-based MeriStar Hospitality Corporation owns 58 principally
upper-upscale, full-service hotels in major markets and resort locations with
17,003 rooms in 19 states and the District of Columbia. Additionally, the active adult community will
include a nine-hole pitch 'n putt golf course, ten tennis courts,
bocce and softball.LevittCorporation .com
http://www.

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Forward-looking statements, which are based on various
assumptions and describe our future plans, strategies and expectations, are
generally identified by our use of words such as "intend," "plan," "may,"
"should," "will," "project," "estimate," "anticipate," "believe," "expect ,"
"continue," "potential," "opportunity," and similar expressions, whether in
the negative or affirmative.
Levitt and Sons(TM), America's first builder of planned suburban
communities, is best known for creating New York's Levittown, Long
Island and has built approximately 200,000 homes over the last 75
years. Levitt and Sons(TM) currently develops single and multi-family
home communities for active adults and families in Florida and
Georgia.
Core Communities develops master-planned communities in Florida,
including its original and best known, St.

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BETHESDA, Md. All statements regarding our
expected financial position, business and financing plans are forward- looking
statements . Director, Finance and Investor Relations
(301) 581-5927

Jerry Daly or Carol McCune
Daly Gray Public Relations (Media)
(703) 435-6293

Johns County, Florida , and Cascades at Groveland in
Lake County, Florida. Core Communities' newest master-planned community is Tradition.LevittandSons.

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The company
intends to use the majority of the proceeds to further reduce debt,
particularly its most expensive 10.

Business Editors/Real Estate Writers

FORT LAUDERDALE, Fla.
Cascades of World Golf Village, Levitt and Sons'(TM) first
community in the City of St. With 999 planned units, the community will offer 15 flexible
floor-plans, ranging from 1,256 to 2,930 square feet. The homes will
feature two, three and four bedrooms, two to three bathrooms , and
two-and three-car garages.

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We undertake no obligation to update or publicly release any
revisions to forward-looking statements to reflect events, circumstances or
changes in expectations after the date of this press release.Yanan@rbbpr.

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The complex will feature an outdoor pool, sundeck, protected
indoor pool, state-of-the-art fitness center, and men's and women's
spa areas.
Bluegreen Corporation engages in the acquisition, development,
marketing and sale of drive-to-vacation resorts, golf communities and
residential land.Bluegreen-corp.com

Levitt Corporation Contact Information
Investor Relations and Corporate Communications:
Adrienne Zvi, Assistant Vice President, Investor Relations and
Corporate Communications
Leo Hinkley, Senior Vice President, Investor Relations

Phone: 954-760-5222
Fax: 954-760-5415
Email: InvestorRelations@LevittCorporation.

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The company owns
hotels under such internationally known brands as Hilton, Sheraton, Marriott,
Ritz-Carlton , Westin, Doubletree and Radisson.com
http://www.

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Now under development on Florida's Treasure Coast in St.

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This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934.'s land operations are
predominantly located in the Southeastern and Southwestern United
States.com

Statements in this release may constitute forward-looking
statements and are made pursuant to the Safe Harbor Provision of the
Private Securities Litigation Reform Act of 1995.

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Prices start in the high-$100s. Amenities
at Cascades at Groveland will include a 35,000-square-foot Clubhouse
featuring a contemporary fitness center, indoor pool, outdoor pool,
sundeck, media room, card rooms, arts and crafts room, and a
multipurpose ballroom. Levitt Corporation holds an approximate 36% ownership position
in Bluegreen Corporation.com
Mailing Address: Levitt Corporation, Investor Relations,
1750 East Sunrise Blvd., Fort Lauderdale, FL 33304

Public Relations:
Hattie Harvey, Vice President , Public Relations
Phone: 954-760-5383
Fax: 954-760-5108
Email: HHarvey@LevittCorporation.

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We cannot guarantee that we actually will
achieve these plans, intentions or expectations. The homes will feature three to four
bedrooms, two to four-and a-half bathrooms, and two and three car
garages .BowdenHomes.

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All forward-looking
statements speak only as of the date of this press release or, in the case of
any document incorporated by reference, the date of that document.
Located 20 minutes south of Jacksonville, the World Golf Village
is a master-planned development that offers two championship golf
courses -- The Slammer + Squire, designed by Sam Snead and Gene
Sarazen, and The King + Bear , designed by Arnold Palmer and Jack
Nicklaus -- plus an assortment of communities, resort hotels and a
town center. Bluegreen Corp.CoreCommunities.

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The properties to be sold include:

-- Best Western Sanibel Island Beach Resort (46 rooms)
-- The Dunes Golf + Tennis Club
-- Hilton Cocoa Beach Oceanfront (296 rooms)
-- Hilton Clearwater Beach Resort (426 rooms )
-- Sanibel Inn (96 rooms)
-- Seaside Inn (32 rooms)
-- Sheraton Beach Resort Key Largo (200 rooms)
-- Song of the Sea (30 rooms)
-- South Seas Island Resort (579 rooms )
-- Sundial Beach Resort (243 rooms)

"We expect this portfolio sale to generate significant benefits for our
shareholders by allowing us to accelerate our business plan objectives of
repaying our more expensive debt and completing property upgrades," said Paul
Whetsell, chairman and CEO.

