NEW YORK--(MARKET WIRE)—March 24, 2006--NDC Capital Partners LLC (“NDC”) today announced a co-investment with Presidian Destinations LP (“Presidian”) for the acquisition of a 201-room Radisson hotel located in Visalia, CA. The hotel, which will be renovated and converted to a top tier national brand, adjoins the city-owned Visalia Convention Center. Visalia is located in Tulare County and centrally located between Los Angeles and San Francisco. Tulare County is in the southern portion of the San Joaquin Valley and ranks second in terms of agricultural production in the United States.

Headquartered in San Antonio, Texas, Presidian has a vertically integrated operation providing the hospitality sector services for property and asset management as well as full service real estate development such as deal structuring, site approval, construction management, contract negotiation, and FF&E procurement. Presidian has a seventeen year track record, having developed over $1 billion in hospitality and entertainment projects

Presidian’s management company currently operates twelve hotels in Texas, New Mexico, Missouri, and California. Recent development projects include a $43.6 million renovation/conversion of the historic President Hotel in downtown Kansas City to a 213-room full-service Hilton, the $70 million renovation/conversion of the historic Humble Oil Building to a Marriott Residence Inn and Courtyard by Marriott, and the development of a 200-room Hilton Garden Inn in San Diego. Current projects include the Ocean Club condominiums in Biloxi, Mississippi, the Vidorra Condominiums in San Antonio, the Staybridge Suites in downtown San Antonio, and the Embassy Suites Resort at Falconhead in Austin.