Lightstone Value Plus REITs Buy 4 Arkansas Hotels

  Lightstone Value Plus REITs Buy 4 Arkansas Hotels

   LVPR & LVPR II pay $29.1 million for Four-Property Hospitality Portfolio

Business Wire

NEW YORK -- June 27, 2013

Lightstone Value Plus Real Estate Investment Trust, Inc. (“LVPR”) and
Lightstone Value Plus Real Estate Investment Trust II, Inc. (“LVPR II”)
announced today the acquisition of four Marriott and Starwood hotels in
Arkansas for $29.1 million.

LVPR acquired the Marriott Fairfield Inn in Jonesboro and the Aloft Hotel in
Rogers, a Starwood property, for $18.4 million. They have a combined 213 keys.
LVPR II purchased two Marriott TownePlace Suites in Little Rock and Johnson,
which have a combined 184 keys, for $10.7 million.

“We believe these are four well-located premium branded hotels in diverse
markets,” said David Lichtenstein, Chairman and CEO of The Lightstone Group,
or Lightstone. LVPR and LVPR II are non-traded REITs sponsored by The
Lightstone Group. “All four properties were built in 2008 and 2009, and will
only require minimal property improvements to increase property performance,
as they are in excellent condition.”

The purchase is part of Lightstone’s aggressive growth strategy in the select
service hotel market. The company is seeking to acquire another 50 select
service hotels in the next 12 months, throughout the country, according to

“This acquisition is representative of The Lightstone Group’s ability to
identify attractive investment opportunities,” said Lichtenstein. “The hotels
were acquired at a discount to replacement cost, which we believe provides
them with a strong competitive advantage in their markets and downside
protection to LVPR and LVPR II. We think they are well-positioned to
capitalize on the improving market recovery.” The properties will be placed
under new management, which will be overseen by Lightstone’s hospitality

The 130-room Aloft Hotel in Rogers is the only Starwood hotel in Arkansas and
is located three miles north of the world headquarters of Wal-Mart and nine
miles north of the University of Arkansas. Wal-Mart attracts numerous
suppliers, vendors and support companies from around the world, which helps
contribute to the property’s strong corporate travel base. The Aloft Hotel
property was built in 2008.

The 83-room Marriott Fairfield Inn Jonesboro is the only Marriott property
located within a 90-mile radius. It is less than one mile from Northwest
Arkansas Baptist Medical Center and nearby numerous businesses, including:
Post Foods, Kraft Foods, Thomas & Betts Corporation, Nordex USA, Butterball,
Frito Lay/Pepsi Co. and Nestle. The property was built in 2009.

The 92-room Marriott TownePlace Suites Little Rock is 1.4 miles from the site
of the new St. Vincent’s Medical Center and attracts significant business from
nearby FBI and Department of Defense offices. The hotel property was built in

The 92-room Marriott TownePlace Suites Johnson/Springdale is situated
approximately 20 miles south of Wal-Mart’s world headquarters. Tyson Foods,
Danaher Tool Group (Craftsmen) and Rockline Industries all maintain an
important presence in Springdale and contribute to the hotel’s significant
group and corporate based accounts. The property was built in 2009.

About LVPR

LVPR is a public, non-traded REIT sponsored by The Lightstone Group that
offers shareholders an opportunity to invest in a diversified portfolio of
real estate. LVPR is currently closed to new investors.

For more information, visit


LVPR II is a non-traded REIT sponsored by The Lightstone Group. Founded in
1988 by David Lichtenstein, The Lightstone Group is a privately held real
estate company with one of the most diversified real estate portfolios in the
United States. Today, Lightstone’s portfolio consists of more than 11,000
multifamily units, 8.1 million square feet of office, hotel, retail and
industrial assets, and 12,000 fully-improved residential lots throughout the
United States.

For more information, visit

Important Notice

LVPR II filed a registration statement on Form S-11 (including a prospectus)
with the United States Securities and Exchange Commission (the “SEC”) on
November 4, 2011 in connection with its follow-on offering of shares of its
common stock, and the registration statement became effective on September 27,
2012. The most recent prospectus, dated April 26, 2013 is available on the
SEC’s website at

Securities are being offered through Orchard Securities, LLC, the dealer
manager for the offering. The offering will only be made by means of a
prospectus. Copies of the prospectus for the offering may be obtained by
contacting The Lightstone Group at (888) 808-7348.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
such state or jurisdiction.

Forward-Looking Statements

All statements contained in this press release, other than statements of
historical fact, are forward-looking statements. Forward-looking statements,
which are based on certain assumptions and describe our future plans,
strategies and expectations, are generally identifiable by use of the words
"may," "will," "believe," "expect," "intend," "anticipate," "estimate,"
"project," or similar expressions or variations thereof. These statements are
based on LVPR’s & LVPR II’s current plans and expectations and involve risks
and uncertainties that could cause actual future events or results to be
different than those described in or implied by such forward-looking
statements. Investors are cautioned not to place undue reliance on any
forward-looking statements.


for The Lightstone Group:
Ed Tagliaferri, 212-981-5182
Michael Paluszek, 212-981-5149
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