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Renaissance Clubsport Opens Aliso Viejo Hotel & Fitness Resort At Summit Office Campus

ALISO VIEJO, CALIF. (July 15, 2008) – Renaissance Hotels & Resorts has just opened the doors of Renaissance ClubSport Aliso Viejo Hotel & Fitness Resort located within Summit Office Campus, a Class A, 1.7 million-square-foot, mixed-use business campus in Aliso Viejo, Calif.  This announcement also marks the first full-service hotel in Aliso Viejo.

This unique boutique-style hotel and sports and fitness resort offers 174 guestrooms, including five suites, a 75,000-square-foot world-class fitness facility, 5,500 square feet of flexible meeting space and a restaurant and lounge. The property is managed by Marriott for Leisure Sports Inc. and R.D. Olsen in Aliso Viejo, California. Renaissance ClubSport is a world-class hotel and sports and fitness resort concept that appeals to both business and leisure travelers. The fitness club features a 12,000-square-foot fitness area as well as an outdoor aquatic area with two swimming pools plus a splash ‘n play area for kids, a whirlpool and garden patio area for dining or special events.

“Renaissance ClubSport is the vital mixed-use component to Summit Office Campus,” said Lee Redmond, CEO of Parker Properties, the developer of Summit.  “From the inception of Summit over a decade ago, we always envisioned some key amenities such as a fitness center and hotel.  We are pleased that our project, which was built to create a tenant-oriented work environment, has attracted such a complimentary, high-quality brand that benefits both our project and corporate tenants, as well as the local business and residential community.”

Redmond added that just previous to the Renaissance ClubSport completion, Parker Properties and RREEF, the common financial partner for the entire Summit project, completed two, four-story office buildings totaling 260,000 square feet of space which are currently in the leasing stage.  One of the buildings will include an upscale restaurant.  This newly finished phase is now going through the LEED certification process, targeting a silver rating and is arguably Summit’s most aesthetically pleasing and functional space to date, offering a large inviting outdoor courtyard that includes three water features including a 40-foot high water wall, as well as a series of smaller outdoor areas that facilitate gathering spots.  Some of the green features include: recycled water that irrigates project landscaping, waterless urinals, HVAC and refrigerant equipment with fewer harmful compounds to decrease ozone layer depletion, carbon dioxide monitoring systems, indoor air quality management plan, and green housekeeping and site maintenance programs.

About Summit Office Campus
Summit Office Campus is nearing completion of construction with more than 1.5 million square feet of space completed and one final eight-story office building in planning stages. The 12-building campus is located on a terraced hillside at the center of the master-planned City of Aliso Viejo.  Built with the tenant needs in mind, Summit features pathways, outdoor work areas, lush landscaping and numerous water features.  The project is home to successful companies including Pacific Life Insurance Company’s Life Insurance Division, Qlogic, Lennar Homes, Fluor,, AJ Gallagher and Valeant Pharmaceuticals International.  Located off the 73 Tollway, Summit Office Campus is convenient to the major Southern California freeways and is just minutes from other major business centers, John Wayne International Airport and the beaches.

About Parker Properties
Parker Properties is a commercial real estate firm dedicated to developing high-quality, tenant-oriented work environments. The firm specializes in campus developments in master planned communities. Based in Aliso Viejo, California, the company was formed in 1976 in response to the challenges of a changing marketplace and has succeeded in meeting tenant demands and needs for flexibility within campus settings. Parker Properties is comprised of specialists in development, construction management, asset management, property management and real estate finance who combined, have developed and acquired 5.1 million square feet of office, industrial and retail projects throughout California. In addition to the two four-story buildings at Summit, Parker also recently completed a nine-story build-to-suit office tower for Pacific Life Insurance Company’s Life Insurance Division at Summit and Summit Oaks, a five-story office building in Santa Clarita, Calif. 

About RREEF Alternative Investments
RREEF Alternative Investments is the global alternative investment management business of Deutsche Bank’s Asset Management division. RREEF Alternative Investments consists of three businesses: Real Estate, Infrastructure and Private Equity. RREEF Real Estate acquires and manages investments in commercial and residential property, and real estate securities on behalf of its institutional and private clients worldwide. Its product offering is global and comprehensive, including core, value-enhanced and high yield property investments as well as investments in publicly traded real estate securities. RREEF Real Estate has more than US$77.4 billion in assets under management worldwide as of 31 March 2008.

About Renaissance Hotels & Resorts
Renaissance Hotels & Resorts is an upscale brand providing full-service accommodations with local flair to discriminating business and leisure travelers at more than 140 properties in 28 countries. The brand’s presence is strong in the U.S. and worldwide, with approximately half of its properties in North America and throughout Europe, South America, the Caribbean, the Middle East and Asia.

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