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EXHIBIT
99. PRESS RELEASE
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TO: S. DENZ FROM: PRNEWSWIRE CL (800)828-3133 12-23-1999 03:48PM EST p.1
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DOW JONES NEWS SERVICE VIA DOWVISION 12/23/99 03:08 PM
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DJ PSH Master Partner Stops Claims Against Partnership >PSHPZ
COLUMBUS, Ohio (Dow Jones)--Equity Resource Pilgrim Fund, a limited
partner of PSH Master LP I (PSHP2), agreed to stop its claims related to the
sale of partnership hotels in 1997.
In a press release Thursday, PSH Master said Equity Resource
discontinued its claims against James Pickett, chairman of PH Management Co.;
Stephen Denz, secretary of PH Management; PC Development LP and Nuho Co.
The partnership will make a final distribution of $950,000 to its
limited partners on Dec. 28.
As reported Jan. 9, 1998, PSH distributed $15.7 million as a partial
liquidating distribution from the sale of the partnership's three hotels.
PSH Master trades on the over-the-counter Bulletin Board.
- -Donna Fuscaldo; Dow Jones Newswires; 201-938-5388
(END) DOW JONES NEWS 12-23-99
03:08 PM
Copyright 1999 Dow Jones & Company, Inc.