CBL Properties and Vision Hospitality Group Announce Aloft by Marriott as Part of Hamilton Place Redevelopment in Chattanooga, Tennessee

CHATTANOOGA, Tenn.–(BUSINESS WIRE)–CBL Properties (NYSE:CBL) and Vision Hospitality Group, Inc. today
announced plans to develop a 135-room Aloft by Marriott in Chattanooga,
Tennessee, as part of the Sears redevelopment project at Hamilton Place.
The new hotel marks the brand’s entrance into the Chattanooga market.

“We are thrilled to partner with Chattanooga-based Vision Hospitality
Group to bring the unique experience of Aloft to Chattanooga as part of
the Hamilton Place Sears redevelopment project,” said Stephen Lebovitz,
chief executive officer of CBL Properties. “We are actively executing
our vision to transform our properties into suburban town centers that
offer visitors a variety of experiences. The addition of Aloft by
Marriott complements the broader redevelopment plans at Hamilton Place,
which include the addition of The Cheesecake Factory, Dave & Busters as
well as class ‘A’ office space, additional dining options and new
retail.”

Known for its trendy style and vibrant social scene, the Aloft brand
uses technology and design to enhance experiences and keep up with the
needs of the modern traveler. The Aloft Chattanooga Hamilton Place will
feature an urban-inspired design with loft-like guestrooms, featuring
airy 9-foot ceilings and keyless entry using your smartphone or Apple
Watch.

“Experiences are the new commodity, and Aloft Hotels get that,” said
Mitch Patel, Vision Hospitality Group President & CEO. “The brand
incorporates technology, design and culture to set it apart from the
traditional hotel, and we look forward to bringing this new experience
to our hometown of Chattanooga. We value our long standing relationship
with CBL Properties, as well as the opportunity to be a part of this
special redevelopment.”

Aloft Chattanooga Hamilton Place will be located between The Cheesecake
Factory and the future Dave & Busters. Construction on the Hamilton
Place redevelopment project is set to begin this spring.

Rendering available upon request.

About Vision Hospitality Group, Inc.

Chattanooga-based Vision Hospitality Group, Inc. is a leading hotel
management and development company with an unwavering commitment to
quality and integrity. Although the company’s roots date back to 1978,
Vision Hospitality Group, Inc. was officially formed in 1997 by
President & CEO Mitch Patel. Still family-owned and operated today,
Vision has a hotel portfolio and pipeline of premium select and
full-service hotels affiliated with the Hilton, Marriott and
InterContinental brands. To learn more about Vision Hospitality Group,
Inc., visit www.vhghotels.com,
www.facebook.com/vhghotels
and www.twitter.com/vhghotels.

About CBL Properties

Headquartered in Chattanooga, TN, CBL Properties owns and manages a
national portfolio of market-dominant properties located in dynamic and
growing communities. CBL’s portfolio is comprised of 115 properties
totaling 71.5 million square feet across 26 states, including 72
high-quality enclosed, outlet and open-air retail centers and 11
properties managed for third parties. CBL continuously strengthens its
company and portfolio through active management, aggressive leasing and
profitable reinvestment in its properties. For more information visit cblproperties.com.

Contacts

Investor Contact:
Katie Reinsmidt, 423.490.8301
EVP & Chief
Investment Officer
Katie.Reinsmidt@cblproperties.com
Media
Contact:
Stacey Keating, 423.490.8361
Director – Public
Relations & Corporate Communications
Stacey.Keating@cblproperties.com
Vision
Hospitality Contact:
Emily Crawford, 423.892.1010
Communications
& Community Relations Manager
publicrelations@vhghotels.com