DFW  community.

Mahesh Shetty, CFO and COO of Encore Enterprises, Inc. was named as the recipient of  the 2011 CFO of the Year Award for the private company $50M to $99M category for  his work at Encore Enterprises and for his contributions to the finance  community during the 2011 year.

During 2010-2011, Mr. Shetty has undertaken the challenge of outsourcing of the Encore’s accounting organization, as well as implementing cloud-based accounting technologies for greater efficiency and cost savings to the  company

To read more of Mr. Shetty’s  interview with the Dallas Business Journal, or to learn more about the  CFO of the Year Awards, please visit the Dallas Business Journal’s  website.

About Encore Enterprises, Inc. Encore Enterprises, Inc., is a diversified commercial real estate firm in Dallas, Texas, that is active in the hospitality, retail, multifamily and commercial office space sectors. Since the company’s formation in 1999, Encore Enterprises has completed over $1 billion of acquisitions, developments and complex financial transactions with a focus on the Southern, Eastern and Midwestern United States.  For more information about Encore Enterprises, Inc., visit encore.bz or call (214) 259-7000.

CONTACT:
Jayna Leach, Sterling Resorts, (850) 230-6110 ext 109 or [email protected]
Christie Gregovich, Ypartnership, (407) 838-1822 or [email protected]

Panama City Beach, Fla. (Oct. 10, 2011) – Sterling Resorts has been named recipient of the prestigious Flagler Award, recognizing outstanding tourism marketing on behalf of the Florida Commission on Tourism. Sterling’s Happy Hour Sale promotional email campaign garnered top honors for creativity, innovation, vision and commitment – hallmarks of this annual competition held in conjunction with the Florida Governor’s Conference on Tourism.

Launched in the summer of 2010, Sterling’s Happy Hour Sale promotion was purposed to reassure travelers and combat cancellations in the wake of the Gulf of Mexico Oil Spill. The weekly email campaign distributed exclusive savings to regional subscribers each Friday afternoon, with time-sensitive offers available at a select Sterling property located along Panama City Beach, Scenic 30-A and in Destin. Propelled by weekly Gulf updates and Sterling’s ‘100% Clean Beach’ guarantee, the Happy Hour Sale campaign generated more than 2,600 phone inquiries and 300 reservations – generating a total $212,000 in revenue.

In recognition of this milestone achievement, Sterling was presented with the coveted Henry Award – an honor given to the standout entry in each Flagler Award category. A panel of five judges awarded Sterling top scores in the Direct Marketing segment, whose competitors included major tourism destinations like St. Pete/Clearwater and The Florida Keys, Key West.

“Sterling is thrilled to receive this esteemed award and to be counted among Florida’s tourism pioneers,” says Jayna Leach, director of marketing for Sterling Resorts & Realty. “In its inaugural year, Sterling’s Happy Hour Sale not only encouraged visitation to our beautiful Gulf Coast beaches; as a communication channel, it forged solid guest relationships. In fact, Sterling’s Happy Hour was brought back this year by popular demand.”

Leach accepted Sterling’s Flagler Award on Mon., Sept. 26, before an audience of industry leaders assembled for the 44th Annual Florida Governor’s Conference on Tourism. Named for Henry Flagler, the designation was established in 2000 to recognize outstanding tourism marketing in Florida. The awards are open to all individuals, private businesses and not-for-profit organizations offering a product or service that promotes tourism to or within the state of Florida.

Sterling Resorts offers more than 1,000 family-friendly condominium located in Panama City Beach, the Beaches of South Walton/Scenic 30A and Destin, Florida.

Visit www.SterlingResorts.com or call 1-888-506-9396. Travelers can also keep up to date on Sterling Resorts’ special offers by becoming a fan on Facebook, at www.facebook.com/sterlingresorts.

About Sterling Resorts Sterling Resorts is one of the Southeast United States’ leading vacation rental management companies. Sterling’s current portfolio includes more than 20 beautiful condominium resorts featuring 1,000 units of luxurious vacation homes in Northwest Florida and Mississippi.

