Lodging Opportunity Fund, LLLP Sets Revenue Record

Fargo, North Dakota – Lodging Opportunity Fund, LLLP ("LOF-1") today announced record 3rd Quarter, 2014 revenue as well as record 3rd Quarter Modified Funds from Operation (MFFO). Consolidated 3rd Quarter revenue was $4,530,000, an increase of 26% over Q3, 2013 revenue of $3,350,080. This equates to $61.88 of revenue per available room. LOF-1's Q3 MFFO was $877,333.85.

"We had a great summer season," said Norman Leslie, LOF-1's CEO. "Our hotel properties are all recently remodelled and are staffed with passionate, focused associates. Together as a team, we have really knocked it out of the park this year."

LOF-1 distributed $212.50 per Unit for the 3rd Quarter period ending September 30, 2014, equal to 2.125% of the current unit price. The Fund is yielding an 8.5% annualized return. This is LOF-1's 15th consecutive quarterly distribution.

About Lodging Opportunity Fund
Lodging Opportunity Fund is a family of Hospitality-focused funds including Lodging Opportunity Fund, LLLP (closed to new investors) and Lodging Opportunity Fund, REIT (currently open). The funds acquire and operate hotel properties throughout the Heartland of the United States. LOF uses its unique business model, acquisition strategy and diversified hotel asset portfolios to provide both steady, predictable income and capital appreciation over a planned 5-year hold. For more information visit www.LodgingFund.com.

LOF's first fund, LOF, LLLP, was established in 2011. It currently holds eight properties in its portfolio.

For more information please contact Investor Relations at 701.281.7130 or InvestorRelations@LodgingFund.com