Marriott Hotel to be Built at Redstone Gateway

HUNTSVILLE, AL | SEP 17, 2013 – Redstone Gateway, a business park and joint venture of Corporate Office Properties Trust (COPT) (NYSE: OFC) and Jim Wilson & Associates, LLC (a privately owned company), announces that Redstone Hospitality, LLC, an unrelated separate developer, will build a Marriott TownPlace Suites hotel in Redstone Gateway on a 3.1 acre site pursuant to the ground lease agreement.  The hotel expects to begin construction and break ground before March 31, 2014, and to complete construction approximately one year later.

The hotel, to be built to a Leadership in Energy and Environmental Design (“LEED”) Silver standard, will contain approximately 125 guest rooms, a breakfast area, meeting rooms, a fitness and health facility, indoor pool and other amenities consistent with Marriott TownPlace Suites standards.