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UrbanAmerica Selects Pyramid Hotel Group to Manage the 1,102 room
International Plaza Resort & Spa in Orlando, Florida


    
BOSTON, Sept. 4, 2008 -  Pyramid Hotel Group, a Boston-based full service hotel management and advisory firm, was recently selected by UrbanAmerica to manage the International Plaza Resort & Spa located in Orlando, Florida. The 1,102-room luxury resort features 60,000 square feet of premiere meeting space and is located in the heart of Orlando's entertainment district.

"We are completely energized by our new association with this fine project," said Jim Dina, Chief Operating Officer and Principal of Pyramid Hotel Group. "The International Plaza Resort & Spa is being re-crafted as a first-class leisure and business destination. UrbanAmerica has executed a plan that will allow the hotel to provide an uncommon guest experience that will be serviced by some of the most passionate teams of associates in Orlando. We are confident that this combination will deliver the desired financial returns to their investors."

The International Plaza Resort & Spa is a 1,102-room hotel located on International Drive in the heart of Orlando's Convention Center corridor and entertainment district. The International Plaza Resort & Spa sits amidst 28 acres of lush, native palm trees and features an onsite day spa, three swimming pools, a miniature golf course and game room. The resort boasts over 60,000 square feet of event space, meeting rooms, ballrooms and flexible banquet spaces to accommodate virtually any function, from small meetings to large conferences. Guests are just minutes from SeaWorld, Aquatica, The Orange County Convention Center, and Universal Studios.

"We believe that Pyramid Hotel Group has the breadth and depth of experience to manage our asset," said Thomas Kennedy, COO and CFO of UrbanAmerica. "We are convinced that their passion, personal involvement and strategic oversight will make this a success."

Pyramid Hotel Group assumed management responsibilities on August 1, 2008.

Pyramid Hotel Group provides a full range of third-party property, asset and project management services to owners. Founded in 1999, Pyramid Hotel Group LLC, is a Boston-based, full-service hotel company that owns, manages and asset manages hotels and manages hotel construction/renovation projects. The company has over 7,500 employees in approximately 50 hotels under management or asset management, comprising real estate valued in excess of $8 billion. For more information about the company and its affiliates, visit the company's website, http://www.pyramidadvisors.com.

Based in NYC, UrbanAmerica is a registered investment advisor with a distinctive vision for and specialized expertise in urban center real estate investment nationwide. The firm delivers value-added returns to investors, while also stimulating economic impact in its investment locales. For more information about the company and its affiliates, visit the company's website, http://www.UrbanAmerica.com

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Contact:

Hotels Unlimited, Inc.
Julia Coppock, 609-632-0006 ext. 628
Marketing Manager
jcoppock@hotelsunlimitedinc.com

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Also See: Buena Vista Hospitality Group Acquires the 1,100 room Sheraton World Orlando Resort; Plans to Drop Sheraton Affiliation and Convert to a Condo Hotel / September 2006
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