New York, NY (May 6, 1996) -The lodging industry's Internet Web presence was expanded today by the announcement of the birth of Innvest: America's Hotel Online Superstore sm. "Innvest" was conceived by long term industry executive Jeff Wilder, in partnership with award winning broker Deirdre Murphy and Net Properties Corp., a firm specializing in cyberspace real estate marketing. It's goal is nothing short of providing a central cyberspace meeting ground for all commercial activity being transacted in the lodging industry today.

Just imagine being able to visit a hotel superstore where everything you need is under one roof and is easily accessible. You'll soon be able to look at hundreds of currently available hotel acquisition opportunities, check out the present lending appetite of the many industry financing sources and comparison shop the lodging industry's numerous product and service providers--all from the comfort of your home or office. You'll be able to download information from the Internet directly to your computer, printer of fax machine, including hotel deal information, lender specs and loan forms. No more thumbing through magazines, old mail, or your phone books to locate numerous providers of services you find yourself needing at the moment. "Innvest's" goal is to be a sophisticated interactive Lodging Industry Yellow Pages.

According to Jeff Wilder, " We've created an Internet Web Site that is attracting great reviews and a critical mass of extraordinarily valuable and time saving content for hotel people. Initially, the site will focus on offering several hundred hotel listings for sale under the same roof--nothing less than a 24 hour a day, worldwide, marketplace of hotel deals for sale. Buyers, sellers and brokers will be able to interactively communicate via e-mail, fax, phone or the good old U.S. Post Office. Buyers will be able to sit at their desks or kitchen tables and look at complete on-line packages of hotel deals, having at their fingertips the ability to review far more information than is available through the current means of print advertising. Buyers will be able to self-screen themselves, rather than having to call the owner or broker to get more information on a particular property."

Deirdre Murphy indicated that one of "Innvest's" goal will be to bring lodging industry participants together efficiently and interactively, regardless of whether they want to buy or sell a hotel, finance or refurbish, locate consultants or learn all about the franchising potential of a particular property. "We recognize that agglomerating several hundred hotels for sale under one roof will attract most of the buying groups out there to this Internet Web site. Lodging industry product and service providers should also find it very appealing to market their wares and services to the decision-makers visiting the site, so we are making cyberspace shop space available to everyone in the industry at a very reasonable cost."

Wilder and Murphy located and teamed with a very talented and experienced technical group, Net Properties Corp., which has helped to develop a cutting edge Internet site for Innvest: America's Hotel Online Superstore sm. The firm has won citations for excellence, including having its sites named in the top five (5) % of all web locations currently on-line. Highlight characteristics of Innvest include very adaptive and user friendly Java scripting. The site has been designed so that target users and advertisers gain maximum advantage from its use. It includes e-mail reply capability, and digitally compressed imaging for fast downloading of pictures by even the slowest of computer modems.

"Innvest" went on-line in early May, 1996. It's address is http://www.innvest.com

Innvest is a centralized Lodging Industry Internet location that allows people to more easily connect with each other in order to successfully complete a variety of desired transactions. The browser's goals may range from buying and selling of hotels to locating products, services, franchise information, financing, employment opportunities, trade association information and industry news. It's goal is to be a Cadillac site at Chevrolet prices so that everyone in the industry is able to market their goods and services to the entire world at a reasonable price.

For more information,
please contact:
Deirdre Murphy 212 541 4545
President of Innvest