NEW GENERAL MANAGER
            CESAR GONZALEZ
             January 17, 2006

         Madison named one of the World's
            Best Hotels by TRAVEL + LEISURE
             January 3, 2006

         The Madison Hotel Rings
             in a New Summer Tradition
              June 17, 2003

         The Madison Hotel Garners High Honors
            in the First Year of Operation
               May 22, 2003

         The Madison Hotel Announces
            a New Sunset Tradition
              March 18, 2003

         Grill 83 Announces New
            Lunch and Dinner Menus
              Apr. 29, 2003

         AAA and Resorts/Great Hotels Release
              Feb. 28, 2003

         Madison Romance Release
              Jan. 28, 2003

         Preservation Awards
              Sept. 26, 2002

         Grill 83 Now Open in Downtown Memphis
              Aug. 16, 2002

          A Business Traveler's Elegant Escape
               May 7, 2002

          The Madison prepares to Open
               May 7, 2002

FOR IMMEDIATE RELEASE

Contact:
Amy Howell
Howell McQuain Strategies
1715 Aaron Brenner Dr., Suite 716
Memphis, TN 38120
(P) 901-737-0853 (F) 901-737-4609

MADISON HOTEL TOP RATED HOTEL IN ZAGAT SURVEY AND CONDE NAST TRAVELER MEMPHIS - Madison Hotel announced today that it has been rated as one of the top luxury hotels in the country by ZagatSurvey and Conde Nast Traveler.

The Madison Hotel is rated the top hotel in the City of Memphis and among the top in the country in the 2005 edition of ZagatSurvey. ZagatSurvey is the world's leading provider of consumer survey-based dining, travel and leisure information, with more than 250,000 voters participating worldwide.

Conde Nast Traveler, one of the country's leading travel magazines, rates the Madison among the top 75 United States hotels in its November 2005 issue; the only hotel in Memphis that made it to the list.

The Madison Hotel has been recognized for its luxurious accommodations, state-of-the-art amenities, uncompromising levels of service and fine cuisine. For more information, please visit www.madisonhotelmemphis.com.