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The Kessler Enterprise, Inc. Purchases Site for the Grand Bohemian Hotel & Residences in St. Petersburg
8/15/2007

St. Petersburg, FL (August 15, 2007) – The Kessler Enterprise, Inc. today announced its purchase of land comprising approximately 50,000 sq. ft. from the city of St. Petersburg for the Grand Bohemian Hotel & Residences project. The site is located at 100 2nd Street in downtown St. Petersburg.

Richard C. Kessler, chairman and CEO of The Kessler Enterprise, Inc., said, “Today marks a milestone with the move forward towards making this unique, luxury property a reality for the residents of St. Petersburg. For the past two years, we have worked very closely with the City of St. Petersburg and are honored that they have selected us to build this world-class hotel. Construction will commence this coming fall, with scheduled completion in the fall of 2009."

Designed by the prestigious architectural firm of Fullerton Diaz Architects of Coral Gables, Florida, the Grand Bohemian Hotel & Residences will be a living masterpiece rising 29 stories distinctly above the vibrant city of St. Petersburg, FL and pristine waters of Tampa Bay.

About Grand Bohemian Hotel & Residences
The Grand Bohemian Hotel & Residences will be comprised of 254 guestrooms and luxury residences. The pristine white tower with its staggered, illuminated balconies and rising spire will resemble an Asian lantern with a noticeably modern twist. Beginning on the 21st floor of the luxurious tower, the one, two, and three-bedroom residential floor plans offer sweeping bay and city views, 10 and 11 ft. ceilings, hardwood floors, granite countertops, Kohler fixtures, Snaidero Italian cabinetry, and Sub-Zero, Wolff and Meile appliances.

Crowning the top of the building are the two-story Pearl and Jade penthouses of which there remains one, occupying over 6,000+ sq. ft. of living space, over 3,000 sq. ft. of six outside terraces and a private elevator. The residence prices range from the $500,000s to over $2 million; penthouses start at $5 million.

Surrounded by lush, exotic landscaping, hand-carved marble sculptures and antique colonnades, the project features an Asian-inspired amenity and pool deck. This remarkable setting boasts a 100 ft. long lap pool, pool bar, exclusive condo residence indoor and outdoor lounges, each inclusive of a complete kitchen, immaculate and cooled private poolside cabanas, state-of-the-art fitness center, full-service Poseidon Spa with seven treatment rooms, and an open-air banquet venue with a marble water wall.

The luxury hotel and residential development will offer unsurpassed amenities and services to all guests and residents, including the area’s corporate and social community. Amenities include an elegant restaurant with a private dining room, themed Tapas restaurant and wine bar, Bösendorfer Lounge and Rotunda (featuring nightly live entertainment), Bohemian Market & Café, Grand Bohemian Gallery with original artwork, housekeeping services, concierge services, valet parking and more than 28,000 square feet of meeting, banquet and pre-function space.

About The Kessler Collection
Richard C. Kessler's Luxury Hotel Collection includes the AAA Four-Diamond Beaver Creek Lodge in Beaver Creek, CO; the AAA Four-Diamond Casa Monica Hotel in St. Augustine, FL; the AAA Four-Diamond Celebration Hotel in Celebration, FL; the AAA Four-Diamond El Monte Sagrado in Taos, NM; the AAA Four-Diamond Grand Bohemian Hotel in Orlando, FL; the AAA Four-Diamond Mansion on Forsyth Park; Savannah, GA; and Columbia Place luxury condominiums in Savannah, GA.

The Kessler Collection currently has the Bohemian Hotel at Biltmore Village in Asheville, NC and the Bohemian Hotel at Riverwalk in Savannah, GA under construction. Construction will commence on the Grand Bohemian Hotel Atlanta in 2008.

The Grand Bohemian Hotel & Residences’ Sales Gallery is located at 320 Central Avenue in downtown St. Petersburg. For additional information, please call 727.821.4530 or visit www.GrandBohemianResidences.com.

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