About Encore Enterprises, Inc. Encore Enterprises, Inc. is a diversified commercial real estate firm in Dallas, Texas, with a unique blend of expertise, innovation and efficiency in acquisitions, investments, asset and property management, leasing and business development.  Since the company’s formation in 1999, Encore Enterprises has completed over $1 billion of acquisition, development and complex financial transactions with a focus on the Southern, Eastern and Midwestern United States.  For more information about Encore Enterprises, Inc., visit encorebz.wp.brainvire.dev or call (214) 259-7000.

(Dallas/Fort Worth, Texas) July 13 – Encore Multi-Family, LLC announced yesterday the completion of financing through the U.S. Department of Housing and Urban Development (HUD) 221(d)(4) program for the company’s next two ground-up development projects in Temple and Texarkana, Texas. Working with HUD approved lender Berkadia, the second largest originator of HUD loans in the U.S., the Encore Multi-Family team immediately commissioned BBL Builders upon closing of the loan to commence construction on both developments. In total, Encore Multi-Family has begun or completed construction on four separate projects in 2011.

“Encore Multi-Family continues to build on a foundation of research-driven, well executed apartment developments in the Southwest,” said Patrick J. Barber, president and CEO of Encore Enterprises, Inc. “The Multi-Family team is poised to expand our platform nationally in the coming months beginning with our first apartment development in Denver later this year.”

Brad Miller, president of Encore Multi-Family applauded HUD for their work ensuring a successful closing process for the newest apartment home communities in the Texarkana and Temple areas.

“The cooperation from HUD and the coordination from Berkadia, our primary HUD lender, was noteworthy as we continue to execute our strategy to provide Class A apartment communities in growing markets,” said Mr. Miller.

Encore Multi-Family has approximately 1,000 units in the development pipeline as well as 596 units under construction and 836 units completed and operating. The Temple and Texarkana developments will open in early 2012

About Encore Multi-Family, LLC Encore Multi-Family, LLC is a subsidiary of Encore Enterprises, Inc., and was founded in 2008 as a fully integrated multi-family developer, owner and operator. The company is involved in all aspects of multi-family development projects and acquisitions including, ground-up developments, joint ventures and mixed use turnkey developments. For more information about Encore Multi-Family, LLC, visit encorebz.wp.brainvire.dev, or call (214) 259-7000.

(Birmingham, Alabama) June 22 – Encore Retail, LLC announced on June 20, the acquisition of the Pelham Towne Center located in the Birmingham suburb of Pelham, Alabama. Pelham Towne Center is a 74,008 square-foot retail center in Southern Shelby County, and is leased with a 45,600 square-foot Publix Supermarket anchor as well as Subway, TCBY, the Alabama Power Credit Union and newly added Regis Corporation. Neal Pringle, Jr. of The Shopping Center Group represented Sharp Realty in the transaction, which developed the center in 2008.

“We are very pleased to enter the Birmingham MSA with the acquisition of this high-quality neighborhood center with solid tenancy, and a strong performing grocery anchor in Publix Supermarkets,” said Nic Barber, president of Encore Retail. “Encore looks forward to growing our presence in the Southeastern region of the U.S. with future acquisitions as well.”

The location of Pelham Towne Center at the intersection of Interstate 65 and Highway 52, provides easy access for the growing population of Southern Shelby County, which is one of Birmingham’s fastest growing suburbs, and the fastest growing counties in the state of Alabama. Surrounding residential developments include the Stonehaven, Olde Weatherly and Ballantrae communities.

“We are excited about the closing of the transaction and acquisition of the Pelham Towne Center,” said Dr. Bharat Sangani, founder and chairman of Encore Enterprises, Inc. “We like the added asset quality with solid anchor tenants to continue building our retail portfolio with attractive, in place cash flow and have the desire for many more retail transactions.”