Except for historical information, matters discussed in this
press release are subject to known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or achievements to be
materially different from future results, performance or achievements
expressed or implied by such forward-looking statements. Augustine, will offer 450 luxury
single-family one -story homes with 14 flexible floor-plans ranging
from 1,563 to 2,521 square feet.

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"Furthermore, with the closing of this
transaction, our asset disposition program will be nearly complete. We are pleased to be able to take
advantage of the strong real estate market in Florida and unlock the
substantial values in these assets for our shareholders.
Bowden Homes, founded in 1971, has been one of the largest
home-builders in Memphis and the surrounding metropolitan area for
eight consecutive years.

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Amenities at
Cascades will include tennis courts, a pro shop, bocce courts, biking
and walking trails, and a grand clubhouse and sports complex,
comprised of 22,000 square feet indoors and 18,000 square feet
outdoors.

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For more information about
MeriStar Hospitality, visit the company 's website: http://www.

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These risks and uncertainties should be
considered in evaluating any forward -looking statements contained in this
press release or incorporated by reference herein.----Levitt
Corporation (NYSE:LEV) today announced the opening of Levitt and
Sons'(TM) newest active adult communities, Cascades of World Golf
Village in St. Lucie West, the fastest
growing community on Florida's Treasure Coast for the past seven
years. Lucie County,
Tradition is a 9,000-acre community that will ultimately feature
20,000 residences, when all approvals are in place, as well as a
commercial town center and a world-class corporate park. Bluegreen's resorts are located in a variety of
popular vacation destinations including the Smoky Mountains of
Tennessee; Myrtle Beach; Charleston, South Carolina; Branson,
Missouri; Wisconsin Dells; Gordonsville, Wisconsin; Aruba; and
throughout Florida . Forward-looking
statements are based largely on expectations and are subject to a
number of risks and uncertainties affecting the Company, and other
factors detailed in the Company's SEC filings .

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" The sales price
reflects an EBITDA multiple for the 10 properties that is accretive to the
company 's current trading value.S.com

RBB Public Relations:
Shawn Yanan
Phone: 305-448-7450
Fax: 305-448-5027
Email: Shawn.

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generally accepted accounting principles, policies and guidelines applicable
to real estate investment trusts. It is also home to the World Golf Hall of Fame and an
IMAX(R ) theater.

About Levitt Corporation:

Levitt Corporation, the parent company of Levitt and Sons(TM),
Bowden Homes and Core Communities, develops single-family homes and
master-planned communities . Levitt Corporation acquired Bowden Homes in
April, 2004.

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Contact:
Mike Bauer
Sr.
Levitt and Sons'(TM) other newly opened active adult community,
Cascades at Groveland , overlooks Lake Apopka, and is approximately
30-minutes from Disney World and several other renowned attractions of
Orlando.

For further information, please visit our websites:
http://www .

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com
http://www.

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com.
Factors which could have a material adverse effect on our operations and
future prospects include, but are not limited to: economic conditions
generally and the real estate market specifically; supply and demand for hotel
rooms in our current and proposed market areas; other factors that may
influence the travel industry, including health, safety and economic factors;
competition; the level of proceeds from asset sales; cash flow generally,
including the availability of capital generally, cash available for capital
expenditures, and our ability to refinance debt; the effects of threats of
terrorism and increased security precautions on travel patterns and demand for
hotels; the threatened or actual outbreak of hostilities and international
political instability; governmental actions, including new laws and
regulations and particularly changes to laws governing the taxation of real
estate investment trusts; weather conditions generally and natural disasters;
rising insurance premiums; rising interest rates; and changes in U. All
subsequent written and oral forward-looking statements attributable to us or
any person acting on our behalf are qualified by the cautionary statements in
this section. Prices start in the low-to mid-$200,000s . Bowden Homes focuses on building
distinctively featured family housing in the Memphis, Nashville and
north Mississippi areas.

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, MeriStar Hospitality
Corporation (NYSE: MHX), one of the nation 's largest hotel real estate
investment trusts (REIT), today announced that it has signed a definitive
agreement to sell a portfolio of nine hotels (1,948 rooms) and a golf and
tennis club, all located in Florida, to an affiliate of The Blackstone Group
for approximately $367 million in cash, subject to certain adjustments and
satisfaction of customary closing conditions.

Levitt Corporation Opens Two New Levitt and Sons Active Adult Communities in Florida; Cascades of World Golf Village and Cascades at Groveland Open for Sales

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5 percent senior unsecured debt, which
currently is callable by the company. As a
result of this transaction we will have significantly greater financial
flexibility and greater visibility on the timing of restoring a regular cash
dividend to our common shareholders .

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MeriStar Hospitality to Sell 10 Florida Assets

The company expects the
transaction to close by the end of the first quarter 2006.

Bethesda, Md.meristar.com
http://www.