Urgo Hotels & Resorts Adds the Lake George Courtyard by Marriott to Growing Portfolio of Managed Hotels

BETHESDA, Md. /Lake George, N.Y., February 1, 2016 –Officials of Urgo Hotels & Resorts, a hotel company that develops, owns and operates hotels and resorts in the U.S., Canada and the Caribbean, today announced that the company has signed a management agreement to operate the 119-room Courtyard by Marriott in Lake George, N.Y. Currently under construction, the hotel is scheduled to open in summer 2016.

“We believe 2016 will be a record year for Urgo, as we expand our third-party managed portfolio and our wholly-owned/joint-venture portfolio,” said Mathew Jalazo, Urgo Hotels’ director of development. “We will open eight hotels currently under construction this year and have an addition six hotels in the pre-construction pipeline. Based on the strong relationships we have developed with our existing lenders and investor/owners, we expect to continue to expand our portfolio of hotels over the coming years.”

The hotel will open in the four-season destination in the summer of 2016, encouraging year-round tourism for the village. Urgo Hotels will advise ownership during the remainder of the construction and development of the hotel.

Situated across the street from Lake George in the heart of downtown, the hotel will offer direct access to a lakefront beach. The property’s amenities include a custom-designed lobby, a rooftop lounge overlooking Lake George and two restaurants, one of which has an outdoor terrace and panoramic views of the lake. Other amenities include 38 suites with lake and mountain views and 10,000 square feet of meeting space with lakefront views.

Spacious guestrooms will provide functional space for work, relaxation, comfort and sleep. The rooms are stylishly and thoughtfully designed, featuring a work area and high-speed internet access, helping guests stay both connected and comfortable. Other amenities include a 48-inch TV, ergonomic chair, safe deposit box and mini-bar. The property will offer a well-equipped exercise room, indoor pool, outdoor dining, and a spa.

About Urgo Hotels & Resorts

Urgo Hotels & Resorts is a Bethesda, Md.-based hotel company that develops, owns and/or operates distinctive and unique hotels and resorts in major markets and resort locations in the U.S., Canada and the Caribbean. The current portfolio is comprised of 38 hotels with more than 5,500 rooms, including eight under construction and an active pipeline of acquisition and development projects. The company develops, builds, and operates for its own account, as well as provides third-party management and asset management services. Additional information about the company may be found at www.urgohotels.com.

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