About Encore Retail, LLC Encore Retail, LLC is a subsidiary of Encore Enterprises, Inc., is a privately held commercial real estate company focused on the acquisition, ownership, development, redevelopment and management of retail. The company’s strategy is to acquire, develop or redevelop retail centers providing attractive unleveraged yields to investors and viable resources for businesses in each community Encore serves. For more information about Encore Retail, LLC visit encorebz.wp.brainvire.dev, or call (214) 259-7000.

(D’Iberville / Biloxi, Mississippi) June 3 – Encore Construction Group, LLC began work on the newest addition to the Biloxi Regional Medical Center at the Promenade shopping center this past week. The new addition will provide remote services for outpatient care for the North Biloxi and D’Iberville areas expanding the reach of Biloxi Regional Hospitals.

“Encore Construction Group is excited about teaming up with Biloxi Regional Medical Center again to bring a new state of the art primary care facility to the City of D’Iberville,” said Dwayne Rash, president of Encore Construction. “The Encore family of companies, beginning with Encore Enterprises, Inc., were founded in the Mississippi Gulf Coast area, and we are very proud to continue our relationships with the area for over 12 years now with Biloxi Regional Medical Center and the surrounding cities of D’Iberville, Gulfport, and Biloxi.”

The new clinic will be featured in the Promenade shopping center located on the Northwest corner of Interstate 10 and Interstate 110. The clinic was designed by Marion “Marty” A. Hardy, AIA, NCARB of Hardy and Associates/Architect, PLLC and will feature a 7,000 square-foot facility slated for completion in the early fall of 2011. The clinic will be staffed by Family Practice and Internal Medicine physicians offering primary care services with extended hours.

“We are excited to expand our services in the City of D’Iberville. With the population growth in this area, we want to make quality health care as accessible as possible to the communities that we serve.” said Eric Robinson, Chief Operating Officer with the medical center.

About Encore Construction Group, LLC Encore Construction Group, LLC was formed as a subsidiary of Encore Enterprises, Inc. to capture construction opportunities in the commercial retail, multi-family and hospitality markets. Encore Construction is a licensed general contractor in the States of Mississippi, Alabama, Florida and Texas. The construction management team combines over 80 years of industry experience and developed or redeveloped 17 million square feet of retail space as well as over 7700 hotel rooms and multi-family units during their careers. Encore Construction works in conjunction with Encore Hospitality, LLC, Encore Retail, LLC, Encore Multi-Family, LLC and outside third parties to deliver a quality product adding value to real estate and each client’s business. For more information about Encore Construction Group, LLC, visit encorebz.wp.brainvire.dev, or call (214) 259-7000 or (228) 864-9888. ###

(Oklahoma City, Oklahoma) April 29 – Encore Multi-Family, LLC announced yesterday the completion of financing through the U.S. Department of Housing and Urban Development (HUD) 221(d)(4) program for the company’s next ground-up development project, Encore on Memorial, a garden-style apartment community located in the Tulsa suburb of Bixby, Oklahoma. Working with HUD approved lender Berkadia, the second largest originator of HUD loans in the U.S., the Encore Multi-Family team traveled to Oklahoma City Thursday to memorialize the achievement, and immediately begin construction on the newly financed and green-lighted development project.

“Encore Multi-Family has reached a milestone yesterday reinforcing our company’s vision and foresight with the start of our fifth ground-up multifamily development in Tulsa,” said Dr. Bharat Sangani, chairman of Encore Enterprises, Inc. “Working with our lender and HUD has provided Encore the financial foundation needed during the recession to develop very successful communities that residents will enjoy for years.”

Brad Miller, president of Encore Multi-Family applauded HUD for their work ensuring a successful closing process for the much needed apartment home community in the Bixby/Tulsa area.

“We are proud of what Encore Multi-Family has accomplished with HUD over the past three years,” said Mr. Miller. “It is shaping up to be a great year for Encore beginning with the opening of Encore Alsbury in February in the South Fort Worth suburb of Burleson, Texas, closing Encore on Memorial yesterday, and we have multiple projects in our predevelopment pipeline for this year as well with HUD and other institutional organizations.”

