Urgo Hotels & Resorts Adds NY's Lake George Courtyard by Marriott to Portfolio of Managed Hotels
The 119-room hotel is currently under construction with a summer 2016 opening planned.
BETHESDA, MD. and LAKE GEORGE, N.Y. February 2, 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.
Contact:
Sonia Abdulbaki
Daly Gray, Inc.
[email protected]
(703) 435-6293
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
