Prestige to Manage the CoCo Key Water Resort

Waterbury, Connecticut

. August 22, 2011

Waterbury CT - August 19, 2011 - Prestige Hospitality Group announced that it has been awarded the operations and management contract for the CoCo Key Water Resort Hotel & Convention Center in Waterbury, Connecticut.

Under this new assignment, Prestige Hospitality Group will be responsible for daily hotel and convention operations, capital improvements, marketing and business development for this destination hotel and indoor water park resort.

“The amenities offered at the CoCo Key Resort are spectacular and we are very excited to be a part of this destination hotel,” said James C. Frenis, CHA, Chief Executive Officer of Prestige Hospitality Group (PHG). “I am confident that under our management, the resort will continue to provide a unique and superior experience for our guests.”

The CoCo Key Water Resort Hotel & Convention Center is located on East Main Street in Waterbury, within easy access to Interstate 84 and conveniently located in central Connecticut. The hotel and conference center includes 280 newly renovated rooms and two Presidential suites, 21 meetings rooms and exhibition space with accommodations for up to 1,200 attendees, and a full service banquet and catering department. The CoCo Key Water Resort is Connecticut's only indoor water park.

“The CoCo Key Resort is a significant addition to PHG's hospitality management portfolio,” said Mr. Frenis. “This contract is part of our ongoing strategy to expand our presence within the Connecticut market. We are extremely excited about this opportunity.”

Headquartered in Albany, New York, PHG owns, develops and manages hotels and hospitality properties throughout the northeast. PHG provides operational, financial and strategic management services for a mixed portfolio of franchised and independent, select and full service hotels. Prestige Hospitality Group can be found on the web at www.prestigehospitality.com.

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