Sage Hospitality Opens Hotel Ivy in Minneapolis and il Lugano in Ft. Lauderdale

Grows Premier & Lifestyle Division

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. September 12, 2011

Denver, CO - September 9, 2011 - Sage Hospitality announced today the addition of two properties to its hotel portfolio: Hotel Ivy, part of the Luxury Collection by Starwood, in Minneapolis and il Lugano in Ft. Lauderdale, FL. These properties will become part of the growing Premier & Lifestyle Division, boasting standout hotel addresses across the United States.

The growth of the Premier & Lifestyle Division will continue to be a priority for Sage Hospitality in the coming year, as the Denver-based hotel management company continues adding hotels with addresses of distinction. The two acquisitions will bring the total properties in the Premier & Lifestyle Division to 14.

"We're proud to expand our Premier & Lifestyle offerings with Hotel Ivy and il Lugano," said Walter Isenberg, President and CEO of Sage Hospitality. "Both are standout urban hotels that appeal to contemporary travelers across the country and around the world. Sage has a proven track record in successfully operating similar assets, and we are thrilled to be adding these hotels to our portfolio."

"Il Lugano will be in good hands with Sage Hospitality," said Jack Huber, Director, Navigant Capital Advisors, LLC. "By partnering with Sage's Premier & Lifestyle Division, we are investing in the long-term health and future of this beautiful Fort Lauderdale hotel," he continued.

In addition to the Premier & Lifestyle division, Sage Hospitality also manages properties under its Full-Service, Select Service and Extended Stay divisions.

Hotel Ivy
Located in the heart of downtown Minneapolis, Hotel Ivy is a landmark building from 1930 which was later abandoned, renovated and re-introduced as Hotel Ivy in 2008. This AAA Four Diamond property, part of Starwood's Luxury Collection, offers contemporary style and easy accessibility to the city's most popular sites including Orchestra Hall. Hotel Ivy's 136 rooms feature local artwork and hardwood floors. The hotel is also home to Porter & Frye restaurant, serving American cuisine, as well as the Ivy Spa Club which offers 14 treatment rooms, plunge pools, hydrotherapy pools and a full spa dining menu. www.lc.com/Minneapolis

il Lugano
Il Lugano is a contemporary design masterpiece rising 15 stories above the Intracoastal Waterway in Fort Lauderdale. Opened in 2008, the hotel dazzles with 105 suite accommodations with residential touches including kitchens and laundry in suite. All suites feature large private terraces, and spectacular ocean and waterway views. Guests and locals enjoy boldly flavored regional Italian fare at da Campo Osteria, while the hotel lobby is the setting for the il Lugano Wine Bar, serving fine wines, cocktails, coffee and more. www.illugano.com

About Sage Hospitality
Founded in 1984, Sage Hospitality has strategically grown into one of the largest privately held hotel management companies in the nation operating a variety of large, full-service hotels and extended-stay and select-service properties. Sage Hospitality's comprehensive management portfolio includes major international brands for Marriott, Starwood, Hilton and IHG as well as the independent boutique hotels. Sage Hospitality has further differentiated with the creation of the Sage Restaurant Group, which has created and is managing 10 unique restaurant concepts including the acclaimed Mercat a la Planxa in Chicago. For more information, visit www.sagehospitality.com..