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Pyramid Hotel Group Adds Two New Resorts to their Growing Portfolio

To Manage the 493-room Westin Lake Las Vegas Resort & Spa in Henderson, Nevada
and the 506-room Sawgrass Marriott Golf Resort & Spa in Ponte Vedra Beach, Florida

May 30, 2012 (Boston, MA) - Following significant growth after launching in 2011 and a strong 2012 first quarter, Pyramid Resort Group announces two new management agreements. As a result of their exceptionally active pipeline, the resort division of the Boston-based hotel management, asset management and project management firm Pyramid Hotel Group, added new resorts to their growing portfolio including The Westin Lake Las Vegas Resort & Spa in Henderson, NV and Sawgrass Marriott Golf Resort & Spa in Ponte Vedra Beach, FL.




"Owners had found particular appeal in the company's proven track record, extensive sales and marketing networks, revenue management practices and ability to benchmark performances across multiple brands, independent properties, and markets," said Richard Holtzman, Senior Vice President of Resort Operations. "The continued growth of this new division is a clear sign of the strength, versatility, and proven abilities of our company and the confidence of our new hotel owners to deliver superior returns".

Over the past year, Pyramid Resort Group's proven ability to maximize cash flows and asset values has been a significant factor in securing new management contracts, the most recent of which include:
  • The Westin Lake Las Vegas Resort & Spa re-launched in March 2012 and is located on the shores of Lake Las Vegas, just thirty minutes from the main "Strip." This 493-room resort offers guests the opportunity take advantage of the lake with paddle boarding and kayaking, as well as a trail for biking and jogging. Guests can lounge poolside or perfect their golf swing with 18 holes designed by Jack Nicklaus accessible right nearby. The resort also features five restaurants including the AAA Four Diamond-rated Japanese Restaurant Marssa. An ideal retreat for corporate, incentive and social groups, there is 45,000 square-feet of meeting space to suit any occasion.
  • Sawgrass Marriott Golf Resort & Spa is a premier resort with private beachfront access overlooking the 13th hole of the TPC Sawgrass Stadium Course in Ponte Vedra Beach, FL. An ideal escape for corporate, leisure and golf aficionados, the 506-room resort features 160 villas and offers a wealth of recreational possibilities including four pools, a 25,000 square-foot Spa, and a private Cabana Club on the beach for members and guests only. Guests also enjoy access to eight golf courses including the private TPC Sawgrass Stadium and Valley Courses. Casual and fine dining is available at nine resort restaurants. And 60,000 square-feet of modern event facilities create inspired settings for conferences, meetings and weddings. The resort is located near St. Augustine, Cape Canaveral and Daytona Speedway and convenient to myriad area attractions.
For more information on Pyramid Hotel and Resort Group, visit: pyramidhotelgroup.com.

About Pyramid Resort Group

Pyramid Resort Group is a division of Pyramid Hotel Group, the Boston-based hotel management, asset management and project management firm that is the 2nd largest hotel management company in the U.S. Established in June 2011, Pyramid Resort Group is a smart business evolution to enable the company to more aggressively target the resort business segment to help resort owners achieve greater profitability and value. The resort team is led by Richard A. Holtzman, Senior Vice President, who brings more than 30 years in the resort industry and accolades such as "Resort Executive of the Year" to this role. He was previously vice president of DMB, an Arizona-based real estate company, where he had both management and asset management responsibilities, including serving as president of the Kukui'ula Development Company, a new resort residential community in Hawaii on the Island of Kaua'i.  Pyramid Resort Group is actively seeking management and asset management contracts in the U.S. and Caribbean and has the potential to co-invest in situations that it deems appropriate. www.pyramidhotelgroup.com
.
Contact: 

Corey Finjer 
Hawkins International
(212) 255-6541
Corey@hawkpr.com

 


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Also See: Pyramid Hotel Group and Starwood Open the 493-room Westin Lake Las Vegas Resort and Spa Through a Renovation and Re-branding of the Henderson, Nevada Resort / March 2012

Pyramid Hotel Group Names Timothy H. Wolfe as General Manager of the Antlers Hilton in Colorado Springs, Colorado / October 2011

Pyramid Resort Group Names George K. McGann as Vice President, Managing Director & General Manager of The Wigwam in Litchfield Park, Arizona / September 2011

Pyramid Resort Group Selected to Manage The Wigwam, a 331-room Phoenix Area Resort in Arizona / September 2011

Pyramid Resort Group Names John Wagner Area Managing Director and General Manager for the 343-room Westin Casuarina Resort & Spa in Grand Cayman, Cayman Islands / September 2011

Pyramid Resort Group Selected to Manage the 343-room Westin Casuarina Resort & Spa in Grand Cayman, Cayman Islands / September 2011

Pyramid Hotel Group Selected To Manage Hawaii's Sheraton Keauhou Bay Resort & Spa / September 2011

Pyramid Hotel Group Appoints Jonathan Crellin as Managing Director and General Manager of the Boston Harbor Hotel in Massachusetts / July 2011
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