Paul Hastings Real Estate Department: The Paul Hastings Real
Estate practice has 175 lawyers and related practitioners focusing
exclusively on the needs of clients in the real estate industry, both
domestically and internationally.C.
Strobl Cunningham + Sharp P.

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stroblpc.

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Paul Hastings Advises Consortium on GBP 1 Billion Hotel Portfolio Acquisition

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The firm has real estate teams in
all of its offices worldwide. "With Phil's expertise, we
have strengthened our firm's environmental legal counsel, which is now among
the most capable and experienced in the state of Michigan.

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Paul Hastings distinguishes itself by
the breadth of its representation of clients who are in the business
of real estate - those who own, invest, finance, lease, develop, and
trade real property and real estate assets. Grashoff Jr.
Growth at Strobl Cunningham + Sharp is off to a fast start in 2005 .

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Grashoff has practiced law for 34 years.

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With 26 experienced attorneys
and three paralegal professionals, the firm serves a wide range of clients
across the state and elsewhere.

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The
addition of Grashoff as a shareholder follows a January 18 announcement that
the firm had completed a merger with Bingham Farms-based Harnisch + Gadd P.

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Veteran Environmental Attorney Brings His Statewide Environmental Practice to Strobl Cunningham + Sharp

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His statewide practice
concentrates on environmental law, including operations and emissions
permitting, land use, regulatory compliance, transactional issues, groundwater
and soil remediation, brown field redevelopment and litigation that impacts
environmental issues -- including toxic tort class action -- and insurance
matters.

The Legal category includes global legal services and consultants specializing in real estate.

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Business Editors/Legal Writers

LONDON----Paul, Hastings, Janofsky
+ Walker LLP (Paul Hastings), a leading international law firm, is
pleased to announce today that the firm has advised L GR Acquisition
Limited, a consortium comprised of Lehman Brothers Real Estate
Partners, GIC Real Estate and Realstar Asset Management , on the
acquisition from InterContinental Hotels Group PLC of its portfolio of
73 UK hotels for an announced purchase price of approximately GBP 1
billion, including deferred consideration., has merged his
statewide law practice into the Bloomfield Hills-based law firm, Strobl
Cunningham + Sharp P.

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"Our work as lead advisor to this transaction underscores our
ability to leverage a deep bench of corporate and real estate talent
to provide best-in-class strategic counsel on international real
estate transactions - and the myriad complex legal and financial
issues that accompany them ," said Mark Eagan, real estate partner and
London Office Chair. BLOOMFIELD HILLS, Mich.C.C.

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is a leading mid-sized business law firm
with its principal office in Bloomfield Hills.

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"We are very excited to have Phil join us as a shareholder," said Tom
Strobl, President of Strobl Cunningham + Sharp.com .

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The transaction, to include senior and mezzanine financing also
negotiated by Paul Hastings on behalf of the consortium, is expected
to close in the second quarter of 2005. Prior to joining Strobl Cunningham + Sharp, Grashoff
was a partner in the Grand Rapids firm of Varnum Riddering Schmidt + Howlett
LLP.

consulting services

Paul, Hastings, Janofsky + Walker LLP, founded in 1951, is an
international law firm representing Fortune 500 companies, with nearly
1,000 attorneys located in 15 offices: Atlanta , Beijing, Brussels,
Hong Kong, London, Los Angeles, New York, Orange County, Paris, San
Diego , San Francisco, Shanghai, Stamford, Tokyo and Washington, DC., One of Michigan's most
experienced environmental attorneys, Philip J.

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"Phil has helped clients across the state reach successful resolution of
some incredibly complex environmental legal matters, and his experience is a
perfect complement to our already substantial capabilities in this area,"
Strobl said. He represents clients in regional, State and Federal administrative
hearings, adjudications and in State and Federal trial court and appellate
litigation matters.
Raised in the Detroit area, Grashoff has been listed in the book The Best
Lawyers In America for the last 10 years, and has written and spoken
extensively on environmental legal matters throughout the United States.

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The firm represents
private, public, and municipal entities and individuals who make real
estate their business.

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Grashoff is a graduate of the University of Michigan and Wayne State
University Law School.