We invite you to participate in Pharos Hotel Fund I

Please send a letter of intent including your institutional or private investor information

and a bank letter certifying funds availability addressed to:

Mr. J. Edward ("Buddy") Watson, III
Chief Executive Officer
Pharos Hospitality
320 South Tryon Street
Suite 202
Charlotte, North Carolina 28202
U.S.A.
Phone: +1 704 333 1818
Email: bwatson@pharoshospitality.com