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 Sage Hospitality Names Steven Marx as Chief Operating Officer
of Sage Hotels; Will Oversee a Portfolio of 52 Hotels
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Denver, CO (November 06, 2008) -- Sage Hospitality, a national leader in hotel development and management, has announced that Steven Marx is joining Sage as Chief Operating Officer of Sage Hotels. Reporting to Sage President and CEO Walter Isenberg, Marx will oversee hotel operations for Sage’s 52 hotels in 22 states. He will have responsibility for overall performance of the Sage hotel portfolio including full service hotels, extended stay hotels, the water Park division (CoCo Key Water Resorts) and the Sage Independent Hotel Collection, Sage Hospitality’s boutique hotel division.

“Our significant growth and success the past few years with our expanded full service and boutique hotel portfolio has made this the perfect time to welcome Steven to our leadership team,” said Isenberg. “Steven has extensive experience managing all areas of operations, sales and marketing, association management, and shared services. We believe he will help us continue to achieve our strategic goals and grow our national footprint, and he is a great fit with our innovative team.”

As COO of Sage Hotels, Marx joins a restructured Sage leadership team. In addition to welcoming Marx, Sage has promoted Peter Karpinski to Chief Operating Officer Sage Restaurant Group (SRG). Karpinski will focus full-time on the restaurant and food and beverage operations for Sage hotels and restaurants nationwide working to expand this considerable opportunity. 

Mr. Marx has had a distinguished career in developing and operating leading branded and boutique hotel brands. For the last 2 years, he has run his own company, Lifestyle Hospitality, where he developed new upscale lifestyle brands that combine adaptive reuse of historic buildings with a high profile and integrated spa and wellness program. Prior to launching his own company, Mr. Marx headed up Kimpton’s Hotel Group, served as Senior Vice President of W Hotels, headed up operations for Loews Hotels & Resorts, and spent his first years with Hilton. In addition to his strong credentials, Mr. Marx has received significant industry recognition throughout his career. He and his wife will be relocating to Denver, Colorado.

About Sage Hospitality 

Founded in 1984, Sage Hospitality has strategically grown into one of the largest privately held hotel management and development companies in the nation and is recognized as a leading innovator in the field. Sage operates 52 hotels in 22 states, ranging from large, urban, full-service hotels including the JW Marriott Cherry Creek in Denver, the Blackstone in Chicago, the Renaissance Pittsburgh and the Renaissance Providence to select-service suburban properties. Sage Hospitality's comprehensive management portfolio includes major international brands for Marriott, Starwood, Hilton and IHG as well as the independent boutique hotels the Oxford and the Curtis in Denver. Sage, known as a values-based company, creates value for hotel owners and investors through outstanding product development and superb asset management. 

Sage Hospitality has further differentiated with the creation of the Sage Restaurant Group, which is managing and launching innovative restaurants from Providence, Rhode Island to Portland, Oregon including the acclaimed Mercat a la Planx in Chicago. The company also developed the innovative CoCo Key water resort brand with 8 destination properties currently opened and 3 additional resorts opening soon. For more information, please visit www.sagehospitality.com 
 

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Contact:

Antonette Smith 303.595.7267
antonette.smith@sagehospitality.com

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Also See: Lifestyle Hospitality to Convert 17-story Bank Building in Downtown Durham, North Carolina Into High-end Hotel / March 2007
Steve Marx Named Senior Vice President of Hotel Operations for Starwood's W Brand / April 2003

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