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HOMEWOOD HIGH AND DRY MARINA ACQUISITION

Homewood High & Dry Marina Joins Forces with Homewood Mountain Resort and West Shore Café to Create a Year-Round Peak to Shore Lifestyle

HOMEWOOD, Calif. (May 23rd 2016) –
Today, JMA Ventures announced the acquisition of Homewood High & Dry Marina by a JMA Ventures investment affiliate and Somera Capital Management, a move that will further strengthen Homewood Resort’s position as the only true Lake Tahoe year-round destination for snow sports, cat skiing, lakefront dining and lodging, weddings, and now boating and other water activities.

As part of the long-term plan to create a world-class destination on the West Shore of Lake Tahoe, the Marina will round-out the existing summer and winter offerings of Homewood Mountain Resort and West Shore Café. The three properties will benefit from coordinated management, marketing, and exciting new offerings, while long-time Marina owner David Topol will provide continuity and remain responsible for day-to-day management as the Marina Director of Operations. “For almost 40 years, our customers have been the core of Homewood Marina,” said Mr. Topol. “We’re excited that this partnership will allow us to continue to enhance the level of service we are able to offer to our customers, as well as to incorporate our business into the remarkable development vision for the soon to be transformed Homewood Mountain Resort.”

Homewood Mountain Resort Master Plan is scheduled to break ground in the summer of 2017. Remaining consistent with the scale and character of Homewood, the development is expected to

embrace the heritage of the West Shore and bring it to life through the addition of a 5-star hotel, high-end residences, and a neighborhood village. “As Homewood evolves into a four-season destination, partnering with the Marina is a natural fit,” said Kevin Mitchell, General Manager of Homewood Mountain Resort. “The integration of the properties will truly embody what Homewood is known for, which is the Peak to Shore experience, from the top of Ellis Peak to the shore of Lake Tahoe.”

As a result of the partnership, the Marina will offer new services and amenities this summer season including gourmet grab’n’go meals and provisions for boaters produced by the adjacent West Shore Cafe, improved parking experience and availability, online buoy & dry storage rentals by the day, and a state of the art mobile website, where customers and guests can conveniently access services and information.

For more information about Homewood High & Dry Marina or to book a dry storage or a buoy online, visit www.HomewoodMarina.net . For more information about Homewood Mountain Resort, please visit www.skihomewood.com. For full details on lakefront dining and weddings this summer at West Shore Café, please visit www.westshorecafe.com.

About Homewood Mountain Resort

Located on the West Shore of Lake Tahoe, Homewood Mountain Resort has been offering families a boutique winter experience since 1961. Summer operations include hiking, mountain biking, mountain-top Farm-to-Peak dinners, special events and more. The Resort’s recent partnership with the Homewood High & Dry Marina further cements its commitment to becoming a year-round destination offering amazing views, exceptional guest service, and recreational opportunities that span from Ellis Peak to the shore of Lake Tahoe. Learn more at www.skihomewood.com.

About West Shore Café

West Shore Café includes an elegant, yet casual lakefront restaurant featuring indoor and outdoor pier seating with spectacular panoramic views of Lake Tahoe. The seasonal, California-inspired menu features fresh, locally-sourced ingredients, Wine Spectator award-winning wine list, and craft cocktails. Above the restaurant is a boutique inn featuring lakefront lodging in five distinct lodge-inspired suites and guest rooms that offer stunning lake and mountain views. Lakeside amenities include 30 private buoys, a private pier, outdoor bar and boat valet service. The spectacular scenery and striking architecture also provide the perfect settings for weddings, rehearsal dinners and special occasions, making it the perfect year-round location to celebrate in Tahoe. For more information or reservations, visit www.WestShoreCafe.com.

About Homewood High & Dry Marina

Serving the Lake Tahoe since 1967, Homewood High & Dry Marina is known for its personable staff, short wait-times and variety of services such as boat repair, storage and rentals. Uniquely positioned with marine forklifts and a gantry, the Marina offers hassle-free methods of launching vessels for the discerning boater. Dry and buoy storage are available short-term and annually, offering customers flexibility based on their individual needs. The High & Dry Marina also offers fueling services, boat service and repair, rental of recreational water toys and serves as a hub of summer recreational opportunities on Lake Tahoe. For more information, visit www.homewoodmarina.net.