FOR IMMEDIATE RELEASE: January 31, 2012 Contact:

Joe Bell Director of Corporate Communications CAFARO [email protected] 330-747-2661 ext. 771 724-730-4532 (Mobile)

New Hotel, Banquet Center Planned for Eastwood Complex

New and important additions may soon be underway to the Eastwood Mall Complex, in Niles, . Preliminary discussions are underway to build a new four story, nationally branded, all-suite hotel which would be attached directly behind the mall near Dillard’s. Once contract negotiations are finalized, construction would soon commence, with an anticipated opening in 2013. Each guest room will offer a kitchen area complete with full size appliances – conveniences revered by extended stay business travelers as well as families traveling with children. Additionally, the hotel will feature a broad selection of amenities, including a full breakfast buffet, indoor swimming pool, exercise facility, and more. Complementing the hotel will be an adjacent banquet and conference center able to accommodate meetings and social events from 25 to 1,000 guests. Cafaro is currently seeking an operator for the banquet and conference center; preferably a based company. Interested parties may email their inquiries to [email protected]. The same address may be used for any other comments or feedback related to the project. “The combination of what will be one of the region’s largest and highest quality banquet and conference facilities with a nationally renowned extended-stay hotel further positions the Eastwood Mall Complex as the one stop destination for shopping, dining, entertainment, and now lodging & major events”, said Anthony Cafaro, Jr., Co-President of The Cafaro Company. (MORE)

The Eastwood Mall Complex has been serving the people of northeast Ohio since 1969. It is located at 5555 Youngstown-Warren Road, in Niles, Ohio. Encompassing more than 3 million square feet of space, it has been recognized as the largest shopping center in America by the Directory of Major Malls. The Eastwood Mall Complex is owned and managed in association with Cafaro-affiliated companies, based in Youngstown, Ohio. One of the nation’s largest privately held shopping center developers, the Cafaro organization owns and oversees more than 30 million square feet of commercial real estate in 11 states. Founded by the late William M. Cafaro in the 1940's, the firm is now in its seventh decade as a family owned and managed business. For more information, visit online at www.eastwoodmall.com and www.cafarocompany.com.

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