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HOTEL EXECUTIVE

The JBG Companies Selects Crestline Hotels & Resorts to Manage the Sheraton Reston, VA

. October 14, 2008

WASHINGTON, DC, August 24, 2005. Crestline Hotels & Resorts, Inc. today announced its appointment as the new management company for the 301 guest room Sheraton Reston Hotel. The upscale hotel and conference facility is located in suburban Virginia minutes from Washington Dulles International Airport. Hotel guests enjoy the resort-like setting directly across the street from the Reston National Golf Course, and the convenience of being only 20 minutes from Washington, DC. The selection of Crestline Hotels & Resorts to manage the Sheraton Reston marks an ongoing and growing relationship between Crestline and The JBG Companies of Chevy Chase, MD. Crestline Hotels & Resorts now manages three properties for The JBG Companies including the L'Enfant Plaza Hotel and the Four Points by Sheraton, both in downtown Washington, DC, in addition to the Sheraton Reston Hotel.

"Like all of The JBG Companies' holdings, The Sheraton Reston is a first- class property that is well-maintained and in an ideal location," said Dave Durbin, President & CEO of Crestline Hotels & Resorts. "The JBG Companies' continued confidence in our management abilities is most rewarding as we endeavor to enhance this hotel's reputation for excellent customer service and amenities," added Durbin.

Ken Finkelstein, a JBG partner said, "We are enthusiastic about expanding our relationship with Crestline at the Sheraton Reston and look forward to working with them to ensure the continued success at the property."

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