FOR IMMEDIATE RELEASE
Contact: Glen Calder
561-750-9800 x216
gcalder@transmediagroup.com
Boca Raton, FL April 15, 2008 —T-Rex Capital, LLC, a leading developer of and investor in residential, commercial and government properties, announced today that it is transferring its interest in The Whiteface Lodge to an affiliate of the lender. The Whiteface Lodge is a luxury resort and private residence club located in the Lake Placid, Adirondacks.
Under the guidance of T-Rex Capital, The Whiteface Lodge improved upon its worldwide reputation. Last year, the Spa at Whiteface Lodge opened to staggering reviews including receiving the Leading Spas designation from The Leading Hotels of the World organization. T-Rex also completed the build out of the remaining luxury units, making The Whiteface Lodge 100% complete.
“This is a market related decision and we have been proud of our association with The Whiteface Lodge,” said Cliff Preminger, President of T-Rex Capital. The transaction is expected to take place this month.
Styled after the historic Great Camps of the Adirondacks, The Whiteface Lodge is an elegantly handcrafted retreat that features luxuriously rustic accommodations, world-class dining and spa services. Its unique architecture, design, interiors and renowned service attract discerning guests and potential owners, instilling in them the desire to return again and again. For more information on the Whiteface Lodge Resort and Spa visit www.thewhitefacelodge.com.
About T-Rex Capital, LLC
Founded in 1999, T-Rex Capital is a preeminent developer of and investor in residential, commercial and government properties throughout the United States and is headquartered in Boca Raton, FL, with offices in New York and Washington D.C. www.trexcapital.com