Encore Multi-Family has been working with the HUD 221(d)(4) as part of their development program since 2008 and has 1,196 apartment units in multiple phases of the HUD invitation, commitment, and approval processes as well as 448 units under construction and 638 units completed and operating. Encore on Memorial will open in December, 2011.

About Encore Multi-Family, LLC – Encore Multi-Family is a subsidiary of Encore Enterprises, Inc., and was founded in 2008 as a fully integrated multi-family developer, owner and operator. The company is involved in all aspects of multi-family development projects and acquisitions including, ground-up developments, joint ventures and mixed use turnkey developments. For more information about Encore Multi-Family, LLC, visit encore.bz, or call (214) 259-7000.

(Fort Worth, Texas) April 26 – Encore Multi-Family, LLC announced today the opening and successful first two months of leasing at the new Encore Alsbury Apartment Home Community, located in Burleson, a suburb of Fort Worth, Texas. Encore Alsbury is Burleson’s newest ground-up development and garden-style apartment community, which began predevelopment during the recession in 2009, and construction in the summer of 2010. The Encore Alsbury leasing office opened on February 18 with an overwhelming reaction from the community, and in the first month, it achieved 25 percent leased with 50 leases. As of April 24, 2011, Encore Alsbury is currently at 36 percent leased with 72 leases. The total community is comprised of 200 units.

“Encore Alsbury is changing the game for what residents can expect in Burleson,” said Brad Miller, president of Encore Multi-Family. “We are excited to open the city’s first luxury, garden-style apartment community with amenities and upgrades that haven’t been seen before in Burleson.”

Encore Alsbury is a, Class A, apartment home community with a mixture of one, two and three bedroom apartment homes featuring urban lifestyle amenities including a resort style pool and clubhouse, stainless steel appliances, and upgraded fixtures and cabinetry in every chef-style kitchen, wood-style flooring, plush carpeting and all the comforts of a luxury, urban community in a suburban setting. Encore Alsbury is located at 1350 SW Alsbury Boulevard in Burleson, a suburb 14 miles south of Fort Worth, Texas along I-35W.

Property Information
Units: 200 units Website: www.encorealsbury.com Facebook: http://www.facebook.com/Encore.Alsbury

Community Amenities: Community Clubhouse, Urban Lounge & Coffee Bar, Media Center, Fitness Center with I-Pod Docking Station, HDTVs, Wi-Fi Access, Aquatic Lounge & Spa Poolside BBQ & Entertaining, Professionally Landscaped Grounds, Relaxing Water Features at Entry and Pool, Exclusive Gated Entry, Detached Garages, Reserved Covered Parking, Valet Trash Pick-Up and 24-Hour Emergency Maintenance

Unit Amenities: Chef-Style Kitchens with Ceramic Backsplash, Stainless Steel Appliances, Microwave, Self-Cleaning Oven, Frost Free Refrigerator/Icemaker, Dishwasher, Double Stainless Steel Sink, Kitchen Pantry, Under Cabinet Lighting, Utility Room with Full Size Washer & Dryer, Contemporary Design Cabinets Throughout, Pendant Lights, 9-Foot Ceilings, Crown Molding, Wood Style Flooring, Lighted Ceiling Fans, Plush Designer Carpet, Two-Tone Paint Scheme, Garden Tub, Ceramic Tile Surrounds, Framed Vanity Mirrors, Large Walk-In Closets Linen Closet and Spacious Patio/Balcony with Storage Closet

About Encore Multi-Family, LLC: Encore Multi-Family is a subsidiary of Encore Enterprises, Inc., and was founded in 2008 as a fully integrated multi-family developer, owner and operator. The company is involved in all aspects of multi-family development projects and acquisitions including, ground-up developments, joint ventures and mixed use turnkey developments. For more information about Encore Multi-Family, LLC, visit encorebz.wp.brainvire.dev, or call (214) 259-7000.