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Sage Hospitality Names Peter Psihas Director of Sales and Marketing
for THE BLACKSTONE, a Renaissance Hotel, Chicago

Chicago, IL –September 19, 2007- Sage Hospitality Resources, the Denver, Co -based hospitality company that is renovating -- and will manage -- The Blackstone, a Renaissance Hotel has appointed Peter Psihas as the director of sales and marketing.

Brad Robinette, senior vice president of revenue growth services at Sage Hospitality Resources, described Mr.Psihas, whose 18-year long career in hospitality started at the Chicago Marriott Downtown, as an ideal fit for the The Blackstone: 

“Peter Psihas brings a wealth of knowledge in the hospitality industry and an outstanding reputation of sales and marketing innovation to the table,” said Mr.Robinette, “coupled with a passion for exceeding guest expectations and a commitment to creating a uniquely Chicago experience at The Blackstone.”  

In his position, Mr. Psihas will be responsible for developing and implementing the pre- and post opening sales and marketing programs for The Blackstone. 

Most recently, Mr. Psihas served as director of group sales at the Los Angeles Airport Marriott. In addition, he has held executive sales positions at the Renaissance Hollywood Hotel, Ritz-Carleton, Marina Del Rey, Marriott Rancho-Santa Barbara and Marriott-J.W. Century City. Among the professional awards Mr. Psihas has earned is Property Sales Team of the Year-2006: LAX Airport Marriott. Mr. Psihas has also led his sales teams in a variety of community service initiatives including Habitat for Humanity and Beach Clean-Up Day for the Surfrider Foundation. A graduate of Saint John’s University in Collegeville, MN, Mr. Psihas holds a B.A. in English.
Sage’s $112 million renovation of the long dormant, 23-story, Beaux-Arts Blackstone Hotel into a luxury Renaissance hotel is scheduled for completion later this year. Located on Michigan Avenue, in the heart of Chicago’s arts and theatre district, The Blackstone will feature 332 stylish guest rooms, 12 sumptuous suites, 13,230 square feet of meeting space, a health club and business center as well as an ambitious visual arts program featuring \original works by contemporary Chicago artists. A street level Starbucks Café with outdoor seating will serve hotel guests, the local business community and neighborhood residents. 

The Sage Restaurant Group will also open and operate a signature destination restaurant at the Michigan Avenue location. Inspired by Barcelona’s fresh markets, Mercat a la Planxa will offer diners tapas and chops-- a fusion of traditional Catalan cuisine with a modern twist in a richly colored and artful setting overlooking Grant Park and the lakefront.

Listed on the National Register of Historic Places, the former Blackstone Hotel was celebrated as the “Hotel of Presidents” and played host to countless celebrities including Katherine Hepburn, Tennessee Williams and Paul Newman before it closed its doors.

About Sage Hospitality Resources

Founded in 1984, Sage Hospitality Resources has strategically grown into one of the largest privately held hotel management and development company in the nation. 

During the past five years, the Denver, CO-based firm has completed over $1.1 billion in acquisition and development projects, using some of the most unique financing structures in the industry. Sage is a preferred franchise partner for Marriott International and Starwood Hotels and Resorts Worldwide. In addition to major international brands, Sage’s comprehensive management portfolio includes independent hotels such as the visionary 21C Hotel/Museum in Louisville, KY (the signature hotel incorporates an art museum devoted to collecting and displaying living, contemporary artists from around the world). 

Sage’s new Restaurant Group has opened its first restaurant, The Corner Office Restaurant and Martini Bar adjacent to the Curtis hotel in Downtown Denver. The Restaurant Group plans 22 individually themed, destination restaurants nationwide by 2011. 

Sage is also nationally recognized for converting historic properties into signature hotels.  Since 1997, when the company pioneered its first urban redevelopment initiative, Sage has preserved and transformed six underutilized national landmarks into award-winning hotel properties that serve as an important catalyst for downtown revitalization. Other historic projects that have recently been completed or are in the process of renovation are the Renaissance Providence Hotel in Providence, RI and The Nines, a Starwood Luxury Collection Hotel, in Portland, Oregon.


Susanne Voeltz
Phone: 608/284-0848 

Also See: Sage Hospitality Names Fletcher C. Mayes General Manager for The Blackstone, a Renaissance Hotel; $112 million Renovation of Chicago’s Legendary Hotel Set for Completion Late in 2007 / September 2007


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